CAD/USD FULL0625 - 15 min. - Technical analysis published on 05/22/2024 (GMT)
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- 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:
Slightly bearish
Technical indicators
61%
11%
28%
My opinion
Bullish above 0.73302 USD
My targets
0.73453 USD (+0.15%)
0.73632 USD (+0.39%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for CAD/USD FULL0624 as long as the price remains well above 0.73302 USD. The buyers' bullish objective is set at 0.73453 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.73632 USD. If there is any crossing, the next objective would be the resistance located at 0.73783 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.73453 USD. On this resistance, against the trend traders who would like to go short on CAD/USD FULL0624 with a bearish signal from their trading strategy, should not hesitate to act.
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
2
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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 FULL0624 price is 0.73345 USD. The price registered an increase of +0.10% on the session and was between 0.73305 USD and 0.73365 USD. This implies that the price is at +0.05% from its lowest and at -0.03% from its highest.0.73305
0.73365
0.73345
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
A study of price movements over other periods shows the following variations:
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
A technical analysis in 15 min. of this CAD/USD FULL0624 chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 15 minutes
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
Bullish harami cross
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.72865 | 0.73090 | 0.73288 | 0.73345 | 0.73395 | 0.73529 | 0.73628 |
| Change (%) | -0.65% | -0.35% | -0.08% | - | +0.07% | +0.25% | +0.39% |
| Change | -0.00480 | -0.00255 | -0.00057 | - | +0.00050 | +0.00184 | +0.00283 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.72793 | 0.72972 | 0.73123 | 0.73302 | 0.73453 | 0.73632 | 0.73783 |
| Camarilla | 0.73184 | 0.73215 | 0.73245 | 0.73275 | 0.73305 | 0.73336 | 0.73366 |
| Woodie | 0.72780 | 0.72965 | 0.73110 | 0.73295 | 0.73440 | 0.73625 | 0.73770 |
| Fibonacci | 0.72972 | 0.73098 | 0.73176 | 0.73302 | 0.73428 | 0.73506 | 0.73632 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.85 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 12.46021 | |
| AROON (14): | 42.85715 | |
| DEMA (21): | 0.73337 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.73236 | |
| Elder Ray (13): | 0.00020 | |
| Super Trend (3,10): | 0.73303 | |
| Zig ZAG (10): | 0.73345 | |
| VORTEX (21): | 1.0897 | |
| Stochastique (14,3,5): | 80.00 | |
| TEMA (21): | 0.73358 | |
| Williams %R (14): | -15.00 | |
| Chande Momentum Oscillator (20): | 0.00060 | |
| Repulse (5,40,3): | -0.0110 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0011 | |
| Courbe Coppock: | 0.17 |
| MA7: | 0.73419 | |
| MA20: | 0.73217 | |
| MA50: | 0.73385 | |
| MA100: | 0.73873 | |
| MAexp7: | 0.73346 | |
| MAexp20: | 0.73326 | |
| MAexp50: | 0.73329 | |
| MAexp100: | 0.73355 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | +0.17% | |
| Price / MA50: | -0.05% | |
| Price / MA100: | -0.71% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | -0.01% |
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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