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 10/27/2022 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
11%
67%
22%
My opinion
Bullish above 1.3348 CAD
My targets
1.3687 CAD (+0.0164)
1.3874 CAD (+0.0351)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on USD/CAD. As long as you are above the support located at 1.3348 CAD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.3687 CAD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.3874 CAD as an objective. Crossing it would then enable buyers to target 1.4567 CAD. If the support 1.3348 CAD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
0.7

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 price is 1.3523 CAD. The price is lower by -0.20% since the last closing and was between 1.3496 CAD and 1.3627 CAD. This implies that the price is at +0.20% from its lowest and at -0.76% from its highest.

1.3496
1.3627
1.3523

Here is a more detailed summary of the historical variations registered by USD/CAD:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of USD/CAD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : Daily


Support of channel is broken

Type : Bearish

Timeframe : Daily



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.2765 1.2986 1.3348 1.3523 1.3687 1.3874 1.4567
Change (%) -5.61% -3.97% -1.29% - +1.21% +2.60% +7.72%
Change -0.0758 -0.0537 -0.0175 - +0.0164 +0.0351 +0.1044
Level Minor Major Minor - Intermediate Major Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.33451.34271.34881.35701.36311.37131.3774
Camarilla1.35111.35241.35371.35501.35631.35761.3589
Woodie1.33361.34221.34791.35651.36221.37081.3765
Fibonacci1.34271.34811.35151.35701.36241.36581.3713


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.33041.34671.35551.37181.38061.39691.4057
Camarilla1.35741.35971.36201.36431.36661.36891.3712
Woodie1.32671.34481.35181.36991.37691.39501.4020
Fibonacci1.34671.35631.36221.37181.38141.38731.3969


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): 44.22
MACD (12,26,9): 0.0045
Directional Movement: 3.3897
AROON (14): -71.4286
DEMA (21): 1.3732
Parabolic SAR (0,02-0,02-0,2): 1.3929
Elder Ray (13): -0.0095
Super Trend (3,10): 1.3395
Zig ZAG (10): 1.3516
VORTEX (21): 0.9673
Stochastique (14,3,5): 9.00
TEMA (21): 1.3659
Williams %R (14): -96.47
Chande Momentum Oscillator (20): -0.0280
Repulse (5,40,3): -1.6204
ROCnROLL: -1
TRIX (15,9): 0.1098
Courbe Coppock: 0.90
MA7: 1.3654
MA20: 1.3704
MA50: 1.3415
MA100: 1.3161
MAexp7: 1.3626
MAexp20: 1.3640
MAexp50: 1.3459
MAexp100: 1.3247
Price / MA7: -0.96%
Price / MA20: -1.32%
Price / MA50: +0.81%
Price / MA100: +2.75%
Price / MAexp7: -0.76%
Price / MAexp20: -0.86%
Price / MAexp50: +0.48%
Price / MAexp100: +2.08%

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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