USD/CAD - 15 min. - Technical analysis published on 08/02/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 1.2822 CAD
My targets
1.2878 CAD (+0.0016)
1.2911 CAD (+0.0049)
My analysis
The bullish trend is currently very strong on USD/CAD. As long as the price remains above the support at 1.2822 CAD, you could try to benefit from the boom. The first bullish objective is located at 1.2878 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.2911 CAD as an objective. Crossing it would then enable buyers to target 1.2967 CAD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.8
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This analysis was given by amira1003. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD rating is 1.2862 CAD. The price has increased by +0.14% since the last closing and was traded between 1.2837 CAD and 1.2873 CAD over the period. The price is currently at +0.19% from its lowest and -0.09% from its highest.1.2837
1.2873
1.2862
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 (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this USD/CAD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2822 | 1.2836 | 1.2857 | 1.2862 | 1.2912 | 1.2947 | 1.2986 |
| Change (%) | -0.31% | -0.20% | -0.04% | - | +0.39% | +0.66% | +0.96% |
| Change | -0.0040 | -0.0026 | -0.0005 | - | +0.0050 | +0.0085 | +0.0124 |
| Level | Intermediate | Minor | Major | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2700 | 1.2733 | 1.2789 | 1.2822 | 1.2878 | 1.2911 | 1.2967 |
| Camarilla | 1.2820 | 1.2828 | 1.2836 | 1.2844 | 1.2852 | 1.2860 | 1.2869 |
| Woodie | 1.2711 | 1.2739 | 1.2800 | 1.2828 | 1.2889 | 1.2917 | 1.2978 |
| Fibonacci | 1.2733 | 1.2767 | 1.2788 | 1.2822 | 1.2856 | 1.2877 | 1.2911 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2582 | 1.2686 | 1.2740 | 1.2844 | 1.2898 | 1.3002 | 1.3056 |
| Camarilla | 1.2752 | 1.2766 | 1.2781 | 1.2795 | 1.2810 | 1.2824 | 1.2839 |
| Woodie | 1.2558 | 1.2674 | 1.2716 | 1.2832 | 1.2874 | 1.2990 | 1.3032 |
| Fibonacci | 1.2686 | 1.2746 | 1.2783 | 1.2844 | 1.2904 | 1.2941 | 1.3002 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2213 | 1.2501 | 1.2648 | 1.2936 | 1.3083 | 1.3371 | 1.3518 |
| Camarilla | 1.2675 | 1.2715 | 1.2755 | 1.2795 | 1.2835 | 1.2875 | 1.2915 |
| Woodie | 1.2143 | 1.2466 | 1.2578 | 1.2901 | 1.3013 | 1.3336 | 1.3448 |
| Fibonacci | 1.2501 | 1.2667 | 1.2770 | 1.2936 | 1.3102 | 1.3205 | 1.3371 |
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): | 68.11 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 20.1599 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 1.2862 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2846 | |
| Elder Ray (13): | 0.0011 | |
| Super Trend (3,10): | 1.2848 | |
| Zig ZAG (10): | 1.2868 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 80.95 | |
| TEMA (21): | 1.2862 | |
| Williams %R (14): | -32.14 | |
| Chande Momentum Oscillator (20): | 0.0011 | |
| Repulse (5,40,3): | -0.0152 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0040 | |
| Courbe Coppock: | 0.10 |
| MA7: | 1.2837 | |
| MA20: | 1.2926 | |
| MA50: | 1.2857 | |
| MA100: | 1.2778 | |
| MAexp7: | 1.2861 | |
| MAexp20: | 1.2856 | |
| MAexp50: | 1.2846 | |
| MAexp100: | 1.2834 | |
| Price / MA7: | +0.19% | |
| Price / MA20: | -0.50% | |
| Price / MA50: | +0.04% | |
| Price / MA100: | +0.66% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +0.22% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on USD/CAD at the time of the analysis were as follows:
-
Technical Analysis: 29/07/2022 - USDCAD moves south with weak momentum
-
Technical Analysis: 22/07/2022 - USDCAD finds floor at 40-day SMA below 1.2900
-
Technical Analysis: 01/07/2022 - USDCAD picks up momentum as July’s trading kicks off
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Technical Analysis: 24/06/2022 - USDCAD shows weak signs below double top at 1.2960
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Technical Analysis: 17/06/2022 - USDCAD looks for more upside; 1.2875 in focus
This member declared not having a position on this financial instrument or a related financial instrument.
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