GBP/CAD - 1H - Technical analysis published on 09/04/2024 (GMT)
- 87
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Neutral
Technical indicators
22%
33%
44%
My opinion
Neutral between 1.7724 CAD and 1.7767 CAD
My targets
-
My analysis
The short-term and basic trend is neutral. In this situation, the price of GBP/CAD could just as easily move towards the first resistance as the first support. No statistical advantage is given for one of these levels to be achieved before the other. It will be necessary to create a new automated analysis when the conditions have progressed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below. The first resistance is located at 1.7767 CAD. The first support is located at 1.7724 CAD.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.
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.
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Additional analysis
Quotes
GBP/CAD rating 1.7748 CAD. On the day, this instrument lost -0.07% and was traded between 1.7743 CAD and 1.7765 CAD over the period. The price is currently at +0.03% from its lowest and -0.10% from its highest.1.7743
1.7765
1.7748
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/CAD chart shows a neutral trend. This generally neutral trend is confirmed by the neutral signals currently given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
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 | 1.7557 | 1.7683 | 1.7724 | 1.7748 | 1.7753 | 1.7767 | 1.7800 |
| Change (%) | -1.08% | -0.37% | -0.14% | - | +0.03% | +0.11% | +0.29% |
| Change | -0.0191 | -0.0065 | -0.0024 | - | +0.0005 | +0.0019 | +0.0052 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Major | Intermediate |
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 | 1.7647 | 1.7685 | 1.7723 | 1.7761 | 1.7799 | 1.7837 | 1.7875 |
| Camarilla | 1.7739 | 1.7746 | 1.7753 | 1.7760 | 1.7767 | 1.7774 | 1.7781 |
| Woodie | 1.7646 | 1.7685 | 1.7722 | 1.7761 | 1.7798 | 1.7837 | 1.7874 |
| Fibonacci | 1.7685 | 1.7714 | 1.7732 | 1.7761 | 1.7790 | 1.7808 | 1.7837 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7460 | 1.7572 | 1.7642 | 1.7754 | 1.7824 | 1.7936 | 1.8006 |
| Camarilla | 1.7663 | 1.7680 | 1.7696 | 1.7713 | 1.7730 | 1.7746 | 1.7763 |
| Woodie | 1.7440 | 1.7562 | 1.7622 | 1.7744 | 1.7804 | 1.7926 | 1.7986 |
| Fibonacci | 1.7572 | 1.7641 | 1.7684 | 1.7754 | 1.7823 | 1.7866 | 1.7936 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6997 | 1.7202 | 1.7458 | 1.7663 | 1.7919 | 1.8124 | 1.8380 |
| Camarilla | 1.7586 | 1.7629 | 1.7671 | 1.7713 | 1.7755 | 1.7798 | 1.7840 |
| Woodie | 1.7022 | 1.7215 | 1.7483 | 1.7676 | 1.7944 | 1.8137 | 1.8405 |
| Fibonacci | 1.7202 | 1.7378 | 1.7487 | 1.7663 | 1.7839 | 1.7948 | 1.8124 |
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): | 49.41 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 7.8055 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 1.7757 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7783 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 1.7732 | |
| Zig ZAG (10): | 1.7751 | |
| VORTEX (21): | 1.0688 | |
| Stochastique (14,3,5): | 37.84 | |
| TEMA (21): | 1.7755 | |
| Williams %R (14): | -68.29 | |
| Chande Momentum Oscillator (20): | 0.0007 | |
| Repulse (5,40,3): | -0.0038 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0032 | |
| Courbe Coppock: | 0.03 |
| MA7: | 1.7761 | |
| MA20: | 1.7710 | |
| MA50: | 1.7651 | |
| MA100: | 1.7474 | |
| MAexp7: | 1.7753 | |
| MAexp20: | 1.7753 | |
| MAexp50: | 1.7749 | |
| MAexp100: | 1.7752 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | +0.21% | |
| Price / MA50: | +0.55% | |
| Price / MA100: | +1.57% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.02% |
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 September 2, 2024
-
GBP/CAD Forecast August 29, 2024
-
GBP/CAD Forecast August 13, 2024
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
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