USD/CAD - 15 min. - Technical analysis published on 10/01/2023 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 1.3527 CAD
My targets
1.3636 CAD (+0.0058)
1.3695 CAD (+0.0117)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/CAD as long as the price remains well above 1.3527 CAD. The buyers' bullish objective is set at 1.3636 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3695 CAD. If there is any crossing, the next objective would be the resistance located at 1.3804 CAD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8
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Additional analysis
Quotes
The USD/CAD price is 1.3578 CAD. The price registered an increase of +0.00% on the session with the lowest point at 1.3553 CAD and the highest point at 1.3582 CAD. The deviation from the price is +0.18% for the low point and -0.03% for the high point.1.3553
1.3582
1.3578
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/CAD in 15 min. shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.3491 | 1.3511 | 1.3543 | 1.3578 | 1.3640 | 1.3871 | 1.4567 |
| Change (%) | -0.64% | -0.49% | -0.26% | - | +0.46% | +2.16% | +7.28% |
| Change | -0.0087 | -0.0067 | -0.0035 | - | +0.0062 | +0.0293 | +0.0989 |
| Level | Major | Minor | Minor | - | Major | Major | Intermediate |
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 | 1.3300 | 1.3359 | 1.3468 | 1.3527 | 1.3636 | 1.3695 | 1.3804 |
| Camarilla | 1.3532 | 1.3547 | 1.3563 | 1.3578 | 1.3593 | 1.3609 | 1.3624 |
| Woodie | 1.3326 | 1.3372 | 1.3494 | 1.3540 | 1.3662 | 1.3708 | 1.3830 |
| Fibonacci | 1.3359 | 1.3423 | 1.3463 | 1.3527 | 1.3591 | 1.3631 | 1.3695 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3300 | 1.3359 | 1.3468 | 1.3527 | 1.3636 | 1.3695 | 1.3804 |
| Camarilla | 1.3532 | 1.3547 | 1.3563 | 1.3578 | 1.3593 | 1.3609 | 1.3624 |
| Woodie | 1.3326 | 1.3372 | 1.3494 | 1.3540 | 1.3662 | 1.3708 | 1.3830 |
| Fibonacci | 1.3359 | 1.3423 | 1.3463 | 1.3527 | 1.3591 | 1.3631 | 1.3695 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3092 | 1.3236 | 1.3407 | 1.3551 | 1.3722 | 1.3866 | 1.4037 |
| Camarilla | 1.3491 | 1.3520 | 1.3549 | 1.3578 | 1.3607 | 1.3636 | 1.3665 |
| Woodie | 1.3106 | 1.3243 | 1.3421 | 1.3558 | 1.3736 | 1.3873 | 1.4051 |
| Fibonacci | 1.3236 | 1.3356 | 1.3431 | 1.3551 | 1.3671 | 1.3746 | 1.3866 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.56 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 17.3992 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 1.3583 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3554 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 1.3546 | |
| Zig ZAG (10): | 1.3574 | |
| VORTEX (21): | 1.0043 | |
| Stochastique (14,3,5): | 71.61 | |
| TEMA (21): | 1.3576 | |
| Williams %R (14): | -22.58 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | 0.0675 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0139 | |
| Courbe Coppock: | 0.01 |
| MA7: | 1.3514 | |
| MA20: | 1.3541 | |
| MA50: | 1.3482 | |
| MA100: | 1.3404 | |
| MAexp7: | 1.3573 | |
| MAexp20: | 1.3567 | |
| MAexp50: | 1.3540 | |
| MAexp100: | 1.3517 | |
| Price / MA7: | +0.47% | |
| Price / MA20: | +0.27% | |
| Price / MA50: | +0.71% | |
| Price / MA100: | +1.30% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.45% |
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: 01/09/2023 - USDCAD pulls back from 3-month peak
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Technical Analysis: 11/08/2023 - USDCAD bullish reversal faces major test
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Technical Analysis: 04/08/2023 - USDCAD rebounds strongly, crucial trendline in sight
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Technical Analysis: 28/07/2023 - USDCAD hopes for a new bullish correction
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Technical Analysis: 21/07/2023 - USDCAD downward trend continues; a new 2023 low is on the cards
This member declared not having a position on this financial instrument or a related financial instrument.
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