GBP/CAD - 15 min. - Technical analysis published on 06/20/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 1.6907 CAD
My targets
1.6862 CAD (-0.0014)
1.6822 CAD (-0.0054)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.6907 CAD remains possible. It is advisable to trade GBP/CAD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.6907 CAD. The next bearish objective for sellers is set at 1.6862 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.6822 CAD. In case of crossing, the next objective would be the support located at 1.6777 CAD. PS: if there is a bullish break in the resistance located at 1.6907 CAD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.6
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Additional analysis
Quotes
The GBP/CAD rating is 1.6876 CAD. On the day, this instrument lost -0.15% and was between 1.6843 CAD and 1.6930 CAD. This implies that the price is at +0.20% from its lowest and at -0.32% from its highest.1.6843
1.6930
1.6876
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/CAD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GBP/CAD in 15 min. shows an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by 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 on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.6703 | 1.6801 | 1.6873 | 1.6876 | 1.6908 | 1.6979 | 1.7131 |
| Change (%) | -1.03% | -0.44% | -0.02% | - | +0.19% | +0.61% | +1.51% |
| Change | -0.0173 | -0.0075 | -0.0003 | - | +0.0032 | +0.0103 | +0.0255 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6777 | 1.6822 | 1.6862 | 1.6907 | 1.6947 | 1.6992 | 1.7032 |
| Camarilla | 1.6878 | 1.6885 | 1.6893 | 1.6901 | 1.6909 | 1.6917 | 1.6924 |
| Woodie | 1.6774 | 1.6821 | 1.6859 | 1.6906 | 1.6944 | 1.6991 | 1.7029 |
| Fibonacci | 1.6822 | 1.6855 | 1.6875 | 1.6907 | 1.6940 | 1.6960 | 1.6992 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6479 | 1.6591 | 1.6755 | 1.6867 | 1.7031 | 1.7143 | 1.7307 |
| Camarilla | 1.6843 | 1.6868 | 1.6894 | 1.6919 | 1.6944 | 1.6970 | 1.6995 |
| Woodie | 1.6505 | 1.6604 | 1.6781 | 1.6880 | 1.7057 | 1.7156 | 1.7333 |
| Fibonacci | 1.6591 | 1.6696 | 1.6762 | 1.6867 | 1.6972 | 1.7038 | 1.7143 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6252 | 1.6484 | 1.6683 | 1.6915 | 1.7114 | 1.7346 | 1.7545 |
| Camarilla | 1.6765 | 1.6804 | 1.6844 | 1.6883 | 1.6923 | 1.6962 | 1.7002 |
| Woodie | 1.6237 | 1.6476 | 1.6668 | 1.6907 | 1.7099 | 1.7338 | 1.7530 |
| Fibonacci | 1.6484 | 1.6648 | 1.6750 | 1.6915 | 1.7079 | 1.7181 | 1.7346 |
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): | 39.79 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | -8.7538 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 1.6855 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.6875 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 1.6899 | |
| Zig ZAG (10): | 1.6856 | |
| VORTEX (21): | 0.9033 | |
| Stochastique (14,3,5): | 26.81 | |
| TEMA (21): | 1.6850 | |
| Williams %R (14): | -58.70 | |
| Chande Momentum Oscillator (20): | 0.0009 | |
| Repulse (5,40,3): | 0.0442 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0093 | |
| Courbe Coppock: | 0.27 |
| MA7: | 1.6856 | |
| MA20: | 1.6805 | |
| MA50: | 1.6831 | |
| MA100: | 1.6659 | |
| MAexp7: | 1.6861 | |
| MAexp20: | 1.6870 | |
| MAexp50: | 1.6885 | |
| MAexp100: | 1.6894 | |
| Price / MA7: | +0.12% | |
| Price / MA20: | +0.42% | |
| Price / MA50: | +0.27% | |
| Price / MA100: | +1.30% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.11% |
Quotes :
-
Real time data
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Forex
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
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Why I'm looking to buy GBPCAD: Coleman
-
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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