GBPCAD technical analysis

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{TAScore}

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{Buy}

{Sell}

{SCX-Moving Average}

{SCX-Oscillator}

{SCX-PivotPoints}

{VolumeTypeLots}

{VolumeTypeNotionalShort}

{S/L}

{T/P}

{Trail}

{Volume}

{S/L}

{T/P}

{Trail}

{Expiry}

{Comment}

{MagicNumber}

{OCA}

{Contingency}

{Volume}

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{SL} {$}

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{TP} {$}

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{Margin} {$}

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Technical analysis for GBPCAD

The analysis shows a variety of moving averages and oscillators, and an overall buy/sell score based on the combination of all the indicators. All the figures update live based on each new market tick.

The moving averages combine traditional calculations (EMA, SMA) with averages which are designed to respond more quickly to changes in price, and to track the current price more closely (Hull, Arnaud Legoux). The table is colour-coded based on whether the current price is above (bullish) or below (bearish) each moving average.

The oscillators track over-bought and over-sold conditions. For example, a value of 80+ on the Stochastic oscillator is traditionally regarded as an over-bought signal, and therefore bearish.

The technical analysis also shows daily pivot points using a variety of popular calculations. If the current price has breached a support level, then that is considered as bearish. Conversely, the analysis regards it as bullish if the price is above a resistance level.

You can change the periods which are used for moving averages, and for oscillators. Adding more moving averages will change their weight in the total score compared to the oscillators. Conversely, adding or removing oscillators will change their contribution to the overall score relative to the moving averages.

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About GBPCAD

The GBPCAD pair is the abbreviation of the British Pound against the Canadian Dollar. The Pound is the fourth most traded currency worldwide, with the Canadian Dollar in sixth place and they are the official currencies of two top ranking national economies. The GBP is the 4th most actively-traded currency in the foreign exchange market, after the US dollar, the euro, and the Japanese yen. It is also one of the world's major reserve currencies, with London being home to nearly 30% of all daily foreign exchange transactions. The Canadian Dollar is one of the 6 most traded currencies in the world. It's especially popular among top liquidity banks that choose it because of the country's economic soundness, strong governmental system, and political and legal stability.