GBP/CAD - 1H - Technical analysis published on 01/28/2020 (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 bearish
De fond:
Bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 1.7239 CAD
My targets
1.7108 CAD (-0.0064)
1.6998 CAD (-0.0174)
My analysis
In the short term, we can see an acceleration in the bearish trend on GBP/CAD, which is a positive signal for sellers. As long as the price remains above 1.7239 CAD, a sale could be considered. The first bearish objective is located at 1.7108 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.6998 CAD as an objective. Crossing it would then enable sellers to target 1.6941 CAD. If the price were to return above 1.7239 CAD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
5.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/CAD rating is 1.7172 CAD. The price registered an increase of -0.30% on the session with the lowest point at 1.7163 CAD and the highest point at 1.7232 CAD. The deviation from the price is +0.05% for the low point and -0.35% for the high point.1.7163
1.7232
1.7172
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of GBP/CAD in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel 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 | 1.6941 | 1.6998 | 1.7108 | 1.7172 | 1.7186 | 1.7239 | 1.7276 |
| Change (%) | -1.35% | -1.01% | -0.37% | - | +0.08% | +0.39% | +0.61% |
| Change | -0.0231 | -0.0174 | -0.0064 | - | +0.0014 | +0.0067 | +0.0104 |
| Level | Minor | Intermediate | Minor | - | Minor | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7076 | 1.7126 | 1.7175 | 1.7225 | 1.7274 | 1.7324 | 1.7373 |
| Camarilla | 1.7196 | 1.7205 | 1.7214 | 1.7223 | 1.7232 | 1.7241 | 1.7250 |
| Woodie | 1.7075 | 1.7126 | 1.7174 | 1.7225 | 1.7273 | 1.7324 | 1.7372 |
| Fibonacci | 1.7126 | 1.7164 | 1.7188 | 1.7225 | 1.7263 | 1.7287 | 1.7324 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6612 | 1.6776 | 1.6978 | 1.7142 | 1.7344 | 1.7508 | 1.7710 |
| Camarilla | 1.7078 | 1.7112 | 1.7146 | 1.7179 | 1.7213 | 1.7246 | 1.7280 |
| Woodie | 1.6630 | 1.6786 | 1.6996 | 1.7152 | 1.7362 | 1.7518 | 1.7728 |
| Fibonacci | 1.6776 | 1.6916 | 1.7003 | 1.7142 | 1.7282 | 1.7369 | 1.7508 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6049 | 1.6518 | 1.6855 | 1.7324 | 1.7661 | 1.8130 | 1.8467 |
| Camarilla | 1.6969 | 1.7043 | 1.7117 | 1.7191 | 1.7265 | 1.7339 | 1.7413 |
| Woodie | 1.5982 | 1.6485 | 1.6788 | 1.7291 | 1.7594 | 1.8097 | 1.8400 |
| Fibonacci | 1.6518 | 1.6826 | 1.7016 | 1.7324 | 1.7632 | 1.7822 | 1.8130 |
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): | 33.45 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -15.4114 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.7202 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7218 | |
| Elder Ray (13): | -0.0030 | |
| Super Trend (3,10): | 1.7225 | |
| Zig ZAG (10): | 1.7171 | |
| VORTEX (21): | 0.7984 | |
| Stochastique (14,3,5): | 15.95 | |
| TEMA (21): | 1.7198 | |
| Williams %R (14): | -73.91 | |
| Chande Momentum Oscillator (20): | -0.0035 | |
| Repulse (5,40,3): | -0.0769 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0005 | |
| Courbe Coppock: | 0.12 |
| MA7: | 1.7157 | |
| MA20: | 1.7086 | |
| MA50: | 1.7171 | |
| MA100: | 1.6938 | |
| MAexp7: | 1.7196 | |
| MAexp20: | 1.7207 | |
| MAexp50: | 1.7208 | |
| MAexp100: | 1.7187 | |
| Price / MA7: | +0.09% | |
| Price / MA20: | +0.50% | |
| Price / MA50: | +0.01% | |
| Price / MA100: | +1.38% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.09% |
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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