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 09/26/2022 (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 (+0.0119)
1.4110 CAD (+0.0477)
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 1.3348 CAD. The next resistance located at 1.3752 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 1.4110 CAD. After this resistance, buyers could then target 1.4567 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.

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
8.9

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 rating is 1.3633 CAD. The price has increased by +0.35% since the last closing with the lowest point at 1.3559 CAD and the highest point at 1.3638 CAD. The deviation from the price is +0.55% for the low point and -0.04% for the high point.

1.3559
1.3638
1.3633

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of USD/CAD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily


Resistance of channel is broken

Type : Bullish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 1.2891 1.2986 1.3348 1.3633 1.3752 1.4567
Change (%) -5.44% -4.75% -2.09% - +0.87% +6.85%
Change -0.0742 -0.0647 -0.0285 - +0.0119 +0.0934
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
Standard1.33531.34111.34981.35561.36431.37011.3788
Camarilla1.35461.35591.35731.35861.35991.36131.3626
Woodie1.33691.34181.35141.35631.36591.37081.3804
Fibonacci1.34111.34661.35001.35561.36111.36451.3701


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.29521.30891.33381.34751.37241.38611.4110
Camarilla1.34801.35151.35511.35861.36211.36571.3692
Woodie1.30071.31171.33931.35031.37791.38891.4165
Fibonacci1.30891.32371.33281.34751.36231.37141.3861


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): 77.91
MACD (12,26,9): 0.0145
Directional Movement: 27.1482
AROON (14): 64.2857
DEMA (21): 1.3440
Parabolic SAR (0,02-0,02-0,2): 1.3237
Elder Ray (13): 0.0246
Super Trend (3,10): 1.3269
Zig ZAG (10): 1.3626
VORTEX (21): 1.3007
Stochastique (14,3,5): 94.43
TEMA (21): 1.3528
Williams %R (14): -0.30
Chande Momentum Oscillator (20): 0.0548
Repulse (5,40,3): 1.6267
ROCnROLL: 1
TRIX (15,9): 0.1101
Courbe Coppock: 5.13
MA7: 1.3434
MA20: 1.3231
MA50: 1.3027
MA100: 1.2946
MAexp7: 1.3458
MAexp20: 1.3269
MAexp50: 1.3101
MAexp100: 1.2979
Price / MA7: +1.48%
Price / MA20: +3.04%
Price / MA50: +4.65%
Price / MA100: +5.31%
Price / MAexp7: +1.30%
Price / MAexp20: +2.74%
Price / MAexp50: +4.06%
Price / MAexp100: +5.04%

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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