USD/CAD - 1H - Technical analysis published on 10/02/2022 (GMT)
- 122
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.3752 CAD
My targets
1.3833 CAD (+0.0020)
1.4021 CAD (+0.0208)
My analysis
The bullish trend is currently very strong on USD/CAD. As long as the price remains above the support at 1.3752 CAD, you could try to benefit from the boom. The first bullish objective is located at 1.3833 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.4021 CAD as an objective. Crossing it would then enable buyers to target 1.4567 CAD. 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
8.4
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 price is 1.3813 CAD. The price is lower by -0.12% since the last closing with the lowest point at 1.3806 CAD and the highest point at 1.3827 CAD. The deviation from the price is +0.05% for the low point and -0.10% for the high point.1.3806
1.3827
1.3813
A study of price movements over other periods shows the following variations:
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 USD/CAD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% 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, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.3544 | 1.3658 | 1.3752 | 1.3813 | 1.3833 | 1.4567 |
| Change (%) | -1.95% | -1.12% | -0.44% | - | +0.14% | +5.46% |
| Change | -0.0269 | -0.0155 | -0.0061 | - | +0.0020 | +0.0754 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major |
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 | 1.3532 | 1.3595 | 1.3712 | 1.3775 | 1.3892 | 1.3955 | 1.4072 |
| Camarilla | 1.3780 | 1.3796 | 1.3813 | 1.3829 | 1.3846 | 1.3862 | 1.3879 |
| Woodie | 1.3559 | 1.3609 | 1.3739 | 1.3789 | 1.3919 | 1.3969 | 1.4099 |
| Fibonacci | 1.3595 | 1.3664 | 1.3706 | 1.3775 | 1.3844 | 1.3886 | 1.3955 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3367 | 1.3463 | 1.3646 | 1.3742 | 1.3925 | 1.4021 | 1.4204 |
| Camarilla | 1.3752 | 1.3778 | 1.3803 | 1.3829 | 1.3855 | 1.3880 | 1.3906 |
| Woodie | 1.3411 | 1.3485 | 1.3690 | 1.3764 | 1.3969 | 1.4043 | 1.4248 |
| Fibonacci | 1.3463 | 1.3570 | 1.3635 | 1.3742 | 1.3849 | 1.3914 | 1.4021 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2359 | 1.2656 | 1.3243 | 1.3540 | 1.4127 | 1.4424 | 1.5011 |
| Camarilla | 1.3586 | 1.3667 | 1.3748 | 1.3829 | 1.3910 | 1.3991 | 1.4072 |
| Woodie | 1.2503 | 1.2729 | 1.3387 | 1.3613 | 1.4271 | 1.4497 | 1.5155 |
| Fibonacci | 1.2656 | 1.2994 | 1.3203 | 1.3540 | 1.3878 | 1.4087 | 1.4424 |
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): | 70.52 | |
| MACD (12,26,9): | 0.0031 | |
| Directional Movement: | 18.8371 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 1.3784 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3728 | |
| Elder Ray (13): | 0.0052 | |
| Super Trend (3,10): | 1.3720 | |
| Zig ZAG (10): | 1.3829 | |
| VORTEX (21): | 1.2043 | |
| Stochastique (14,3,5): | 94.48 | |
| TEMA (21): | 1.3808 | |
| Williams %R (14): | -5.00 | |
| Chande Momentum Oscillator (20): | 0.0161 | |
| Repulse (5,40,3): | 0.3816 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0188 | |
| Courbe Coppock: | 1.37 |
| MA7: | 1.3661 | |
| MA20: | 1.3353 | |
| MA50: | 1.3095 | |
| MA100: | 1.2975 | |
| MAexp7: | 1.3793 | |
| MAexp20: | 1.3750 | |
| MAexp50: | 1.3720 | |
| MAexp100: | 1.3685 | |
| Price / MA7: | +1.11% | |
| Price / MA20: | +3.44% | |
| Price / MA50: | +5.48% | |
| Price / MA100: | +6.46% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.46% | |
| Price / MAexp50: | +0.68% | |
| Price / MAexp100: | +0.94% |
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: 30/09/2022 - USDCAD curbs exponential growth; support at 1.3600
-
USD/CAD Forecast September 30, 2022
-
USDCAD Reversal Risk is Rising Quickly
-
USD/CAD Forecast September 26, 2022
-
Technical Analysis: 23/09/2022 - USDCAD unlocks fresh 26-month high
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 - 1H