USD/CAD

- CAD (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	USDCAD
ISIN:

USD/CAD - Daily - Technical analysis published on 10/03/2019 (GMT)

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Timeframe : Daily
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Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Bullish

Technical indicators

83%

17%

My opinion

Bullish above 1.3331 CAD

My targets

1.3444 CAD (+0.83%)

1.3537 CAD (+1.53%)

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 1.3331 CAD. The buyers” bullish objective is set at 1.3444 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3537 CAD. If there is any crossing, the next objective would be the resistance located at 1.3752 CAD.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

FORCE

6.6

Comment on the analysis

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 1.3333 CAD. The price has increased by +0.04% since the last closing and was traded between 1.3312 CAD and 1.3339 CAD over the period. The price is currently at +0.16% from its lowest and -0.04% from its highest.

1.3312

1.3339

1.3333

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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

Technical analysis of this Daily chart of USD/CAD indicates that the overall trend is bullish. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Near resistance of triangle

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.3147	1.3213	1.3331	1.3333	1.3444	1.3537	1.3752
Change (%)	-1.40%	-0.90%	-0.02%	-	+0.83%	+1.53%	+3.14%
Change	-0.0186	-0.0120	-0.0002	-	+0.0111	+0.0204	+0.0419
Level	Intermediate	Intermediate	Major	-	Intermediate	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	1.3112	1.3158	1.3243	1.3289	1.3374	1.3420	1.3505
Camarilla	1.3292	1.3304	1.3316	1.3328	1.3340	1.3352	1.3364
Woodie	1.3132	1.3168	1.3263	1.3299	1.3394	1.3430	1.3525
Fibonacci	1.3158	1.3208	1.3239	1.3289	1.3339	1.3370	1.3420

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3114	1.3164	1.3205	1.3255	1.3296	1.3346	1.3387
Camarilla	1.3221	1.3229	1.3238	1.3246	1.3254	1.3263	1.3271
Woodie	1.3110	1.3162	1.3201	1.3253	1.3292	1.3344	1.3383
Fibonacci	1.3164	1.3199	1.3220	1.3255	1.3290	1.3311	1.3346

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2871	1.3002	1.3122	1.3253	1.3373	1.3504	1.3624
Camarilla	1.3174	1.3197	1.3220	1.3243	1.3266	1.3289	1.3312
Woodie	1.2867	1.2999	1.3118	1.3250	1.3369	1.3501	1.3620
Fibonacci	1.3002	1.3098	1.3157	1.3253	1.3349	1.3408	1.3504

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):	59.85
MACD (12,26,9):	0.0012
Directional Movement:	7.2873
AROON (14):	7.1429
DEMA (21):	1.3275
Parabolic SAR (0,02-0,02-0,2):	1.3204
Elder Ray (13):	0.0057
Super Trend (3,10):	1.3363
Zig ZAG (10):	1.3334
VORTEX (21):	1.0590
Stochastique (14,3,5):	74.35
TEMA (21):	1.3280
Williams %R (14):	-3.70
Chande Momentum Oscillator (20):	0.0092
Repulse (5,40,3):	0.6770
ROCnROLL:	1
TRIX (15,9):	0.0037
Courbe Coppock:	0.75

MA7:	1.3271
MA20:	1.3244
MA50:	1.3253
MA100:	1.3251
MAexp7:	1.3282
MAexp20:	1.3262
MAexp50:	1.3251
MAexp100:	1.3257
Price / MA7:	+0.47%
Price / MA20:	+0.67%
Price / MA50:	+0.60%
Price / MA100:	+0.62%
Price / MAexp7:	+0.38%
Price / MAexp20:	+0.53%
Price / MAexp50:	+0.61%
Price / MAexp100:	+0.57%

News

The latest news and videos published on USD/CAD at the time of the analysis were as follows:

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

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