USD/CAD - 1H - Technical analysis published on 01/15/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
56%
0%
44%
My opinion
Bullish above 1.3357 CAD
My targets
1.3446 CAD (+0.0049)
1.3532 CAD (+0.0135)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for USD/CAD as long as the price remains well above 1.3357 CAD. The buyers' bullish objective is set at 1.3446 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3532 CAD. If there is any crossing, the next objective would be the resistance located at 1.3595 CAD.
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
3.2
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Additional analysis
Quotes
The USD/CAD rating is 1.3397 CAD. The price registered an increase of +0.14% on the session and was traded between 1.3321 CAD and 1.3440 CAD over the period. The price is currently at +0.57% from its lowest and -0.32% from its highest.1.3321
1.3440
1.3397
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
New LOW record (1st january)
Type : Bearish
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 1H chart of USD/CAD indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3281 | 1.3321 | 1.3357 | 1.3397 | 1.3446 | 1.3532 | 1.3595 |
| Change (%) | -0.87% | -0.57% | -0.30% | - | +0.37% | +1.01% | +1.48% |
| Change | -0.0116 | -0.0076 | -0.0040 | - | +0.0049 | +0.0135 | +0.0198 |
| Level | Major | Minor | Intermediate | - | Major | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3213 | 1.3267 | 1.3332 | 1.3386 | 1.3451 | 1.3505 | 1.3570 |
| Camarilla | 1.3364 | 1.3375 | 1.3386 | 1.3397 | 1.3408 | 1.3419 | 1.3430 |
| Woodie | 1.3219 | 1.3270 | 1.3338 | 1.3389 | 1.3457 | 1.3508 | 1.3576 |
| Fibonacci | 1.3267 | 1.3313 | 1.3341 | 1.3386 | 1.3432 | 1.3460 | 1.3505 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3186 | 1.3254 | 1.3325 | 1.3393 | 1.3464 | 1.3532 | 1.3603 |
| Camarilla | 1.3359 | 1.3372 | 1.3384 | 1.3397 | 1.3410 | 1.3423 | 1.3435 |
| Woodie | 1.3189 | 1.3255 | 1.3328 | 1.3394 | 1.3467 | 1.3533 | 1.3606 |
| Fibonacci | 1.3254 | 1.3307 | 1.3340 | 1.3393 | 1.3446 | 1.3479 | 1.3532 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3058 | 1.3221 | 1.3379 | 1.3542 | 1.3700 | 1.3863 | 1.4021 |
| Camarilla | 1.3449 | 1.3478 | 1.3508 | 1.3537 | 1.3566 | 1.3596 | 1.3625 |
| Woodie | 1.3056 | 1.3220 | 1.3377 | 1.3541 | 1.3698 | 1.3862 | 1.4019 |
| Fibonacci | 1.3221 | 1.3344 | 1.3419 | 1.3542 | 1.3665 | 1.3740 | 1.3863 |
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): | 52.10 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 2.0832 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 1.3392 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3367 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 1.3347 | |
| Zig ZAG (10): | 1.3397 | |
| VORTEX (21): | 1.0465 | |
| Stochastique (14,3,5): | 60.22 | |
| TEMA (21): | 1.3400 | |
| Williams %R (14): | -36.13 | |
| Chande Momentum Oscillator (20): | 0.0049 | |
| Repulse (5,40,3): | 0.0116 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0004 | |
| Courbe Coppock: | 0.47 |
| MA7: | 1.3434 | |
| MA20: | 1.3532 | |
| MA50: | 1.3496 | |
| MA100: | 1.3495 | |
| MAexp7: | 1.3396 | |
| MAexp20: | 1.3391 | |
| MAexp50: | 1.3395 | |
| MAexp100: | 1.3413 | |
| Price / MA7: | -0.28% | |
| Price / MA20: | -1.00% | |
| Price / MA50: | -0.73% | |
| Price / MA100: | -0.73% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | -0.12% |
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 January 16, 2023
-
Technical Analysis: 13/01/2023 - USDCAD turns bearish in short-term after recent slump
-
Trade of the Week 9/1/22: short USD/CAD
-
USD/CAD Forecast January 5, 2023
-
USDCAD Forecast December 29, 2022
This member declared not having a position on this financial instrument or a related financial instrument.
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