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 10/02/2022 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 1.3752 CAD
My targets
1.4127 CAD (+0.0314)
1.4567 CAD (+0.0754)
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 1.3752 CAD. The buyers' bullish objective is set at 1.4127 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.4567 CAD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
8.6

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:
15 min. 1H Weekly

Additional analysis

Quotes

The USD/CAD rating is 1.3813 CAD. The price is lower by -0.12% since the last closing and was between 1.3806 CAD and 1.3827 CAD. This implies that the price is at +0.05% from its lowest and at -0.10% from its highest.

1.3806
1.3827
1.3813

So that you have an overall view of the price change, here is a table showing the variations over several periods:
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


RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



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

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : Daily


Bearish harami cross

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 1.2986 1.3348 1.3752 1.3813 1.4567
Change (%) -5.99% -3.37% -0.44% - +5.46%
Change -0.0827 -0.0465 -0.0061 - +0.0754
Level Major Intermediate Major - 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
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 76.78
MACD (12,26,9): 0.0197
Directional Movement: 30.1419
AROON (14): 92.8571
DEMA (21): 1.3701
Parabolic SAR (0,02-0,02-0,2): 1.3625
Elder Ray (13): 0.0249
Super Trend (3,10): 1.3430
Zig ZAG (10): 1.3813
VORTEX (21): 1.2835
Stochastique (14,3,5): 92.24
TEMA (21): 1.3806
Williams %R (14): -4.43
Chande Momentum Oscillator (20): 0.0558
Repulse (5,40,3): 0.8173
ROCnROLL: 1
TRIX (15,9): 0.1712
Courbe Coppock: 8.73
MA7: 1.3709
MA20: 1.3388
MA50: 1.3114
MA100: 1.2985
MAexp7: 1.3690
MAexp20: 1.3461
MAexp50: 1.3219
MAexp100: 1.3053
Price / MA7: +0.76%
Price / MA20: +3.17%
Price / MA50: +5.33%
Price / MA100: +6.38%
Price / MAexp7: +0.90%
Price / MAexp20: +2.61%
Price / MAexp50: +4.49%
Price / MAexp100: +5.82%

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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