USD/CAD
USD CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDCAD
ISIN:

USD/CAD - Weekly - Technical analysis published on 01/20/2025 (GMT)

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  • Timeframe : Weekly
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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:
15 min. 1H Daily

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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:

Central Indicators

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1
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
Standard1.43071.43441.44101.44471.45131.45501.4616
Camarilla1.44471.44561.44661.44751.44841.44941.4503
Woodie1.43211.43511.44241.44541.45271.45571.4630
Fibonacci1.43441.43841.44081.44471.44871.45111.4550


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.41731.42381.43561.44211.45391.46041.4722
Camarilla1.44251.44421.44581.44751.44921.45091.4525
Woodie1.42011.42511.43841.44341.45671.46171.4750
Fibonacci1.42381.43081.43511.44211.44911.45341.4604


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.36081.37961.40901.42781.45721.47601.5054
Camarilla1.42511.42951.43391.43831.44271.44711.4516
Woodie1.36601.38231.41421.43051.46241.47871.5106
Fibonacci1.37961.39811.40941.42781.44631.45761.4760

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

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

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