USD/CAD

- CAD (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	USDCAD
ISIN:

USD/CAD - 1H - Technical analysis published on 05/20/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Neutral

Technical indicators

72%

11%

17%

My opinion

Neutral between 1.3607 CAD and 1.3660 CAD

My targets

My analysis

The basic trend is neutral and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 1.3660 CAD. The first support is located at 1.3607 CAD. However, the chances of finding the first resistance before the first support are slightly higher. Without a basic trend, it is be important to monitor the price response at these levels. A bullish break in resistance or a bearish break in support could provide a signal that would set a new direction for the basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by USD/CAD.

Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.

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 dtaccori. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The USD/CAD rating is 1.3625 CAD. The price has increased by +0.10% since the last closing and was between 1.3596 CAD and 1.3635 CAD. This implies that the price is at +0.21% from its lowest and at -0.07% from its highest.

1.3596

1.3635

1.3625

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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 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

Technical

A technical analysis in 1H of this USD/CAD chart shows a neutral trend. The slightly bullish signals currently given by short-term moving averages could allow the overall trend to return to a slightly bullish trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.3525	1.3594	1.3607	1.3625	1.3634	1.3660	1.3686
Change (%)	-0.73%	-0.23%	-0.13%	-	+0.07%	+0.26%	+0.45%
Change	-0.0100	-0.0031	-0.0018	-	+0.0009	+0.0035	+0.0061
Level	Minor	Major	Minor	-	Intermediate	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3551	1.3576	1.3594	1.3619	1.3637	1.3662	1.3680
Camarilla	1.3600	1.3604	1.3608	1.3612	1.3616	1.3620	1.3624
Woodie	1.3548	1.3574	1.3591	1.3617	1.3634	1.3660	1.3677
Fibonacci	1.3576	1.3592	1.3603	1.3619	1.3635	1.3646	1.3662

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3470	1.3530	1.3571	1.3631	1.3672	1.3732	1.3773
Camarilla	1.3584	1.3594	1.3603	1.3612	1.3621	1.3631	1.3640
Woodie	1.3461	1.3525	1.3562	1.3626	1.3663	1.3727	1.3764
Fibonacci	1.3530	1.3569	1.3592	1.3631	1.3670	1.3693	1.3732

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3187	1.3333	1.3555	1.3701	1.3923	1.4069	1.4291
Camarilla	1.3677	1.3711	1.3744	1.3778	1.3812	1.3846	1.3879
Woodie	1.3226	1.3352	1.3594	1.3720	1.3962	1.4088	1.4330
Fibonacci	1.3333	1.3473	1.3560	1.3701	1.3841	1.3928	1.4069

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):	56.82
MACD (12,26,9):	0.0002
Directional Movement:	8.2575
AROON (14):	-14.2857
DEMA (21):	1.3620
Parabolic SAR (0,02-0,02-0,2):	1.3630
Elder Ray (13):	0.0005
Super Trend (3,10):	1.3601
Zig ZAG (10):	1.3625
VORTEX (21):	1.0933
Stochastique (14,3,5):	72.65
TEMA (21):	1.3623
Williams %R (14):	-25.64
Chande Momentum Oscillator (20):	0.0012
Repulse (5,40,3):	0.0398
ROCnROLL:	1
TRIX (15,9):	0.0005
Courbe Coppock:	0.15

MA7:	1.3635
MA20:	1.3673
MA50:	1.3634
MA100:	1.3551
MAexp7:	1.3621
MAexp20:	1.3618
MAexp50:	1.3618
MAexp100:	1.3627
Price / MA7:	-0.07%
Price / MA20:	-0.35%
Price / MA50:	-0.07%
Price / MA100:	+0.55%
Price / MAexp7:	+0.03%
Price / MAexp20:	+0.05%
Price / MAexp50:	+0.05%
Price / MAexp100:	-0.01%

Quotes : - Real time data - Forex

News

The last news published on USD/CAD at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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