USD/CAD - 1H - Technical analysis published on 06/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 1.3733 CAD
My targets
1.3782 CAD (+0.0015)
1.3819 CAD (+0.0052)
My analysis
The bullish trend is currently very strong on USD/CAD. As long as the price remains above the support at 1.3733 CAD, you could try to benefit from the boom. The first bullish objective is located at 1.3782 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.3819 CAD as an objective. Crossing it would then enable buyers to target 1.3876 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.7
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD price is 1.3767 CAD. On the day, this instrument gained +0.05% with the lowest point at 1.3760 CAD and the highest point at 1.3768 CAD. The deviation from the price is +0.05% for the low point and -0.01% for the high point.1.3760
1.3768
1.3767
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
A technical analysis in 1H of this USD/CAD chart shows a strongly 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, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 8 are neutral and 6 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3664 | 1.3699 | 1.3733 | 1.3767 | 1.3782 | 1.3819 | 1.3876 |
| Change (%) | -0.75% | -0.49% | -0.25% | - | +0.11% | +0.38% | +0.79% |
| Change | -0.0103 | -0.0068 | -0.0034 | - | +0.0015 | +0.0052 | +0.0109 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3721 | 1.3737 | 1.3749 | 1.3765 | 1.3777 | 1.3793 | 1.3805 |
| Camarilla | 1.3752 | 1.3755 | 1.3757 | 1.3760 | 1.3763 | 1.3765 | 1.3768 |
| Woodie | 1.3718 | 1.3736 | 1.3746 | 1.3764 | 1.3774 | 1.3792 | 1.3802 |
| Fibonacci | 1.3737 | 1.3748 | 1.3755 | 1.3765 | 1.3776 | 1.3783 | 1.3793 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3491 | 1.3547 | 1.3656 | 1.3712 | 1.3821 | 1.3877 | 1.3986 |
| Camarilla | 1.3720 | 1.3735 | 1.3750 | 1.3765 | 1.3780 | 1.3795 | 1.3810 |
| Woodie | 1.3518 | 1.3560 | 1.3683 | 1.3725 | 1.3848 | 1.3890 | 1.4013 |
| Fibonacci | 1.3547 | 1.3610 | 1.3649 | 1.3712 | 1.3775 | 1.3814 | 1.3877 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3358 | 1.3474 | 1.3551 | 1.3667 | 1.3744 | 1.3860 | 1.3937 |
| Camarilla | 1.3575 | 1.3593 | 1.3610 | 1.3628 | 1.3646 | 1.3663 | 1.3681 |
| Woodie | 1.3339 | 1.3464 | 1.3532 | 1.3657 | 1.3725 | 1.3850 | 1.3918 |
| Fibonacci | 1.3474 | 1.3548 | 1.3593 | 1.3667 | 1.3741 | 1.3786 | 1.3860 |
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): | 54.52 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 6.2597 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 1.3768 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3773 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 1.3745 | |
| Zig ZAG (10): | 1.3761 | |
| VORTEX (21): | 0.9772 | |
| Stochastique (14,3,5): | 27.38 | |
| TEMA (21): | 1.3760 | |
| Williams %R (14): | -71.43 | |
| Chande Momentum Oscillator (20): | -0.0013 | |
| Repulse (5,40,3): | -0.0114 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0064 | |
| Courbe Coppock: | 0.16 |
| MA7: | 1.3707 | |
| MA20: | 1.3672 | |
| MA50: | 1.3680 | |
| MA100: | 1.3595 | |
| MAexp7: | 1.3762 | |
| MAexp20: | 1.3761 | |
| MAexp50: | 1.3744 | |
| MAexp100: | 1.3721 | |
| Price / MA7: | +0.44% | |
| Price / MA20: | +0.69% | |
| Price / MA50: | +0.64% | |
| Price / MA100: | +1.27% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | +0.34% |
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:
-
USD/CAD Forecast June 11, 2024
-
USD/CAD Forecast June 10, 2024
-
USD/CAD Forecast May 30, 2024
-
USD/CAD Forecast May 28, 2024
-
USD/CAD Forecast May 24, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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