USD/CAD - 1H - Technical analysis published on 07/26/2024 (GMT)
- 180
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 1.3775 CAD
My targets
1.3849 CAD (+0.0030)
1.3876 CAD (+0.0057)
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 1.3775 CAD. The buyers' bullish objective is set at 1.3849 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
7.3
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 Edd8011. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/CAD rating 1.3819 CAD. The price registered an increase of +0.00% on the session with the lowest point at 1.3808 CAD and the highest point at 1.3821 CAD. The deviation from the price is +0.08% for the low point and -0.01% for the high point.1.3808
1.3821
1.3819
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/CAD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3702 | 1.3736 | 1.3775 | 1.3819 | 1.3819 | 1.3849 | 1.3876 |
| Change (%) | -0.85% | -0.60% | -0.32% | 0% | - | +0.22% | +0.41% |
| Change | -0.0117 | -0.0083 | -0.0044 | 0 | - | +0.0030 | +0.0057 |
| Level | Intermediate | Major | Intermediate | Intermediate | - | Intermediate | Major |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3742 | 1.3770 | 1.3794 | 1.3822 | 1.3846 | 1.3874 | 1.3898 |
| Camarilla | 1.3805 | 1.3810 | 1.3814 | 1.3819 | 1.3824 | 1.3829 | 1.3833 |
| Woodie | 1.3741 | 1.3769 | 1.3793 | 1.3821 | 1.3845 | 1.3873 | 1.3897 |
| Fibonacci | 1.3770 | 1.3790 | 1.3802 | 1.3822 | 1.3842 | 1.3854 | 1.3874 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.17 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -2.6422 | |
| AROON (14): | -71.4285 | |
| DEMA (21): | 1.3816 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3799 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 1.3838 | |
| Zig ZAG (10): | 1.3818 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 39.44 | |
| TEMA (21): | 1.3812 | |
| Williams %R (14): | -44.44 | |
| Chande Momentum Oscillator (20): | 0.0000 | |
| Repulse (5,40,3): | 0.0291 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0001 | |
| Courbe Coppock: | 0.08 |
| MA7: | 1.3776 | |
| MA20: | 1.3696 | |
| MA50: | 1.3693 | |
| MA100: | 1.3662 | |
| MAexp7: | 1.3815 | |
| MAexp20: | 1.3816 | |
| MAexp50: | 1.3809 | |
| MAexp100: | 1.3789 | |
| Price / MA7: | +0.31% | |
| Price / MA20: | +0.90% | |
| Price / MA50: | +0.92% | |
| Price / MA100: | +1.15% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.22% |
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:
-
USD/CAD Forecast July 25, 2024
-
USD/CAD Forecast July 17, 2024
-
USD/CAD Forecast July 16, 2024
-
USD/CAD Forecast July 10, 2024
-
USD/CAD Forecast July 5, 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 - 1H