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:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.3123 CAD
My targets
1.3204 CAD (+0.0019)
1.3260 CAD (+0.0075)
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 1.3123 CAD. The buyers” bullish objective is set at 1.3204 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3260 CAD. If there is any crossing, the next objective would be the resistance located at 1.3330 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
0
10
7.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD rating is 1.3185 CAD. The price registered an increase of +0.46% on the session and was between 1.3126 CAD and 1.3187 CAD. This implies that the price is at +0.45% from its lowest and at -0.02% from its highest.1.3126
1.3187
1.3185
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/CAD chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly 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.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
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 | 1.3109 | 1.3123 | 1.3178 | 1.3185 | 1.3204 | 1.3260 | 1.3330 |
| Change (%) | -0.58% | -0.47% | -0.05% | - | +0.14% | +0.57% | +1.10% |
| Change | -0.0076 | -0.0062 | -0.0007 | - | +0.0019 | +0.0075 | +0.0145 |
| Level | Intermediate | Intermediate | 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 | 1.3050 | 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): | 63.16 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 15.6531 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 1.3173 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3147 | |
| Elder Ray (13): | 0.0010 | |
| Super Trend (3,10): | 1.3139 | |
| Zig ZAG (10): | 1.3185 | |
| VORTEX (21): | 1.0919 | |
| Stochastique (14,3,5): | 84.06 | |
| TEMA (21): | 1.3178 | |
| Williams %R (14): | -20.00 | |
| Chande Momentum Oscillator (20): | 0.0028 | |
| Repulse (5,40,3): | 0.0294 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0077 | |
| Courbe Coppock: | 0.47 |
| MA7: | 1.3156 | |
| MA20: | 1.3208 | |
| MA50: | 1.3196 | |
| MA100: | 1.3338 | |
| MAexp7: | 1.3171 | |
| MAexp20: | 1.3161 | |
| MAexp50: | 1.3151 | |
| MAexp100: | 1.3150 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | -0.17% | |
| Price / MA50: | -0.08% | |
| Price / MA100: | -1.15% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +0.26% |
Quotes :
2020-10-26 11:30:18
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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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