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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 - 15 min. - Technical analysis published on 09/16/2024 (GMT)

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Londinia
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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.7879 CAD
My targets
1.8066 CAD (+0.0160)
1.8380 CAD (+0.0474)
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 1.7879 CAD. The buyers' bullish objective is set at 1.8066 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.8380 CAD. If there is any crossing, the next objective would be the resistance located at 1.8590 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.9

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.

GCrow
This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

GBP/CAD rating 1.7906 CAD. The price has increased by +0.44% since the last closing and was traded between 1.7829 CAD and 1.7912 CAD over the period. The price is currently at +0.43% from its lowest and -0.03% from its highest.

1.7829
1.7912
1.7906

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
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


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GBP/CAD in 15 min. shows a strongly overall 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 15 minutes


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 15 minutes



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 15 minutes


Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.7781 1.7826 1.7855 1.7906 1.8590 1.9154 2.0948
Change (%) -0.70% -0.45% -0.28% - +3.82% +6.97% +16.99%
Change -0.0125 -0.0080 -0.0051 - +0.0684 +0.1248 +0.3042
Level Minor Intermediate Major - Minor Minor 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
Standard1.77701.77951.78121.78371.78541.78791.7896
Camarilla1.78171.78201.78241.78281.78321.78361.7840
Woodie1.77651.77931.78071.78351.78491.78771.7891
Fibonacci1.77951.78111.78211.78371.78531.78631.7879


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.75561.76251.77261.77951.78961.79651.8066
Camarilla1.77811.77971.78121.78281.78441.78591.7875
Woodie1.75731.76331.77431.78031.79131.79731.8083
Fibonacci1.76251.76901.77301.77951.78601.79001.7965


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.69971.72021.74581.76631.79191.81241.8380
Camarilla1.75861.76291.76711.77131.77551.77981.7840
Woodie1.70221.72151.74831.76761.79441.81371.8405
Fibonacci1.72021.73781.74871.76631.78391.79481.8124

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): 77.36
MACD (12,26,9): 0.0013
Directional Movement: 34.5455
AROON (14): 92.8571
DEMA (21): 1.7894
Parabolic SAR (0,02-0,02-0,2): 1.7878
Elder Ray (13): 0.0015
Super Trend (3,10): 1.7878
Zig ZAG (10): 1.7903
VORTEX (21): 1.3026
Stochastique (14,3,5): 96.69
TEMA (21): 1.7902
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 0.0041
Repulse (5,40,3): 0.0916
ROCnROLL: 1
TRIX (15,9): 0.0085
Courbe Coppock: 0.42
MA7: 1.7801
MA20: 1.7785
MA50: 1.7718
MA100: 1.7533
MAexp7: 1.7894
MAexp20: 1.7877
MAexp50: 1.7861
MAexp100: 1.7847
Price / MA7: +0.59%
Price / MA20: +0.68%
Price / MA50: +1.06%
Price / MA100: +2.13%
Price / MAexp7: +0.07%
Price / MAexp20: +0.16%
Price / MAexp50: +0.25%
Price / MAexp100: +0.33%

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.

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