GBP/CAD

- CAD (-)

- Real time data - Forex

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Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	GBPCAD
ISIN:

GBP/CAD - 1H - Technical analysis published on 02/17/2025 (GMT)

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 1.7870 CAD

My targets

1.7922 CAD (+0.0024)

1.8029 CAD (+0.0131)

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 1.7870 CAD. The buyers' bullish objective is set at 1.7922 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.8029 CAD. If there is any crossing, the next objective would be the resistance located at 1.8101 CAD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.6

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 Danny121975. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/CAD rating is 1.7898 CAD. The price has increased by +0.26% since the last closing and was traded between 1.7830 CAD and 1.7909 CAD over the period. The price is currently at +0.38% from its lowest and -0.06% from its highest.

1.7830

1.7909

1.7898

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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 (1st january)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of GBP/CAD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.7767	1.7796	1.7870	1.7898	1.7922	1.8029	1.8101
Change (%)	-0.73%	-0.57%	-0.16%	-	+0.13%	+0.73%	+1.13%
Change	-0.0131	-0.0102	-0.0028	-	+0.0024	+0.0131	+0.0203
Level	Major	Intermediate	Intermediate	-	Minor	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.7720	1.7758	1.7805	1.7843	1.7890	1.7928	1.7975
Camarilla	1.7829	1.7836	1.7844	1.7852	1.7860	1.7868	1.7875
Woodie	1.7725	1.7760	1.7810	1.7845	1.7895	1.7930	1.7980
Fibonacci	1.7758	1.7791	1.7811	1.7843	1.7876	1.7896	1.7928

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.7520	1.7598	1.7725	1.7803	1.7930	1.8008	1.8135
Camarilla	1.7796	1.7814	1.7833	1.7852	1.7871	1.7890	1.7908
Woodie	1.7545	1.7610	1.7750	1.7815	1.7955	1.8020	1.8160
Fibonacci	1.7598	1.7676	1.7725	1.7803	1.7881	1.7930	1.8008

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.6943	1.7201	1.7613	1.7871	1.8283	1.8541	1.8953
Camarilla	1.7842	1.7903	1.7965	1.8026	1.8087	1.8149	1.8210
Woodie	1.7021	1.7240	1.7691	1.7910	1.8361	1.8580	1.9031
Fibonacci	1.7201	1.7457	1.7615	1.7871	1.8127	1.8285	1.8541

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):	69.43
MACD (12,26,9):	0.0014
Directional Movement:	20.3713
AROON (14):	85.7142
DEMA (21):	1.7887
Parabolic SAR (0,02-0,02-0,2):	1.7868
Elder Ray (13):	0.0024
Super Trend (3,10):	1.7849
Zig ZAG (10):	1.7899
VORTEX (21):	1.1486
Stochastique (14,3,5):	90.91
TEMA (21):	1.7892
Williams %R (14):	-14.47
Chande Momentum Oscillator (20):	0.0043
Repulse (5,40,3):	0.0933
ROCnROLL:	1
TRIX (15,9):	0.0080
Courbe Coppock:	0.44

MA7:	1.7803
MA20:	1.7851
MA50:	1.7884
MA100:	1.7885
MAexp7:	1.7886
MAexp20:	1.7870
MAexp50:	1.7850
MAexp100:	1.7833
Price / MA7:	+0.53%
Price / MA20:	+0.26%
Price / MA50:	+0.08%
Price / MA100:	+0.07%
Price / MAexp7:	+0.07%
Price / MAexp20:	+0.16%
Price / MAexp50:	+0.27%
Price / MAexp100:	+0.36%

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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