USD/CAD - 1H - Technical analysis published on 06/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.3733 CAD
My targets
1.3819 CAD (+0.0045)
1.3876 CAD (+0.0102)
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 1.3733 CAD. The buyers' bullish objective is set at 1.3819 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3876 CAD. If there is any crossing, the next objective would be the resistance located at 1.4534 CAD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
7.7
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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 rating is 1.3774 CAD. On the day, this instrument gained +0.10% with the lowest point at 1.3755 CAD and the highest point at 1.3777 CAD. The deviation from the price is +0.14% for the low point and -0.02% for the high point.1.3755
1.3777
1.3774
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 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 slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3664 | 1.3699 | 1.3733 | 1.3774 | 1.3782 | 1.3819 | 1.3876 |
| Change (%) | -0.80% | -0.54% | -0.30% | - | +0.06% | +0.33% | +0.74% |
| Change | -0.0110 | -0.0075 | -0.0041 | - | +0.0008 | +0.0045 | +0.0102 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | Major |
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 | 1.3721 | 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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 58.28 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 8.4541 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 1.3770 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3756 | |
| Elder Ray (13): | 0.0007 | |
| Super Trend (3,10): | 1.3748 | |
| Zig ZAG (10): | 1.3772 | |
| VORTEX (21): | 1.0163 | |
| Stochastique (14,3,5): | 81.63 | |
| TEMA (21): | 1.3766 | |
| Williams %R (14): | -22.73 | |
| Chande Momentum Oscillator (20): | 0.0012 | |
| Repulse (5,40,3): | 0.0403 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0032 | |
| Courbe Coppock: | 0.10 |
| MA7: | 1.3709 | |
| MA20: | 1.3672 | |
| MA50: | 1.3680 | |
| MA100: | 1.3595 | |
| MAexp7: | 1.3768 | |
| MAexp20: | 1.3765 | |
| MAexp50: | 1.3751 | |
| MAexp100: | 1.3729 | |
| Price / MA7: | +0.47% | |
| Price / MA20: | +0.75% | |
| Price / MA50: | +0.69% | |
| Price / MA100: | +1.32% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | +0.33% |
Quotes :
-
Real time data
-
Forex
News
The last news published on USD/CAD at the time of the generation of this analysis 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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