CAD/USD FULL0625 - Daily - Technical analysis published on 04/06/2022 (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
72%
0%
28%
My opinion
Bullish above 0.79053 USD
My targets
0.80730 USD (+0.87%)
0.81232 USD (+1.50%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/USD FULL0622 as long as the price remains well above 0.79053 USD. The buyers' bullish objective is set at 0.80730 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.81232 USD. If there is any crossing, the next objective would be the resistance located at 0.83080 USD. 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
0
10
8.4
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This analysis was given by Smurph77. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/USD FULL0622 rating is 0.80030 USD. The price is lower by -0.16% since the last closing and was between 0.79915 USD and 0.80085 USD. This implies that the price is at +0.14% from its lowest and at -0.07% from its highest.0.79915
0.80085
0.80030
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/USD FULL0622:
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
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this CAD/USD FULL0622 chart shows a strongly bullish trend. 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, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.77935 | 0.79053 | 0.79821 | 0.80030 | 0.80163 | 0.80730 | 0.81232 |
| Change (%) | -2.62% | -1.22% | -0.26% | - | +0.17% | +0.87% | +1.50% |
| Change | -0.02095 | -0.00977 | -0.00209 | - | +0.00133 | +0.00700 | +0.01202 |
| Level | Major | Intermediate | Intermediate | - | Major | 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 | 0.79272 | 0.79628 | 0.79892 | 0.80248 | 0.80512 | 0.80868 | 0.81132 |
| Camarilla | 0.79985 | 0.80041 | 0.80098 | 0.80155 | 0.80212 | 0.80269 | 0.80326 |
| Woodie | 0.79225 | 0.79605 | 0.79845 | 0.80225 | 0.80465 | 0.80845 | 0.81085 |
| Fibonacci | 0.79628 | 0.79865 | 0.80012 | 0.80248 | 0.80485 | 0.80632 | 0.80868 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.78348 | 0.78872 | 0.79388 | 0.79912 | 0.80428 | 0.80952 | 0.81468 |
| Camarilla | 0.79619 | 0.79714 | 0.79810 | 0.79905 | 0.80000 | 0.80096 | 0.80191 |
| Woodie | 0.78345 | 0.78870 | 0.79385 | 0.79910 | 0.80425 | 0.80950 | 0.81465 |
| Fibonacci | 0.78872 | 0.79269 | 0.79514 | 0.79912 | 0.80309 | 0.80554 | 0.80952 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.75215 | 0.76365 | 0.78135 | 0.79285 | 0.81055 | 0.82205 | 0.83975 |
| Camarilla | 0.79102 | 0.79370 | 0.79637 | 0.79905 | 0.80173 | 0.80440 | 0.80708 |
| Woodie | 0.75525 | 0.76520 | 0.78445 | 0.79440 | 0.81365 | 0.82360 | 0.84285 |
| Fibonacci | 0.76365 | 0.77480 | 0.78170 | 0.79285 | 0.80400 | 0.81090 | 0.82205 |
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): | 60.25 | |
| MACD (12,26,9): | 0.0039 | |
| Directional Movement: | 12.06724 | |
| AROON (14): | 92.85714 | |
| DEMA (21): | 0.80059 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.79728 | |
| Elder Ray (13): | 0.00204 | |
| Super Trend (3,10): | 0.78747 | |
| Zig ZAG (10): | 0.80015 | |
| VORTEX (21): | 1.2015 | |
| Stochastique (14,3,5): | 73.72 | |
| TEMA (21): | 0.80318 | |
| Williams %R (14): | -37.46 | |
| Chande Momentum Oscillator (20): | 0.00635 | |
| Repulse (5,40,3): | 0.1778 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0639 | |
| Courbe Coppock: | 3.45 |
| MA7: | 0.80055 | |
| MA20: | 0.79441 | |
| MA50: | 0.78904 | |
| MA100: | 0.78810 | |
| MAexp7: | 0.79997 | |
| MAexp20: | 0.79578 | |
| MAexp50: | 0.79173 | |
| MAexp100: | 0.79150 | |
| Price / MA7: | -0.03% | |
| Price / MA20: | +0.74% | |
| Price / MA50: | +1.43% | |
| Price / MA100: | +1.55% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.57% | |
| Price / MAexp50: | +1.08% | |
| Price / MAexp100: | +1.11% |
Quotes :
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10 min delayed data
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CME Globex Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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