USD/CAD - 1H - Technical analysis published on 06/30/2021 (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
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 1.2348 CAD
My targets
1.2436 CAD (+0.0031)
1.2487 CAD (+0.0082)
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 1.2348 CAD. The next resistance located at 1.2436 CAD is the next bullish objective 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 1.2487 CAD. After this resistance, buyers could then target 1.2624 CAD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.7
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Additional analysis
Quotes
The USD/CAD rating is 1.2405 CAD. On the day, this instrument gained +0.07% and was between 1.2381 CAD and 1.2424 CAD. This implies that the price is at +0.19% from its lowest and at -0.15% from its highest.1.2381
1.2424
1.2405
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/CAD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of triangle 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 | 1.2302 | 1.2348 | 1.2404 | 1.2405 | 1.2436 | 1.2487 | 1.2624 |
| Change (%) | -0.83% | -0.46% | -0.01% | - | +0.25% | +0.66% | +1.77% |
| Change | -0.0103 | -0.0057 | -0.0001 | - | +0.0031 | +0.0082 | +0.0219 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Major | Intermediate |
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 | 1.2277 | 1.2304 | 1.2350 | 1.2377 | 1.2423 | 1.2450 | 1.2496 |
| Camarilla | 1.2377 | 1.2384 | 1.2390 | 1.2397 | 1.2404 | 1.2410 | 1.2417 |
| Woodie | 1.2288 | 1.2309 | 1.2361 | 1.2382 | 1.2434 | 1.2455 | 1.2507 |
| Fibonacci | 1.2304 | 1.2332 | 1.2349 | 1.2377 | 1.2405 | 1.2422 | 1.2450 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1967 | 1.2110 | 1.2202 | 1.2345 | 1.2437 | 1.2580 | 1.2672 |
| Camarilla | 1.2230 | 1.2252 | 1.2274 | 1.2295 | 1.2317 | 1.2338 | 1.2360 |
| Woodie | 1.1943 | 1.2097 | 1.2178 | 1.2332 | 1.2413 | 1.2567 | 1.2648 |
| Fibonacci | 1.2110 | 1.2199 | 1.2255 | 1.2345 | 1.2434 | 1.2490 | 1.2580 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1593 | 1.1803 | 1.1932 | 1.2142 | 1.2271 | 1.2481 | 1.2610 |
| Camarilla | 1.1968 | 1.1999 | 1.2030 | 1.2061 | 1.2092 | 1.2123 | 1.2154 |
| Woodie | 1.1553 | 1.1783 | 1.1892 | 1.2122 | 1.2231 | 1.2461 | 1.2570 |
| Fibonacci | 1.1803 | 1.1933 | 1.2013 | 1.2142 | 1.2272 | 1.2352 | 1.2481 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.70 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 12.6686 | |
| AROON (14): | 21.4285 | |
| DEMA (21): | 1.2408 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2385 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 1.2370 | |
| Zig ZAG (10): | 1.2406 | |
| VORTEX (21): | 1.1268 | |
| Stochastique (14,3,5): | 71.28 | |
| TEMA (21): | 1.2407 | |
| Williams %R (14): | -39.53 | |
| Chande Momentum Oscillator (20): | 0.0004 | |
| Repulse (5,40,3): | 0.0442 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0144 | |
| Courbe Coppock: | 0.12 |
| MA7: | 1.2338 | |
| MA20: | 1.2246 | |
| MA50: | 1.2205 | |
| MA100: | 1.2395 | |
| MAexp7: | 1.2401 | |
| MAexp20: | 1.2393 | |
| MAexp50: | 1.2371 | |
| MAexp100: | 1.2351 | |
| Price / MA7: | +0.54% | |
| Price / MA20: | +1.30% | |
| Price / MA50: | +1.64% | |
| Price / MA100: | +0.08% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.27% | |
| Price / MAexp100: | +0.44% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on USD/CAD at the time of the analysis were as follows:
-
S&P 500 Due a Break Before Week's End, USDCAD Top Event Catalyst
-
USD/CAD Daily Forecast - Canadian Dollar Continues To Trade In A Tight Range
-
USD/CAD Daily Forecast - Canadian Dollar Is Flat After BoC Interest Rate Decision
-
Dollar Pressure Builds but USDCAD May be the Only Major That Can Break Wednesday
-
USD/CAD Daily Forecast - Canadian Dollar Lacks Momentum
This member declared not having a position on this financial instrument or a related financial instrument.
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