CAD/USD FULL0325 - 1H - Technical analysis published on 04/14/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.79490 USD
My targets
0.79850 USD (+0.24%)
0.80160 USD (+0.63%)
My analysis
The bullish trend is currently very strong on CAD/USD FULL0622. As long as the price remains above the support at 0.79490 USD, you could try to benefit from the boom. The first bullish objective is located at 0.79850 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.80160 USD as an objective. Crossing it would then enable buyers to target 0.80605 USD. 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
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This analysis was given by Smurph77. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CAD/USD FULL0622 rating 0.79660 USD. The price has increased by +0.16% since the last closing with the lowest point at 0.79530 USD and the highest point at 0.79680 USD. The deviation from the price is +0.16% for the low point and -0.03% for the high point.0.79530
0.79680
0.79660
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Technical analysis of this 1H chart of CAD/USD FULL0622 indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.78965 | 0.79224 | 0.79490 | 0.79660 | 0.79850 | 0.80160 | 0.80605 |
| Change (%) | -0.87% | -0.55% | -0.21% | - | +0.24% | +0.63% | +1.19% |
| Change | -0.00695 | -0.00436 | -0.00170 | - | +0.00190 | +0.00500 | +0.00945 |
| Level | Major | Intermediate | Intermediate | - | Major | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.78327 | 0.78593 | 0.79082 | 0.79348 | 0.79837 | 0.80103 | 0.80592 |
| Camarilla | 0.79362 | 0.79432 | 0.79501 | 0.79570 | 0.79639 | 0.79708 | 0.79778 |
| Woodie | 0.78438 | 0.78649 | 0.79193 | 0.79404 | 0.79948 | 0.80159 | 0.80703 |
| Fibonacci | 0.78593 | 0.78882 | 0.79060 | 0.79348 | 0.79637 | 0.79815 | 0.80103 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.77583 | 0.78402 | 0.78968 | 0.79787 | 0.80353 | 0.81172 | 0.81738 |
| Camarilla | 0.79154 | 0.79281 | 0.79408 | 0.79535 | 0.79662 | 0.79789 | 0.79916 |
| Woodie | 0.77458 | 0.78339 | 0.78843 | 0.79724 | 0.80228 | 0.81109 | 0.81613 |
| Fibonacci | 0.78402 | 0.78931 | 0.79258 | 0.79787 | 0.80316 | 0.80643 | 0.81172 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 71.82 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 20.64055 | |
| AROON (14): | 78.57143 | |
| DEMA (21): | 0.79557 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.79325 | |
| Elder Ray (13): | 0.00182 | |
| Super Trend (3,10): | 0.79352 | |
| Zig ZAG (10): | 0.79670 | |
| VORTEX (21): | 1.1944 | |
| Stochastique (14,3,5): | 95.47 | |
| TEMA (21): | 0.79661 | |
| Williams %R (14): | -0.61 | |
| Chande Momentum Oscillator (20): | 0.00675 | |
| Repulse (5,40,3): | 0.1403 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0165 | |
| Courbe Coppock: | 1.34 |
| MA7: | 0.79489 | |
| MA20: | 0.79715 | |
| MA50: | 0.78993 | |
| MA100: | 0.78831 | |
| MAexp7: | 0.79573 | |
| MAexp20: | 0.79407 | |
| MAexp50: | 0.79302 | |
| MAexp100: | 0.79353 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | -0.07% | |
| Price / MA50: | +0.84% | |
| Price / MA100: | +1.05% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.32% | |
| Price / MAexp50: | +0.45% | |
| Price / MAexp100: | +0.39% |
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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