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 10/22/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

61%

33%

My opinion

Bearish under 1.8015 CAD

My targets

1.7942 CAD (-0.0029)

1.7903 CAD (-0.0068)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/CAD as long as the price remains well below 1.8015 CAD. The sellers' bearish objective is set at 1.7942 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.7903 CAD. In case of crossing, the next objective would be the support located at 1.7876 CAD.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

1.4

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 shadybhai. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/CAD rating is 1.7971 CAD. The price registered an increase of +0.06% on the session with the lowest point at 1.7956 CAD and the highest point at 1.7996 CAD. The deviation from the price is +0.08% for the low point and -0.14% for the high point.

1.7956

1.7996

1.7971

Here is a more detailed summary of the historical variations registered by GBP/CAD:

The Central Records scanner for higher/lower results shows the following items:

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 bearish trend. 64.29% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

In fact, 11 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back under -50

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 a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.7876	1.7903	1.7942	1.7971	1.7974	1.8015	1.8092
Change (%)	-0.53%	-0.38%	-0.16%	-	+0.02%	+0.24%	+0.67%
Change	-0.0095	-0.0068	-0.0029	-	+0.0003	+0.0044	+0.0121
Level	Minor	Minor	Intermediate	-	Minor	Intermediate	Major

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	1.7864	1.7908	1.7934	1.7978	1.8004	1.8048	1.8074
Camarilla	1.7941	1.7947	1.7954	1.7960	1.7966	1.7973	1.7979
Woodie	1.7855	1.7904	1.7925	1.7974	1.7995	1.8044	1.8065
Fibonacci	1.7908	1.7935	1.7951	1.7978	1.8005	1.8021	1.8048

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.7611	1.7729	1.7870	1.7988	1.8129	1.8247	1.8388
Camarilla	1.7941	1.7965	1.7988	1.8012	1.8036	1.8060	1.8083
Woodie	1.7624	1.7735	1.7883	1.7994	1.8142	1.8253	1.8401
Fibonacci	1.7729	1.7828	1.7889	1.7988	1.8087	1.8148	1.8247

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.7356	1.7525	1.7809	1.7978	1.8262	1.8431	1.8715
Camarilla	1.7969	1.8011	1.8053	1.8094	1.8136	1.8177	1.8219
Woodie	1.7415	1.7554	1.7868	1.8007	1.8321	1.8460	1.8774
Fibonacci	1.7525	1.7698	1.7805	1.7978	1.8151	1.8258	1.8431

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):	52.77
MACD (12,26,9):	-0.0004
Directional Movement:	1.7207
AROON (14):	-28.5714
DEMA (21):	1.7969
Parabolic SAR (0,02-0,02-0,2):	1.7961
Elder Ray (13):	0.0008
Super Trend (3,10):	1.8001
Zig ZAG (10):	1.7968
VORTEX (21):	0.9496
Stochastique (14,3,5):	78.77
TEMA (21):	1.7965
Williams %R (14):	-12.50
Chande Momentum Oscillator (20):	0.0016
Repulse (5,40,3):	0.0592
ROCnROLL:	1
TRIX (15,9):	-0.0060
Courbe Coppock:	0.11

MA7:	1.7974
MA20:	1.7949
MA50:	1.7869
MA100:	1.7709
MAexp7:	1.7974
MAexp20:	1.7976
MAexp50:	1.7978
MAexp100:	1.7972
Price / MA7:	-0.02%
Price / MA20:	+0.12%
Price / MA50:	+0.57%
Price / MA100:	+1.48%
Price / MAexp7:	-0.02%
Price / MAexp20:	-0.03%
Price / MAexp50:	-0.04%
Price / MAexp100:	-0.01%

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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