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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 01/30/2023 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.3341 CAD
My targets
1.3409 CAD (+0.0043)
1.3532 CAD (+0.0166)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on USD/CAD. This is a positive signal for buyers. As long as the price remains above 1.3341 CAD, a purchase could be considered. The first bullish objective is located at 1.3409 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.3532 CAD as an objective. Crossing it would then enable buyers to target 1.3752 CAD. In the event of a return below 1.3341 CAD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5

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.

palaki06
This analysis was given by palaki06. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/CAD price is 1.3366 CAD. The price has increased by +0.42% since the last closing and was traded between 1.3300 CAD and 1.3368 CAD over the period. The price is currently at +0.50% from its lowest and -0.01% from its highest.

1.3300
1.3368
1.3366

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
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


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 bullish. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour



The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

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 2

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

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 1.3281 1.3312 1.3341 1.3366 1.3409 1.3532 1.3752
Change (%) -0.64% -0.40% -0.19% - +0.32% +1.24% +2.89%
Change -0.0085 -0.0054 -0.0025 - +0.0043 +0.0166 +0.0386
Level Major Minor Intermediate - Minor Major Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.32441.32721.32911.33191.33381.33661.3385
Camarilla1.32971.33011.33061.33101.33141.33191.3323
Woodie1.32401.32701.32871.33171.33341.33641.3381
Fibonacci1.32721.32901.33011.33191.33371.33481.3366


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.31361.32181.32641.33461.33921.34741.3520
Camarilla1.32751.32871.32981.33101.33221.33341.3345
Woodie1.31181.32091.32461.33371.33741.34651.3502
Fibonacci1.32181.32671.32971.33461.33951.34251.3474


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.30581.32211.33791.35421.37001.38631.4021
Camarilla1.34491.34781.35081.35371.35661.35961.3625
Woodie1.30561.32201.33771.35411.36981.38621.4019
Fibonacci1.32211.33441.34191.35421.36651.37401.3863

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): 65.28
MACD (12,26,9): 0.0008
Directional Movement: 9.9502
AROON (14): 100.0000
DEMA (21): 1.3346
Parabolic SAR (0,02-0,02-0,2): 1.3323
Elder Ray (13): 0.0019
Super Trend (3,10): 1.3308
Zig ZAG (10): 1.3366
VORTEX (21): 1.1466
Stochastique (14,3,5): 88.29
TEMA (21): 1.3357
Williams %R (14): -1.96
Chande Momentum Oscillator (20): 0.0034
Repulse (5,40,3): 0.1939
ROCnROLL: 1
TRIX (15,9): 0.0046
Courbe Coppock: 0.43
MA7: 1.3357
MA20: 1.3422
MA50: 1.3499
MA100: 1.3527
MAexp7: 1.3351
MAexp20: 1.3338
MAexp50: 1.3337
MAexp100: 1.3349
Price / MA7: +0.07%
Price / MA20: -0.42%
Price / MA50: -0.99%
Price / MA100: -1.19%
Price / MAexp7: +0.11%
Price / MAexp20: +0.21%
Price / MAexp50: +0.22%
Price / MAexp100: +0.13%

Quotes : - Real time data - Forex

News


The last news published on USD/CAD at the time of the generation of this analysis was as follows:

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

About author

Londinia
Londinia AI

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