USD/CAD - Daily - Technical analysis published on 11/04/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 1.3550 CAD
My targets
1.3752 CAD (+0.0110)
1.3881 CAD (+0.0239)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.3550 CAD remains possible. It is advisable to trade USD/CAD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.3550 CAD. The next bullish objective for buyers is set at 1.3752 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3881 CAD. If there is any crossing, the next objective would be the resistance located at 1.4567 CAD. PS: if there is a bearish break in the support located at 1.3550 CAD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2
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Additional analysis
Quotes
USD/CAD rating 1.3642 CAD. On the day, this instrument lost -0.74% with the lowest point at 1.3629 CAD and the highest point at 1.3746 CAD. The deviation from the price is +0.10% for the low point and -0.76% for the high point.1.3629
1.3746
1.3642
Here is a more detailed summary of the historical variations registered by USD/CAD:
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
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 the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
On the 18 technical indicators analysed, 4 are bullish, 7 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2986 | 1.3348 | 1.3550 | 1.3642 | 1.3752 | 1.3881 | 1.4567 |
| Change (%) | -4.81% | -2.16% | -0.67% | - | +0.81% | +1.75% | +6.78% |
| Change | -0.0656 | -0.0294 | -0.0092 | - | +0.0110 | +0.0239 | +0.0925 |
| Level | Major | Minor | Intermediate | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3555 | 1.3618 | 1.3681 | 1.3744 | 1.3807 | 1.3870 | 1.3933 |
| Camarilla | 1.3708 | 1.3720 | 1.3732 | 1.3743 | 1.3755 | 1.3766 | 1.3778 |
| Woodie | 1.3554 | 1.3618 | 1.3680 | 1.3744 | 1.3806 | 1.3870 | 1.3932 |
| Fibonacci | 1.3618 | 1.3667 | 1.3696 | 1.3744 | 1.3793 | 1.3822 | 1.3870 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3191 | 1.3343 | 1.3470 | 1.3622 | 1.3749 | 1.3901 | 1.4028 |
| Camarilla | 1.3519 | 1.3545 | 1.3570 | 1.3596 | 1.3622 | 1.3647 | 1.3673 |
| Woodie | 1.3178 | 1.3337 | 1.3457 | 1.3616 | 1.3736 | 1.3895 | 1.4015 |
| Fibonacci | 1.3343 | 1.3450 | 1.3516 | 1.3622 | 1.3729 | 1.3795 | 1.3901 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2931 | 1.3213 | 1.3413 | 1.3695 | 1.3895 | 1.4177 | 1.4377 |
| Camarilla | 1.3480 | 1.3524 | 1.3568 | 1.3612 | 1.3656 | 1.3700 | 1.3745 |
| Woodie | 1.2889 | 1.3193 | 1.3371 | 1.3675 | 1.3853 | 1.4157 | 1.4335 |
| Fibonacci | 1.3213 | 1.3398 | 1.3511 | 1.3695 | 1.3880 | 1.3993 | 1.4177 |
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): | 50.88 | |
| MACD (12,26,9): | 0.0033 | |
| Directional Movement: | 5.2718 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 1.3713 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3502 | |
| Elder Ray (13): | 0.0025 | |
| Super Trend (3,10): | 1.3395 | |
| Zig ZAG (10): | 1.3638 | |
| VORTEX (21): | 1.0204 | |
| Stochastique (14,3,5): | 52.91 | |
| TEMA (21): | 1.3650 | |
| Williams %R (14): | -60.45 | |
| Chande Momentum Oscillator (20): | -0.0135 | |
| Repulse (5,40,3): | -0.3739 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0555 | |
| Courbe Coppock: | 1.81 |
| MA7: | 1.3641 | |
| MA20: | 1.3701 | |
| MA50: | 1.3496 | |
| MA100: | 1.3207 | |
| MAexp7: | 1.3662 | |
| MAexp20: | 1.3652 | |
| MAexp50: | 1.3503 | |
| MAexp100: | 1.3295 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | -0.43% | |
| Price / MA50: | +1.08% | |
| Price / MA100: | +3.29% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | +1.03% | |
| Price / MAexp100: | +2.61% |
Quotes :
-
Real time data
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Forex
News
Don't forget to follow the news on USD/CAD. At the time of publication of this analysis, the latest news was as follows:
-
USD/CAD Forecast November 1, 2022
-
Technical Analysis: 21/10/2022 - USDCAD trapped below 1.3800; uptrend intact
-
USD/CAD Breakout | Tuesday Market Outlook with Michael Boutros
-
USD/CAD Technical Outlook: Big Reversal Sets Up the Downside
-
Technical Analysis: 14/10/2022 - USDCAD retraces after hitting fresh 29-month high
This member declared not having a position on this financial instrument or a related financial instrument.
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