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 09/24/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bullish

Technical indicators

39%

22%

39%

My opinion

Bullish above 1.7988 CAD

My targets

1.8089 CAD (+0.0048)

1.8258 CAD (+0.0217)

My analysis

The basic trend is bullish on GBP/CAD and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 1.7988 CAD. Sellers would then use the next support located at 1.7855 CAD as an objective. Crossing it would then enable sellers to target 1.7767 CAD. If there is a return to above the resistance located at 1.8089 CAD, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 1.8258 CAD and 1.8590 CAD by extension.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

2.3

Comment on the 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.

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

Additional analysis

Quotes

GBP/CAD rating 1.8041 CAD. On the day, this instrument lost -0.11% and was between 1.8035 CAD and 1.8079 CAD. This implies that the price is at +0.03% from its lowest and at -0.21% from its highest.

1.8035

1.8079

1.8041

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following results:

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 bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

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:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of triangle is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.7767	1.7855	1.7988	1.8041	1.8047	1.8089	1.8590
Change (%)	-1.52%	-1.03%	-0.29%	-	+0.03%	+0.27%	+3.04%
Change	-0.0274	-0.0186	-0.0053	-	+0.0006	+0.0048	+0.0549
Level	Major	Intermediate	Intermediate	-	Minor	Intermediate	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
Standard	1.7914	1.7951	1.8006	1.8043	1.8098	1.8135	1.8190
Camarilla	1.8035	1.8043	1.8052	1.8060	1.8068	1.8077	1.8085
Woodie	1.7922	1.7956	1.8014	1.8048	1.8106	1.8140	1.8198
Fibonacci	1.7951	1.7987	1.8008	1.8043	1.8079	1.8100	1.8135

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.7648	1.7738	1.7908	1.7998	1.8168	1.8258	1.8428
Camarilla	1.8006	1.8029	1.8053	1.8077	1.8101	1.8125	1.8149
Woodie	1.7687	1.7758	1.7947	1.8018	1.8207	1.8278	1.8467
Fibonacci	1.7738	1.7838	1.7899	1.7998	1.8098	1.8159	1.8258

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 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):	53.09
MACD (12,26,9):	0.0006
Directional Movement:	4.6037
AROON (14):	14.2857
DEMA (21):	1.8063
Parabolic SAR (0,02-0,02-0,2):	1.8016
Elder Ray (13):	0.0004
Super Trend (3,10):	1.8019
Zig ZAG (10):	1.8055
VORTEX (21):	1.1014
Stochastique (14,3,5):	62.12
TEMA (21):	1.8064
Williams %R (14):	-56.82
Chande Momentum Oscillator (20):	0.0002
Repulse (5,40,3):	-0.0906
ROCnROLL:	-1
TRIX (15,9):	0.0043
Courbe Coppock:	0.12

MA7:	1.8002
MA20:	1.7851
MA50:	1.7766
MA100:	1.7584
MAexp7:	1.8060
MAexp20:	1.8055
MAexp50:	1.8043
MAexp100:	1.8014
Price / MA7:	+0.22%
Price / MA20:	+1.06%
Price / MA50:	+1.55%
Price / MA100:	+2.60%
Price / MAexp7:	-0.11%
Price / MAexp20:	-0.08%
Price / MAexp50:	-0.01%
Price / MAexp100:	+0.15%

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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