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

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

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.

This analysis was given by amira1003. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

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:

Central Patterns

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard1.27001.27331.27891.28221.28781.29111.2967
Camarilla1.28201.28281.28361.28441.28521.28601.2869
Woodie1.27111.27391.28001.28281.28891.29171.2978
Fibonacci1.27331.27671.27881.28221.28561.28771.2911


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.25821.26861.27401.28441.28981.30021.3056
Camarilla1.27521.27661.27811.27951.28101.28241.2839
Woodie1.25581.26741.27161.28321.28741.29901.3032
Fibonacci1.26861.27461.27831.28441.29041.29411.3002


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.22131.25011.26481.29361.30831.33711.3518
Camarilla1.26751.27151.27551.27951.28351.28751.2915
Woodie1.21431.24661.25781.29011.30131.33361.3448
Fibonacci1.25011.26671.27701.29361.31021.32051.3371

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 : - Real time data - Forex

News


The latest news and videos published on USD/CAD at the time of the analysis were as follows:

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

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