GBP/CAD - 15 min. - Technical analysis published on 08/15/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.7605 CAD
My targets
1.7668 CAD (+0.0043)
1.7692 CAD (+0.0067)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/CAD as long as the price remains well above 1.7605 CAD. The buyers' bullish objective is set at 1.7668 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.7692 CAD. If there is any crossing, the next objective would be the resistance located at 1.7728 CAD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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Additional analysis
Quotes
The GBP/CAD price is 1.7625 CAD. The price has increased by +0.20% since the last closing and was between 1.7579 CAD and 1.7630 CAD. This implies that the price is at +0.26% from its lowest and at -0.03% from its highest.1.7579
1.7630
1.7625
A study of price movements over other periods shows the following variations:
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 15 min. of this GBP/CAD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.7468 | 1.7514 | 1.7557 | 1.7625 | 1.7644 | 1.7687 | 1.7728 |
| Change (%) | -0.89% | -0.63% | -0.39% | - | +0.11% | +0.35% | +0.58% |
| Change | -0.0157 | -0.0111 | -0.0068 | - | +0.0019 | +0.0062 | +0.0103 |
| Level | Minor | Intermediate | Intermediate | - | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7503 | 1.7542 | 1.7566 | 1.7605 | 1.7629 | 1.7668 | 1.7692 |
| Camarilla | 1.7573 | 1.7579 | 1.7584 | 1.7590 | 1.7596 | 1.7602 | 1.7607 |
| Woodie | 1.7496 | 1.7538 | 1.7559 | 1.7601 | 1.7622 | 1.7664 | 1.7685 |
| Fibonacci | 1.7542 | 1.7566 | 1.7581 | 1.7605 | 1.7629 | 1.7644 | 1.7668 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6997 | 1.7203 | 1.7363 | 1.7569 | 1.7729 | 1.7935 | 1.8095 |
| Camarilla | 1.7423 | 1.7457 | 1.7491 | 1.7524 | 1.7558 | 1.7591 | 1.7625 |
| Woodie | 1.6975 | 1.7192 | 1.7341 | 1.7558 | 1.7707 | 1.7924 | 1.8073 |
| Fibonacci | 1.7203 | 1.7343 | 1.7429 | 1.7569 | 1.7709 | 1.7795 | 1.7935 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6832 | 1.7058 | 1.7401 | 1.7627 | 1.7970 | 1.8196 | 1.8539 |
| Camarilla | 1.7589 | 1.7641 | 1.7693 | 1.7745 | 1.7797 | 1.7849 | 1.7902 |
| Woodie | 1.6892 | 1.7087 | 1.7461 | 1.7656 | 1.8030 | 1.8225 | 1.8599 |
| Fibonacci | 1.7058 | 1.7275 | 1.7409 | 1.7627 | 1.7844 | 1.7978 | 1.8196 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.51 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 7.4734 | |
| AROON (14): | -7.1428 | |
| DEMA (21): | 1.7614 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7581 | |
| Elder Ray (13): | 0.0011 | |
| Super Trend (3,10): | 1.7584 | |
| Zig ZAG (10): | 1.7624 | |
| VORTEX (21): | 1.0174 | |
| Stochastique (14,3,5): | 88.24 | |
| TEMA (21): | 1.7615 | |
| Williams %R (14): | -11.76 | |
| Chande Momentum Oscillator (20): | 0.0037 | |
| Repulse (5,40,3): | 0.0616 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0003 | |
| Courbe Coppock: | 0.02 |
| MA7: | 1.7553 | |
| MA20: | 1.7674 | |
| MA50: | 1.7554 | |
| MA100: | 1.7386 | |
| MAexp7: | 1.7617 | |
| MAexp20: | 1.7611 | |
| MAexp50: | 1.7609 | |
| MAexp100: | 1.7606 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | -0.28% | |
| Price / MA50: | +0.40% | |
| Price / MA100: | +1.37% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.09% | |
| Price / MAexp100: | +0.11% |
Quotes :
-
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:
-
GBP/CAD Forecast August 13, 2024
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
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