GBP/CAD - 1H - Technical analysis published on 12/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
39%
33%
My opinion
Bullish above 1.8101 CAD
My targets
1.8215 CAD (+0.0036)
1.8239 CAD (+0.0060)
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 1.8101 CAD. The buyers' bullish objective is set at 1.8215 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.8239 CAD. If there is any crossing, the next objective would be the resistance located at 1.8590 CAD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.6
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This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GBP/CAD rating 1.8179 CAD. The price is lower by -0.05% since the last closing and was traded between 1.8175 CAD and 1.8230 CAD over the period. The price is currently at +0.02% from its lowest and -0.28% from its highest.1.8175
1.8230
1.8179
Here is a more detailed summary of the historical variations registered by GBP/CAD:
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 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
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
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.7946 | 1.8004 | 1.8101 | 1.8179 | 1.8215 | 1.8590 | 1.9154 |
| Change (%) | -1.28% | -0.96% | -0.43% | - | +0.20% | +2.26% | +5.36% |
| Change | -0.0233 | -0.0175 | -0.0078 | - | +0.0036 | +0.0411 | +0.0975 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | 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 | 1.7944 | 1.8003 | 1.8096 | 1.8155 | 1.8248 | 1.8307 | 1.8400 |
| Camarilla | 1.8146 | 1.8160 | 1.8174 | 1.8188 | 1.8202 | 1.8216 | 1.8230 |
| Woodie | 1.7960 | 1.8012 | 1.8112 | 1.8164 | 1.8264 | 1.8316 | 1.8416 |
| Fibonacci | 1.8003 | 1.8061 | 1.8097 | 1.8155 | 1.8213 | 1.8249 | 1.8307 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.7732 | 1.7839 | 1.7901 | 1.8008 | 1.8070 | 1.8177 | 1.8239 |
| Camarilla | 1.7917 | 1.7932 | 1.7948 | 1.7963 | 1.7979 | 1.7994 | 1.8010 |
| Woodie | 1.7710 | 1.7828 | 1.7879 | 1.7997 | 1.8048 | 1.8166 | 1.8217 |
| Fibonacci | 1.7839 | 1.7904 | 1.7943 | 1.8008 | 1.8073 | 1.8112 | 1.8177 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.6926 | 1.7203 | 1.7518 | 1.7795 | 1.8110 | 1.8387 | 1.8702 |
| Camarilla | 1.7671 | 1.7726 | 1.7780 | 1.7834 | 1.7888 | 1.7943 | 1.7997 |
| Woodie | 1.6946 | 1.7213 | 1.7538 | 1.7805 | 1.8130 | 1.8397 | 1.8722 |
| Fibonacci | 1.7203 | 1.7429 | 1.7569 | 1.7795 | 1.8021 | 1.8161 | 1.8387 |
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): | 55.35 | |
| MACD (12,26,9): | 0.0024 | |
| Directional Movement: | 14.7224 | |
| AROON (14): | 0 | |
| DEMA (21): | 1.8211 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.8214 | |
| Elder Ray (13): | 0.0017 | |
| Super Trend (3,10): | 1.8158 | |
| Zig ZAG (10): | 1.8179 | |
| VORTEX (21): | 1.1516 | |
| Stochastique (14,3,5): | 45.33 | |
| TEMA (21): | 1.8206 | |
| Williams %R (14): | -92.59 | |
| Chande Momentum Oscillator (20): | -0.0007 | |
| Repulse (5,40,3): | -0.1993 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0241 | |
| Courbe Coppock: | 0.18 |
| MA7: | 1.8084 | |
| MA20: | 1.7896 | |
| MA50: | 1.7917 | |
| MA100: | 1.7858 | |
| MAexp7: | 1.8192 | |
| MAexp20: | 1.8175 | |
| MAexp50: | 1.8125 | |
| MAexp100: | 1.8082 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | +1.58% | |
| Price / MA50: | +1.46% | |
| Price / MA100: | +1.80% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.54% |
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 November 21, 2024
-
GBP/CAD Forecast October 14, 2024
-
GBP/CAD Forecast September 2, 2024
-
GBP/CAD Forecast August 29, 2024
-
GBP/CAD Forecast August 13, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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