GBP/CAD - 15 min. - Technical analysis published on 03/11/2024 (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
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
39%
39%
My opinion
Bearish under 1.7389 CAD
My targets
1.7297 CAD (-0.0025)
1.7250 CAD (-0.0072)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for GBP/CAD as long as the price remains well below 1.7389 CAD. The next bearish objective for sellers is set at 1.7297 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.7250 CAD. In case of crossing, the next objective would be the support located at 1.7158 CAD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 1.7297 CAD. With this support, against the trend traders who want to buy GBP/CAD on a buy signal from their trading strategy should not hesitate to act.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
1.3
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This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/CAD rating 1.7322 CAD. The price registered a decrease of -0.11% on the session and was between 1.7321 CAD and 1.7349 CAD. This implies that the price is at +0.01% from its lowest and at -0.16% from its highest.1.7321
1.7349
1.7322
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/CAD:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this GBP/CAD chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
On the 18 technical indicators analysed, 4 are bullish, 7 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
RSI indicator is back under 50
Type : Bearish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.7220 | 1.7294 | 1.7321 | 1.7322 | 1.7338 | 1.7767 | 1.8590 |
| Change (%) | -0.59% | -0.16% | -0.01% | - | +0.09% | +2.57% | +7.32% |
| Change | -0.0102 | -0.0028 | -0.0001 | - | +0.0016 | +0.0445 | +0.1268 |
| Level | Major | Intermediate | Intermediate | - | Minor | Major | Minor |
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 | 1.7111 | 1.7158 | 1.7250 | 1.7297 | 1.7389 | 1.7436 | 1.7528 |
| Camarilla | 1.7303 | 1.7316 | 1.7328 | 1.7341 | 1.7354 | 1.7367 | 1.7379 |
| Woodie | 1.7133 | 1.7169 | 1.7272 | 1.7308 | 1.7411 | 1.7447 | 1.7550 |
| Fibonacci | 1.7158 | 1.7211 | 1.7244 | 1.7297 | 1.7350 | 1.7383 | 1.7436 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7007 | 1.7076 | 1.7208 | 1.7277 | 1.7409 | 1.7478 | 1.7610 |
| Camarilla | 1.7286 | 1.7304 | 1.7323 | 1.7341 | 1.7359 | 1.7378 | 1.7396 |
| Woodie | 1.7040 | 1.7092 | 1.7241 | 1.7293 | 1.7442 | 1.7494 | 1.7643 |
| Fibonacci | 1.7076 | 1.7152 | 1.7200 | 1.7277 | 1.7353 | 1.7401 | 1.7478 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6666 | 1.6795 | 1.6963 | 1.7092 | 1.7260 | 1.7389 | 1.7557 |
| Camarilla | 1.7050 | 1.7078 | 1.7105 | 1.7132 | 1.7159 | 1.7187 | 1.7214 |
| Woodie | 1.6687 | 1.6805 | 1.6984 | 1.7102 | 1.7281 | 1.7399 | 1.7578 |
| Fibonacci | 1.6795 | 1.6908 | 1.6978 | 1.7092 | 1.7205 | 1.7275 | 1.7389 |
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): | 41.51 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -6.1725 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 1.7328 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7333 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 1.7316 | |
| Zig ZAG (10): | 1.7323 | |
| VORTEX (21): | 0.9407 | |
| Stochastique (14,3,5): | 41.92 | |
| TEMA (21): | 1.7325 | |
| Williams %R (14): | -83.33 | |
| Chande Momentum Oscillator (20): | -0.0002 | |
| Repulse (5,40,3): | -0.0432 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0009 | |
| Courbe Coppock: | 0.01 |
| MA7: | 1.7252 | |
| MA20: | 1.7136 | |
| MA50: | 1.7077 | |
| MA100: | 1.7027 | |
| MAexp7: | 1.7327 | |
| MAexp20: | 1.7328 | |
| MAexp50: | 1.7324 | |
| MAexp100: | 1.7305 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | +1.09% | |
| Price / MA50: | +1.43% | |
| Price / MA100: | +1.73% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | +0.10% |
Quotes :
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Real time data
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Forex
News
The last news published on GBP/CAD at the time of the generation of this analysis was as follows:
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GBPCAD Sports a Trend That Belies Uncertainty and High Risk of Volatility (Quick Take Video)
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Webinar: Central Bank Weekly: GBP, CAD Rebound as BOE, BOC Rate Hike Odds Rise: 7/5/18
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Why I'm looking to buy GBPCAD: Coleman
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Oil & Brexit GBP CAD
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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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