GBP/CAD
GBP CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPCAD
ISIN:

GBP/CAD - Daily - Technical analysis published on 03/25/2020 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 1.7032 CAD
My targets
1.6607 CAD (-0.0198)
1.6247 CAD (-0.0558)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/CAD as long as the price remains well below 1.7032 CAD. The sellers” bearish objective is set at 1.6607 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.6247 CAD. In case of crossing, the next objective would be the support located at 1.5879 CAD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.9

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 hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The GBP/CAD rating is 1.6805 CAD. The price is lower by -1.29% since the last closing with the lowest point at 1.6693 CAD and the highest point at 1.7172 CAD. The deviation from the price is +0.67% for the low point and -2.14% for the high point.

1.6693
1.7172
1.6805

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GBP/CAD:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Abnormal volumes on GBP/CAD were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days

Technical


Technical analysis of this Daily chart of GBP/CAD indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily


Support of channel is broken

Type : Bearish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.5879 1.6247 1.6607 1.6805 1.7032 1.7239 1.7482
Change (%) -5.51% -3.32% -1.18% - +1.35% +2.58% +4.03%
Change -0.0926 -0.0558 -0.0198 - +0.0227 +0.0434 +0.0677
Level Major Intermediate Major - Major Major Major



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
Standard1.64361.65851.68051.69541.71741.73231.7543
Camarilla1.69241.69571.69911.70251.70591.70931.7127
Woodie1.64721.66031.68411.69721.72101.73411.7579
Fibonacci1.65851.67261.68131.69541.70951.71821.7323


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.56491.60981.63671.68161.70851.75341.7803
Camarilla1.64401.65051.65711.66371.67031.67691.6834
Woodie1.55601.60531.62781.67711.69961.74891.7714
Fibonacci1.60981.63721.65411.68161.70901.72591.7534


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.65351.67781.69751.72181.74151.76581.7855
Camarilla1.70521.70921.71331.71731.72131.72541.7294
Woodie1.65131.67671.69531.72071.73931.76471.7833
Fibonacci1.67781.69461.70501.72181.73861.74901.7658

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 42.48
MACD (12,26,9): -0.0113
Directional Movement: -2.5951
AROON (14): -57.1429
DEMA (21): 1.6968
Parabolic SAR (0,02-0,02-0,2): 1.7630
Elder Ray (13): -0.0084
Super Trend (3,10): 1.7746
Zig ZAG (10): 1.6800
VORTEX (21): 0.9002
Stochastique (14,3,5): 21.63
TEMA (21): 1.6851
Williams %R (14): -82.98
Chande Momentum Oscillator (20): -0.1057
Repulse (5,40,3): -1.7235
ROCnROLL: 2
TRIX (15,9): -0.0367
Courbe Coppock: 5.20
MA7: 1.6855
MA20: 1.7180
MA50: 1.7189
MA100: 1.7171
MAexp7: 1.6908
MAexp20: 1.7084
MAexp50: 1.7148
MAexp100: 1.7097
Price / MA7: -0.30%
Price / MA20: -2.18%
Price / MA50: -2.23%
Price / MA100: -2.13%
Price / MAexp7: -0.62%
Price / MAexp20: -1.64%
Price / MAexp50: -2.01%
Price / MAexp100: -1.71%

This member declared not having a position on this financial instrument or a related financial instrument.

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