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

USD/CAD - 15 min. - Technical analysis published on 10/02/2022 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.3775 CAD
My targets
1.3892 CAD (+0.0084)
1.3955 CAD (+0.0147)
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 1.3775 CAD. The buyers' bullish objective is set at 1.3892 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3955 CAD. If there is any crossing, the next objective would be the resistance located at 1.4072 CAD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
8.6

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:
1H Daily Weekly

Additional analysis

Quotes

USD/CAD rating 1.3808 CAD. On the day, this instrument lost -0.15% and was traded between 1.3807 CAD and 1.3827 CAD over the period. The price is currently at +0.01% from its lowest and -0.14% from its highest.

1.3807
1.3827
1.3808

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

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 15 min. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

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 : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 15 minutes



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 15 minutes



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 1.3544 1.3658 1.3752 1.3808 1.3833 1.4567
Change (%) -1.91% -1.09% -0.41% - +0.18% +5.50%
Change -0.0264 -0.0150 -0.0056 - +0.0025 +0.0759
Level Minor Intermediate 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
Standard1.35321.35951.37121.37751.38921.39551.4072
Camarilla1.37801.37961.38131.38291.38461.38621.3879
Woodie1.35591.36091.37391.37891.39191.39691.4099
Fibonacci1.35951.36641.37061.37751.38441.38861.3955


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.33671.34631.36461.37421.39251.40211.4204
Camarilla1.37521.37781.38031.38291.38551.38801.3906
Woodie1.34111.34851.36901.37641.39691.40431.4248
Fibonacci1.34631.35701.36351.37421.38491.39141.4021


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.23591.26561.32431.35401.41271.44241.5011
Camarilla1.35861.36671.37481.38291.39101.39911.4072
Woodie1.25031.27291.33871.36131.42711.44971.5155
Fibonacci1.26561.29941.32031.35401.38781.40871.4424

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): 70.07
MACD (12,26,9): 0.0022
Directional Movement: 22.2838
AROON (14): 100.0000
DEMA (21): 1.3829
Parabolic SAR (0,02-0,02-0,2): 1.3800
Elder Ray (13): 0.0022
Super Trend (3,10): 1.3786
Zig ZAG (10): 1.3829
VORTEX (21): 1.3435
Stochastique (14,3,5): 82.13
TEMA (21): 1.3834
Williams %R (14): -17.31
Chande Momentum Oscillator (20): 0.0024
Repulse (5,40,3): 0.0857
ROCnROLL: 1
TRIX (15,9): 0.0242
Courbe Coppock: 0.55
MA7: 1.3661
MA20: 1.3353
MA50: 1.3095
MA100: 1.2975
MAexp7: 1.3819
MAexp20: 1.3799
MAexp50: 1.3763
MAexp100: 1.3738
Price / MA7: +1.08%
Price / MA20: +3.41%
Price / MA50: +5.44%
Price / MA100: +6.42%
Price / MAexp7: -0.08%
Price / MAexp20: +0.07%
Price / MAexp50: +0.33%
Price / MAexp100: +0.51%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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