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USD/CAD
USD CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDCAD
ISIN:

USD/CAD - 1H - Technical analysis published on 12/07/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 1.3613 CAD
My targets
1.3676 CAD (+0.0028)
1.3752 CAD (+0.0104)
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 1.3613 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 1.3613 CAD. The next bullish objective for buyers is set at 1.3676 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3752 CAD. If there is any crossing, the next objective would be the resistance located at 1.3881 CAD. PS: if there is a bearish break in the support located at 1.3613 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.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.6

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.

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15 min. Daily Weekly

Additional analysis

Quotes

The USD/CAD rating is 1.3648 CAD. The price registered a decrease of -0.02% on the session and was traded between 1.3589 CAD and 1.3700 CAD over the period. The price is currently at +0.43% from its lowest and -0.38% from its highest.

1.3589
1.3700
1.3648

Here is a more detailed summary of the historical variations registered by USD/CAD:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this USD/CAD chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.3408 1.3473 1.3646 1.3648 1.3676 1.3752 1.3881
Change (%) -1.76% -1.28% -0.01% - +0.21% +0.76% +1.71%
Change -0.0240 -0.0175 -0.0002 - +0.0028 +0.0104 +0.0233
Level Major Intermediate Minor - Intermediate Major Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.34821.35261.35881.36321.36941.37381.3800
Camarilla1.36211.36311.36401.36501.36601.36691.3679
Woodie1.34911.35311.35971.36371.37031.37431.3809
Fibonacci1.35261.35671.35921.36321.36731.36981.3738


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.30931.32401.33531.35001.36131.37601.3873
Camarilla1.33961.34191.34431.34671.34911.35151.3539
Woodie1.30771.32321.33371.34921.35971.37521.3857
Fibonacci1.32401.33391.34001.35001.35991.36601.3760


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.25761.29011.31581.34831.37401.40651.4322
Camarilla1.32551.33081.33621.34151.34681.35221.3575
Woodie1.25421.28841.31241.34661.37061.40481.4288
Fibonacci1.29011.31231.32611.34831.37051.38431.4065

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 50.69
MACD (12,26,9): 0.0007
Directional Movement: -11.9951
AROON (14): -42.8571
DEMA (21): 1.3663
Parabolic SAR (0,02-0,02-0,2): 1.3689
Elder Ray (13): -0.0025
Super Trend (3,10): 1.3695
Zig ZAG (10): 1.3647
VORTEX (21): 0.8739
Stochastique (14,3,5): 31.05
TEMA (21): 1.3647
Williams %R (14): -52.25
Chande Momentum Oscillator (20): -0.0006
Repulse (5,40,3): 0.0109
ROCnROLL: -1
TRIX (15,9): 0.0151
Courbe Coppock: 0.02
MA7: 1.3541
MA20: 1.3420
MA50: 1.3568
MA100: 1.3314
MAexp7: 1.3646
MAexp20: 1.3649
MAexp50: 1.3614
MAexp100: 1.3564
Price / MA7: +0.79%
Price / MA20: +1.70%
Price / MA50: +0.59%
Price / MA100: +2.51%
Price / MAexp7: +0.01%
Price / MAexp20: -0.01%
Price / MAexp50: +0.25%
Price / MAexp100: +0.62%

Quotes : - Real time data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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