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

USD/CAD - Daily - Technical analysis published on 09/23/2022 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.3348 CAD
My targets
1.3752 CAD (+0.0205)
1.4567 CAD (+0.1020)
My analysis
The bullish trend is currently very strong on USD/CAD. As long as the price remains above the support at 1.3348 CAD, you could try to benefit from the boom. The first bullish objective is located at 1.3752 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.4567 CAD as an objective. 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.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9

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:
15 min. 1H Weekly

Additional analysis

Quotes

The USD/CAD price is 1.3547 CAD. The price registered an increase of +0.55% on the session with the lowest point at 1.3468 CAD and the highest point at 1.3547 CAD. The deviation from the price is +0.59% for the low point and 0% for the high point.

1.3468
1.3547
1.3547

Here is a more detailed summary of the historical variations registered by USD/CAD:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 Daily 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 1.2891 1.2986 1.3348 1.3547 1.3752 1.4567
Change (%) -4.84% -4.14% -1.47% - +1.51% +7.53%
Change -0.0656 -0.0561 -0.0199 - +0.0205 +0.1020
Level Minor Major Major - Intermediate Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.32721.33401.34071.34751.35421.36101.3677
Camarilla1.34361.34481.34611.34731.34851.34981.3510
Woodie1.32711.33401.34061.34751.35411.36101.3676
Fibonacci1.33401.33921.34241.34751.35271.35591.3610


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.26891.28211.30431.31751.33971.35291.3751
Camarilla1.31671.31991.32321.32641.32971.33291.3361
Woodie1.27331.28441.30871.31981.34411.35521.3795
Fibonacci1.28211.29571.30401.31751.33111.33941.3529


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.24471.25881.28651.30061.32831.34241.3701
Camarilla1.30281.30661.31051.31431.31811.32201.3258
Woodie1.25161.26221.29341.30401.33521.34581.3770
Fibonacci1.25881.27471.28461.30061.31651.32641.3424

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): 75.54
MACD (12,26,9): 0.0127
Directional Movement: 23.8497
AROON (14): 57.1429
DEMA (21): 1.3378
Parabolic SAR (0,02-0,02-0,2): 1.3165
Elder Ray (13): 0.0209
Super Trend (3,10): 1.3189
Zig ZAG (10): 1.3546
VORTEX (21): 1.2632
Stochastique (14,3,5): 95.55
TEMA (21): 1.3452
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 0.0416
Repulse (5,40,3): 1.5732
ROCnROLL: 1
TRIX (15,9): 0.0980
Courbe Coppock: 4.13
MA7: 1.3374
MA20: 1.3198
MA50: 1.3013
MA100: 1.2939
MAexp7: 1.3391
MAexp20: 1.3227
MAexp50: 1.3078
MAexp100: 1.2965
Price / MA7: +1.29%
Price / MA20: +2.64%
Price / MA50: +4.10%
Price / MA100: +4.70%
Price / MAexp7: +1.16%
Price / MAexp20: +2.42%
Price / MAexp50: +3.59%
Price / MAexp100: +4.49%

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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