GBP/CAD - 1H - Technical analysis published on 11/27/2019 (GMT)
- Who voted?
- 161
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.7070 CAD
My targets
1.7160 CAD (+0.14%)
1.7196 CAD (+0.35%)
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 1.7070 CAD. The next resistance located at 1.7160 CAD is the next bullish target 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 1.7196 CAD. After this resistance, buyers could then target 1.7229 CAD.
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
6.1
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/CAD price is 1.7136 CAD. On the day, this instrument gained +0.40% with the lowest point at 1.7024 CAD and the highest point at 1.7156 CAD. The deviation from the price is +0.66% for the low point and -0.12% for the high point.1.7024
1.7156
1.7136
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/CAD chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
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
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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 | 1.6890 | 1.7051 | 1.7070 | 1.7136 | 1.7160 | 1.7196 | 1.7229 |
| Change (%) | -1.44% | -0.50% | -0.39% | - | +0.14% | +0.35% | +0.54% |
| Change | -0.0246 | -0.0085 | -0.0066 | - | +0.0024 | +0.0060 | +0.0093 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6911 | 1.6984 | 1.7026 | 1.7099 | 1.7141 | 1.7214 | 1.7256 |
| Camarilla | 1.7035 | 1.7046 | 1.7057 | 1.7067 | 1.7078 | 1.7088 | 1.7099 |
| Woodie | 1.6895 | 1.6976 | 1.7010 | 1.7091 | 1.7125 | 1.7206 | 1.7240 |
| Fibonacci | 1.6984 | 1.7028 | 1.7055 | 1.7099 | 1.7143 | 1.7170 | 1.7214 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6746 | 1.6892 | 1.6978 | 1.7124 | 1.7210 | 1.7356 | 1.7442 |
| Camarilla | 1.6999 | 1.7021 | 1.7042 | 1.7063 | 1.7084 | 1.7106 | 1.7127 |
| Woodie | 1.6715 | 1.6877 | 1.6947 | 1.7109 | 1.7179 | 1.7341 | 1.7411 |
| Fibonacci | 1.6892 | 1.6981 | 1.7036 | 1.7124 | 1.7213 | 1.7268 | 1.7356 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 61.69 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 12.3135 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 1.7118 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7094 | |
| Elder Ray (13): | 0.0025 | |
| Super Trend (3,10): | 1.7081 | |
| Zig ZAG (10): | 1.7134 | |
| VORTEX (21): | 1.1827 | |
| Stochastique (14,3,5): | 90.10 | |
| TEMA (21): | 1.7137 | |
| Williams %R (14): | -18.33 | |
| Chande Momentum Oscillator (20): | 0.0075 | |
| Repulse (5,40,3): | 0.0138 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0029 | |
| Courbe Coppock: | 0.79 |
| MA7: | 1.7133 | |
| MA20: | 1.7045 | |
| MA50: | 1.6786 | |
| MA100: | 1.6505 | |
| MAexp7: | 1.7129 | |
| MAexp20: | 1.7106 | |
| MAexp50: | 1.7104 | |
| MAexp100: | 1.7111 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | +0.53% | |
| Price / MA50: | +2.09% | |
| Price / MA100: | +3.82% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.15% |
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
Online
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…
Add a comment
Comments
0 comments on the analysis GBP/CAD - 1H