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

USD/CAD - 15 min. - Technical analysis published on 10/28/2024 (GMT)

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Londinia
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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 1.3875 CAD
My targets
1.3911 CAD (+0.0020)
1.3934 CAD (+0.0043)
My analysis
With a bullish background trend, the price of USD/CAD is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 1.3875 CAD. A bullish break in the resistance located at 1.3911 CAD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 1.3934 CAD. Then 1.3970 CAD by extension. It would be safer to wait for a bullish break in the resistance located at 1.3911 CAD before allowing yourself to re trade long positions (at purchase) on USD/CAD. PS: if there is a bearish break in the support located at 1.3875 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.

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
2.1

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 1.3891 CAD. On the day, this instrument gained +0.01% with the lowest point at 1.3880 CAD and the highest point at 1.3906 CAD. The deviation from the price is +0.08% for the low point and -0.11% for the high point.

1.3880
1.3906
1.3891

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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 for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of USD/CAD indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 15 minutes



In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 15 minutes



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 1.3819 1.3856 1.3873 1.3891 1.4534
Change (%) -0.52% -0.25% -0.13% - +4.63%
Change -0.0072 -0.0035 -0.0018 - +0.0643
Level 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
Standard1.37931.38161.38521.38751.39111.39341.3970
Camarilla1.38731.38781.38841.38891.38941.39001.3905
Woodie1.38011.38191.38601.38781.39191.39371.3978
Fibonacci1.38161.38381.38521.38751.38971.39111.3934


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.37251.37611.38251.38611.39251.39611.4025
Camarilla1.38621.38711.38801.38891.38981.39071.3917
Woodie1.37391.37681.38391.38681.39391.39681.4039
Fibonacci1.37611.37991.38231.38611.38991.39231.3961


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.31851.33021.34141.35311.36431.37601.3872
Camarilla1.34631.34841.35051.35261.35471.35681.3589
Woodie1.31831.33011.34121.35301.36411.37591.3870
Fibonacci1.33021.33901.34441.35311.36191.36731.3760

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
Moving averages

RSI (14): 49.31
MACD (12,26,9): 0.0000
Directional Movement: 5.8458
AROON (14): 64.2857
DEMA (21): 1.3893
Parabolic SAR (0,02-0,02-0,2): 1.3886
Elder Ray (13): 0.0002
Super Trend (3,10): 1.3898
Zig ZAG (10): 1.3893
VORTEX (21): 0.9341
Stochastique (14,3,5): 73.33
TEMA (21): 1.3892
Williams %R (14): -33.33
Chande Momentum Oscillator (20): 0.0008
Repulse (5,40,3): -0.0021
ROCnROLL: 1
TRIX (15,9): -0.0014
Courbe Coppock: 0.01
MA7: 1.3846
MA20: 1.3734
MA50: 1.3616
MA100: 1.3669
MAexp7: 1.3893
MAexp20: 1.3893
MAexp50: 1.3892
MAexp100: 1.3883
Price / MA7: +0.33%
Price / MA20: +1.14%
Price / MA50: +2.02%
Price / MA100: +1.62%
Price / MAexp7: -0.01%
Price / MAexp20: -0.01%
Price / MAexp50: -0.01%
Price / MAexp100: +0.06%

Quotes : - Real time data - Forex

News


The latest news and videos published on USD/CAD at the time of the analysis were 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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