GBP/CAD - 1H - Technical analysis published on 10/15/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 1.6821 CAD
My targets
1.7013 CAD (+0.87%)
1.7325 CAD (+2.72%)
My analysis
GBP/CAD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.6821 CAD. The next resistance located at 1.7013 CAD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.7325 CAD. After this resistance, buyers could then target 1.7514 CAD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.4
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/CAD rating is 1.6866 CAD. The price has increased by +1.13% since the last closing and was traded between 1.6670 CAD and 1.6912 CAD over the period. The price is currently at +1.18% from its lowest and -0.27% from its highest.1.6670
1.6912
1.6866
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/CAD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/CAD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6663 | 1.6730 | 1.6821 | 1.6866 | 1.7013 | 1.7325 | 1.7514 |
| Change (%) | -1.20% | -0.81% | -0.27% | - | +0.87% | +2.72% | +3.84% |
| Change | -0.0203 | -0.0136 | -0.0045 | - | +0.0147 | +0.0459 | +0.0648 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6884 | 1.6949 | 1.6988 | 1.7053 | 1.7092 | 1.7157 | 1.7196 |
| Camarilla | 1.6997 | 1.7007 | 1.7017 | 1.7026 | 1.7036 | 1.7045 | 1.7055 |
| Woodie | 1.6870 | 1.6943 | 1.6974 | 1.7047 | 1.7078 | 1.7151 | 1.7182 |
| Fibonacci | 1.6949 | 1.6989 | 1.7014 | 1.7053 | 1.7093 | 1.7118 | 1.7157 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7266 | 1.7415 | 1.7636 | 1.7785 | 1.8006 | 1.8155 | 1.8376 |
| Camarilla | 1.7756 | 1.7790 | 1.7824 | 1.7858 | 1.7892 | 1.7926 | 1.7960 |
| Woodie | 1.7303 | 1.7433 | 1.7673 | 1.7803 | 1.8043 | 1.8173 | 1.8413 |
| Fibonacci | 1.7415 | 1.7556 | 1.7643 | 1.7785 | 1.7926 | 1.8013 | 1.8155 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.95 | |
| MACD (12,26,9): | 0.0057 | |
| Directional Movement: | 18.7569 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.6847 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6494 | |
| Elder Ray (13): | 0.0054 | |
| Super Trend (3,10): | 1.6656 | |
| Zig ZAG (10): | 1.6872 | |
| VORTEX (21): | 1.0684 | |
| Stochastique (14,3,5): | 93.96 | |
| TEMA (21): | 1.6880 | |
| Williams %R (14): | -6.88 | |
| Chande Momentum Oscillator (20): | 0.0142 | |
| Repulse (5,40,3): | 0.1317 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0358 | |
| Courbe Coppock: | 2.00 |
| MA7: | 1.6621 | |
| MA20: | 1.6484 | |
| MA50: | 1.6325 | |
| MA100: | 1.6432 | |
| MAexp7: | 1.6847 | |
| MAexp20: | 1.6780 | |
| MAexp50: | 1.6703 | |
| MAexp100: | 1.6616 | |
| Price / MA7: | +1.47% | |
| Price / MA20: | +2.32% | |
| Price / MA50: | +3.31% | |
| Price / MA100: | +2.64% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.51% | |
| Price / MAexp50: | +0.98% | |
| Price / MAexp100: | +1.50% |
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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