USD/CAD - Weekly - Technical analysis published on 01/20/2025 (GMT)
- 680
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 1.3873 CAD
My targets
1.4534 CAD (+0.0232)
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 1.4534 CAD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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, 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
7.5
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 arturslaucins. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD price is 1.4302 CAD. Over 5 days, this instrument lost -0.43% and was traded between 1.4261 CAD and 1.4486 CAD over the period. The price is currently at +0.29% from its lowest point and -1.27% from its highest point.1.4261
1.4486
1.4302
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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
Technical
Technical analysis of this Weekly chart of USD/CAD indicates that the overall trend is strongly bullish. 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.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Weekly
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 1.2482 | 1.2981 | 1.3873 | 1.4302 | 1.4534 |
Change (%) | -12.73% | -9.24% | -3.00% | - | +1.62% |
Change | -0.1820 | -0.1321 | -0.0429 | - | +0.0232 |
Level | Minor | Major | 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 | 1.4307 | 1.4344 | 1.4410 | 1.4447 | 1.4513 | 1.4550 | 1.4616 |
Camarilla | 1.4447 | 1.4456 | 1.4466 | 1.4475 | 1.4484 | 1.4494 | 1.4503 |
Woodie | 1.4321 | 1.4351 | 1.4424 | 1.4454 | 1.4527 | 1.4557 | 1.4630 |
Fibonacci | 1.4344 | 1.4384 | 1.4408 | 1.4447 | 1.4487 | 1.4511 | 1.4550 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.4173 | 1.4238 | 1.4356 | 1.4421 | 1.4539 | 1.4604 | 1.4722 |
Camarilla | 1.4425 | 1.4442 | 1.4458 | 1.4475 | 1.4492 | 1.4509 | 1.4525 |
Woodie | 1.4201 | 1.4251 | 1.4384 | 1.4434 | 1.4567 | 1.4617 | 1.4750 |
Fibonacci | 1.4238 | 1.4308 | 1.4351 | 1.4421 | 1.4491 | 1.4534 | 1.4604 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.3608 | 1.3796 | 1.4090 | 1.4278 | 1.4572 | 1.4760 | 1.5054 |
Camarilla | 1.4251 | 1.4295 | 1.4339 | 1.4383 | 1.4427 | 1.4471 | 1.4516 |
Woodie | 1.3660 | 1.3823 | 1.4142 | 1.4305 | 1.4624 | 1.4787 | 1.5106 |
Fibonacci | 1.3796 | 1.3981 | 1.4094 | 1.4278 | 1.4463 | 1.4576 | 1.4760 |
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): | 63.64 | |
MACD (12,26,9): | 0.0198 | |
Directional Movement: | 15.9372 | |
AROON (14): | 100.0000 | |
DEMA (21): | 1.4352 | |
Parabolic SAR (0,02-0,02-0,2): | 1.4151 | |
Elder Ray (13): | 0.0154 | |
Super Trend (3,10): | 1.3943 | |
Zig ZAG (10): | 1.4304 | |
VORTEX (21): | 1.2530 | |
Stochastique (14,3,5): | 89.16 | |
TEMA (21): | 1.4465 | |
Williams %R (14): | -26.56 | |
Chande Momentum Oscillator (20): | 0.0360 | |
Repulse (5,40,3): | -0.0134 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1674 | |
Courbe Coppock: | 9.44 |
MA7: | 1.4377 | |
MA20: | 1.4382 | |
MA50: | 1.4208 | |
MA100: | 1.3942 | |
MAexp7: | 1.4335 | |
MAexp20: | 1.4111 | |
MAexp50: | 1.3868 | |
MAexp100: | 1.3677 | |
Price / MA7: | -0.52% | |
Price / MA20: | -0.56% | |
Price / MA50: | +0.66% | |
Price / MA100: | +2.58% | |
Price / MAexp7: | -0.23% | |
Price / MAexp20: | +1.35% | |
Price / MAexp50: | +3.13% | |
Price / MAexp100: | +4.57% |
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 - Can the Loonie Hold Against the US Pressures?
-
USD/CAD Falls but Dollar Roars Back
-
USD/CAD Outlook - Is the Canadian Dollar Finally Fighting Back?
-
USD/CAD Price Analysis - Is the Dam About to Break?
-
USD/CAD Price Forecast - Is the Loonie Struggling Again? (January 8, 2025 Forecast)
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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 - Weekly