USD/CAD - 1H - Technical analysis published on 12/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 1.4316 CAD
My targets
1.4441 CAD (+0.0050)
1.4534 CAD (+0.0143)
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 1.4316 CAD. The next resistance located at 1.4441 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.3
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This analysis was given by andrewschembri007. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/CAD rating 1.4391 CAD. On the day, this instrument gained +0.57% and was between 1.4305 CAD and 1.4394 CAD. This implies that the price is at +0.60% from its lowest and at -0.02% from its highest.1.4305
1.4394
1.4391
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
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. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.4194 | 1.4271 | 1.4316 | 1.4391 | 1.4534 |
| Change (%) | -1.37% | -0.83% | -0.52% | - | +0.99% |
| Change | -0.0197 | -0.0120 | -0.0075 | - | +0.0143 |
| Level | Major | Intermediate | Intermediate | - | 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 | 1.4161 | 1.4197 | 1.4253 | 1.4289 | 1.4345 | 1.4381 | 1.4437 |
| Camarilla | 1.4285 | 1.4293 | 1.4302 | 1.4310 | 1.4318 | 1.4327 | 1.4335 |
| Woodie | 1.4172 | 1.4202 | 1.4264 | 1.4294 | 1.4356 | 1.4386 | 1.4448 |
| Fibonacci | 1.4197 | 1.4232 | 1.4254 | 1.4289 | 1.4324 | 1.4346 | 1.4381 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3985 | 1.4039 | 1.4137 | 1.4191 | 1.4289 | 1.4343 | 1.4441 |
| Camarilla | 1.4193 | 1.4207 | 1.4221 | 1.4235 | 1.4249 | 1.4263 | 1.4277 |
| Woodie | 1.4007 | 1.4050 | 1.4159 | 1.4202 | 1.4311 | 1.4354 | 1.4463 |
| Fibonacci | 1.4039 | 1.4097 | 1.4133 | 1.4191 | 1.4249 | 1.4285 | 1.4343 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3467 | 1.3644 | 1.3824 | 1.4001 | 1.4181 | 1.4358 | 1.4538 |
| Camarilla | 1.3906 | 1.3939 | 1.3971 | 1.4004 | 1.4037 | 1.4070 | 1.4102 |
| Woodie | 1.3469 | 1.3645 | 1.3826 | 1.4002 | 1.4183 | 1.4359 | 1.4540 |
| Fibonacci | 1.3644 | 1.3780 | 1.3865 | 1.4001 | 1.4137 | 1.4222 | 1.4358 |
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): | 57.96 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 10.8860 | |
| AROON (14): | 21.4285 | |
| DEMA (21): | 1.4332 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4307 | |
| Elder Ray (13): | 0.0007 | |
| Super Trend (3,10): | 1.4300 | |
| Zig ZAG (10): | 1.4325 | |
| VORTEX (21): | 1.0948 | |
| Stochastique (14,3,5): | 80.33 | |
| TEMA (21): | 1.4328 | |
| Williams %R (14): | -38.24 | |
| Chande Momentum Oscillator (20): | 0.0001 | |
| Repulse (5,40,3): | -0.0120 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0106 | |
| Courbe Coppock: | 0.07 |
| MA7: | 1.4235 | |
| MA20: | 1.4117 | |
| MA50: | 1.3980 | |
| MA100: | 1.3790 | |
| MAexp7: | 1.4326 | |
| MAexp20: | 1.4319 | |
| MAexp50: | 1.4296 | |
| MAexp100: | 1.4262 | |
| Price / MA7: | +1.10% | |
| Price / MA20: | +1.94% | |
| Price / MA50: | +2.94% | |
| Price / MA100: | +4.36% | |
| Price / MAexp7: | +0.45% | |
| Price / MAexp20: | +0.50% | |
| Price / MAexp50: | +0.66% | |
| Price / MAexp100: | +0.90% |
Quotes :
-
Real time data
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Forex
News
The last news published on USD/CAD at the time of the generation of this analysis was as follows:
-
USD/CAD Forecast December 12, 2024
-
USD/CAD Forecast December 10, 2024
-
USD/CAD Forecast December 9, 2024
-
USD/CAD Forecast December 4, 2024
-
USD/CAD Forecast December 3, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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