GBP/CAD - 1H - Technical analysis published on 12/16/2019 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Additional analysis
Quotes
The GBP/CAD price is 1.7577 CAD. The price registered an increase of +0.11% on the session with the lowest point at 1.7570 CAD and the highest point at 1.7653 CAD. The deviation from the price is +0.04% for the low point and -0.43% for the high point.The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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
Technical analysis of this 1H chart of GBP/CAD indicates that the overall trend is bullish. The signals given by moving averages are 75% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 9 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 engulfing lines
Type : Bearish
Timeframe : 1 hour
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.7239 | 1.7348 | 1.7498 | 1.7577 | 1.7590 | 1.7753 | 1.8348 |
Change (%) | -1.92% | -1.30% | -0.45% | - | +0.07% | +1.00% | +4.39% |
Change | -0.0338 | -0.0229 | -0.0079 | - | +0.0013 | +0.0176 | +0.0771 |
Level | Major | Intermediate | Major | - | Minor | 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:
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.7210 | 1.7367 | 1.7462 | 1.7619 | 1.7714 | 1.7871 | 1.7966 |
Camarilla | 1.7489 | 1.7512 | 1.7535 | 1.7558 | 1.7581 | 1.7604 | 1.7627 |
Woodie | 1.7180 | 1.7352 | 1.7432 | 1.7604 | 1.7684 | 1.7856 | 1.7936 |
Fibonacci | 1.7367 | 1.7463 | 1.7522 | 1.7619 | 1.7715 | 1.7774 | 1.7871 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.6665 | 1.6938 | 1.7248 | 1.7521 | 1.7831 | 1.8104 | 1.8414 |
Camarilla | 1.7398 | 1.7451 | 1.7505 | 1.7558 | 1.7611 | 1.7665 | 1.7718 |
Woodie | 1.6684 | 1.6947 | 1.7267 | 1.7530 | 1.7850 | 1.8113 | 1.8433 |
Fibonacci | 1.6938 | 1.7161 | 1.7298 | 1.7521 | 1.7744 | 1.7881 | 1.8104 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
RSI (14): | 48.33 | |
MACD (12,26,9): | 0.0012 | |
Directional Movement: | 0.0970 | |
AROON (14): | 71.4286 | |
DEMA (21): | 1.7627 | |
Parabolic SAR (0,02-0,02-0,2): | 1.7653 | |
Elder Ray (13): | -0.0017 | |
Super Trend (3,10): | 1.7546 | |
Zig ZAG (10): | 1.7587 | |
VORTEX (21): | 0.9571 | |
Stochastique (14,3,5): | 61.01 | |
TEMA (21): | 1.7611 | |
Williams %R (14): | -64.15 | |
Chande Momentum Oscillator (20): | 0.0028 | |
Repulse (5,40,3): | -0.2415 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0115 | |
Courbe Coppock: | 0.36 |
MA7: | 1.7491 | |
MA20: | 1.7294 | |
MA50: | 1.7038 | |
MA100: | 1.6643 | |
MAexp7: | 1.7612 | |
MAexp20: | 1.7608 | |
MAexp50: | 1.7565 | |
MAexp100: | 1.7506 | |
Price / MA7: | +0.49% | |
Price / MA20: | +1.64% | |
Price / MA50: | +3.16% | |
Price / MA100: | +5.61% | |
Price / MAexp7: | -0.20% | |
Price / MAexp20: | -0.18% | |
Price / MAexp50: | +0.07% | |
Price / MAexp100: | +0.41% |
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
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