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

USD/CAD - 1H - Technical analysis published on 10/04/2019 (GMT)

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  • Timeframe : 1H
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  • Status : TARGET REACHED

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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

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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.

Central Gaps

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:

Central Indicators

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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard1.32761.32921.33151.33311.33541.33701.3393
Camarilla1.33261.33301.33331.33371.33411.33441.3348
Woodie1.32791.32941.33181.33331.33571.33721.3396
Fibonacci1.32921.33071.33161.33311.33461.33551.3370


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.31141.31641.32051.32551.32961.33461.3387
Camarilla1.32211.32291.32381.32461.32541.32631.3271
Woodie1.31101.31621.32011.32531.32921.33441.3383
Fibonacci1.31641.31991.32201.32551.32901.33111.3346


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.28711.30021.31221.32531.33731.35041.3624
Camarilla1.31741.31971.32201.32431.32661.32891.3312
Woodie1.28671.29991.31181.32501.33691.35011.3620
Fibonacci1.30021.30981.31571.32531.33491.34081.3504

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%

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

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