USD/CAD - 15 min. - Technical analysis published on 09/17/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 1.3169 CAD
My targets
1.3243 CAD (+0.0011)
1.3286 CAD (+0.0054)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/CAD as long as the price remains well above 1.3169 CAD. The buyers” bullish objective is set at 1.3243 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3286 CAD. If there is any crossing, the next objective would be the resistance located at 1.3330 CAD. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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This analysis was given by Ahmed93. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/CAD rating 1.3232 CAD. The price registered an increase of +0.40% on the session and was between 1.3180 CAD and 1.3237 CAD. This implies that the price is at +0.39% from its lowest and at -0.04% from its highest.1.3180
1.3237
1.3232
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of USD/CAD indicates that the overall trend is strongly bullish. 92.86% 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.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 15 minutes
Support of triangle is broken
Type : Bearish
Timeframe : 15 minutes
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 | 1.3187 | 1.3202 | 1.3216 | 1.3232 | 1.3260 | 1.3330 | 1.3642 |
| Change (%) | -0.34% | -0.23% | -0.12% | - | +0.21% | +0.74% | +3.10% |
| Change | -0.0045 | -0.0030 | -0.0016 | - | +0.0028 | +0.0098 | +0.0410 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | Major |
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 | 1.3064 | 1.3095 | 1.3138 | 1.3169 | 1.3212 | 1.3243 | 1.3286 |
| Camarilla | 1.3160 | 1.3166 | 1.3173 | 1.3180 | 1.3187 | 1.3194 | 1.3200 |
| Woodie | 1.3069 | 1.3098 | 1.3143 | 1.3172 | 1.3217 | 1.3246 | 1.3291 |
| Fibonacci | 1.3095 | 1.3124 | 1.3141 | 1.3169 | 1.3198 | 1.3215 | 1.3243 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2854 | 1.2951 | 1.3065 | 1.3162 | 1.3276 | 1.3373 | 1.3487 |
| Camarilla | 1.3120 | 1.3139 | 1.3159 | 1.3178 | 1.3197 | 1.3217 | 1.3236 |
| Woodie | 1.2862 | 1.2955 | 1.3073 | 1.3166 | 1.3284 | 1.3377 | 1.3495 |
| Fibonacci | 1.2951 | 1.3032 | 1.3082 | 1.3162 | 1.3243 | 1.3293 | 1.3373 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2456 | 1.2738 | 1.2888 | 1.3170 | 1.3320 | 1.3602 | 1.3752 |
| Camarilla | 1.2920 | 1.2960 | 1.2999 | 1.3039 | 1.3079 | 1.3118 | 1.3158 |
| Woodie | 1.2391 | 1.2705 | 1.2823 | 1.3137 | 1.3255 | 1.3569 | 1.3687 |
| Fibonacci | 1.2738 | 1.2903 | 1.3005 | 1.3170 | 1.3335 | 1.3437 | 1.3602 |
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): | 70.15 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | 21.4772 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.3236 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3230 | |
| Elder Ray (13): | 0.0007 | |
| Super Trend (3,10): | 1.3210 | |
| Zig ZAG (10): | 1.3233 | |
| VORTEX (21): | 1.3146 | |
| Stochastique (14,3,5): | 92.15 | |
| TEMA (21): | 1.3241 | |
| Williams %R (14): | -7.89 | |
| Chande Momentum Oscillator (20): | 0.0019 | |
| Repulse (5,40,3): | 0.0441 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0150 | |
| Courbe Coppock: | 0.47 |
| MA7: | 1.3187 | |
| MA20: | 1.3145 | |
| MA50: | 1.3286 | |
| MA100: | 1.3507 | |
| MAexp7: | 1.3232 | |
| MAexp20: | 1.3219 | |
| MAexp50: | 1.3200 | |
| MAexp100: | 1.3189 | |
| Price / MA7: | +0.34% | |
| Price / MA20: | +0.66% | |
| Price / MA50: | -0.41% | |
| Price / MA100: | -2.04% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +0.33% |
Quotes :
2020-09-17 04:57:56
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Real time data
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Forex
News
Don"t forget to follow the news on USD/CAD. At the time of publication of this analysis, the latest news was as follows:
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This member declared not having a position on this financial instrument or a related financial instrument.
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