USD/CAD - 1H - Technical analysis published on 10/28/2024 (GMT)
- 145
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- 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
39%
17%
44%
My opinion
Bullish above 1.3873 CAD
My targets
1.4025 CAD (+0.0132)
1.4534 CAD (+0.0641)
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 1.3873 CAD. The next resistance located at 1.4025 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 1.4534 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8
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 shadybhai. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD price is 1.3893 CAD. On the day, this instrument gained +0.03% and was traded between 1.3880 CAD and 1.3906 CAD over the period. The price is currently at +0.09% from its lowest and -0.09% from its highest.1.3880
1.3906
1.3893
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/CAD indicates that the overall trend is strongly bullish. 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 detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.3819 | 1.3856 | 1.3873 | 1.3893 | 1.4534 |
| Change (%) | -0.53% | -0.27% | -0.14% | - | +4.61% |
| Change | -0.0074 | -0.0037 | -0.0020 | - | +0.0641 |
| Level | Intermediate | Minor | Major | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3793 | 1.3816 | 1.3852 | 1.3875 | 1.3911 | 1.3934 | 1.3970 |
| Camarilla | 1.3873 | 1.3878 | 1.3884 | 1.3889 | 1.3894 | 1.3900 | 1.3905 |
| Woodie | 1.3801 | 1.3819 | 1.3860 | 1.3878 | 1.3919 | 1.3937 | 1.3978 |
| Fibonacci | 1.3816 | 1.3838 | 1.3852 | 1.3875 | 1.3897 | 1.3911 | 1.3934 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3725 | 1.3761 | 1.3825 | 1.3861 | 1.3925 | 1.3961 | 1.4025 |
| Camarilla | 1.3862 | 1.3871 | 1.3880 | 1.3889 | 1.3898 | 1.3907 | 1.3917 |
| Woodie | 1.3739 | 1.3768 | 1.3839 | 1.3868 | 1.3939 | 1.3968 | 1.4039 |
| Fibonacci | 1.3761 | 1.3799 | 1.3823 | 1.3861 | 1.3899 | 1.3923 | 1.3961 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3185 | 1.3302 | 1.3414 | 1.3531 | 1.3643 | 1.3760 | 1.3872 |
| Camarilla | 1.3463 | 1.3484 | 1.3505 | 1.3526 | 1.3547 | 1.3568 | 1.3589 |
| Woodie | 1.3183 | 1.3301 | 1.3412 | 1.3530 | 1.3641 | 1.3759 | 1.3870 |
| Fibonacci | 1.3302 | 1.3390 | 1.3444 | 1.3531 | 1.3619 | 1.3673 | 1.3760 |
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): | 62.47 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 11.7517 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.3901 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3904 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 1.3875 | |
| Zig ZAG (10): | 1.3898 | |
| VORTEX (21): | 1.2127 | |
| Stochastique (14,3,5): | 46.34 | |
| TEMA (21): | 1.3900 | |
| Williams %R (14): | -30.77 | |
| Chande Momentum Oscillator (20): | 0.0007 | |
| Repulse (5,40,3): | 0.0509 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0119 | |
| Courbe Coppock: | 0.15 |
| MA7: | 1.3847 | |
| MA20: | 1.3734 | |
| MA50: | 1.3616 | |
| MA100: | 1.3669 | |
| MAexp7: | 1.3894 | |
| MAexp20: | 1.3887 | |
| MAexp50: | 1.3870 | |
| MAexp100: | 1.3852 | |
| Price / MA7: | +0.33% | |
| Price / MA20: | +1.16% | |
| Price / MA50: | +2.03% | |
| Price / MA100: | +1.64% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | +0.30% |
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 October 17, 2024
-
USD/CAD Forecast October 4, 2024
-
USD/CAD Forecast October 2, 2024
-
USD/CAD Forecast September 27, 2024
-
USD/CAD Forecast September 25, 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