USD/CAD - 15 min. - Technical analysis published on 09/14/2022 (GMT)
- 91
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.3101 CAD
My targets
1.3247 CAD (+0.0050)
1.3328 CAD (+0.0131)
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 1.3101 CAD. The buyers' bullish objective is set at 1.3247 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3328 CAD. If there is any crossing, the next objective would be the resistance located at 1.3474 CAD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
8.2
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 Simon1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD rating is 1.3197 CAD. The price has increased by +0.23% since the last closing and was between 1.3148 CAD and 1.3206 CAD. This implies that the price is at +0.37% from its lowest and at -0.07% from its highest.1.3148
1.3206
1.3197
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this USD/CAD chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.3108 | 1.3150 | 1.3174 | 1.3197 | 1.3209 | 1.3348 | 1.3752 |
| Change (%) | -0.67% | -0.36% | -0.17% | - | +0.09% | +1.14% | +4.21% |
| Change | -0.0089 | -0.0047 | -0.0023 | - | +0.0012 | +0.0151 | +0.0555 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Minor | 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 | 1.2793 | 1.2874 | 1.3020 | 1.3101 | 1.3247 | 1.3328 | 1.3474 |
| Camarilla | 1.3105 | 1.3125 | 1.3146 | 1.3167 | 1.3188 | 1.3209 | 1.3229 |
| Woodie | 1.2827 | 1.2890 | 1.3054 | 1.3117 | 1.3281 | 1.3344 | 1.3508 |
| Fibonacci | 1.2874 | 1.2960 | 1.3014 | 1.3101 | 1.3187 | 1.3241 | 1.3328 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2710 | 1.2846 | 1.2937 | 1.3073 | 1.3164 | 1.3300 | 1.3391 |
| Camarilla | 1.2966 | 1.2986 | 1.3007 | 1.3028 | 1.3049 | 1.3070 | 1.3090 |
| Woodie | 1.2688 | 1.2835 | 1.2915 | 1.3062 | 1.3142 | 1.3289 | 1.3369 |
| Fibonacci | 1.2846 | 1.2933 | 1.2986 | 1.3073 | 1.3160 | 1.3213 | 1.3300 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2447 | 1.2588 | 1.2865 | 1.3006 | 1.3283 | 1.3424 | 1.3701 |
| Camarilla | 1.3028 | 1.3066 | 1.3105 | 1.3143 | 1.3181 | 1.3220 | 1.3258 |
| Woodie | 1.2516 | 1.2622 | 1.2934 | 1.3040 | 1.3352 | 1.3458 | 1.3770 |
| Fibonacci | 1.2588 | 1.2747 | 1.2846 | 1.3006 | 1.3165 | 1.3264 | 1.3424 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 64.32 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 12.7174 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 1.3174 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3152 | |
| Elder Ray (13): | 0.0015 | |
| Super Trend (3,10): | 1.3158 | |
| Zig ZAG (10): | 1.3191 | |
| VORTEX (21): | 1.0299 | |
| Stochastique (14,3,5): | 93.65 | |
| TEMA (21): | 1.3175 | |
| Williams %R (14): | -2.17 | |
| Chande Momentum Oscillator (20): | 0.0040 | |
| Repulse (5,40,3): | 0.1731 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0006 | |
| Courbe Coppock: | 0.05 |
| MA7: | 1.3106 | |
| MA20: | 1.3064 | |
| MA50: | 1.2963 | |
| MA100: | 1.2902 | |
| MAexp7: | 1.3178 | |
| MAexp20: | 1.3171 | |
| MAexp50: | 1.3163 | |
| MAexp100: | 1.3136 | |
| Price / MA7: | +0.69% | |
| Price / MA20: | +1.02% | |
| Price / MA50: | +1.81% | |
| Price / MA100: | +2.29% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.46% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on USD/CAD at the time of the analysis were as follows:
-
Technical Analysis: 09/09/2022 - USDCAD loses shine below July’s peak
-
Technical Analysis: 26/08/2022 - USDCAD stuck below 1.3026 for another week
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis USD/CAD - 15 min.