USD/CAD - 15 min. - Technical analysis published on 11/18/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
17%
28%
My opinion
Bearish under 1.3734 CAD
My targets
1.3697 CAD (-0.0026)
1.3671 CAD (-0.0052)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on USD/CAD. As long as you are under the resistance located at 1.3734 CAD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.3697 CAD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.3671 CAD as an objective. Crossing it would then enable sellers to target 1.3634 CAD. If the resistance 1.3734 CAD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.6
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Additional analysis
Quotes
The USD/CAD price is 1.3723 CAD. The price is lower by -0.22% since the last closing and was between 1.3708 CAD and 1.3771 CAD. This implies that the price is at +0.11% from its lowest and at -0.35% from its highest.1.3708
1.3771
1.3723
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
A study of price movements over other periods shows the following variations:
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 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 bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
Aroon indicator bullish trend
Type : Bullish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.3654 | 1.3685 | 1.3708 | 1.3723 | 1.3743 | 1.3777 | 1.3815 |
| Change (%) | -0.50% | -0.28% | -0.11% | - | +0.15% | +0.39% | +0.67% |
| Change | -0.0069 | -0.0038 | -0.0015 | - | +0.0020 | +0.0054 | +0.0092 |
| Level | Intermediate | Major | Minor | - | Intermediate | Intermediate | 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 | 1.3634 | 1.3671 | 1.3697 | 1.3734 | 1.3760 | 1.3797 | 1.3823 |
| Camarilla | 1.3706 | 1.3712 | 1.3717 | 1.3723 | 1.3729 | 1.3735 | 1.3740 |
| Woodie | 1.3629 | 1.3668 | 1.3692 | 1.3731 | 1.3755 | 1.3794 | 1.3818 |
| Fibonacci | 1.3671 | 1.3695 | 1.3710 | 1.3734 | 1.3758 | 1.3773 | 1.3797 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3447 | 1.3550 | 1.3637 | 1.3740 | 1.3827 | 1.3930 | 1.4017 |
| Camarilla | 1.3671 | 1.3688 | 1.3706 | 1.3723 | 1.3740 | 1.3758 | 1.3775 |
| Woodie | 1.3438 | 1.3546 | 1.3628 | 1.3736 | 1.3818 | 1.3926 | 1.4008 |
| Fibonacci | 1.3550 | 1.3623 | 1.3668 | 1.3740 | 1.3813 | 1.3858 | 1.3930 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3318 | 1.3436 | 1.3657 | 1.3775 | 1.3996 | 1.4114 | 1.4335 |
| Camarilla | 1.3786 | 1.3817 | 1.3848 | 1.3879 | 1.3910 | 1.3941 | 1.3972 |
| Woodie | 1.3371 | 1.3462 | 1.3710 | 1.3801 | 1.4049 | 1.4140 | 1.4388 |
| Fibonacci | 1.3436 | 1.3565 | 1.3645 | 1.3775 | 1.3904 | 1.3984 | 1.4114 |
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): | 53.03 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -1.6186 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 1.3715 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3726 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 1.3705 | |
| Zig ZAG (10): | 1.3723 | |
| VORTEX (21): | 0.8387 | |
| Stochastique (14,3,5): | 55.15 | |
| TEMA (21): | 1.3716 | |
| Williams %R (14): | -13.33 | |
| Chande Momentum Oscillator (20): | 0.0009 | |
| Repulse (5,40,3): | 0.0771 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0034 | |
| Courbe Coppock: | 0.10 |
| MA7: | 1.3753 | |
| MA20: | 1.3770 | |
| MA50: | 1.3661 | |
| MA100: | 1.3525 | |
| MAexp7: | 1.3717 | |
| MAexp20: | 1.3719 | |
| MAexp50: | 1.3725 | |
| MAexp100: | 1.3729 | |
| Price / MA7: | -0.22% | |
| Price / MA20: | -0.34% | |
| Price / MA50: | +0.45% | |
| Price / MA100: | +1.46% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.04% |
Quotes :
-
Real time data
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Forex
News
The last news published on USD/CAD at the time of the generation of this analysis was as follows:
-
Technical Analysis: 17/11/2023 - USDCAD bounces off 50-day SMA
-
Technical Analysis: 10/11/2023 - USDCAD tests 1.3800 tricky area
-
Technical Analysis: 25/10/2023 - USDCAD has another round of fighting ahead
-
Technical Analysis: 01/09/2023 - USDCAD pulls back from 3-month peak
-
Technical Analysis: 11/08/2023 - USDCAD bullish reversal faces major test
This member declared not having a position on this financial instrument or a related financial instrument.
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