USD/CAD - 1H - Technical analysis published on 04/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 1.3516 CAD
My targets
1.3563 CAD (+0.0018)
1.3621 CAD (+0.0076)
My analysis
The basic bullish trend is very strong on USD/CAD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1.3516 CAD. Crossing the first resistance at 1.3563 CAD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.3621 CAD as an objective. Crossing it would then enable buyers to target 1.3752 CAD. Caution, a return to below 1.3516 CAD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.5
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Additional analysis
Quotes
USD/CAD rating 1.3545 CAD. The price has increased by +0.04% since the last closing and was between 1.3523 CAD and 1.3568 CAD. This implies that the price is at +0.16% from its lowest and at -0.17% from its highest.1.3523
1.3568
1.3545
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/CAD chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by 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, 5 are bullish, 9 are neutral and 4 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3449 | 1.3490 | 1.3516 | 1.3545 | 1.3563 | 1.3752 | 1.4567 |
| Change (%) | -0.71% | -0.41% | -0.21% | - | +0.13% | +1.53% | +7.55% |
| Change | -0.0096 | -0.0055 | -0.0029 | - | +0.0018 | +0.0207 | +0.1022 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3400 | 1.3438 | 1.3488 | 1.3526 | 1.3576 | 1.3614 | 1.3664 |
| Camarilla | 1.3515 | 1.3523 | 1.3531 | 1.3539 | 1.3547 | 1.3555 | 1.3563 |
| Woodie | 1.3407 | 1.3441 | 1.3495 | 1.3529 | 1.3583 | 1.3617 | 1.3671 |
| Fibonacci | 1.3438 | 1.3471 | 1.3492 | 1.3526 | 1.3559 | 1.3580 | 1.3614 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3179 | 1.3260 | 1.3400 | 1.3481 | 1.3621 | 1.3702 | 1.3842 |
| Camarilla | 1.3478 | 1.3499 | 1.3519 | 1.3539 | 1.3559 | 1.3580 | 1.3600 |
| Woodie | 1.3208 | 1.3275 | 1.3429 | 1.3496 | 1.3650 | 1.3717 | 1.3871 |
| Fibonacci | 1.3260 | 1.3345 | 1.3397 | 1.3481 | 1.3566 | 1.3618 | 1.3702 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3040 | 1.3274 | 1.3395 | 1.3629 | 1.3750 | 1.3984 | 1.4105 |
| Camarilla | 1.3419 | 1.3452 | 1.3485 | 1.3517 | 1.3550 | 1.3582 | 1.3615 |
| Woodie | 1.2985 | 1.3246 | 1.3340 | 1.3601 | 1.3695 | 1.3956 | 1.4050 |
| Fibonacci | 1.3274 | 1.3409 | 1.3493 | 1.3629 | 1.3764 | 1.3848 | 1.3984 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.93 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 4.1268 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 1.3548 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3554 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 1.3525 | |
| Zig ZAG (10): | 1.3545 | |
| VORTEX (21): | 1.0358 | |
| Stochastique (14,3,5): | 42.96 | |
| TEMA (21): | 1.3541 | |
| Williams %R (14): | -53.33 | |
| Chande Momentum Oscillator (20): | -0.0018 | |
| Repulse (5,40,3): | 0.0485 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0055 | |
| Courbe Coppock: | 0.12 |
| MA7: | 1.3455 | |
| MA20: | 1.3474 | |
| MA50: | 1.3571 | |
| MA100: | 1.3528 | |
| MAexp7: | 1.3542 | |
| MAexp20: | 1.3542 | |
| MAexp50: | 1.3524 | |
| MAexp100: | 1.3494 | |
| Price / MA7: | +0.67% | |
| Price / MA20: | +0.53% | |
| Price / MA50: | -0.19% | |
| Price / MA100: | +0.13% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.38% |
Quotes :
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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:
-
Technical Analysis: 21/04/2023 - USDCAD rebounds strongly from April lows
-
Trading the Trend: Long USD/CAD
-
Technical Analysis: 12/04/2023 - USDCAD posts bearish cross within SMAs
-
Technical Analysis: 06/04/2023 - USDCAD recoups some losses after decline halts
-
Technical Analysis: 31/03/2023 - Is the sell-off in USDCAD overdone?
This member declared not having a position on this financial instrument or a related financial instrument.
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