GBP/CAD - Daily - Technical analysis published on 03/25/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
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
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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 1.6805 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.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/CAD:
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:
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:
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 1.6436 | 1.6585 | 1.6805 | 1.6954 | 1.7174 | 1.7323 | 1.7543 |
Camarilla | 1.6924 | 1.6957 | 1.6991 | 1.7025 | 1.7059 | 1.7093 | 1.7127 |
Woodie | 1.6472 | 1.6603 | 1.6841 | 1.6972 | 1.7210 | 1.7341 | 1.7579 |
Fibonacci | 1.6585 | 1.6726 | 1.6813 | 1.6954 | 1.7095 | 1.7182 | 1.7323 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.5649 | 1.6098 | 1.6367 | 1.6816 | 1.7085 | 1.7534 | 1.7803 |
Camarilla | 1.6440 | 1.6505 | 1.6571 | 1.6637 | 1.6703 | 1.6769 | 1.6834 |
Woodie | 1.5560 | 1.6053 | 1.6278 | 1.6771 | 1.6996 | 1.7489 | 1.7714 |
Fibonacci | 1.6098 | 1.6372 | 1.6541 | 1.6816 | 1.7090 | 1.7259 | 1.7534 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.6535 | 1.6778 | 1.6975 | 1.7218 | 1.7415 | 1.7658 | 1.7855 |
Camarilla | 1.7052 | 1.7092 | 1.7133 | 1.7173 | 1.7213 | 1.7254 | 1.7294 |
Woodie | 1.6513 | 1.6767 | 1.6953 | 1.7207 | 1.7393 | 1.7647 | 1.7833 |
Fibonacci | 1.6778 | 1.6946 | 1.7050 | 1.7218 | 1.7386 | 1.7490 | 1.7658 |
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% |
News
Don"t forget to follow the news on GBP/CAD. At the time of publication of this analysis, the latest news 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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