USD/CAD - 1H - Technical analysis published on 02/19/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 1.3449 CAD
My targets
1.3550 CAD (+0.0065)
1.3691 CAD (+0.0206)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.3449 CAD remains possible. It is advisable to trade USD/CAD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.3449 CAD. The next bullish objective for buyers is set at 1.3550 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3691 CAD. If there is any crossing, the next objective would be the resistance located at 1.3752 CAD. PS: if there is a bearish break in the support located at 1.3449 CAD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.8
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This analysis was given by Pietertjie. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/CAD rating 1.3485 CAD. The price registered an increase of +0.09% on the session and was between 1.3468 CAD and 1.3486 CAD. This implies that the price is at +0.13% from its lowest and at -0.01% from its highest.1.3468
1.3486
1.3485
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
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 1H of this USD/CAD chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 5 are bullish, 9 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 1.3390 | 1.3449 | 1.3472 | 1.3485 | 1.3550 | 1.3752 | 1.3881 |
| Change (%) | -0.70% | -0.27% | -0.10% | - | +0.48% | +1.98% | +2.94% |
| Change | -0.0095 | -0.0036 | -0.0013 | - | +0.0065 | +0.0267 | +0.0396 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3373 | 1.3418 | 1.3446 | 1.3491 | 1.3519 | 1.3564 | 1.3592 |
| Camarilla | 1.3453 | 1.3460 | 1.3466 | 1.3473 | 1.3480 | 1.3486 | 1.3493 |
| Woodie | 1.3364 | 1.3414 | 1.3437 | 1.3487 | 1.3510 | 1.3560 | 1.3583 |
| Fibonacci | 1.3418 | 1.3446 | 1.3463 | 1.3491 | 1.3519 | 1.3536 | 1.3564 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3056 | 1.3165 | 1.3319 | 1.3428 | 1.3582 | 1.3691 | 1.3845 |
| Camarilla | 1.3401 | 1.3425 | 1.3449 | 1.3473 | 1.3497 | 1.3521 | 1.3545 |
| Woodie | 1.3079 | 1.3176 | 1.3342 | 1.3439 | 1.3605 | 1.3702 | 1.3868 |
| Fibonacci | 1.3165 | 1.3266 | 1.3328 | 1.3428 | 1.3529 | 1.3591 | 1.3691 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2790 | 1.3045 | 1.3176 | 1.3431 | 1.3562 | 1.3817 | 1.3948 |
| Camarilla | 1.3202 | 1.3237 | 1.3273 | 1.3308 | 1.3343 | 1.3379 | 1.3414 |
| Woodie | 1.2729 | 1.3014 | 1.3115 | 1.3400 | 1.3501 | 1.3786 | 1.3887 |
| Fibonacci | 1.3045 | 1.3192 | 1.3283 | 1.3431 | 1.3578 | 1.3669 | 1.3817 |
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): | 51.22 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 0.5057 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 1.3493 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3497 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 1.3532 | |
| Zig ZAG (10): | 1.3483 | |
| VORTEX (21): | 0.9901 | |
| Stochastique (14,3,5): | 20.00 | |
| TEMA (21): | 1.3482 | |
| Williams %R (14): | -77.14 | |
| Chande Momentum Oscillator (20): | -0.0037 | |
| Repulse (5,40,3): | 0.1119 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0120 | |
| Courbe Coppock: | 0.39 |
| MA7: | 1.3407 | |
| MA20: | 1.3382 | |
| MA50: | 1.3465 | |
| MA100: | 1.3514 | |
| MAexp7: | 1.3482 | |
| MAexp20: | 1.3483 | |
| MAexp50: | 1.3459 | |
| MAexp100: | 1.3432 | |
| Price / MA7: | +0.58% | |
| Price / MA20: | +0.77% | |
| Price / MA50: | +0.15% | |
| Price / MA100: | -0.21% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.39% |
Quotes :
-
Real time data
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Forex
News
The last news published on USD/CAD at the time of the generation of this analysis was as follows:
-
USD/CAD Forecast February 10, 2023
-
USD/CAD Forecast February 8, 2023
-
USD/CAD Forecast February 3, 2023
-
Technical Analysis: 03/02/2023 - USDCAD rebounds off 3-month low; looks oversold
-
USD/CAD Forecast February 2, 2023
This member declared not having a position on this financial instrument or a related financial instrument.
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