USD/CAD - 15 min. - Technical analysis published on 03/22/2023 (GMT)
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- Timeframe : 15 min.
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- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 1.3697 CAD
My targets
1.3749 CAD (+0.0027)
1.3790 CAD (+0.0068)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/CAD as long as the price remains well above 1.3697 CAD. The buyers' bullish objective is set at 1.3749 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3790 CAD. If there is any crossing, the next objective would be the resistance located at 1.3842 CAD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
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Additional analysis
Quotes
USD/CAD rating 1.3722 CAD. On the day, this instrument gained +0.10% and was traded between 1.3657 CAD and 1.3745 CAD over the period. The price is currently at +0.48% from its lowest and -0.17% from its highest.1.3657
1.3745
1.3722
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of USD/CAD in 15 min. shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3651 | 1.3678 | 1.3700 | 1.3722 | 1.3752 | 1.3773 | 1.3814 |
| Change (%) | -0.52% | -0.32% | -0.16% | - | +0.22% | +0.37% | +0.67% |
| Change | -0.0071 | -0.0044 | -0.0022 | - | +0.0030 | +0.0051 | +0.0092 |
| Level | Intermediate | Intermediate | Minor | - | 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 | 1.3563 | 1.3604 | 1.3656 | 1.3697 | 1.3749 | 1.3790 | 1.3842 |
| Camarilla | 1.3683 | 1.3692 | 1.3701 | 1.3709 | 1.3718 | 1.3726 | 1.3735 |
| Woodie | 1.3570 | 1.3607 | 1.3663 | 1.3700 | 1.3756 | 1.3793 | 1.3849 |
| Fibonacci | 1.3604 | 1.3639 | 1.3661 | 1.3697 | 1.3732 | 1.3754 | 1.3790 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3483 | 1.3567 | 1.3649 | 1.3733 | 1.3815 | 1.3899 | 1.3981 |
| Camarilla | 1.3685 | 1.3701 | 1.3716 | 1.3731 | 1.3746 | 1.3761 | 1.3777 |
| Woodie | 1.3482 | 1.3567 | 1.3648 | 1.3733 | 1.3814 | 1.3899 | 1.3980 |
| Fibonacci | 1.3567 | 1.3630 | 1.3670 | 1.3733 | 1.3796 | 1.3836 | 1.3899 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2980 | 1.3121 | 1.3383 | 1.3524 | 1.3786 | 1.3927 | 1.4189 |
| Camarilla | 1.3534 | 1.3571 | 1.3608 | 1.3645 | 1.3682 | 1.3719 | 1.3756 |
| Woodie | 1.3041 | 1.3151 | 1.3444 | 1.3554 | 1.3847 | 1.3957 | 1.4250 |
| Fibonacci | 1.3121 | 1.3275 | 1.3370 | 1.3524 | 1.3678 | 1.3773 | 1.3927 |
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): | 55.90 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 1.6617 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 1.3728 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3711 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 1.3700 | |
| Zig ZAG (10): | 1.3727 | |
| VORTEX (21): | 0.9940 | |
| Stochastique (14,3,5): | 80.80 | |
| TEMA (21): | 1.3729 | |
| Williams %R (14): | -34.48 | |
| Chande Momentum Oscillator (20): | 0.0002 | |
| Repulse (5,40,3): | -0.0419 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0038 | |
| Courbe Coppock: | 0.29 |
| MA7: | 1.3716 | |
| MA20: | 1.3687 | |
| MA50: | 1.3514 | |
| MA100: | 1.3510 | |
| MAexp7: | 1.3724 | |
| MAexp20: | 1.3723 | |
| MAexp50: | 1.3717 | |
| MAexp100: | 1.3712 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | +0.26% | |
| Price / MA50: | +1.54% | |
| Price / MA100: | +1.57% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.07% |
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: 17/03/2023 - USDCAD stuck in range after advance gets rejected
-
USD/CAD Forecast March 15, 2023
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Technical Analysis: 09/03/2023 - USDCAD tests a make-or-break point
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USD/CAD Forecast March 8, 2023
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Technical Analysis: 03/03/2023 - USDCAD loses steam within a trading range
This member declared not having a position on this financial instrument or a related financial instrument.
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