USD/CAD - 1H - Technical analysis published on 10/04/2019 (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:
Neutral
De fond:
Bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 1.3309 CAD
My targets
1.3331 CAD (+0.02%)
1.3348 CAD (+0.15%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.3309 CAD remains possible. It is advisable to trade USD/CAD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.3309 CAD. The next bullish objective for buyers 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 1.3348 CAD. If there is any crossing, the next objective would be the resistance located at 1.3444 CAD. PS: if there is a bearish break in the support located at 1.3309 CAD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
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
5.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD price is 1.3328 CAD. The price registered a decrease of -0.07% on the session with the lowest point at 1.3323 CAD and the highest point at 1.3339 CAD. The deviation from the price is +0.04% for the low point and -0.08% for the high point.1.3323
1.3339
1.3328
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of USD/CAD in 1H shows an overall bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
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
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 | 1.3232 | 1.3289 | 1.3309 | 1.3328 | 1.3331 | 1.3348 | 1.3444 |
Change (%) | -0.72% | -0.29% | -0.14% | - | +0.02% | +0.15% | +0.87% |
Change | -0.0096 | -0.0039 | -0.0019 | - | +0.0003 | +0.0020 | +0.0116 |
Level | Major | Intermediate | Minor | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.3276 | 1.3292 | 1.3315 | 1.3331 | 1.3354 | 1.3370 | 1.3393 |
Camarilla | 1.3326 | 1.3330 | 1.3333 | 1.3337 | 1.3341 | 1.3344 | 1.3348 |
Woodie | 1.3279 | 1.3294 | 1.3318 | 1.3333 | 1.3357 | 1.3372 | 1.3396 |
Fibonacci | 1.3292 | 1.3307 | 1.3316 | 1.3331 | 1.3346 | 1.3355 | 1.3370 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 59.68 | |
MACD (12,26,9): | 0.0005 | |
Directional Movement: | 5.8854 | |
AROON (14): | 14.2857 | |
DEMA (21): | 1.3338 | |
Parabolic SAR (0,02-0,02-0,2): | 1.3316 | |
Elder Ray (13): | 0.0005 | |
Super Trend (3,10): | 1.3309 | |
Zig ZAG (10): | 1.3334 | |
VORTEX (21): | 1.0306 | |
Stochastique (14,3,5): | 50.67 | |
TEMA (21): | 1.3332 | |
Williams %R (14): | -40.00 | |
Chande Momentum Oscillator (20): | 0.0001 | |
Repulse (5,40,3): | 0.0350 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0071 | |
Courbe Coppock: | 0.04 |
MA7: | 1.3282 | |
MA20: | 1.3252 | |
MA50: | 1.3257 | |
MA100: | 1.3250 | |
MAexp7: | 1.3332 | |
MAexp20: | 1.3330 | |
MAexp50: | 1.3312 | |
MAexp100: | 1.3292 | |
Price / MA7: | +0.35% | |
Price / MA20: | +0.57% | |
Price / MA50: | +0.54% | |
Price / MA100: | +0.59% | |
Price / MAexp7: | -0.03% | |
Price / MAexp20: | -0.02% | |
Price / MAexp50: | +0.12% | |
Price / MAexp100: | +0.27% |
News
Don"t forget to follow the news on USD/CAD. At the time of publication of this analysis, the latest news was as follows:
- How to Identify Trends with Trader Sentiment: A Closer Look at USDCAD
- 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
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…
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