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 10/20/2022 (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
50%
11%
39%
My opinion
Bullish above 1.3508 CAD
My targets
1.3829 CAD (+0.0061)
1.4127 CAD (+0.0359)
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 1.3508 CAD. The next resistance located at 1.3829 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 1.4127 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
7.3

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 1.3768 CAD. The price is lower by -0.04% since the last closing with the lowest point at 1.3750 CAD and the highest point at 1.3807 CAD. The deviation from the price is +0.13% for the low point and -0.28% for the high point.

1.3750
1.3807
1.3768

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 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, only 9 technical indicators out of 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 1.2986 1.3348 1.3508 1.3768 1.3829 1.4567
Change (%) -5.68% -3.05% -1.89% - +0.44% +5.80%
Change -0.0782 -0.0420 -0.0260 - +0.0061 +0.0799
Level Major Minor Minor - Major Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.36341.36771.37251.37681.38161.38591.3907
Camarilla1.37491.37571.37661.37741.37821.37911.3799
Woodie1.36381.36781.37291.37691.38201.38601.3911
Fibonacci1.36771.37111.37331.37681.38021.38241.3859


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.34551.35791.37301.38541.40051.41291.4280
Camarilla1.38051.38311.38561.38811.39061.39311.3957
Woodie1.34691.35861.37441.38611.40191.41361.4294
Fibonacci1.35791.36841.37491.38541.39591.40241.4129


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): 59.23
MACD (12,26,9): 0.0124
Directional Movement: 15.2336
AROON (14): 50.0000
DEMA (21): 1.3846
Parabolic SAR (0,02-0,02-0,2): 1.3602
Elder Ray (13): 0.0050
Super Trend (3,10): 1.3395
Zig ZAG (10): 1.3764
VORTEX (21): 1.1190
Stochastique (14,3,5): 52.98
TEMA (21): 1.3840
Williams %R (14): -45.26
Chande Momentum Oscillator (20): 0.0256
Repulse (5,40,3): -0.2314
ROCnROLL: 1
TRIX (15,9): 0.1607
Courbe Coppock: 1.84
MA7: 1.3777
MA20: 1.3719
MA50: 1.3343
MA100: 1.3111
MAexp7: 1.3760
MAexp20: 1.3669
MAexp50: 1.3428
MAexp100: 1.3208
Price / MA7: -0.07%
Price / MA20: +0.36%
Price / MA50: +3.19%
Price / MA100: +5.01%
Price / MAexp7: +0.06%
Price / MAexp20: +0.72%
Price / MAexp50: +2.53%
Price / MAexp100: +4.24%

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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