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

GBP/CAD - 1H - Technical analysis published on 08/07/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 1.7557 CAD
My targets
1.7448 CAD (-0.0030)
1.7329 CAD (-0.0149)
My analysis
GBP/CAD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.7557 CAD. The next support located at 1.7448 CAD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.7329 CAD. Below this support, sellers could then target 1.7204 CAD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

GBP/CAD rating 1.7478 CAD. The price is lower by -0.06% since the last closing and was traded between 1.7478 CAD and 1.7516 CAD over the period. The price is currently at 0% from its lowest and -0.22% from its highest.

1.7478
1.7516
1.7478

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this GBP/CAD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 5 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.7204 1.7329 1.7468 1.7478 1.7557 1.7632 1.7727
Change (%) -1.57% -0.85% -0.06% - +0.45% +0.88% +1.42%
Change -0.0274 -0.0149 -0.0010 - +0.0079 +0.0154 +0.0249
Level Major Major Intermediate - Minor Minor 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
Standard1.72211.73451.74161.75401.76111.77351.7806
Camarilla1.74341.74521.74701.74881.75061.75241.7542
Woodie1.71961.73321.73911.75271.75861.77221.7781
Fibonacci1.73451.74191.74651.75401.76141.76601.7735


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.74481.75351.76501.77371.78521.79391.8054
Camarilla1.77111.77291.77481.77661.77851.78031.7822
Woodie1.74631.75421.76651.77441.78671.79461.8069
Fibonacci1.75351.76121.76601.77371.78141.78621.7939


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.68321.70581.74011.76271.79701.81961.8539
Camarilla1.75891.76411.76931.77451.77971.78491.7902
Woodie1.68921.70871.74611.76561.80301.82251.8599
Fibonacci1.70581.72751.74091.76271.78441.79781.8196

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): 33.69
MACD (12,26,9): -0.0027
Directional Movement: -12.7454
AROON (14): 85.7142
DEMA (21): 1.7477
Parabolic SAR (0,02-0,02-0,2): 1.7482
Elder Ray (13): -0.0006
Super Trend (3,10): 1.7558
Zig ZAG (10): 1.7488
VORTEX (21): 0.8695
Stochastique (14,3,5): 60.07
TEMA (21): 1.7482
Williams %R (14): -60.42
Chande Momentum Oscillator (20): 0.0002
Repulse (5,40,3): -0.1433
ROCnROLL: 2
TRIX (15,9): -0.0293
Courbe Coppock: 0.14
MA7: 1.7655
MA20: 1.7722
MA50: 1.7541
MA100: 1.7360
MAexp7: 1.7498
MAexp20: 1.7518
MAexp50: 1.7576
MAexp100: 1.7631
Price / MA7: -1.00%
Price / MA20: -1.38%
Price / MA50: -0.36%
Price / MA100: +0.68%
Price / MAexp7: -0.11%
Price / MAexp20: -0.23%
Price / MAexp50: -0.56%
Price / MAexp100: -0.87%

Quotes : - Real time data - Forex

News


The last news published on GBP/CAD at the time of the generation of this analysis was as follows:

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

About author

Londinia
Londinia AI

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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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