USD/CAD
USD CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDCAD
ISIN:

USD/CAD - 1H - Technical analysis published on 02/22/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.3479 CAD
My targets
1.3691 CAD (+0.0148)
1.3752 CAD (+0.0209)
My analysis
The bullish trend is currently very strong on USD/CAD. As long as the price remains above the support at 1.3479 CAD, you could try to benefit from the boom. The first bullish objective is located at 1.3691 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.3752 CAD as an objective. Crossing it would then enable buyers to target 1.3881 CAD. 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.

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
8.6

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 Pietertjie. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

USD/CAD rating 1.3543 CAD. The price registered an increase of +0.07% on the session and was between 1.3527 CAD and 1.3545 CAD. This implies that the price is at +0.12% from its lowest and at -0.01% from its highest.

1.3527
1.3545
1.3543

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 USD/CAD in 1H shows a strongly overall bullish trend. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.3357 1.3449 1.3479 1.3543 1.3550 1.3752 1.3881
Change (%) -1.37% -0.69% -0.47% - +0.05% +1.54% +2.50%
Change -0.0186 -0.0094 -0.0064 - +0.0007 +0.0209 +0.0338
Level Minor Intermediate Minor - 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
Standard1.33581.34001.34661.35081.35741.36161.3682
Camarilla1.35031.35131.35231.35331.35431.35531.3563
Woodie1.33711.34061.34791.35141.35871.36221.3695
Fibonacci1.34001.34411.34661.35081.35491.35741.3616


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.30561.31651.33191.34281.35821.36911.3845
Camarilla1.34011.34251.34491.34731.34971.35211.3545
Woodie1.30791.31761.33421.34391.36051.37021.3868
Fibonacci1.31651.32661.33281.34281.35291.35911.3691


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.27901.30451.31761.34311.35621.38171.3948
Camarilla1.32021.32371.32731.33081.33431.33791.3414
Woodie1.27291.30141.31151.34001.35011.37861.3887
Fibonacci1.30451.31921.32831.34311.35781.36691.3817

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): 67.31
MACD (12,26,9): 0.0019
Directional Movement: 17.2976
AROON (14): 42.8571
DEMA (21): 1.3538
Parabolic SAR (0,02-0,02-0,2): 1.3508
Elder Ray (13): 0.0017
Super Trend (3,10): 1.3493
Zig ZAG (10): 1.3544
VORTEX (21): 1.1603
Stochastique (14,3,5): 89.52
TEMA (21): 1.3549
Williams %R (14): -4.76
Chande Momentum Oscillator (20): 0.0024
Repulse (5,40,3): 0.0811
ROCnROLL: 1
TRIX (15,9): 0.0180
Courbe Coppock: 0.93
MA7: 1.3458
MA20: 1.3397
MA50: 1.3464
MA100: 1.3513
MAexp7: 1.3535
MAexp20: 1.3515
MAexp50: 1.3491
MAexp100: 1.3469
Price / MA7: +0.63%
Price / MA20: +1.09%
Price / MA50: +0.59%
Price / MA100: +0.22%
Price / MAexp7: +0.06%
Price / MAexp20: +0.21%
Price / MAexp50: +0.39%
Price / MAexp100: +0.55%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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