USD/CAD - 1H - Technical analysis published on 11/13/2019 (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:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.3237 CAD
My targets
1.3267 CAD (+0.10%)
1.3336 CAD (+0.62%)
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 1.3237 CAD. The buyers” bullish objective is set at 1.3267 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3336 CAD. If there is any crossing, the next objective would be the resistance located at 1.3431 CAD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.8
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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 1.3254 CAD. The price registered an increase of +0.13% on the session and was traded between 1.3231 CAD and 1.3255 CAD over the period. The price is currently at +0.17% from its lowest and -0.01% from its highest.1.3231
1.3255
1.3254
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of USD/CAD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
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 | 1.3161 | 1.3216 | 1.3237 | 1.3254 | 1.3267 | 1.3336 | 1.3431 |
| Change (%) | -0.70% | -0.29% | -0.13% | - | +0.10% | +0.62% | +1.34% |
| Change | -0.0093 | -0.0038 | -0.0017 | - | +0.0013 | +0.0082 | +0.0177 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3174 | 1.3195 | 1.3216 | 1.3237 | 1.3258 | 1.3279 | 1.3300 |
| Camarilla | 1.3225 | 1.3229 | 1.3233 | 1.3237 | 1.3241 | 1.3245 | 1.3249 |
| Woodie | 1.3174 | 1.3195 | 1.3216 | 1.3237 | 1.3258 | 1.3279 | 1.3300 |
| Fibonacci | 1.3195 | 1.3211 | 1.3221 | 1.3237 | 1.3253 | 1.3263 | 1.3279 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3024 | 1.3068 | 1.3148 | 1.3192 | 1.3272 | 1.3316 | 1.3396 |
| Camarilla | 1.3193 | 1.3204 | 1.3216 | 1.3227 | 1.3238 | 1.3250 | 1.3261 |
| Woodie | 1.3041 | 1.3077 | 1.3165 | 1.3201 | 1.3289 | 1.3325 | 1.3413 |
| Fibonacci | 1.3068 | 1.3116 | 1.3145 | 1.3192 | 1.3240 | 1.3269 | 1.3316 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2716 | 1.2879 | 1.3023 | 1.3186 | 1.3330 | 1.3493 | 1.3637 |
| Camarilla | 1.3084 | 1.3112 | 1.3140 | 1.3168 | 1.3196 | 1.3224 | 1.3252 |
| Woodie | 1.2708 | 1.2874 | 1.3015 | 1.3181 | 1.3322 | 1.3488 | 1.3629 |
| Fibonacci | 1.2879 | 1.2996 | 1.3068 | 1.3186 | 1.3303 | 1.3375 | 1.3493 |
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): | 63.70 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 7.1024 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 1.3246 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3225 | |
| Elder Ray (13): | 0.0006 | |
| Super Trend (3,10): | 1.3258 | |
| Zig ZAG (10): | 1.3251 | |
| VORTEX (21): | 1.0048 | |
| Stochastique (14,3,5): | 96.97 | |
| TEMA (21): | 1.3247 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.0015 | |
| Repulse (5,40,3): | 0.0679 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0026 | |
| Courbe Coppock: | 0.25 |
| MA7: | 1.3209 | |
| MA20: | 1.3144 | |
| MA50: | 1.3208 | |
| MA100: | 1.3198 | |
| MAexp7: | 1.3247 | |
| MAexp20: | 1.3241 | |
| MAexp50: | 1.3233 | |
| MAexp100: | 1.3218 | |
| Price / MA7: | +0.34% | |
| Price / MA20: | +0.84% | |
| Price / MA50: | +0.35% | |
| Price / MA100: | +0.42% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.16% | |
| 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:
-
Stocks lower on US-China trade doubts, USD/CAD is bullish
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USD/CAD Technical Analysis Using Client Sentiment Data
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Dollar Eases Into Reversal Threat, USDMXN and USDCAD Alternative Scenarios (Trading Video)
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Will USD/CAD retest 1.3430?
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How to Identify Trends with Trader Sentiment: A Closer Look at USDCAD
This member declared not having a position on this financial instrument or a related financial instrument.
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