GBP/CAD
GBP CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPCAD
ISIN:

GBP/CAD - 1H - Technical analysis published on 11/19/2019 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.7095 CAD
My targets
1.7160 CAD (+0.11%)
1.7498 CAD (+2.08%)
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 1.7095 CAD. The buyers” bullish objective is set at 1.7160 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.7498 CAD. If there is any crossing, the next objective would be the resistance located at 1.7753 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 confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.9

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/CAD price is 1.7141 CAD. The price has increased by +0.22% since the last closing with the lowest point at 1.7069 CAD and the highest point at 1.7151 CAD. The deviation from the price is +0.42% for the low point and -0.06% for the high point.

1.7069
1.7151
1.7141

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this GBP/CAD chart shows a strongly 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.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.6970 1.7051 1.7095 1.7141 1.7160 1.7498 1.7753
Change (%) -1.00% -0.53% -0.27% - +0.11% +2.08% +3.57%
Change -0.0171 -0.0090 -0.0046 - +0.0019 +0.0357 +0.0612
Level Intermediate Major Minor - Intermediate Intermediate Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.70291.70621.70831.71161.71371.71701.7191
Camarilla1.70881.70931.70981.71031.71081.71131.7118
Woodie1.70221.70591.70761.71131.71301.71671.7184
Fibonacci1.70621.70831.70961.71161.71371.71501.7170


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.67591.68321.69491.70221.71391.72121.7329
Camarilla1.70131.70301.70481.70651.70821.71001.7117
Woodie1.67801.68431.69701.70331.71601.72231.7350
Fibonacci1.68321.69051.69501.70221.70951.71401.7212


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.55531.58721.64561.67751.73591.76781.8262
Camarilla1.67911.68731.69561.70391.71221.72051.7287
Woodie1.56851.59381.65881.68411.74911.77441.8394
Fibonacci1.58721.62171.64301.67751.71201.73331.7678

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): 61.82
MACD (12,26,9): 0.0007
Directional Movement: 12.7929
AROON (14): 50.0000
DEMA (21): 1.7121
Parabolic SAR (0,02-0,02-0,2): 1.7085
Elder Ray (13): 0.0023
Super Trend (3,10): 1.7071
Zig ZAG (10): 1.7148
VORTEX (21): 1.0735
Stochastique (14,3,5): 89.43
TEMA (21): 1.7124
Williams %R (14): -3.66
Chande Momentum Oscillator (20): 0.0036
Repulse (5,40,3): 0.1847
ROCnROLL: 1
TRIX (15,9): 0.0013
Courbe Coppock: 0.14
MA7: 1.7062
MA20: 1.6958
MA50: 1.6705
MA100: 1.6460
MAexp7: 1.7125
MAexp20: 1.7114
MAexp50: 1.7102
MAexp100: 1.7078
Price / MA7: +0.46%
Price / MA20: +1.08%
Price / MA50: +2.61%
Price / MA100: +4.14%
Price / MAexp7: +0.09%
Price / MAexp20: +0.16%
Price / MAexp50: +0.23%
Price / MAexp100: +0.37%

This member declared not having a position on this financial instrument or a related financial instrument.

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