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USD/CAD
USD CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDCAD
ISIN:

USD/CAD - 1H - Technical analysis published on 04/30/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 1.3730 CAD
My targets
1.3782 CAD (+0.0031)
1.3805 CAD (+0.0054)
My analysis
USD/CAD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.3730 CAD. The next resistance located at 1.3782 CAD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.3805 CAD. After this resistance, buyers could then target 1.3819 CAD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
8.2

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.

dtaccori
This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/CAD price is 1.3751 CAD. The price has increased by +0.62% since the last closing and was between 1.3662 CAD and 1.3755 CAD. This implies that the price is at +0.65% from its lowest and at -0.03% from its highest.

1.3662
1.3755
1.3751

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 1H shows a strongly overall bullish trend. 89.29% 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.3686 1.3730 1.3745 1.3751 1.3782 1.3805 1.3819
Change (%) -0.47% -0.15% -0.04% - +0.23% +0.39% +0.49%
Change -0.0065 -0.0021 -0.0006 - +0.0031 +0.0054 +0.0068
Level Intermediate Major Minor - Minor 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
Standard1.35901.36111.36391.36601.36881.37091.3737
Camarilla1.36541.36581.36631.36671.36721.36761.3681
Woodie1.35941.36131.36431.36621.36921.37111.3741
Fibonacci1.36111.36301.36411.36601.36791.36901.3709


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.34951.35651.36171.36871.37391.38091.3861
Camarilla1.36371.36481.36591.36701.36811.36921.3704
Woodie1.34871.35611.36091.36831.37311.38051.3853
Fibonacci1.35651.36111.36401.36871.37331.37621.3809


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.32381.33291.34321.35231.36261.37171.3820
Camarilla1.34821.34991.35171.35351.35531.35711.3588
Woodie1.32441.33321.34381.35261.36321.37201.3826
Fibonacci1.33291.34031.34491.35231.35971.36431.3717

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 76.92
MACD (12,26,9): 0.0021
Directional Movement: 27.6138
AROON (14): 78.5714
DEMA (21): 1.3729
Parabolic SAR (0,02-0,02-0,2): 1.3680
Elder Ray (13): 0.0032
Super Trend (3,10): 1.3696
Zig ZAG (10): 1.3751
VORTEX (21): 1.2833
Stochastique (14,3,5): 90.16
TEMA (21): 1.3744
Williams %R (14): -3.70
Chande Momentum Oscillator (20): 0.0071
Repulse (5,40,3): 0.2422
ROCnROLL: 1
TRIX (15,9): 0.0151
Courbe Coppock: 0.84
MA7: 1.3688
MA20: 1.3683
MA50: 1.3593
MA100: 1.3508
MAexp7: 1.3732
MAexp20: 1.3704
MAexp50: 1.3684
MAexp100: 1.3683
Price / MA7: +0.46%
Price / MA20: +0.50%
Price / MA50: +1.16%
Price / MA100: +1.80%
Price / MAexp7: +0.14%
Price / MAexp20: +0.34%
Price / MAexp50: +0.49%
Price / MAexp100: +0.50%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia
Londinia AI

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