GBP/CAD - 1H - Technical analysis published on 12/05/2019 (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:
Bullish
De fond:
Strongly bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 1.7270 CAD
My targets
1.7322 CAD (+0.0020)
1.7396 CAD (+0.0094)
My analysis
The basic bullish trend is very strong on GBP/CAD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1.7270 CAD. Crossing the first resistance at 1.7322 CAD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.7396 CAD as an objective. Crossing it would then enable buyers to target 1.7498 CAD. Caution, a return to below 1.7270 CAD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
5
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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 1.7302 CAD. The price registered an increase of +0.04% on the session and was between 1.7276 CAD and 1.7335 CAD. This implies that the price is at +0.15% from its lowest and at -0.19% from its highest.1.7276
1.7335
1.7302
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GBP/CAD indicates that the overall trend is strongly bullish. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 6 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
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 : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.7130 | 1.7214 | 1.7270 | 1.7302 | 1.7322 | 1.7396 | 1.7498 |
Change (%) | -0.99% | -0.51% | -0.18% | - | +0.12% | +0.54% | +1.13% |
Change | -0.0172 | -0.0088 | -0.0032 | - | +0.0020 | +0.0094 | +0.0196 |
Level | Major | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.7104 | 1.7182 | 1.7239 | 1.7317 | 1.7374 | 1.7452 | 1.7509 |
Camarilla | 1.7258 | 1.7270 | 1.7283 | 1.7295 | 1.7307 | 1.7320 | 1.7332 |
Woodie | 1.7093 | 1.7177 | 1.7228 | 1.7312 | 1.7363 | 1.7447 | 1.7498 |
Fibonacci | 1.7182 | 1.7234 | 1.7266 | 1.7317 | 1.7369 | 1.7401 | 1.7452 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.6873 | 1.6949 | 1.7063 | 1.7139 | 1.7253 | 1.7329 | 1.7443 |
Camarilla | 1.7126 | 1.7143 | 1.7161 | 1.7178 | 1.7195 | 1.7213 | 1.7230 |
Woodie | 1.6893 | 1.6959 | 1.7083 | 1.7149 | 1.7273 | 1.7339 | 1.7463 |
Fibonacci | 1.6949 | 1.7021 | 1.7066 | 1.7139 | 1.7211 | 1.7256 | 1.7329 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.6509 | 1.6680 | 1.6929 | 1.7100 | 1.7349 | 1.7520 | 1.7769 |
Camarilla | 1.7063 | 1.7101 | 1.7140 | 1.7178 | 1.7217 | 1.7255 | 1.7294 |
Woodie | 1.6548 | 1.6700 | 1.6968 | 1.7120 | 1.7388 | 1.7540 | 1.7808 |
Fibonacci | 1.6680 | 1.6840 | 1.6940 | 1.7100 | 1.7260 | 1.7360 | 1.7520 |
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): | 51.28 | |
MACD (12,26,9): | 0.0003 | |
Directional Movement: | 4.0328 | |
AROON (14): | 64.2857 | |
DEMA (21): | 1.7308 | |
Parabolic SAR (0,02-0,02-0,2): | 1.7284 | |
Elder Ray (13): | 0.0005 | |
Super Trend (3,10): | 1.7344 | |
Zig ZAG (10): | 1.7304 | |
VORTEX (21): | 0.9185 | |
Stochastique (14,3,5): | 58.76 | |
TEMA (21): | 1.7304 | |
Williams %R (14): | -50.85 | |
Chande Momentum Oscillator (20): | 0.0018 | |
Repulse (5,40,3): | -0.0687 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0016 | |
Courbe Coppock: | 0.16 |
MA7: | 1.7228 | |
MA20: | 1.7129 | |
MA50: | 1.6877 | |
MA100: | 1.6560 | |
MAexp7: | 1.7307 | |
MAexp20: | 1.7303 | |
MAexp50: | 1.7288 | |
MAexp100: | 1.7255 | |
Price / MA7: | +0.43% | |
Price / MA20: | +1.01% | |
Price / MA50: | +2.52% | |
Price / MA100: | +4.48% | |
Price / MAexp7: | -0.03% | |
Price / MAexp20: | -0.01% | |
Price / MAexp50: | +0.08% | |
Price / MAexp100: | +0.27% |
News
The last news published on GBP/CAD at the time of the generation of this analysis was 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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