CAD/USD FULL0625 - 15 min. - Technical analysis published on 05/20/2024 (GMT)
- 104
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.73467 USD
My targets
0.73608 USD (+0.11%)
0.73702 USD (+0.24%)
My analysis
CAD/USD FULL0624 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.73467 USD. The next resistance located at 0.73608 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.73702 USD. After this resistance, buyers could then target 0.73843 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.2
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 Barts_XV. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/USD FULL0624 rating is 0.73525 USD. The price registered an increase of +0.01% on the session and was traded between 0.73480 USD and 0.73545 USD over the period. The price is currently at +0.06% from its lowest and -0.03% from its highest.0.73480
0.73545
0.73525
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of CAD/USD FULL0624 indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.73090 | 0.73288 | 0.73395 | 0.73525 | 0.73529 | 0.73628 | 0.73743 |
| Change (%) | -0.59% | -0.32% | -0.18% | - | +0.01% | +0.14% | +0.30% |
| Change | -0.00435 | -0.00237 | -0.00130 | - | +0.00004 | +0.00103 | +0.00218 |
| Level | Intermediate | Major | 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 | 0.73138 | 0.73232 | 0.73373 | 0.73467 | 0.73608 | 0.73702 | 0.73843 |
| Camarilla | 0.73450 | 0.73472 | 0.73494 | 0.73515 | 0.73537 | 0.73558 | 0.73580 |
| Woodie | 0.73163 | 0.73244 | 0.73398 | 0.73479 | 0.73633 | 0.73714 | 0.73868 |
| Fibonacci | 0.73232 | 0.73321 | 0.73377 | 0.73467 | 0.73556 | 0.73612 | 0.73702 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.72628 | 0.72852 | 0.73183 | 0.73407 | 0.73738 | 0.73962 | 0.74293 |
| Camarilla | 0.73362 | 0.73413 | 0.73464 | 0.73515 | 0.73566 | 0.73617 | 0.73668 |
| Woodie | 0.72683 | 0.72879 | 0.73238 | 0.73434 | 0.73793 | 0.73989 | 0.74348 |
| Fibonacci | 0.72852 | 0.73064 | 0.73195 | 0.73407 | 0.73619 | 0.73750 | 0.73962 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.70103 | 0.71197 | 0.72093 | 0.73187 | 0.74083 | 0.75177 | 0.76073 |
| Camarilla | 0.72443 | 0.72625 | 0.72808 | 0.72990 | 0.73172 | 0.73355 | 0.73537 |
| Woodie | 0.70005 | 0.71148 | 0.71995 | 0.73138 | 0.73985 | 0.75128 | 0.75975 |
| Fibonacci | 0.71197 | 0.71957 | 0.72427 | 0.73187 | 0.73947 | 0.74417 | 0.75177 |
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): | 58.75 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 12.35083 | |
| AROON (14): | 42.85714 | |
| DEMA (21): | 0.73530 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.73488 | |
| Elder Ray (13): | 0.00019 | |
| Super Trend (3,10): | 0.73476 | |
| Zig ZAG (10): | 0.73540 | |
| VORTEX (21): | 1.0769 | |
| Stochastique (14,3,5): | 88.81 | |
| TEMA (21): | 0.73530 | |
| Williams %R (14): | -7.69 | |
| Chande Momentum Oscillator (20): | 0.00020 | |
| Repulse (5,40,3): | 0.0249 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0019 | |
| Courbe Coppock: | 0.05 |
| MA7: | 0.73394 | |
| MA20: | 0.73205 | |
| MA50: | 0.73423 | |
| MA100: | 0.73918 | |
| MAexp7: | 0.73525 | |
| MAexp20: | 0.73513 | |
| MAexp50: | 0.73492 | |
| MAexp100: | 0.73473 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | +0.44% | |
| Price / MA50: | +0.14% | |
| Price / MA100: | -0.53% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.07% |
Quotes :
-
10 min delayed data
-
CME Globex Futures
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CAD/USD FULL0625 - 15 min.