USD/CAD - 1H - Technical analysis published on 08/07/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 1.3330 CAD
My targets
1.3407 CAD (+0.0024)
1.3451 CAD (+0.0068)
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 1.3330 CAD. The next resistance located at 1.3407 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 1.3451 CAD. After this resistance, buyers could then target 1.3642 CAD.
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
0
10
6.6
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This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/CAD rating 1.3383 CAD. The price registered an increase of +0.48% on the session with the lowest point at 1.3305 CAD and the highest point at 1.3399 CAD. The deviation from the price is +0.59% for the low point and -0.12% for the high point.1.3305
1.3399
1.3383
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/CAD in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
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
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.3290 | 1.3330 | 1.3371 | 1.3383 | 1.3407 | 1.3451 | 1.3642 |
| Change (%) | -0.69% | -0.40% | -0.09% | - | +0.18% | +0.51% | +1.94% |
| Change | -0.0093 | -0.0053 | -0.0012 | - | +0.0024 | +0.0068 | +0.0259 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | Major |
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 | 1.3184 | 1.3214 | 1.3266 | 1.3296 | 1.3348 | 1.3378 | 1.3430 |
| Camarilla | 1.3296 | 1.3304 | 1.3312 | 1.3319 | 1.3327 | 1.3334 | 1.3342 |
| Woodie | 1.3196 | 1.3220 | 1.3278 | 1.3302 | 1.3360 | 1.3384 | 1.3442 |
| Fibonacci | 1.3214 | 1.3245 | 1.3264 | 1.3296 | 1.3327 | 1.3346 | 1.3378 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3212 | 1.3271 | 1.3342 | 1.3401 | 1.3472 | 1.3531 | 1.3602 |
| Camarilla | 1.3377 | 1.3389 | 1.3401 | 1.3413 | 1.3425 | 1.3437 | 1.3449 |
| Woodie | 1.3218 | 1.3274 | 1.3348 | 1.3404 | 1.3478 | 1.3534 | 1.3608 |
| Fibonacci | 1.3271 | 1.3321 | 1.3351 | 1.3401 | 1.3451 | 1.3481 | 1.3531 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2964 | 1.3147 | 1.3280 | 1.3463 | 1.3596 | 1.3779 | 1.3912 |
| Camarilla | 1.3326 | 1.3355 | 1.3384 | 1.3413 | 1.3442 | 1.3471 | 1.3500 |
| Woodie | 1.2939 | 1.3135 | 1.3255 | 1.3451 | 1.3571 | 1.3767 | 1.3887 |
| Fibonacci | 1.3147 | 1.3268 | 1.3342 | 1.3463 | 1.3584 | 1.3658 | 1.3779 |
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): | 64.23 | |
| MACD (12,26,9): | 0.0022 | |
| Directional Movement: | 11.0286 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 1.3386 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3336 | |
| Elder Ray (13): | 0.0021 | |
| Super Trend (3,10): | 1.3326 | |
| Zig ZAG (10): | 1.3385 | |
| VORTEX (21): | 1.2327 | |
| Stochastique (14,3,5): | 84.68 | |
| TEMA (21): | 1.3396 | |
| Williams %R (14): | -17.57 | |
| Chande Momentum Oscillator (20): | 0.0046 | |
| Repulse (5,40,3): | 0.0061 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0226 | |
| Courbe Coppock: | 0.57 |
| MA7: | 1.3355 | |
| MA20: | 1.3432 | |
| MA50: | 1.3505 | |
| MA100: | 1.3771 | |
| MAexp7: | 1.3380 | |
| MAexp20: | 1.3358 | |
| MAexp50: | 1.3332 | |
| MAexp100: | 1.3334 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | -0.36% | |
| Price / MA50: | -0.90% | |
| Price / MA100: | -2.82% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.38% | |
| Price / MAexp100: | +0.37% |
Quotes :
2020-08-07 19:11:42
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Real time data
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Forex
News
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