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 12/18/2024 (GMT)

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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 bearish
Underlying: Neutral
Technical indicators
11%
61%
28%
My opinion
Bearish under 1.8248 CAD
My targets
1.8155 CAD (-0.0026)
1.8096 CAD (-0.0085)
My analysis
The strong short-term decrease of GBP/CAD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 1.8248 CAD, a sale could be considered. The first bearish objective is located at 1.8155 CAD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 1.8096 CAD. If there is any crossing, the next objective would be support 1.8003 CAD. Caution, if there is a return to above 1.8248 CAD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
2.7

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

Additional analysis

Quotes

The GBP/CAD price is 1.8181 CAD. The price registered a decrease of -0.04% on the session with the lowest point at 1.8175 CAD and the highest point at 1.8230 CAD. The deviation from the price is +0.03% for the low point and -0.27% for the high point.

1.8175
1.8230
1.8181

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

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


A technical analysis in 15 min. of this GBP/CAD chart shows a neutral trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 15 minutes


Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 15 minutes



An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 15 minutes


Bullish harami cross

Type : Bullish

Timeframe : 15 minutes


Doji

Type : Neutral

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.7946 1.8004 1.8101 1.8181 1.8215 1.8590 1.9154
Change (%) -1.29% -0.97% -0.44% - +0.19% +2.25% +5.35%
Change -0.0235 -0.0177 -0.0080 - +0.0034 +0.0409 +0.0973
Level Intermediate Intermediate Major - Intermediate Minor Minor



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
Standard1.79441.80031.80961.81551.82481.83071.8400
Camarilla1.81461.81601.81741.81881.82021.82161.8230
Woodie1.79601.80121.81121.81641.82641.83161.8416
Fibonacci1.80031.80611.80971.81551.82131.82491.8307


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.77321.78391.79011.80081.80701.81771.8239
Camarilla1.79171.79321.79481.79631.79791.79941.8010
Woodie1.77101.78281.78791.79971.80481.81661.8217
Fibonacci1.78391.79041.79431.80081.80731.81121.8177


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.69261.72031.75181.77951.81101.83871.8702
Camarilla1.76711.77261.77801.78341.78881.79431.7997
Woodie1.69461.72131.75381.78051.81301.83971.8722
Fibonacci1.72031.74291.75691.77951.80211.81611.8387

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): 35.98
MACD (12,26,9): 0.0000
Directional Movement: 2.7653
AROON (14): -14.2857
DEMA (21): 1.8194
Parabolic SAR (0,02-0,02-0,2): 1.8228
Elder Ray (13): -0.0015
Super Trend (3,10): 1.8209
Zig ZAG (10): 1.8179
VORTEX (21): 0.9429
Stochastique (14,3,5): 12.61
TEMA (21): 1.8192
Williams %R (14): -92.59
Chande Momentum Oscillator (20): -0.0016
Repulse (5,40,3): -0.1170
ROCnROLL: 2
TRIX (15,9): 0.0016
Courbe Coppock: 0.03
MA7: 1.8084
MA20: 1.7896
MA50: 1.7917
MA100: 1.7858
MAexp7: 1.8191
MAexp20: 1.8193
MAexp50: 1.8188
MAexp100: 1.8165
Price / MA7: +0.54%
Price / MA20: +1.59%
Price / MA50: +1.47%
Price / MA100: +1.81%
Price / MAexp7: -0.05%
Price / MAexp20: -0.07%
Price / MAexp50: -0.04%
Price / MAexp100: +0.09%

Quotes : - Real time data - Forex

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

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