USD/CAD - 15 min. - Technical analysis published on 08/19/2024 (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
Short term:
Bearish
Underlying:
Bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 1.3696 CAD
My targets
1.3656 CAD (-0.0010)
1.3632 CAD (-0.0034)
My analysis
There is a bearish trend on USD/CAD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 1.3696 CAD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 1.3656 CAD. Then the price could move towards 1.3632 CAD. Then 1.3592 CAD by extension. Be careful, a return to above the resistance 1.3696 CAD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.4
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This analysis was given by Muhahaha. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD price is 1.3666 CAD. The price is lower by -0.10% since the last closing with the lowest point at 1.3661 CAD and the highest point at 1.3688 CAD. The deviation from the price is +0.04% for the low point and -0.16% for the high point.1.3661
1.3688
1.3666
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/CAD in 15 min. shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.3454 | 1.3525 | 1.3640 | 1.3666 | 1.3695 | 1.3718 | 1.3735 |
| Change (%) | -1.55% | -1.03% | -0.19% | - | +0.21% | +0.38% | +0.50% |
| Change | -0.0212 | -0.0141 | -0.0026 | - | +0.0029 | +0.0052 | +0.0069 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3592 | 1.3632 | 1.3656 | 1.3696 | 1.3720 | 1.3760 | 1.3784 |
| Camarilla | 1.3661 | 1.3667 | 1.3673 | 1.3679 | 1.3685 | 1.3691 | 1.3697 |
| Woodie | 1.3583 | 1.3628 | 1.3647 | 1.3692 | 1.3711 | 1.3756 | 1.3775 |
| Fibonacci | 1.3632 | 1.3657 | 1.3672 | 1.3696 | 1.3721 | 1.3736 | 1.3760 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3577 | 1.3625 | 1.3652 | 1.3700 | 1.3727 | 1.3775 | 1.3802 |
| Camarilla | 1.3658 | 1.3665 | 1.3672 | 1.3679 | 1.3686 | 1.3693 | 1.3700 |
| Woodie | 1.3567 | 1.3620 | 1.3642 | 1.3695 | 1.3717 | 1.3770 | 1.3792 |
| Fibonacci | 1.3625 | 1.3654 | 1.3671 | 1.3700 | 1.3729 | 1.3746 | 1.3775 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3367 | 1.3478 | 1.3643 | 1.3754 | 1.3919 | 1.4030 | 1.4195 |
| Camarilla | 1.3732 | 1.3757 | 1.3783 | 1.3808 | 1.3833 | 1.3859 | 1.3884 |
| Woodie | 1.3394 | 1.3492 | 1.3670 | 1.3768 | 1.3946 | 1.4044 | 1.4222 |
| Fibonacci | 1.3478 | 1.3583 | 1.3649 | 1.3754 | 1.3859 | 1.3925 | 1.4030 |
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): | 39.89 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -11.0417 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 1.3675 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3681 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 1.3684 | |
| Zig ZAG (10): | 1.3667 | |
| VORTEX (21): | 1.0099 | |
| Stochastique (14,3,5): | 21.11 | |
| TEMA (21): | 1.3674 | |
| Williams %R (14): | -90.00 | |
| Chande Momentum Oscillator (20): | -0.0014 | |
| Repulse (5,40,3): | -0.0562 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0015 | |
| Courbe Coppock: | 0.09 |
| MA7: | 1.3711 | |
| MA20: | 1.3779 | |
| MA50: | 1.3723 | |
| MA100: | 1.3699 | |
| MAexp7: | 1.3672 | |
| MAexp20: | 1.3675 | |
| MAexp50: | 1.3676 | |
| MAexp100: | 1.3683 | |
| Price / MA7: | -0.33% | |
| Price / MA20: | -0.82% | |
| Price / MA50: | -0.42% | |
| Price / MA100: | -0.24% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.12% |
Quotes :
-
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:
-
USD/CAD Forecast August 15, 2024
-
USD/CAD Forecast August 13, 2024
-
USD/CAD Forecast August 12, 2024
-
USD/CAD Forecast August 8, 2024
-
USD/CAD Forecast July 31, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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