GBP/CAD - 1H - Technical analysis published on 11/19/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
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
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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 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.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
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
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:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 1.7029 | 1.7062 | 1.7083 | 1.7116 | 1.7137 | 1.7170 | 1.7191 |
Camarilla | 1.7088 | 1.7093 | 1.7098 | 1.7103 | 1.7108 | 1.7113 | 1.7118 |
Woodie | 1.7022 | 1.7059 | 1.7076 | 1.7113 | 1.7130 | 1.7167 | 1.7184 |
Fibonacci | 1.7062 | 1.7083 | 1.7096 | 1.7116 | 1.7137 | 1.7150 | 1.7170 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.6759 | 1.6832 | 1.6949 | 1.7022 | 1.7139 | 1.7212 | 1.7329 |
Camarilla | 1.7013 | 1.7030 | 1.7048 | 1.7065 | 1.7082 | 1.7100 | 1.7117 |
Woodie | 1.6780 | 1.6843 | 1.6970 | 1.7033 | 1.7160 | 1.7223 | 1.7350 |
Fibonacci | 1.6832 | 1.6905 | 1.6950 | 1.7022 | 1.7095 | 1.7140 | 1.7212 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.5553 | 1.5872 | 1.6456 | 1.6775 | 1.7359 | 1.7678 | 1.8262 |
Camarilla | 1.6791 | 1.6873 | 1.6956 | 1.7039 | 1.7122 | 1.7205 | 1.7287 |
Woodie | 1.5685 | 1.5938 | 1.6588 | 1.6841 | 1.7491 | 1.7744 | 1.8394 |
Fibonacci | 1.5872 | 1.6217 | 1.6430 | 1.6775 | 1.7120 | 1.7333 | 1.7678 |
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% |
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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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