USD/CAD - 15 min. - Technical analysis published on 08/24/2022 (GMT)
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
33%
28%
39%
My opinion
Neutral between 1.2908 CAD and 1.2986 CAD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on USD/CAD. It is difficult to advise a trading direction under these conditions. The first support is located at 1.2908 CAD. The first resistance is located at 1.2986 CAD. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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This analysis was given by amira1003. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/CAD rating 1.2974 CAD. The price registered an increase of +0.11% on the session with the lowest point at 1.2956 CAD and the highest point at 1.2986 CAD. The deviation from the price is +0.14% for the low point and -0.09% for the high point.1.2956
1.2986
1.2974
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/CAD in 15 min. shows an overall slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 15 minutes
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2828 | 1.2880 | 1.2937 | 1.2974 | 1.2986 | 1.3063 | 1.3108 |
| Change (%) | -1.13% | -0.72% | -0.29% | - | +0.09% | +0.69% | +1.03% |
| Change | -0.0146 | -0.0094 | -0.0037 | - | +0.0012 | +0.0089 | +0.0134 |
| Level | Intermediate | Minor | Major | - | Major | Intermediate | Intermediate |
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 | 1.2778 | 1.2856 | 1.2908 | 1.2986 | 1.3038 | 1.3116 | 1.3168 |
| Camarilla | 1.2924 | 1.2936 | 1.2948 | 1.2960 | 1.2972 | 1.2984 | 1.2996 |
| Woodie | 1.2765 | 1.2850 | 1.2895 | 1.2980 | 1.3025 | 1.3110 | 1.3155 |
| Fibonacci | 1.2856 | 1.2906 | 1.2936 | 1.2986 | 1.3036 | 1.3066 | 1.3116 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2598 | 1.2684 | 1.2838 | 1.2924 | 1.3078 | 1.3164 | 1.3318 |
| Camarilla | 1.2927 | 1.2949 | 1.2971 | 1.2993 | 1.3015 | 1.3037 | 1.3059 |
| Woodie | 1.2633 | 1.2701 | 1.2873 | 1.2941 | 1.3113 | 1.3181 | 1.3353 |
| Fibonacci | 1.2684 | 1.2775 | 1.2832 | 1.2924 | 1.3015 | 1.3072 | 1.3164 |
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.20 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -4.4051 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 1.2971 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2977 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 1.2983 | |
| Zig ZAG (10): | 1.2972 | |
| VORTEX (21): | 0.9688 | |
| Stochastique (14,3,5): | 45.53 | |
| TEMA (21): | 1.2969 | |
| Williams %R (14): | -42.86 | |
| Chande Momentum Oscillator (20): | -0.0010 | |
| Repulse (5,40,3): | 0.0574 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0002 | |
| Courbe Coppock: | 0.13 |
| MA7: | 1.2955 | |
| MA20: | 1.2882 | |
| MA50: | 1.2917 | |
| MA100: | 1.2834 | |
| MAexp7: | 1.2970 | |
| MAexp20: | 1.2972 | |
| MAexp50: | 1.2973 | |
| MAexp100: | 1.2980 | |
| Price / MA7: | +0.15% | |
| Price / MA20: | +0.71% | |
| Price / MA50: | +0.44% | |
| Price / MA100: | +1.09% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | -0.05% |
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:
-
Technical Analysis: 05/08/2022 - USDCAD holding steady ahead of jobs data
-
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
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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
This member declared not having a position on this financial instrument or a related financial instrument.
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