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 10/21/2024 (GMT)
- 108
- 0
- 10/21/2024 - 09:59
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- Timeframe : 1H
- - Analysis generated on 10/21/2024 - 09:59
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.3801 CAD
My targets
1.3839 CAD (+0.0018)
1.3873 CAD (+0.0052)
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 1.3801 CAD. The buyers' bullish objective is set at 1.3839 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3873 CAD. If there is any crossing, the next objective would be the resistance located at 1.4534 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
8.8
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 shadybhai. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/CAD rating 1.3821 CAD. The price has increased by +0.17% since the last closing and was traded between 1.3797 CAD and 1.3822 CAD over the period. The price is currently at +0.17% from its lowest and -0.01% from its highest.1.3797
1.3822
1.3821
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3785 | 1.3801 | 1.3819 | 1.3821 | 1.3839 | 1.3873 | 1.4534 |
| Change (%) | -0.26% | -0.14% | -0.01% | - | +0.13% | +0.38% | +5.16% |
| Change | -0.0036 | -0.0020 | -0.0002 | - | +0.0018 | +0.0052 | +0.0713 |
| Level | Major | Intermediate | Minor | - | Minor | Major | Intermediate |
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 | 1.3753 | 1.3769 | 1.3783 | 1.3799 | 1.3813 | 1.3829 | 1.3843 |
| Camarilla | 1.3789 | 1.3792 | 1.3794 | 1.3797 | 1.3800 | 1.3803 | 1.3805 |
| Woodie | 1.3752 | 1.3769 | 1.3782 | 1.3799 | 1.3812 | 1.3829 | 1.3842 |
| Fibonacci | 1.3769 | 1.3781 | 1.3788 | 1.3799 | 1.3811 | 1.3818 | 1.3829 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3658 | 1.3702 | 1.3750 | 1.3794 | 1.3842 | 1.3886 | 1.3934 |
| Camarilla | 1.3772 | 1.3780 | 1.3789 | 1.3797 | 1.3805 | 1.3814 | 1.3822 |
| Woodie | 1.3659 | 1.3703 | 1.3751 | 1.3795 | 1.3843 | 1.3887 | 1.3935 |
| Fibonacci | 1.3702 | 1.3738 | 1.3759 | 1.3794 | 1.3830 | 1.3851 | 1.3886 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3185 | 1.3302 | 1.3414 | 1.3531 | 1.3643 | 1.3760 | 1.3872 |
| Camarilla | 1.3463 | 1.3484 | 1.3505 | 1.3526 | 1.3547 | 1.3568 | 1.3589 |
| Woodie | 1.3183 | 1.3301 | 1.3412 | 1.3530 | 1.3641 | 1.3759 | 1.3870 |
| Fibonacci | 1.3302 | 1.3390 | 1.3444 | 1.3531 | 1.3619 | 1.3673 | 1.3760 |
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): | 64.11 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 11.8200 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 1.3815 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3808 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 1.3795 | |
| Zig ZAG (10): | 1.3818 | |
| VORTEX (21): | 1.1314 | |
| Stochastique (14,3,5): | 81.94 | |
| TEMA (21): | 1.3816 | |
| Williams %R (14): | -8.33 | |
| Chande Momentum Oscillator (20): | 0.0016 | |
| Repulse (5,40,3): | 0.0690 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0049 | |
| Courbe Coppock: | 0.17 |
| MA7: | 1.3788 | |
| MA20: | 1.3639 | |
| MA50: | 1.3599 | |
| MA100: | 1.3661 | |
| MAexp7: | 1.3814 | |
| MAexp20: | 1.3807 | |
| MAexp50: | 1.3799 | |
| MAexp100: | 1.3787 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | +1.33% | |
| Price / MA50: | +1.63% | |
| Price / MA100: | +1.17% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.25% |
Quotes :
10/21/2024 - 09:59
-
Real time data
-
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:
-
10/16/2024 - 15:41
USD/CAD Forecast October 17, 2024
-
10/03/2024 - 14:36
USD/CAD Forecast October 4, 2024
-
10/01/2024 - 16:33
USD/CAD Forecast October 2, 2024
-
09/26/2024 - 15:28
USD/CAD Forecast September 27, 2024
-
09/24/2024 - 18:04
USD/CAD Forecast September 25, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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