USD/CAD - 15 min. - Technical analysis published on 02/01/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 1.3360 CAD
My targets
1.3247 CAD (-0.0061)
1.3187 CAD (-0.0121)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/CAD as long as the price remains well below 1.3360 CAD. The sellers' bearish objective is set at 1.3247 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3187 CAD. In case of crossing, the next objective would be the support located at 1.3074 CAD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.4
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This analysis was given by MagicMizrahi. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/CAD rating 1.3308 CAD. The price has increased by +0.00% since the last closing with the lowest point at 1.3298 CAD and the highest point at 1.3325 CAD. The deviation from the price is +0.08% for the low point and -0.13% for the high point.1.3298
1.3325
1.3308
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
A technical analysis in 15 min. of this USD/CAD chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 8 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 15 minutes
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2986 | 1.3281 | 1.3300 | 1.3308 | 1.3341 | 1.3385 | 1.3428 |
| Change (%) | -2.42% | -0.20% | -0.06% | - | +0.25% | +0.58% | +0.90% |
| Change | -0.0322 | -0.0027 | -0.0008 | - | +0.0033 | +0.0077 | +0.0120 |
| Level | Major | Major | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3074 | 1.3187 | 1.3247 | 1.3360 | 1.3420 | 1.3533 | 1.3593 |
| Camarilla | 1.3260 | 1.3276 | 1.3292 | 1.3308 | 1.3324 | 1.3340 | 1.3356 |
| Woodie | 1.3049 | 1.3174 | 1.3222 | 1.3347 | 1.3395 | 1.3520 | 1.3568 |
| Fibonacci | 1.3187 | 1.3253 | 1.3294 | 1.3360 | 1.3426 | 1.3467 | 1.3533 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3136 | 1.3218 | 1.3264 | 1.3346 | 1.3392 | 1.3474 | 1.3520 |
| Camarilla | 1.3275 | 1.3287 | 1.3298 | 1.3310 | 1.3322 | 1.3334 | 1.3345 |
| Woodie | 1.3118 | 1.3209 | 1.3246 | 1.3337 | 1.3374 | 1.3465 | 1.3502 |
| Fibonacci | 1.3218 | 1.3267 | 1.3297 | 1.3346 | 1.3395 | 1.3425 | 1.3474 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2790 | 1.3045 | 1.3176 | 1.3431 | 1.3562 | 1.3817 | 1.3948 |
| Camarilla | 1.3202 | 1.3237 | 1.3273 | 1.3308 | 1.3343 | 1.3379 | 1.3414 |
| Woodie | 1.2729 | 1.3014 | 1.3115 | 1.3400 | 1.3501 | 1.3786 | 1.3887 |
| Fibonacci | 1.3045 | 1.3192 | 1.3283 | 1.3431 | 1.3578 | 1.3669 | 1.3817 |
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): | 46.07 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 3.8645 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 1.3314 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3324 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 1.3305 | |
| Zig ZAG (10): | 1.3310 | |
| VORTEX (21): | 0.9065 | |
| Stochastique (14,3,5): | 47.41 | |
| TEMA (21): | 1.3316 | |
| Williams %R (14): | -83.33 | |
| Chande Momentum Oscillator (20): | 0.0002 | |
| Repulse (5,40,3): | -0.0029 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0010 | |
| Courbe Coppock: | 0.06 |
| MA7: | 1.3340 | |
| MA20: | 1.3396 | |
| MA50: | 1.3497 | |
| MA100: | 1.3530 | |
| MAexp7: | 1.3314 | |
| MAexp20: | 1.3314 | |
| MAexp50: | 1.3320 | |
| MAexp100: | 1.3336 | |
| Price / MA7: | -0.24% | |
| Price / MA20: | -0.66% | |
| Price / MA50: | -1.40% | |
| Price / MA100: | -1.64% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -0.20% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on USD/CAD at the time of the analysis were as follows:
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Technical Analysis: 25/01/2023 - USDCAD bears seek dominance as BoC rate decision looms
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USD/CAD Forecast January 24, 2023
-
Technical Analysis: 20/01/2023 - USDCAD battles with 50-day SMA
-
USD/CAD Forecast January 16, 2023
-
Technical Analysis: 13/01/2023 - USDCAD turns bearish in short-term after recent slump
This member declared not having a position on this financial instrument or a related financial instrument.
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