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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 08/15/2024 (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 bullish
Underlying: Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 1.7557 CAD
My targets
1.7644 CAD (+0.0019)
1.7687 CAD (+0.0062)
My analysis
GBP/CAD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.7557 CAD. The next resistance located at 1.7644 CAD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.7687 CAD. After this resistance, buyers could then target 1.7728 CAD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
7.5

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.

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

Additional analysis

Quotes

The GBP/CAD rating is 1.7625 CAD. The price registered an increase of +0.20% on the session 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

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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


Technical analysis of GBP/CAD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



In fact, 12 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.75031.75421.75661.76051.76291.76681.7692
Camarilla1.75731.75791.75841.75901.75961.76021.7607
Woodie1.74961.75381.75591.76011.76221.76641.7685
Fibonacci1.75421.75661.75811.76051.76291.76441.7668


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.69971.72031.73631.75691.77291.79351.8095
Camarilla1.74231.74571.74911.75241.75581.75911.7625
Woodie1.69751.71921.73411.75581.77071.79241.8073
Fibonacci1.72031.73431.74291.75691.77091.77951.7935


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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 61.38
MACD (12,26,9): 0.0003
Directional Movement: 3.2164
AROON (14): 0
DEMA (21): 1.7611
Parabolic SAR (0,02-0,02-0,2): 1.7579
Elder Ray (13): 0.0009
Super Trend (3,10): 1.7631
Zig ZAG (10): 1.7626
VORTEX (21): 1.0535
Stochastique (14,3,5): 62.09
TEMA (21): 1.7611
Williams %R (14): -11.76
Chande Momentum Oscillator (20): 0.0024
Repulse (5,40,3): 0.1232
ROCnROLL: 1
TRIX (15,9): 0.0006
Courbe Coppock: 0.18
MA7: 1.7553
MA20: 1.7674
MA50: 1.7554
MA100: 1.7386
MAexp7: 1.7611
MAexp20: 1.7608
MAexp50: 1.7600
MAexp100: 1.7585
Price / MA7: +0.41%
Price / MA20: -0.28%
Price / MA50: +0.40%
Price / MA100: +1.37%
Price / MAexp7: +0.08%
Price / MAexp20: +0.10%
Price / MAexp50: +0.14%
Price / MAexp100: +0.23%

Quotes : - Real time data - Forex

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:

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

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Londinia
Londinia AI

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