USD/CAD - Daily - Technical analysis published on 05/21/2023 (GMT)
- 99
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
50%
11%
39%
My opinion
Neutral between 1.3442 CAD and 1.3632 CAD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on USD/CAD. It is difficult to advise a trading direction under these conditions. The first support is located at 1.3442 CAD. The first resistance is located at 1.3632 CAD. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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.
This analysis was given by MagicMizrahi. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/CAD rating 1.3503 CAD. The price registered an increase of +0.04% on the session with the lowest point at 1.3468 CAD and the highest point at 1.3524 CAD. The deviation from the price is +0.26% for the low point and -0.16% for the high point.1.3468
1.3524
1.3503
A study of price movements over other periods shows the following variations:
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 USD/CAD in Daily shows an overall slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
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 | 1.3442 | 1.3503 | 1.3551 | 1.3632 | 1.3752 |
| Change (%) | -2.57% | -1.66% | -0.45% | - | +0.36% | +0.96% | +1.84% |
| Change | -0.0347 | -0.0224 | -0.0061 | - | +0.0048 | +0.0129 | +0.0249 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3417 | 1.3442 | 1.3473 | 1.3498 | 1.3529 | 1.3554 | 1.3585 |
| Camarilla | 1.3488 | 1.3493 | 1.3498 | 1.3503 | 1.3508 | 1.3513 | 1.3518 |
| Woodie | 1.3419 | 1.3444 | 1.3475 | 1.3500 | 1.3531 | 1.3556 | 1.3587 |
| Fibonacci | 1.3442 | 1.3464 | 1.3477 | 1.3498 | 1.3520 | 1.3533 | 1.3554 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3251 | 1.3328 | 1.3415 | 1.3492 | 1.3579 | 1.3656 | 1.3743 |
| Camarilla | 1.3458 | 1.3473 | 1.3488 | 1.3503 | 1.3518 | 1.3533 | 1.3548 |
| Woodie | 1.3257 | 1.3331 | 1.3421 | 1.3495 | 1.3585 | 1.3659 | 1.3749 |
| Fibonacci | 1.3328 | 1.3390 | 1.3429 | 1.3492 | 1.3554 | 1.3593 | 1.3656 |
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): | 50.50 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | -2.6389 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 1.3473 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3335 | |
| Elder Ray (13): | 0.0011 | |
| Super Trend (3,10): | 1.3616 | |
| Zig ZAG (10): | 1.3503 | |
| VORTEX (21): | 1.0109 | |
| Stochastique (14,3,5): | 52.40 | |
| TEMA (21): | 1.3475 | |
| Williams %R (14): | -42.15 | |
| Chande Momentum Oscillator (20): | -0.0128 | |
| Repulse (5,40,3): | 0.2173 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0172 | |
| Courbe Coppock: | 1.38 |
| MA7: | 1.3494 | |
| MA20: | 1.3511 | |
| MA50: | 1.3540 | |
| MA100: | 1.3509 | |
| MAexp7: | 1.3485 | |
| MAexp20: | 1.3491 | |
| MAexp50: | 1.3512 | |
| MAexp100: | 1.3500 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | -0.06% | |
| Price / MA50: | -0.27% | |
| Price / MA100: | -0.04% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | +0.02% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on USD/CAD at the time of the analysis were as follows:
-
Technical Analysis: 12/05/2023 - USDCAD rebounds strongly above 200-day SMA
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis USD/CAD - Daily