USD/CAD - 1H - Technical analysis published on 04/17/2022 (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:
Bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 1.2589 CAD
My targets
1.2647 CAD (+0.0032)
1.2676 CAD (+0.0061)
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 1.2589 CAD. The buyers' bullish objective is set at 1.2647 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.2676 CAD. If there is any crossing, the next objective would be the resistance located at 1.2766 CAD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.1
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Additional analysis
Quotes
The USD/CAD rating is 1.2615 CAD. The price registered an increase of +0.03% on the session and was traded between 1.2606 CAD and 1.2622 CAD over the period. The price is currently at +0.07% from its lowest and -0.06% from its highest.1.2606
1.2622
1.2615
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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 (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/CAD indicates that the overall trend is bullish. 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. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
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 | 1.2531 | 1.2563 | 1.2589 | 1.2615 | 1.2619 | 1.2647 | 1.2676 |
| Change (%) | -0.67% | -0.41% | -0.21% | - | +0.03% | +0.25% | +0.48% |
| Change | -0.0084 | -0.0052 | -0.0026 | - | +0.0004 | +0.0032 | +0.0061 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2563 | 1.2577 | 1.2594 | 1.2608 | 1.2625 | 1.2639 | 1.2656 |
| Camarilla | 1.2603 | 1.2605 | 1.2608 | 1.2611 | 1.2614 | 1.2617 | 1.2620 |
| Woodie | 1.2565 | 1.2578 | 1.2596 | 1.2609 | 1.2627 | 1.2640 | 1.2658 |
| Fibonacci | 1.2577 | 1.2589 | 1.2596 | 1.2608 | 1.2620 | 1.2627 | 1.2639 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2374 | 1.2448 | 1.2529 | 1.2603 | 1.2684 | 1.2758 | 1.2839 |
| Camarilla | 1.2568 | 1.2583 | 1.2597 | 1.2611 | 1.2625 | 1.2639 | 1.2654 |
| Woodie | 1.2379 | 1.2450 | 1.2534 | 1.2605 | 1.2689 | 1.2760 | 1.2844 |
| Fibonacci | 1.2448 | 1.2507 | 1.2544 | 1.2603 | 1.2662 | 1.2699 | 1.2758 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1850 | 1.2140 | 1.2321 | 1.2611 | 1.2792 | 1.3082 | 1.3263 |
| Camarilla | 1.2373 | 1.2416 | 1.2459 | 1.2502 | 1.2545 | 1.2588 | 1.2632 |
| Woodie | 1.1796 | 1.2113 | 1.2267 | 1.2584 | 1.2738 | 1.3055 | 1.3209 |
| Fibonacci | 1.2140 | 1.2320 | 1.2431 | 1.2611 | 1.2791 | 1.2902 | 1.3082 |
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): | 56.65 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 7.4420 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 1.2613 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2594 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 1.2586 | |
| Zig ZAG (10): | 1.2612 | |
| VORTEX (21): | 1.0215 | |
| Stochastique (14,3,5): | 71.31 | |
| TEMA (21): | 1.2613 | |
| Williams %R (14): | -32.14 | |
| Chande Momentum Oscillator (20): | 0.0007 | |
| Repulse (5,40,3): | 0.0126 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0044 | |
| Courbe Coppock: | 0.15 |
| MA7: | 1.2608 | |
| MA20: | 1.2552 | |
| MA50: | 1.2656 | |
| MA100: | 1.2685 | |
| MAexp7: | 1.2611 | |
| MAexp20: | 1.2608 | |
| MAexp50: | 1.2604 | |
| MAexp100: | 1.2599 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | +0.50% | |
| Price / MA50: | -0.32% | |
| Price / MA100: | -0.55% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.09% | |
| Price / MAexp100: | +0.13% |
Quotes :
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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:
-
Technical Analysis: 15/04/2022 - USDCAD at risk of bearish rotation below 1.2650
-
Technical Analysis: 08/04/2022 - USDCAD struggles to surpass 38.2% Fibo around 1.2600
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Technical Analysis: 24/03/2022 - USDCAD breaks long-term support, but wait a bit
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Technical Analysis: 11/03/2022 - USDCAD deflects off 1.29 hurdle, soft uptrend still intact
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Technical Analysis: 04/03/2022 - USDCAD recovers from monthly lows but still in confus
This member declared not having a position on this financial instrument or a related financial instrument.
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