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USD/CAD
USD CAD
47.08 CAD (-3.90%)
03/26/2025 - 17:59 Open Real time data - Forex
Open: 49.14
Change: -1.91
Volume: 1,995,417
Low: 46.94
High: 49.25
High / Low range: 2.31
Type: Forex
Ticker: USDCAD
ISIN:

USD/CAD - 15 min. - Technical analysis published on 08/07/2024 (GMT)

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  • 08/07/2024 - 02:01
Londinia
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  • Timeframe : 15 min.
  • - Analysis generated on 08/07/2024 - 02:01
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Neutral
Underlying: Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 1.3800 CAD
My targets
1.3744 CAD (-0.0037)
1.3701 CAD (-0.0080)
My analysis
With a strongly bearish trend, the price of USD/CAD is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.3800 CAD remains possible. It would be possible for traders to only trade short positions (for sale) on USD/CAD as long as the price remains well below 1.3800 CAD. The next bearish objective for sellers is set at 1.3744 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3701 CAD. In case of crossing, the next objective would be the support located at 1.3645 CAD.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5

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.

shadybhai
This analysis was given by shadybhai. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

USD/CAD rating 1.3781 CAD. On the day, this instrument lost -0.04% and was between 1.3775 CAD and 1.3791 CAD. This implies that the price is at +0.04% from its lowest and at -0.07% from its highest.

1.3775
1.3791
1.3781

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by USD/CAD:
Created with Raphaël 2.3.0-3036912January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of USD/CAD in 15 min. shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: this global trend is showing signs of running out of steam given the neutral signals of short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 15 minutes



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 15 minutes


Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.3598 1.3736 1.3757 1.3781 1.3793 1.3818 1.3839
Change (%) -1.33% -0.33% -0.17% - +0.09% +0.27% +0.42%
Change -0.0183 -0.0045 -0.0024 - +0.0012 +0.0037 +0.0058
Level Intermediate Intermediate Intermediate - Minor Intermediate Minor



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
Standard1.36451.37011.37441.38001.38431.38991.3942
Camarilla1.37601.37691.37781.37871.37961.38051.3814
Woodie1.36391.36981.37381.37971.38371.38961.3936
Fibonacci1.37011.37391.37621.38001.38381.38611.3899


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.37091.37481.38111.38501.39131.39521.4015
Camarilla1.38461.38551.38651.38741.38831.38931.3902
Woodie1.37211.37541.38231.38561.39251.39581.4027
Fibonacci1.37481.37871.38111.38501.38891.39131.3952


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.33671.34781.36431.37541.39191.40301.4195
Camarilla1.37321.37571.37831.38081.38331.38591.3884
Woodie1.33941.34921.36701.37681.39461.40441.4222
Fibonacci1.34781.35831.36491.37541.38591.39251.4030

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Created with Raphaël 2.3.0Sell7
Moving averages
Created with Raphaël 2.3.0Sell23

RSI (14): 46.46
MACD (12,26,9): -0.0001
Directional Movement: -0.4588
AROON (14): -14.2857
DEMA (21): 1.3779
Parabolic SAR (0,02-0,02-0,2): 1.3789
Elder Ray (13): -0.0001
Super Trend (3,10): 1.3787
Zig ZAG (10): 1.3779
VORTEX (21): 1.0325
Stochastique (14,3,5): 29.17
TEMA (21): 1.3782
Williams %R (14): -68.75
Chande Momentum Oscillator (20): -0.0004
Repulse (5,40,3): -0.0151
ROCnROLL: 2
TRIX (15,9): -0.0010
Courbe Coppock: 0.03
MA7: 1.3826
MA20: 1.3769
MA50: 1.3719
MA100: 1.3688
MAexp7: 1.3780
MAexp20: 1.3781
MAexp50: 1.3788
MAexp100: 1.3801
Price / MA7: -0.33%
Price / MA20: +0.09%
Price / MA50: +0.45%
Price / MA100: +0.68%
Price / MAexp7: +0.01%
Price / MAexp20: -0%
Price / MAexp50: -0.05%
Price / MAexp100: -0.14%

Quotes : 08/07/2024 - 02:01 - Real time data - Forex

News


The last news published on USD/CAD at the time of the generation of this analysis was as follows:

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

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Londinia
Londinia AI

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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…

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