USD/CAD - 1H - Technical analysis published on 01/30/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.3147 CAD
My targets
1.3268 CAD (+0.0051)
1.3335 CAD (+0.0118)
My analysis
USD/CAD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.3147 CAD. The next resistance located at 1.3268 CAD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.3335 CAD. After this resistance, buyers could then target 1.3416 CAD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.9
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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 1.3217 CAD. The price has increased by +0.14% since the last closing and was between 1.3196 CAD and 1.3224 CAD. This implies that the price is at +0.16% from its lowest and at -0.05% from its highest.1.3196
1.3224
1.3217
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/CAD indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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 | 1.3118 | 1.3147 | 1.3206 | 1.3217 | 1.3268 | 1.3335 | 1.3416 |
| Change (%) | -0.75% | -0.53% | -0.08% | - | +0.39% | +0.89% | +1.51% |
| Change | -0.0099 | -0.0070 | -0.0011 | - | +0.0051 | +0.0118 | +0.0199 |
| Level | Minor | Major | Intermediate | - | Minor | 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 | 1.3112 | 1.3134 | 1.3166 | 1.3188 | 1.3220 | 1.3242 | 1.3274 |
| Camarilla | 1.3183 | 1.3188 | 1.3193 | 1.3198 | 1.3203 | 1.3208 | 1.3213 |
| Woodie | 1.3117 | 1.3137 | 1.3171 | 1.3191 | 1.3225 | 1.3245 | 1.3279 |
| Fibonacci | 1.3134 | 1.3155 | 1.3167 | 1.3188 | 1.3209 | 1.3221 | 1.3242 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2925 | 1.2981 | 1.3061 | 1.3117 | 1.3197 | 1.3253 | 1.3333 |
| Camarilla | 1.3105 | 1.3117 | 1.3130 | 1.3142 | 1.3155 | 1.3167 | 1.3179 |
| Woodie | 1.2938 | 1.2987 | 1.3074 | 1.3123 | 1.3210 | 1.3259 | 1.3346 |
| Fibonacci | 1.2981 | 1.3033 | 1.3065 | 1.3117 | 1.3169 | 1.3201 | 1.3253 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2482 | 1.2717 | 1.2852 | 1.3087 | 1.3222 | 1.3457 | 1.3592 |
| Camarilla | 1.2886 | 1.2920 | 1.2954 | 1.2988 | 1.3022 | 1.3056 | 1.3090 |
| Woodie | 1.2433 | 1.2692 | 1.2803 | 1.3062 | 1.3173 | 1.3432 | 1.3543 |
| Fibonacci | 1.2717 | 1.2858 | 1.2945 | 1.3087 | 1.3228 | 1.3315 | 1.3457 |
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): | 69.96 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 20.1502 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 1.3211 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3192 | |
| Elder Ray (13): | 0.0015 | |
| Super Trend (3,10): | 1.3191 | |
| Zig ZAG (10): | 1.3218 | |
| VORTEX (21): | 1.1864 | |
| Stochastique (14,3,5): | 85.20 | |
| TEMA (21): | 1.3215 | |
| Williams %R (14): | -14.71 | |
| Chande Momentum Oscillator (20): | 0.0015 | |
| Repulse (5,40,3): | 0.0837 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0081 | |
| Courbe Coppock: | 0.17 |
| MA7: | 1.3168 | |
| MA20: | 1.3084 | |
| MA50: | 1.3140 | |
| MA100: | 1.3178 | |
| MAexp7: | 1.3210 | |
| MAexp20: | 1.3201 | |
| MAexp50: | 1.3189 | |
| MAexp100: | 1.3173 | |
| Price / MA7: | +0.37% | |
| Price / MA20: | +1.02% | |
| Price / MA50: | +0.59% | |
| Price / MA100: | +0.30% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.33% |
News
The latest news and videos published on USD/CAD at the time of the analysis were as follows:
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Crude Oil, DAX 30, USD/CAD Forecasts with IG Client Sentiment
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US Dollar Resistance, USD/CAD Tightening Range: Webinar
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Identifying USD/CAD Price Trends with Trader Sentiment
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Will the USD/CAD rebound continue? – 9th January 2020
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USD/CAD turns positive
This member declared not having a position on this financial instrument or a related financial instrument.
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