USD/CAD - 1H - Technical analysis published on 08/14/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 1.3247 CAD
My targets
1.3293 CAD (+0.16%)
1.3331 CAD (+0.44%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/CAD as long as the price remains well above 1.3247 CAD. The buyers” bullish objective is set at 1.3293 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3331 CAD. If there is any crossing, the next objective would be the resistance located at 1.3345 CAD.
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/CAD rating 1.3272 CAD. The price registered an increase of +0.44% on the session and was between 1.3210 CAD and 1.3277 CAD. This implies that the price is at +0.47% from its lowest and at -0.04% from its highest.1.3210
1.3277
1.3272
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/CAD:
Technical
A technical analysis in 1H of this USD/CAD chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3196 | 1.3213 | 1.3247 | 1.3272 | 1.3293 | 1.3331 | 1.3345 |
| Change (%) | -0.57% | -0.44% | -0.19% | - | +0.16% | +0.44% | +0.55% |
| Change | -0.0076 | -0.0059 | -0.0025 | - | +0.0021 | +0.0059 | +0.0073 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3060 | 1.3123 | 1.3168 | 1.3231 | 1.3276 | 1.3339 | 1.3384 |
| Camarilla | 1.3184 | 1.3194 | 1.3204 | 1.3214 | 1.3224 | 1.3234 | 1.3244 |
| Woodie | 1.3052 | 1.3119 | 1.3160 | 1.3227 | 1.3268 | 1.3335 | 1.3376 |
| Fibonacci | 1.3123 | 1.3164 | 1.3189 | 1.3231 | 1.3272 | 1.3297 | 1.3339 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2983 | 1.3080 | 1.3151 | 1.3248 | 1.3319 | 1.3416 | 1.3487 |
| Camarilla | 1.3176 | 1.3191 | 1.3207 | 1.3222 | 1.3237 | 1.3253 | 1.3268 |
| Woodie | 1.2970 | 1.3074 | 1.3138 | 1.3242 | 1.3306 | 1.3410 | 1.3474 |
| Fibonacci | 1.3080 | 1.3144 | 1.3184 | 1.3248 | 1.3312 | 1.3352 | 1.3416 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2871 | 1.2943 | 1.3070 | 1.3142 | 1.3269 | 1.3341 | 1.3468 |
| Camarilla | 1.3141 | 1.3160 | 1.3178 | 1.3196 | 1.3214 | 1.3233 | 1.3251 |
| Woodie | 1.2898 | 1.2957 | 1.3097 | 1.3156 | 1.3296 | 1.3355 | 1.3495 |
| Fibonacci | 1.2943 | 1.3019 | 1.3066 | 1.3142 | 1.3218 | 1.3265 | 1.3341 |
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): | 70.64 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 16.7556 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 1.3243 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3194 | |
| Elder Ray (13): | 0.0022 | |
| Super Trend (3,10): | 1.3224 | |
| Zig ZAG (10): | 1.3272 | |
| VORTEX (21): | 1.2875 | |
| Stochastique (14,3,5): | 95.26 | |
| TEMA (21): | 1.3249 | |
| Williams %R (14): | -3.03 | |
| Chande Momentum Oscillator (20): | 0.0061 | |
| Repulse (5,40,3): | 0.3079 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0011 | |
| Courbe Coppock: | 0.38 |
| MA7: | 1.3253 | |
| MA20: | 1.3187 | |
| MA50: | 1.3183 | |
| MA100: | 1.3301 | |
| MAexp7: | 1.3250 | |
| MAexp20: | 1.3239 | |
| MAexp50: | 1.3237 | |
| MAexp100: | 1.3238 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | +0.64% | |
| Price / MA50: | +0.68% | |
| Price / MA100: | -0.22% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.26% |
News
The last news published on USD/CAD at the time of the generation of this analysis was as follows:
-
USD/CAD remains bullish
-
USDCAD May Be Major Most Capable of Overcoming Holiday Trade (Quick Take Video)
-
Will the USD/CAD push higher? – 9th May 2019
-
USD/CAD Rebounding
-
Will USD/CAD drive higher? – 7th March 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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