USD/CAD

- CAD (-)

- Real time data - Forex

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Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	USDCAD
ISIN:

USD/CAD - 1H - Technical analysis published on 10/31/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

33%

My opinion

Bullish above 1.3873 CAD

My targets

1.3941 CAD (+0.0021)

1.4025 CAD (+0.0105)

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 1.3873 CAD. The buyers' bullish objective is set at 1.3941 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.4025 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

Comment on the analysis

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

The USD/CAD rating is 1.3920 CAD. The price has increased by +0.08% since the last closing and was traded between 1.3907 CAD and 1.3922 CAD over the period. The price is currently at +0.09% from its lowest and -0.01% from its highest.

1.3907

1.3922

1.3920

Here is a more detailed summary of the historical variations registered by USD/CAD:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

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. The overall trend is supported by the strong bullish signals from 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 bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

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

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	1.3843	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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	55.51
MACD (12,26,9):	0.0002
Directional Movement:	7.8105
AROON (14):	-28.5714
DEMA (21):	1.3916
Parabolic SAR (0,02-0,02-0,2):	1.3896
Elder Ray (13):	0.0005
Super Trend (3,10):	1.3899
Zig ZAG (10):	1.3920
VORTEX (21):	1.0612
Stochastique (14,3,5):	74.11
TEMA (21):	1.3915
Williams %R (14):	-7.41
Chande Momentum Oscillator (20):	0.0019
Repulse (5,40,3):	0.0294
ROCnROLL:	1
TRIX (15,9):	0.0005
Courbe Coppock:	0.00

MA7:	1.3888
MA20:	1.3793
MA50:	1.3634
MA100:	1.3674
MAexp7:	1.3917
MAexp20:	1.3914
MAexp50:	1.3908
MAexp100:	1.3894
Price / MA7:	+0.23%
Price / MA20:	+0.92%
Price / MA50:	+2.10%
Price / MA100:	+1.80%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.04%
Price / MAexp50:	+0.09%
Price / MAexp100:	+0.19%

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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