USD/CAD - 15 min. - Technical analysis published on 09/23/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.3475 CAD
My targets
1.3542 CAD (+0.0015)
1.3610 CAD (+0.0083)
My analysis
USD/CAD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.3475 CAD. The next resistance located at 1.3542 CAD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.3610 CAD. After this resistance, buyers could then target 1.3677 CAD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.9
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This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/CAD rating 1.3527 CAD. The price has increased by +0.40% since the last closing with the lowest point at 1.3468 CAD and the highest point at 1.3529 CAD. The deviation from the price is +0.44% for the low point and -0.01% for the high point.1.3468
1.3529
1.3527
Here is a more detailed summary of the historical variations registered by USD/CAD:
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
Technical analysis of USD/CAD in 15 min. shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly 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 trend reversal : Moving Average 100
Type : Bullish
Timeframe : 15 minutes
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
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
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 15 minutes
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.3348 | 1.3410 | 1.3513 | 1.3527 | 1.3752 | 1.4567 |
| Change (%) | -1.32% | -0.86% | -0.10% | - | +1.66% | +7.69% |
| Change | -0.0179 | -0.0117 | -0.0014 | - | +0.0225 | +0.1040 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | 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 | 1.3272 | 1.3340 | 1.3407 | 1.3475 | 1.3542 | 1.3610 | 1.3677 |
| Camarilla | 1.3436 | 1.3448 | 1.3461 | 1.3473 | 1.3485 | 1.3498 | 1.3510 |
| Woodie | 1.3271 | 1.3340 | 1.3406 | 1.3475 | 1.3541 | 1.3610 | 1.3676 |
| Fibonacci | 1.3340 | 1.3392 | 1.3424 | 1.3475 | 1.3527 | 1.3559 | 1.3610 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2689 | 1.2821 | 1.3043 | 1.3175 | 1.3397 | 1.3529 | 1.3751 |
| Camarilla | 1.3167 | 1.3199 | 1.3232 | 1.3264 | 1.3297 | 1.3329 | 1.3361 |
| Woodie | 1.2733 | 1.2844 | 1.3087 | 1.3198 | 1.3441 | 1.3552 | 1.3795 |
| Fibonacci | 1.2821 | 1.2957 | 1.3040 | 1.3175 | 1.3311 | 1.3394 | 1.3529 |
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): | 71.48 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 20.2876 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 1.3516 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3508 | |
| Elder Ray (13): | 0.0017 | |
| Super Trend (3,10): | 1.3496 | |
| Zig ZAG (10): | 1.3526 | |
| VORTEX (21): | 1.2329 | |
| Stochastique (14,3,5): | 96.83 | |
| TEMA (21): | 1.3524 | |
| Williams %R (14): | -5.66 | |
| Chande Momentum Oscillator (20): | 0.0037 | |
| Repulse (5,40,3): | 0.0550 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0078 | |
| Courbe Coppock: | 0.44 |
| MA7: | 1.3372 | |
| MA20: | 1.3197 | |
| MA50: | 1.3013 | |
| MA100: | 1.2939 | |
| MAexp7: | 1.3518 | |
| MAexp20: | 1.3503 | |
| MAexp50: | 1.3492 | |
| MAexp100: | 1.3483 | |
| Price / MA7: | +1.16% | |
| Price / MA20: | +2.50% | |
| Price / MA50: | +3.95% | |
| Price / MA100: | +4.54% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.33% |
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: 23/09/2022 - USDCAD unlocks fresh 26-month high
-
Technical Analysis: 16/09/2022 - USDCAD storms to fresh 22-month high
-
USD/CAD Could Soon Sustain a Breakout
-
Technical Analysis: 09/09/2022 - USDCAD loses shine below July’s peak
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Technical Analysis: 26/08/2022 - USDCAD stuck below 1.3026 for another week
This member declared not having a position on this financial instrument or a related financial instrument.
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