USD/CAD

- CAD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDCAD
ISIN:

USD/CAD - Daily - Technical analysis published on 06/18/2019 (GMT)

Who voted?
196
0

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Court terme: Neutral

De fond: Slightly bullish

Technical indicators

56%

17%

28%

My opinion

Neutral between 1.3311 CAD and 1.3496 CAD

My targets

My analysis

The neutral short-term trend shows a weakening of the basic, slightly bullish trend on USD/CAD. It is difficult to advise a trading direction under these conditions. The first resistance is located at 1.3496 CAD. The first support is located at 1.3311 CAD. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.

Comment on the analysis

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

USD/CAD rating 1.3393 CAD. The price registered a decrease of -0.13% on the session and was traded between 1.3384 CAD and 1.3433 CAD over the period. The price is currently at +0.07% from its lowest and -0.30% from its highest.

1.3384

1.3433

1.3393

Here is a more detailed summary of the historical variations registered by USD/CAD:

Technical

Technical analysis of this Daily chart of USD/CAD indicates that the overall trend is slightly bullish. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami cross

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.3102	1.3213	1.3311	1.3393	1.3496	1.3642	1.3752
Change (%)	-2.17%	-1.34%	-0.61%	-	+0.77%	+1.86%	+2.68%
Change	-0.0291	-0.0180	-0.0082	-	+0.0103	+0.0249	+0.0359
Level	Intermediate	Minor	Major	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3367	1.3380	1.3395	1.3408	1.3423	1.3436	1.3451
Camarilla	1.3403	1.3406	1.3408	1.3411	1.3414	1.3416	1.3419
Woodie	1.3369	1.3381	1.3397	1.3408	1.3425	1.3436	1.3453
Fibonacci	1.3380	1.3390	1.3397	1.3408	1.3418	1.3425	1.3436

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3105	1.3170	1.3293	1.3358	1.3481	1.3546	1.3669
Camarilla	1.3364	1.3382	1.3399	1.3416	1.3433	1.3450	1.3468
Woodie	1.3134	1.3184	1.3322	1.3372	1.3510	1.3561	1.3698
Fibonacci	1.3170	1.3242	1.3286	1.3358	1.3430	1.3474	1.3546

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):	49.73
MACD (12,26,9):	-0.0018
Directional Movement:	1.6322
AROON (14):	-42.8572
DEMA (21):	1.3370
Parabolic SAR (0,02-0,02-0,2):	1.3242
Elder Ray (13):	0.0028
Super Trend (3,10):	1.3460
Zig ZAG (10):	1.3395
VORTEX (21):	0.9764
Stochastique (14,3,5):	52.32
TEMA (21):	1.3349
Williams %R (14):	-51.82
Chande Momentum Oscillator (20):	-0.0124
Repulse (5,40,3):	0.2353
ROCnROLL:	1
TRIX (15,9):	-0.0205
Courbe Coppock:	1.70

MA7:	1.3347
MA20:	1.3408
MA50:	1.3416
MA100:	1.3353
MAexp7:	1.3375
MAexp20:	1.3392
MAexp50:	1.3398
MAexp100:	1.3369
Price / MA7:	+0.34%
Price / MA20:	-0.11%
Price / MA50:	-0.17%
Price / MA100:	+0.30%
Price / MAexp7:	+0.13%
Price / MAexp20:	+0.01%
Price / MAexp50:	-0.04%
Price / MAexp100:	+0.18%

News

The latest news and videos published on USD/CAD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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