CAD/USD FULL0624 - 1H - Technical analysis published on 12/07/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.78955 USD
My targets
0.79186 USD (+0.14%)
0.79740 USD (+0.84%)
My analysis
The bullish trend is currently very strong on CAD/USD FULL0322. As long as the price remains above the support at 0.78955 USD, you could try to benefit from the boom. The first bullish objective is located at 0.79186 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.79740 USD as an objective. Crossing it would then enable buyers to target 0.81195 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.6
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This analysis was given by Smurph77. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/USD FULL0322 rating is 0.79075 USD. The price registered an increase of +1.38% on the session and was between 0.78350 USD and 0.79155 USD. This implies that the price is at +0.93% from its lowest and at -0.10% from its highest.0.78350
0.79155
0.79075
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 CAD/USD FULL0322:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/USD FULL0322 chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed 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, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.78549 | 0.78663 | 0.78955 | 0.79075 | 0.79186 | 0.79740 | 0.81195 |
| Change (%) | -0.67% | -0.52% | -0.15% | - | +0.14% | +0.84% | +2.68% |
| Change | -0.00526 | -0.00412 | -0.00120 | - | +0.00111 | +0.00665 | +0.02120 |
| Level | Intermediate | Major | Minor | - | Major | Minor | 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 | 0.77433 | 0.77647 | 0.77978 | 0.78192 | 0.78523 | 0.78737 | 0.79068 |
| Camarilla | 0.78160 | 0.78210 | 0.78260 | 0.78310 | 0.78360 | 0.78410 | 0.78460 |
| Woodie | 0.77493 | 0.77676 | 0.78038 | 0.78221 | 0.78583 | 0.78766 | 0.79128 |
| Fibonacci | 0.77647 | 0.77855 | 0.77984 | 0.78192 | 0.78400 | 0.78529 | 0.78737 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.76692 | 0.77238 | 0.77567 | 0.78113 | 0.78442 | 0.78988 | 0.79317 |
| Camarilla | 0.77654 | 0.77735 | 0.77815 | 0.77895 | 0.77975 | 0.78055 | 0.78136 |
| Woodie | 0.76583 | 0.77184 | 0.77458 | 0.78059 | 0.78333 | 0.78934 | 0.79208 |
| Fibonacci | 0.77238 | 0.77573 | 0.77779 | 0.78113 | 0.78448 | 0.78654 | 0.78988 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.74068 | 0.75982 | 0.77018 | 0.78932 | 0.79968 | 0.81882 | 0.82918 |
| Camarilla | 0.77244 | 0.77514 | 0.77785 | 0.78055 | 0.78325 | 0.78596 | 0.78866 |
| Woodie | 0.73630 | 0.75763 | 0.76580 | 0.78713 | 0.79530 | 0.81663 | 0.82480 |
| Fibonacci | 0.75982 | 0.77109 | 0.77805 | 0.78932 | 0.80059 | 0.80755 | 0.81882 |
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): | 79.01 | |
| MACD (12,26,9): | 0.0020 | |
| Directional Movement: | 25.41588 | |
| AROON (14): | 71.42857 | |
| DEMA (21): | 0.79042 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.78920 | |
| Elder Ray (13): | 0.00124 | |
| Super Trend (3,10): | 0.78773 | |
| Zig ZAG (10): | 0.79045 | |
| VORTEX (21): | 1.3325 | |
| Stochastique (14,3,5): | 79.19 | |
| TEMA (21): | 0.79125 | |
| Williams %R (14): | -15.32 | |
| Chande Momentum Oscillator (20): | 0.00480 | |
| Repulse (5,40,3): | 0.1723 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0360 | |
| Courbe Coppock: | 1.28 |
| MA7: | 0.78271 | |
| MA20: | 0.78899 | |
| MA50: | 0.79748 | |
| MA100: | 0.79508 | |
| MAexp7: | 0.78996 | |
| MAexp20: | 0.78778 | |
| MAexp50: | 0.78498 | |
| MAexp100: | 0.78373 | |
| Price / MA7: | +1.03% | |
| Price / MA20: | +0.22% | |
| Price / MA50: | -0.84% | |
| Price / MA100: | -0.54% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | +0.74% | |
| Price / MAexp100: | +0.90% |
Quotes :
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10 min delayed data
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CME Globex Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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