USD/CAD - 15 min. - Technical analysis published on 10/31/2024 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.3915 CAD
My targets
1.3935 CAD (+0.0015)
1.3961 CAD (+0.0041)
My analysis
USD/CAD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.3915 CAD. The next resistance located at 1.3935 CAD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.3961 CAD. After this resistance, buyers could then target 1.3981 CAD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.4
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This analysis was given by shadybhai. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/CAD rating 1.3920 CAD. The price has increased by +0.08% since the last closing with the lowest point at 1.3907 CAD and the highest point at 1.3922 CAD. The deviation from the price is +0.09% for the low point and -0.01% for the high point.1.3907
1.3922
1.3920
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
A technical analysis in 15 min. of this USD/CAD chart shows a bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3850 | 1.3873 | 1.3909 | 1.3920 | 1.3930 | 1.3941 | 1.4534 |
| Change (%) | -0.50% | -0.34% | -0.08% | - | +0.07% | +0.15% | +4.41% |
| Change | -0.0070 | -0.0047 | -0.0011 | - | +0.0010 | +0.0021 | +0.0614 |
| Level | Minor | Major | Minor | - | Minor | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3843 | 1.3869 | 1.3889 | 1.3915 | 1.3935 | 1.3961 | 1.3981 |
| Camarilla | 1.3896 | 1.3901 | 1.3905 | 1.3909 | 1.3913 | 1.3917 | 1.3922 |
| Woodie | 1.3840 | 1.3868 | 1.3886 | 1.3914 | 1.3932 | 1.3960 | 1.3978 |
| Fibonacci | 1.3869 | 1.3887 | 1.3897 | 1.3915 | 1.3933 | 1.3943 | 1.3961 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3725 | 1.3761 | 1.3825 | 1.3861 | 1.3925 | 1.3961 | 1.4025 |
| Camarilla | 1.3862 | 1.3871 | 1.3880 | 1.3889 | 1.3898 | 1.3907 | 1.3917 |
| Woodie | 1.3739 | 1.3768 | 1.3839 | 1.3868 | 1.3939 | 1.3968 | 1.4039 |
| Fibonacci | 1.3761 | 1.3799 | 1.3823 | 1.3861 | 1.3899 | 1.3923 | 1.3961 |
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 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): | 62.21 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 12.1684 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 1.3920 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3912 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 1.3910 | |
| Zig ZAG (10): | 1.3920 | |
| VORTEX (21): | 1.1711 | |
| Stochastique (14,3,5): | 86.78 | |
| TEMA (21): | 1.3921 | |
| Williams %R (14): | -22.22 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | 0.0089 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0031 | |
| Courbe Coppock: | 0.08 |
| MA7: | 1.3888 | |
| MA20: | 1.3793 | |
| MA50: | 1.3634 | |
| MA100: | 1.3674 | |
| MAexp7: | 1.3919 | |
| MAexp20: | 1.3916 | |
| MAexp50: | 1.3913 | |
| MAexp100: | 1.3912 | |
| Price / MA7: | +0.23% | |
| Price / MA20: | +0.92% | |
| Price / MA50: | +2.10% | |
| Price / MA100: | +1.80% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.06% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on USD/CAD at the time of the analysis were as follows:
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USD/CAD Forecast October 17, 2024
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USD/CAD Forecast October 4, 2024
-
USD/CAD Forecast October 2, 2024
-
USD/CAD Forecast September 27, 2024
-
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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