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USD/CAD
USD CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDCAD
ISIN:

USD/CAD - 1H - Technical analysis published on 11/09/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 1.2408 CAD
My targets
1.2466 CAD (+0.0020)
1.2480 CAD (+0.0034)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.2408 CAD remains possible. It is advisable to trade USD/CAD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.2408 CAD. The next bullish objective for buyers is set at 1.2466 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.2480 CAD. If there is any crossing, the next objective would be the resistance located at 1.2531 CAD. PS: if there is a bearish break in the support located at 1.2408 CAD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

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
3.9

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/CAD price is 1.2446 CAD. The price has increased by +0.02% since the last closing and was traded between 1.2427 CAD and 1.2459 CAD over the period. The price is currently at +0.15% from its lowest and -0.10% from its highest.

1.2427
1.2459
1.2446

Here is a more detailed summary of the historical variations registered by USD/CAD:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of USD/CAD indicates that the overall trend is bullish. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Near support of triangle

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.2389 1.2408 1.2434 1.2446 1.2466 1.2480 1.2531
Change (%) -0.46% -0.31% -0.10% - +0.16% +0.27% +0.68%
Change -0.0057 -0.0038 -0.0012 - +0.0020 +0.0034 +0.0085
Level Intermediate Minor Intermediate - Intermediate 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
Standard1.23971.24161.24291.24481.24611.24801.2493
Camarilla1.24341.24371.24401.24431.24461.24491.2452
Woodie1.23951.24151.24271.24471.24591.24791.2491
Fibonacci1.24161.24281.24351.24481.24601.24671.2480


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.22481.23001.23761.24281.25041.25561.2632
Camarilla1.24171.24291.24401.24521.24641.24761.2487
Woodie1.22601.23061.23881.24341.25161.25621.2644
Fibonacci1.23001.23491.23791.24281.24771.25071.2556


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.17511.20201.22021.24711.26531.29221.3104
Camarilla1.22611.23021.23441.23851.24261.24681.2509
Woodie1.17091.19981.21601.24491.26111.29001.3062
Fibonacci1.20201.21921.22981.24711.26431.27491.2922

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): 51.88
MACD (12,26,9): -0.0002
Directional Movement: 1.6900
AROON (14): -42.8571
DEMA (21): 1.2441
Parabolic SAR (0,02-0,02-0,2): 1.2427
Elder Ray (13): 0.0003
Super Trend (3,10): 1.2472
Zig ZAG (10): 1.2447
VORTEX (21): 1.0000
Stochastique (14,3,5): 47.92
TEMA (21): 1.2440
Williams %R (14): -40.63
Chande Momentum Oscillator (20): -0.0008
Repulse (5,40,3): 0.0874
ROCnROLL: 1
TRIX (15,9): -0.0030
Courbe Coppock: 0.09
MA7: 1.2422
MA20: 1.2390
MA50: 1.2540
MA100: 1.2536
MAexp7: 1.2442
MAexp20: 1.2445
MAexp50: 1.2446
MAexp100: 1.2438
Price / MA7: +0.19%
Price / MA20: +0.45%
Price / MA50: -0.75%
Price / MA100: -0.72%
Price / MAexp7: +0.03%
Price / MAexp20: +0.01%
Price / MAexp50: -0%
Price / MAexp100: +0.06%

Quotes : - Real time data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia
Londinia AI

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