USD/CAD - 1H - Technical analysis published on 08/20/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 1.3265 CAD
My targets
1.3331 CAD (+0.08%)
1.3444 CAD (+0.93%)
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 1.3265 CAD. The buyers” bullish objective is set at 1.3331 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3444 CAD. If there is any crossing, the next objective would be the resistance located at 1.3532 CAD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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 hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD rating is 1.3320 CAD. The price registered a decrease of -0.08% on the session and was traded between 1.3312 CAD and 1.3331 CAD over the period. The price is currently at +0.06% from its lowest and -0.08% from its highest.1.3312
1.3331
1.3320
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this USD/CAD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3213 | 1.3251 | 1.3265 | 1.3320 | 1.3331 | 1.3444 | 1.3532 |
| Change (%) | -0.80% | -0.52% | -0.41% | - | +0.08% | +0.93% | +1.59% |
| Change | -0.0107 | -0.0069 | -0.0055 | - | +0.0011 | +0.0124 | +0.0212 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Minor | Minor |
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 | 1.3189 | 1.3220 | 1.3275 | 1.3306 | 1.3361 | 1.3392 | 1.3447 |
| Camarilla | 1.3306 | 1.3314 | 1.3322 | 1.3330 | 1.3338 | 1.3346 | 1.3354 |
| Woodie | 1.3201 | 1.3226 | 1.3287 | 1.3312 | 1.3373 | 1.3398 | 1.3459 |
| Fibonacci | 1.3220 | 1.3253 | 1.3273 | 1.3306 | 1.3339 | 1.3359 | 1.3392 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3036 | 1.3111 | 1.3190 | 1.3265 | 1.3344 | 1.3419 | 1.3498 |
| Camarilla | 1.3228 | 1.3242 | 1.3256 | 1.3270 | 1.3284 | 1.3298 | 1.3312 |
| Woodie | 1.3039 | 1.3112 | 1.3193 | 1.3266 | 1.3347 | 1.3420 | 1.3501 |
| Fibonacci | 1.3111 | 1.3170 | 1.3206 | 1.3265 | 1.3324 | 1.3360 | 1.3419 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 60.10 | |
| MACD (12,26,9): | 0.0012 | |
| Directional Movement: | 8.7070 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.3325 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3336 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 1.3291 | |
| Zig ZAG (10): | 1.3320 | |
| VORTEX (21): | 1.1910 | |
| Stochastique (14,3,5): | 78.58 | |
| TEMA (21): | 1.3334 | |
| Williams %R (14): | -28.57 | |
| Chande Momentum Oscillator (20): | 0.0014 | |
| Repulse (5,40,3): | -0.0089 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0119 | |
| Courbe Coppock: | 0.75 |
| MA7: | 1.3286 | |
| MA20: | 1.3233 | |
| MA50: | 1.3185 | |
| MA100: | 1.3299 | |
| MAexp7: | 1.3322 | |
| MAexp20: | 1.3310 | |
| MAexp50: | 1.3299 | |
| MAexp100: | 1.3289 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | +0.66% | |
| Price / MA50: | +1.02% | |
| Price / MA100: | +0.16% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.23% |
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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