USD/CAD - 1H - Technical analysis published on 07/23/2024 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.3736 CAD
My targets
1.3819 CAD (+0.0036)
1.3876 CAD (+0.0093)
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 1.3736 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. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.8
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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 1.3783 CAD. On the day, this instrument gained +0.15% with the lowest point at 1.3752 CAD and the highest point at 1.3786 CAD. The deviation from the price is +0.23% for the low point and -0.02% for the high point.1.3752
1.3786
1.3783
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
New HIGH record (1 month)
Type : Bullish
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. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 15 technical indicators on 18 studied are currently bullish. 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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
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 support of channel
Type : Bullish
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 | 1.3702 | 1.3736 | 1.3775 | 1.3783 | 1.3819 | 1.3876 | 1.4534 |
| Change (%) | -0.59% | -0.34% | -0.06% | - | +0.26% | +0.67% | +5.45% |
| Change | -0.0081 | -0.0047 | -0.0008 | - | +0.0036 | +0.0093 | +0.0751 |
| Level | Intermediate | Major | Intermediate | - | Minor | Major | Intermediate |
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 | 1.3650 | 1.3677 | 1.3720 | 1.3747 | 1.3790 | 1.3817 | 1.3860 |
| Camarilla | 1.3743 | 1.3749 | 1.3756 | 1.3762 | 1.3768 | 1.3775 | 1.3781 |
| Woodie | 1.3657 | 1.3681 | 1.3727 | 1.3751 | 1.3797 | 1.3821 | 1.3867 |
| Fibonacci | 1.3677 | 1.3704 | 1.3721 | 1.3747 | 1.3774 | 1.3791 | 1.3817 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3542 | 1.3586 | 1.3659 | 1.3703 | 1.3776 | 1.3820 | 1.3893 |
| Camarilla | 1.3699 | 1.3710 | 1.3720 | 1.3731 | 1.3742 | 1.3753 | 1.3763 |
| Woodie | 1.3556 | 1.3593 | 1.3673 | 1.3710 | 1.3790 | 1.3827 | 1.3907 |
| Fibonacci | 1.3586 | 1.3631 | 1.3659 | 1.3703 | 1.3748 | 1.3776 | 1.3820 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3402 | 1.3502 | 1.3591 | 1.3691 | 1.3780 | 1.3880 | 1.3969 |
| Camarilla | 1.3627 | 1.3644 | 1.3662 | 1.3679 | 1.3696 | 1.3714 | 1.3731 |
| Woodie | 1.3396 | 1.3499 | 1.3585 | 1.3688 | 1.3774 | 1.3877 | 1.3963 |
| Fibonacci | 1.3502 | 1.3575 | 1.3619 | 1.3691 | 1.3764 | 1.3808 | 1.3880 |
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): | 70.12 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 16.2240 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 1.3778 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3764 | |
| Elder Ray (13): | 0.0011 | |
| Super Trend (3,10): | 1.3758 | |
| Zig ZAG (10): | 1.3784 | |
| VORTEX (21): | 1.1420 | |
| Stochastique (14,3,5): | 93.91 | |
| TEMA (21): | 1.3779 | |
| Williams %R (14): | -5.88 | |
| Chande Momentum Oscillator (20): | 0.0018 | |
| Repulse (5,40,3): | 0.0762 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0063 | |
| Courbe Coppock: | 0.16 |
| MA7: | 1.3715 | |
| MA20: | 1.3677 | |
| MA50: | 1.3680 | |
| MA100: | 1.3652 | |
| MAexp7: | 1.3777 | |
| MAexp20: | 1.3769 | |
| MAexp50: | 1.3754 | |
| MAexp100: | 1.3733 | |
| Price / MA7: | +0.50% | |
| Price / MA20: | +0.78% | |
| Price / MA50: | +0.75% | |
| Price / MA100: | +0.96% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.36% |
Quotes :
-
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 July 17, 2024
-
USD/CAD Forecast July 16, 2024
-
USD/CAD Forecast July 10, 2024
-
USD/CAD Forecast July 5, 2024
-
USD/CAD Forecast July 3, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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