USD/CAD - 1H - Technical analysis published on 05/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 1.3442 CAD
My targets
1.3525 CAD (+0.0022)
1.3551 CAD (+0.0048)
My analysis
The bullish trend is currently very strong on USD/CAD. As long as the price remains above the support at 1.3442 CAD, you could try to benefit from the boom. The first bullish objective is located at 1.3525 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.3551 CAD as an objective. Crossing it would then enable buyers to target 1.3632 CAD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, 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
7.9
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This analysis was given by MagicMizrahi. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD price is 1.3503 CAD. The price has increased by +0.04% since the last closing 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
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 1H chart of USD/CAD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied 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 this signal:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3404 | 1.3442 | 1.3495 | 1.3503 | 1.3525 | 1.3551 | 1.3632 |
| Change (%) | -0.73% | -0.45% | -0.06% | - | +0.16% | +0.36% | +0.96% |
| Change | -0.0099 | -0.0061 | -0.0008 | - | +0.0022 | +0.0048 | +0.0129 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Intermediate | Intermediate |
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): | 54.67 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 5.3768 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 1.3502 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3483 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 1.3467 | |
| Zig ZAG (10): | 1.3503 | |
| VORTEX (21): | 0.9973 | |
| Stochastique (14,3,5): | 66.67 | |
| TEMA (21): | 1.3503 | |
| Williams %R (14): | -37.50 | |
| Chande Momentum Oscillator (20): | 0.0027 | |
| Repulse (5,40,3): | -0.0460 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0029 | |
| Courbe Coppock: | 0.20 |
| MA7: | 1.3494 | |
| MA20: | 1.3511 | |
| MA50: | 1.3540 | |
| MA100: | 1.3509 | |
| MAexp7: | 1.3502 | |
| MAexp20: | 1.3496 | |
| MAexp50: | 1.3490 | |
| MAexp100: | 1.3483 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | -0.06% | |
| Price / MA50: | -0.27% | |
| Price / MA100: | -0.04% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.15% |
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:
-
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.
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