USD/CAD - 15 min. - Technical analysis published on 06/05/2023 (GMT)
- Who voted?
- 111
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
22%
17%
My opinion
Bullish above 1.3428 CAD
My targets
1.3448 CAD (+0.0008)
1.3472 CAD (+0.0032)
My analysis
The bullish trend is currently very strong on USD/CAD. As long as the price remains above the support at 1.3428 CAD, you could try to benefit from the boom. The first bullish objective is located at 1.3448 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.3472 CAD as an objective. Crossing it would then enable buyers to target 1.3492 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.6
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 Dorontin2002. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/CAD rating 1.3440 CAD. The price has increased by +0.11% since the last closing and was traded between 1.3417 CAD and 1.3443 CAD over the period. The price is currently at +0.17% from its lowest and -0.02% from its highest.1.3417
1.3443
1.3440
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
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 this 15 min. chart of USD/CAD indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 15 minutes
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 15 minutes
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
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 | 1.3279 | 1.3374 | 1.3407 | 1.3440 | 1.3448 | 1.3496 | 1.3551 |
| Change (%) | -1.20% | -0.49% | -0.25% | - | +0.06% | +0.42% | +0.83% |
| Change | -0.0161 | -0.0066 | -0.0033 | - | +0.0008 | +0.0056 | +0.0111 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | 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 | 1.3360 | 1.3384 | 1.3404 | 1.3428 | 1.3448 | 1.3472 | 1.3492 |
| Camarilla | 1.3413 | 1.3417 | 1.3421 | 1.3425 | 1.3429 | 1.3433 | 1.3437 |
| Woodie | 1.3359 | 1.3383 | 1.3403 | 1.3427 | 1.3447 | 1.3471 | 1.3491 |
| Fibonacci | 1.3384 | 1.3401 | 1.3411 | 1.3428 | 1.3445 | 1.3455 | 1.3472 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3094 | 1.3250 | 1.3338 | 1.3494 | 1.3582 | 1.3738 | 1.3826 |
| Camarilla | 1.3358 | 1.3380 | 1.3403 | 1.3425 | 1.3447 | 1.3470 | 1.3492 |
| Woodie | 1.3059 | 1.3233 | 1.3303 | 1.3477 | 1.3547 | 1.3721 | 1.3791 |
| Fibonacci | 1.3250 | 1.3344 | 1.3401 | 1.3494 | 1.3588 | 1.3645 | 1.3738 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3030 | 1.3172 | 1.3370 | 1.3512 | 1.3710 | 1.3852 | 1.4050 |
| Camarilla | 1.3474 | 1.3505 | 1.3536 | 1.3567 | 1.3598 | 1.3629 | 1.3661 |
| Woodie | 1.3057 | 1.3186 | 1.3397 | 1.3526 | 1.3737 | 1.3866 | 1.4077 |
| Fibonacci | 1.3172 | 1.3302 | 1.3383 | 1.3512 | 1.3642 | 1.3723 | 1.3852 |
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): | 57.69 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 2.3112 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 1.3435 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3424 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 1.3428 | |
| Zig ZAG (10): | 1.3437 | |
| VORTEX (21): | 0.9836 | |
| Stochastique (14,3,5): | 63.33 | |
| TEMA (21): | 1.3435 | |
| Williams %R (14): | -40.00 | |
| Chande Momentum Oscillator (20): | -0.0002 | |
| Repulse (5,40,3): | -0.0129 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0004 | |
| Courbe Coppock: | 0.06 |
| MA7: | 1.3527 | |
| MA20: | 1.3507 | |
| MA50: | 1.3501 | |
| MA100: | 1.3517 | |
| MAexp7: | 1.3435 | |
| MAexp20: | 1.3435 | |
| MAexp50: | 1.3434 | |
| MAexp100: | 1.3437 | |
| Price / MA7: | -0.64% | |
| Price / MA20: | -0.50% | |
| Price / MA50: | -0.45% | |
| Price / MA100: | -0.57% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.01% |
Quotes :
-
Real time data
-
Forex
News
The last news published on USD/CAD at the time of the generation of this analysis was as follows:
-
Technical Analysis: 02/06/2023 - USDCAD shifts focus to the downside after deep fall
-
Technical Analysis: 26/05/2023 - USDCAD in bullish mode; resistance at 1.3650
-
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
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 - 15 min.