GBP/CAD - 1H - Technical analysis published on 10/03/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
33%
11%
56%
My opinion
Bullish above 1.6409 CAD
My targets
1.6454 CAD (+0.02%)
1.6515 CAD (+0.40%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/CAD as long as the price remains well above 1.6409 CAD. The buyers” bullish objective is set at 1.6454 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.6515 CAD. If there is any crossing, the next objective would be the resistance located at 1.6579 CAD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
6.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/CAD rating is 1.6450 CAD. On the day, this instrument gained +0.31% and was traded between 1.6339 CAD and 1.6554 CAD over the period. The price is currently at +0.68% from its lowest and -0.63% from its highest.1.6339
1.6554
1.6450
Here is a more detailed summary of the historical variations registered by GBP/CAD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/CAD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 10 are neutral and 2 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.6306 | 1.6370 | 1.6409 | 1.6450 | 1.6454 | 1.6515 | 1.6579 |
Change (%) | -0.88% | -0.49% | -0.25% | - | +0.02% | +0.40% | +0.78% |
Change | -0.0144 | -0.0080 | -0.0041 | - | +0.0004 | +0.0065 | +0.0129 |
Level | Minor | Intermediate | Intermediate | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.6041 | 1.6116 | 1.6258 | 1.6333 | 1.6475 | 1.6550 | 1.6692 |
Camarilla | 1.6339 | 1.6359 | 1.6379 | 1.6399 | 1.6419 | 1.6439 | 1.6459 |
Woodie | 1.6074 | 1.6133 | 1.6291 | 1.6350 | 1.6508 | 1.6567 | 1.6725 |
Fibonacci | 1.6116 | 1.6199 | 1.6250 | 1.6333 | 1.6416 | 1.6467 | 1.6550 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.5846 | 1.6053 | 1.6166 | 1.6373 | 1.6486 | 1.6693 | 1.6806 |
Camarilla | 1.6191 | 1.6220 | 1.6250 | 1.6279 | 1.6308 | 1.6338 | 1.6367 |
Woodie | 1.5799 | 1.6030 | 1.6119 | 1.6350 | 1.6439 | 1.6670 | 1.6759 |
Fibonacci | 1.6053 | 1.6175 | 1.6251 | 1.6373 | 1.6495 | 1.6571 | 1.6693 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.5189 | 1.5573 | 1.5924 | 1.6308 | 1.6659 | 1.7043 | 1.7394 |
Camarilla | 1.6073 | 1.6140 | 1.6208 | 1.6275 | 1.6342 | 1.6410 | 1.6477 |
Woodie | 1.5173 | 1.5565 | 1.5908 | 1.6300 | 1.6643 | 1.7035 | 1.7378 |
Fibonacci | 1.5573 | 1.5854 | 1.6027 | 1.6308 | 1.6589 | 1.6762 | 1.7043 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 56.09 | |
MACD (12,26,9): | 0.0031 | |
Directional Movement: | 10.1214 | |
AROON (14): | 50.0000 | |
DEMA (21): | 1.6482 | |
Parabolic SAR (0,02-0,02-0,2): | 1.6547 | |
Elder Ray (13): | -0.0008 | |
Super Trend (3,10): | 1.6400 | |
Zig ZAG (10): | 1.6449 | |
VORTEX (21): | 1.0816 | |
Stochastique (14,3,5): | 50.52 | |
TEMA (21): | 1.6483 | |
Williams %R (14): | -55.03 | |
Chande Momentum Oscillator (20): | 0.0069 | |
Repulse (5,40,3): | -0.1039 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0331 | |
Courbe Coppock: | 1.08 |
MA7: | 1.6342 | |
MA20: | 1.6400 | |
MA50: | 1.6240 | |
MA100: | 1.6477 | |
MAexp7: | 1.6460 | |
MAexp20: | 1.6437 | |
MAexp50: | 1.6382 | |
MAexp100: | 1.6357 | |
Price / MA7: | +0.66% | |
Price / MA20: | +0.30% | |
Price / MA50: | +1.29% | |
Price / MA100: | -0.16% | |
Price / MAexp7: | -0.06% | |
Price / MAexp20: | +0.08% | |
Price / MAexp50: | +0.42% | |
Price / MAexp100: | +0.57% |
News
The latest news and videos published on GBP/CAD at the time of the analysis were as follows:
- GBPCAD Sports a Trend That Belies Uncertainty and High Risk of Volatility (Quick Take Video)
- Webinar: Central Bank Weekly: GBP, CAD Rebound as BOE, BOC Rate Hike Odds Rise: 7/5/18
- Why I'm looking to buy GBPCAD: Coleman
- Oil & Brexit GBP CAD
- Webinar: Price Action Setups GBP, CAD, DXY
This member declared not having a position on this financial instrument or a related financial instrument.
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