GBP/CAD

- CAD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	GBPCAD
ISIN:

GBP/CAD - Daily - Technical analysis published on 12/31/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

28%

22%

50%

My opinion

Bullish above 1.7864 CAD

My targets

1.8101 CAD (+0.0086)

1.8590 CAD (+0.0575)

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 1.7864 CAD. The buyers' bullish objective is set at 1.8101 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.8590 CAD. If there is any crossing, the next objective would be the resistance located at 1.9154 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

5.2

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

The GBP/CAD rating is 1.8015 CAD. The price registered an increase of +0.04% on the session with the lowest point at 1.7998 CAD and the highest point at 1.8056 CAD. The deviation from the price is +0.09% for the low point and -0.23% for the high point.

1.7998

1.8056

1.8015

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this GBP/CAD chart shows a strongly 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 market scanner currently does not detect any result that concerns moving averages.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 9 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.7520	1.7767	1.7864	1.8015	1.8101	1.8590	1.9154
Change (%)	-2.75%	-1.38%	-0.84%	-	+0.48%	+3.19%	+6.32%
Change	-0.0495	-0.0248	-0.0151	-	+0.0086	+0.0575	+0.1139
Level	Intermediate	Intermediate	Intermediate	-	Major	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	1.7800	1.7895	1.7951	1.8046	1.8102	1.8197	1.8253
Camarilla	1.7966	1.7979	1.7993	1.8007	1.8021	1.8035	1.8049
Woodie	1.7781	1.7885	1.7932	1.8036	1.8083	1.8187	1.8234
Fibonacci	1.7895	1.7953	1.7988	1.8046	1.8104	1.8139	1.8197

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.7851	1.7916	1.8021	1.8086	1.8191	1.8256	1.8361
Camarilla	1.8080	1.8096	1.8111	1.8127	1.8143	1.8158	1.8174
Woodie	1.7872	1.7926	1.8042	1.8096	1.8212	1.8266	1.8382
Fibonacci	1.7916	1.7981	1.8021	1.8086	1.8151	1.8191	1.8256

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	53.27
MACD (12,26,9):	0.0047
Directional Movement:	6.3247
AROON (14):	28.5714
DEMA (21):	1.8073
Parabolic SAR (0,02-0,02-0,2):	1.8184
Elder Ray (13):	-0.0011
Super Trend (3,10):	1.7862
Zig ZAG (10):	1.8043
VORTEX (21):	1.1010
Stochastique (14,3,5):	39.37
TEMA (21):	1.8090
Williams %R (14):	-66.55
Chande Momentum Oscillator (20):	0.0022
Repulse (5,40,3):	-0.0154
ROCnROLL:	-1
TRIX (15,9):	0.0446
Courbe Coppock:	0.72

MA7:	1.8045
MA20:	1.8030
MA50:	1.7927
MA100:	1.7895
MAexp7:	1.8048
MAexp20:	1.8011
MAexp50:	1.7946
MAexp100:	1.7858
Price / MA7:	-0.17%
Price / MA20:	-0.08%
Price / MA50:	+0.49%
Price / MA100:	+0.67%
Price / MAexp7:	-0.18%
Price / MAexp20:	+0.02%
Price / MAexp50:	+0.38%
Price / MAexp100:	+0.88%

Quotes : - Real time data - Forex

News

The latest news and videos published on GBP/CAD at the time of the analysis were as follows:

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

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