GBP/CAD - 15 min. - Technical analysis published on 12/09/2019 (GMT)
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- Timeframe : 15 min.
- - 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
78%
6%
17%
My opinion
Bullish above 1.7411 CAD
My targets
1.7435 CAD (+0.0006)
1.7447 CAD (+0.0018)
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 1.7411 CAD. The buyers” bullish objective is set at 1.7435 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.7447 CAD. If there is any crossing, the next objective would be the resistance located at 1.7498 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
8.4
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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 1.7429 CAD. On the day, this instrument gained +0.10% and was traded between 1.7410 CAD and 1.7430 CAD over the period. The price is currently at +0.11% from its lowest and -0.01% from its highest.1.7410
1.7430
1.7429
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this GBP/CAD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 15 minutes
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 15 minutes
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
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 | 1.7130 | 1.7276 | 1.7396 | 1.7429 | 1.7498 | 1.7753 | 1.8348 |
| Change (%) | -1.72% | -0.88% | -0.19% | - | +0.40% | +1.86% | +5.27% |
| Change | -0.0299 | -0.0153 | -0.0033 | - | +0.0069 | +0.0324 | +0.0919 |
| Level | Major | Major | Minor | - | Intermediate | Major | 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 | 1.7375 | 1.7387 | 1.7399 | 1.7411 | 1.7423 | 1.7435 | 1.7447 |
| Camarilla | 1.7404 | 1.7407 | 1.7409 | 1.7411 | 1.7413 | 1.7415 | 1.7418 |
| Woodie | 1.7375 | 1.7387 | 1.7399 | 1.7411 | 1.7423 | 1.7435 | 1.7447 |
| Fibonacci | 1.7387 | 1.7396 | 1.7402 | 1.7411 | 1.7420 | 1.7426 | 1.7435 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6914 | 1.7021 | 1.7215 | 1.7322 | 1.7516 | 1.7623 | 1.7817 |
| Camarilla | 1.7326 | 1.7354 | 1.7381 | 1.7409 | 1.7437 | 1.7464 | 1.7492 |
| Woodie | 1.6958 | 1.7043 | 1.7259 | 1.7344 | 1.7560 | 1.7645 | 1.7861 |
| Fibonacci | 1.7021 | 1.7136 | 1.7207 | 1.7322 | 1.7437 | 1.7508 | 1.7623 |
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): | 63.97 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 12.6891 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 1.7419 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7401 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 1.7392 | |
| Zig ZAG (10): | 1.7421 | |
| VORTEX (21): | 0.9541 | |
| Stochastique (14,3,5): | 65.60 | |
| TEMA (21): | 1.7414 | |
| Williams %R (14): | -11.54 | |
| Chande Momentum Oscillator (20): | 0.0017 | |
| Repulse (5,40,3): | 0.0507 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0035 | |
| Courbe Coppock: | 0.01 |
| MA7: | 1.7339 | |
| MA20: | 1.7197 | |
| MA50: | 1.6947 | |
| MA100: | 1.6593 | |
| MAexp7: | 1.7416 | |
| MAexp20: | 1.7415 | |
| MAexp50: | 1.7399 | |
| MAexp100: | 1.7378 | |
| Price / MA7: | +0.52% | |
| Price / MA20: | +1.35% | |
| Price / MA50: | +2.84% | |
| Price / MA100: | +5.04% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | +0.30% |
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.
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