GBP/CAD - Daily - Technical analysis published on 12/18/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.8101 CAD
My targets
1.8590 CAD (+0.0413)
1.9154 CAD (+0.0977)
My analysis
The bullish trend is currently very strong on GBP/CAD. As long as the price remains above the support at 1.8101 CAD, you could try to benefit from the boom. The first bullish objective is located at 1.8590 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.9154 CAD as an objective. Crossing it would then enable buyers to target 2.0948 CAD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/CAD rating is 1.8177 CAD. The price is lower by -0.06% since the last closing with the lowest point at 1.8175 CAD and the highest point at 1.8230 CAD. The deviation from the price is +0.01% for the low point and -0.29% for the high point.1.8175
1.8230
1.8177
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 Daily shows a strongly overall bullish trend. 89.29% 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
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 : Daily
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.7767 | 1.7870 | 1.8101 | 1.8177 | 1.8590 | 1.9154 | 2.0948 |
| Change (%) | -2.26% | -1.69% | -0.42% | - | +2.27% | +5.37% | +15.24% |
| Change | -0.0410 | -0.0307 | -0.0076 | - | +0.0413 | +0.0977 | +0.2771 |
| Level | Intermediate | Intermediate | Major | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 64.99 | |
| MACD (12,26,9): | 0.0077 | |
| Directional Movement: | 15.4283 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 1.8054 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.7947 | |
| Elder Ray (13): | 0.0184 | |
| Super Trend (3,10): | 1.7896 | |
| Zig ZAG (10): | 1.8179 | |
| VORTEX (21): | 1.2178 | |
| Stochastique (14,3,5): | 90.90 | |
| TEMA (21): | 1.8132 | |
| Williams %R (14): | -10.37 | |
| Chande Momentum Oscillator (20): | 0.0400 | |
| Repulse (5,40,3): | 0.6280 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0310 | |
| Courbe Coppock: | 4.09 |
| MA7: | 1.8084 | |
| MA20: | 1.7896 | |
| MA50: | 1.7917 | |
| MA100: | 1.7858 | |
| MAexp7: | 1.8085 | |
| MAexp20: | 1.7973 | |
| MAexp50: | 1.7910 | |
| MAexp100: | 1.7827 | |
| Price / MA7: | +0.51% | |
| Price / MA20: | +1.57% | |
| Price / MA50: | +1.45% | |
| Price / MA100: | +1.79% | |
| Price / MAexp7: | +0.51% | |
| Price / MAexp20: | +1.14% | |
| Price / MAexp50: | +1.49% | |
| Price / MAexp100: | +1.96% |
Quotes :
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Real time data
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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:
-
GBP/CAD Forecast November 21, 2024
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GBP/CAD Forecast October 14, 2024
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GBP/CAD Forecast September 2, 2024
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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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