USD/CAD - 15 min. - Technical analysis published on 05/09/2023 (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:
Bullish
Underlying:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 1.3360 CAD
My targets
1.3404 CAD (+0.0027)
1.3437 CAD (+0.0060)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on USD/CAD as long as the price remains well above 1.3360 CAD. The buyers' bullish objective is set at 1.3404 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3437 CAD. If there is any crossing, the next objective would be the resistance located at 1.3481 CAD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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
7.5
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This analysis was given by koenakubheka. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD rating is 1.3377 CAD. The price registered an increase of +0.04% on the session and was between 1.3365 CAD and 1.3385 CAD. This implies that the price is at +0.09% from its lowest and at -0.06% from its highest.1.3365
1.3385
1.3377
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
Technical analysis of this 15 min. chart of USD/CAD indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 15 minutes
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
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 | 1.3156 | 1.3279 | 1.3315 | 1.3377 | 1.3384 | 1.3443 | 1.3551 |
| Change (%) | -1.65% | -0.73% | -0.46% | - | +0.05% | +0.49% | +1.30% |
| Change | -0.0221 | -0.0098 | -0.0062 | - | +0.0007 | +0.0066 | +0.0174 |
| Level | Minor | Major | Intermediate | - | Minor | Minor | Intermediate |
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 | 1.3250 | 1.3283 | 1.3327 | 1.3360 | 1.3404 | 1.3437 | 1.3481 |
| Camarilla | 1.3351 | 1.3358 | 1.3365 | 1.3372 | 1.3379 | 1.3386 | 1.3393 |
| Woodie | 1.3257 | 1.3286 | 1.3334 | 1.3363 | 1.3411 | 1.3440 | 1.3488 |
| Fibonacci | 1.3283 | 1.3312 | 1.3330 | 1.3360 | 1.3389 | 1.3407 | 1.3437 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3015 | 1.3193 | 1.3284 | 1.3462 | 1.3553 | 1.3731 | 1.3822 |
| Camarilla | 1.3301 | 1.3326 | 1.3350 | 1.3375 | 1.3400 | 1.3424 | 1.3449 |
| Woodie | 1.2972 | 1.3171 | 1.3241 | 1.3440 | 1.3510 | 1.3709 | 1.3779 |
| Fibonacci | 1.3193 | 1.3296 | 1.3359 | 1.3462 | 1.3565 | 1.3628 | 1.3731 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2979 | 1.3140 | 1.3346 | 1.3507 | 1.3713 | 1.3874 | 1.4080 |
| Camarilla | 1.3451 | 1.3485 | 1.3518 | 1.3552 | 1.3586 | 1.3619 | 1.3653 |
| Woodie | 1.3002 | 1.3151 | 1.3369 | 1.3518 | 1.3736 | 1.3885 | 1.4103 |
| Fibonacci | 1.3140 | 1.3280 | 1.3367 | 1.3507 | 1.3647 | 1.3734 | 1.3874 |
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): | 58.64 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 14.2556 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 1.3377 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3371 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 1.3365 | |
| Zig ZAG (10): | 1.3384 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 83.52 | |
| TEMA (21): | 1.3379 | |
| Williams %R (14): | -5.00 | |
| Chande Momentum Oscillator (20): | 0.0017 | |
| Repulse (5,40,3): | 0.0837 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0014 | |
| Courbe Coppock: | 0.14 |
| MA7: | 1.3494 | |
| MA20: | 1.3491 | |
| MA50: | 1.3576 | |
| MA100: | 1.3518 | |
| MAexp7: | 1.3379 | |
| MAexp20: | 1.3374 | |
| MAexp50: | 1.3371 | |
| MAexp100: | 1.3374 | |
| Price / MA7: | -0.87% | |
| Price / MA20: | -0.85% | |
| Price / MA50: | -1.47% | |
| Price / MA100: | -1.04% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.01% |
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:
-
Technical Analysis: 28/04/2023 - USDCAD brings weekly resistance back into play
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
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