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 10/06/2022 (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
72%
0%
28%
My opinion
Bullish above 1.3348 CAD
My targets
1.3874 CAD (+0.0153)
1.4127 CAD (+0.0406)
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 1.3348 CAD. The buyers' bullish objective is set at 1.3874 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.4127 CAD. If there is any crossing, the next objective would be 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.

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
8.4

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 gioviforex. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The USD/CAD rating is 1.3721 CAD. The price has increased by +0.91% since the last closing with the lowest point at 1.3564 CAD and the highest point at 1.3728 CAD. The deviation from the price is +1.16% for the low point and -0.05% for the high point.

1.3564
1.3728
1.3721

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

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


Technical analysis of USD/CAD in Daily shows a strongly overall 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

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 1.3721 1.3874 1.4567
Change (%) -6.05% -5.36% -2.72% - +1.12% +6.17%
Change -0.0830 -0.0735 -0.0373 - +0.0153 +0.0846
Level Minor Major Minor - Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.33081.34061.35011.35991.36941.37921.3887
Camarilla1.35441.35621.35791.35971.36151.36321.3650
Woodie1.33081.34051.35011.35981.36941.37911.3887
Fibonacci1.34061.34791.35251.35991.36721.37181.3792


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): 63.49
MACD (12,26,9): 0.0156
Directional Movement: 16.3026
AROON (14): 57.1429
DEMA (21): 1.3693
Parabolic SAR (0,02-0,02-0,2): 1.3814
Elder Ray (13): 0.0071
Super Trend (3,10): 1.3326
Zig ZAG (10): 1.3719
VORTEX (21): 1.1481
Stochastique (14,3,5): 64.39
TEMA (21): 1.3750
Williams %R (14): -18.99
Chande Momentum Oscillator (20): 0.0355
Repulse (5,40,3): 0.7567
ROCnROLL: 1
TRIX (15,9): 0.1747
Courbe Coppock: 6.73
MA7: 1.3655
MA20: 1.3450
MA50: 1.3156
MA100: 1.3006
MAexp7: 1.3635
MAexp20: 1.3486
MAexp50: 1.3256
MAexp100: 1.3081
Price / MA7: +0.48%
Price / MA20: +2.01%
Price / MA50: +4.29%
Price / MA100: +5.50%
Price / MAexp7: +0.63%
Price / MAexp20: +1.74%
Price / MAexp50: +3.51%
Price / MAexp100: +4.89%

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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