USD/CAD - Daily - Technical analysis published on 03/07/2024 (GMT)
- 87
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
22%
28%
50%
My opinion
Neutral between 1.3444 CAD and 1.3688 CAD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on USD/CAD. It is difficult to advise a trading direction under these conditions. The first resistance is located at 1.3688 CAD. The first support is located at 1.3444 CAD. We can 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.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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 lapteve. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD price is 1.3518 CAD. On the day, this instrument gained +0.04% and was traded between 1.3508 CAD and 1.3526 CAD over the period. The price is currently at +0.07% from its lowest and -0.06% from its highest.1.3508
1.3526
1.3518
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
Here is a more detailed summary of the historical variations registered by USD/CAD:
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 USD/CAD in Daily shows an overall slightly bullish trend. 50.00% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 9 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Daily
Bullish harami cross
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3197 | 1.3385 | 1.3444 | 1.3518 | 1.3566 | 1.3688 | 1.3809 |
| Change (%) | -2.37% | -0.98% | -0.55% | - | +0.36% | +1.26% | +2.15% |
| Change | -0.0321 | -0.0133 | -0.0074 | - | +0.0048 | +0.0170 | +0.0291 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3371 | 1.3435 | 1.3473 | 1.3537 | 1.3575 | 1.3639 | 1.3677 |
| Camarilla | 1.3484 | 1.3493 | 1.3503 | 1.3512 | 1.3521 | 1.3531 | 1.3540 |
| Woodie | 1.3359 | 1.3429 | 1.3461 | 1.3531 | 1.3563 | 1.3633 | 1.3665 |
| Fibonacci | 1.3435 | 1.3474 | 1.3498 | 1.3537 | 1.3576 | 1.3600 | 1.3639 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3373 | 1.3428 | 1.3495 | 1.3550 | 1.3617 | 1.3672 | 1.3739 |
| Camarilla | 1.3528 | 1.3539 | 1.3550 | 1.3561 | 1.3572 | 1.3583 | 1.3595 |
| Woodie | 1.3378 | 1.3431 | 1.3500 | 1.3553 | 1.3622 | 1.3675 | 1.3744 |
| Fibonacci | 1.3428 | 1.3475 | 1.3504 | 1.3550 | 1.3597 | 1.3626 | 1.3672 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3180 | 1.3272 | 1.3421 | 1.3513 | 1.3662 | 1.3754 | 1.3903 |
| Camarilla | 1.3503 | 1.3525 | 1.3547 | 1.3569 | 1.3591 | 1.3613 | 1.3635 |
| Woodie | 1.3208 | 1.3286 | 1.3449 | 1.3527 | 1.3690 | 1.3768 | 1.3931 |
| Fibonacci | 1.3272 | 1.3364 | 1.3421 | 1.3513 | 1.3605 | 1.3662 | 1.3754 |
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): | 50.65 | |
| MACD (12,26,9): | 0.0022 | |
| Directional Movement: | 2.6957 | |
| AROON (14): | 28.5715 | |
| DEMA (21): | 1.3551 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3498 | |
| Elder Ray (13): | -0.0016 | |
| Super Trend (3,10): | 1.3407 | |
| Zig ZAG (10): | 1.3517 | |
| VORTEX (21): | 1.0428 | |
| Stochastique (14,3,5): | 60.24 | |
| TEMA (21): | 1.3561 | |
| Williams %R (14): | -54.82 | |
| Chande Momentum Oscillator (20): | -0.0009 | |
| Repulse (5,40,3): | -0.3277 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0270 | |
| Courbe Coppock: | 0.75 |
| MA7: | 1.3557 | |
| MA20: | 1.3521 | |
| MA50: | 1.3460 | |
| MA100: | 1.3542 | |
| MAexp7: | 1.3540 | |
| MAexp20: | 1.3521 | |
| MAexp50: | 1.3499 | |
| MAexp100: | 1.3506 | |
| Price / MA7: | -0.29% | |
| Price / MA20: | -0.02% | |
| Price / MA50: | +0.43% | |
| Price / MA100: | -0.18% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.09% |
Quotes :
-
Real time data
-
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: 23/02/2024 – USDCAD uptrend loses power
-
Technical Analysis: 16/02/2024 - USDCAD retains upside pressure in ascending channel
-
USD/CAD Forecast February 16, 2024
-
Technical Analysis: 09/02/2024 - USDCAD retreats towards crucial trendline
-
USD/CAD Forecast January 30, 2024
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