USD/CAD - 1H - Technical analysis published on 10/26/2020 (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
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 1.3123 CAD
My targets
1.3204 CAD (+0.0039)
1.3260 CAD (+0.0095)
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 1.3123 CAD. The next resistance located at 1.3204 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 1.3260 CAD. After this resistance, buyers could then target 1.3330 CAD.
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
7
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This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD price is 1.3165 CAD. The price has increased by +0.31% since the last closing and was traded between 1.3126 CAD and 1.3166 CAD over the period. The price is currently at +0.30% from its lowest and -0.01% from its highest.1.3126
1.3166
1.3165
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 17 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3080 | 1.3109 | 1.3123 | 1.3165 | 1.3178 | 1.3204 | 1.3260 |
| Change (%) | -0.65% | -0.43% | -0.32% | - | +0.10% | +0.30% | +0.72% |
| Change | -0.0085 | -0.0056 | -0.0042 | - | +0.0013 | +0.0039 | +0.0095 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Minor |
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 | 1.3050 | 1.3080 | 1.3102 | 1.3132 | 1.3154 | 1.3184 | 1.3206 |
| Camarilla | 1.3111 | 1.3116 | 1.3120 | 1.3125 | 1.3130 | 1.3135 | 1.3139 |
| Woodie | 1.3047 | 1.3078 | 1.3099 | 1.3130 | 1.3151 | 1.3182 | 1.3203 |
| Fibonacci | 1.3080 | 1.3100 | 1.3112 | 1.3132 | 1.3152 | 1.3164 | 1.3184 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2945 | 1.3012 | 1.3069 | 1.3136 | 1.3193 | 1.3260 | 1.3317 |
| Camarilla | 1.3091 | 1.3102 | 1.3114 | 1.3125 | 1.3136 | 1.3148 | 1.3159 |
| Woodie | 1.2939 | 1.3010 | 1.3063 | 1.3134 | 1.3187 | 1.3258 | 1.3311 |
| Fibonacci | 1.3012 | 1.3060 | 1.3089 | 1.3136 | 1.3184 | 1.3213 | 1.3260 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2632 | 1.2813 | 1.3060 | 1.3241 | 1.3488 | 1.3669 | 1.3916 |
| Camarilla | 1.3190 | 1.3230 | 1.3269 | 1.3308 | 1.3347 | 1.3387 | 1.3426 |
| Woodie | 1.2666 | 1.2830 | 1.3094 | 1.3258 | 1.3522 | 1.3686 | 1.3950 |
| Fibonacci | 1.2813 | 1.2976 | 1.3077 | 1.3241 | 1.3404 | 1.3505 | 1.3669 |
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): | 58.03 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 11.7005 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 1.3155 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3124 | |
| Elder Ray (13): | 0.0010 | |
| Super Trend (3,10): | 1.3122 | |
| Zig ZAG (10): | 1.3165 | |
| VORTEX (21): | 1.1617 | |
| Stochastique (14,3,5): | 93.15 | |
| TEMA (21): | 1.3160 | |
| Williams %R (14): | -2.38 | |
| Chande Momentum Oscillator (20): | 0.0020 | |
| Repulse (5,40,3): | 0.1374 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0033 | |
| Courbe Coppock: | 0.26 |
| MA7: | 1.3154 | |
| MA20: | 1.3207 | |
| MA50: | 1.3196 | |
| MA100: | 1.3338 | |
| MAexp7: | 1.3157 | |
| MAexp20: | 1.3149 | |
| MAexp50: | 1.3145 | |
| MAexp100: | 1.3147 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | -0.32% | |
| Price / MA50: | -0.23% | |
| Price / MA100: | -1.30% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | +0.14% |
Quotes :
2020-10-26 06:35:34
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Real time data
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Forex
News
Don"t forget to follow the news on USD/CAD. At the time of publication of this analysis, the latest news was as follows:
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USD/CAD Technical Analysis For October 23, 2020 By FX Empire
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USD/CAD Technical Analysis For October 22, 2020 By FX Empire
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USD/CAD Technical Analysis For October 21, 2020 By FX Empire
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USD/CAD Technical Analysis For October 20, 2020 By FX Empire
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USD/CAD Technical Analysis For October 19, 2020 By FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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