USD/CAD - 15 min. - Technical analysis published on 02/26/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
33%
11%
56%
My opinion
Bullish above 1.3284 CAD
My targets
1.3323 CAD (+0.0007)
1.3341 CAD (+0.0025)
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 1.3284 CAD. The next resistance located at 1.3323 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 1.3341 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
6.8
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This analysis was given by dbranez. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD rating is 1.3316 CAD. The price has increased by +0.27% since the last closing with the lowest point at 1.3271 CAD and the highest point at 1.3333 CAD. The deviation from the price is +0.34% for the low point and -0.13% for the high point.1.3271
1.3333
1.3316
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 15 min. chart of USD/CAD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 15 minutes
Support of triangle is broken
Type : Bearish
Timeframe : 15 minutes
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3269 | 1.3297 | 1.3308 | 1.3316 | 1.3335 | 1.3416 | 1.3532 |
| Change (%) | -0.35% | -0.14% | -0.06% | - | +0.14% | +0.75% | +1.62% |
| Change | -0.0047 | -0.0019 | -0.0008 | - | +0.0019 | +0.0100 | +0.0216 |
| Level | Intermediate | Minor | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3224 | 1.3245 | 1.3263 | 1.3284 | 1.3302 | 1.3323 | 1.3341 |
| Camarilla | 1.3269 | 1.3273 | 1.3276 | 1.3280 | 1.3284 | 1.3287 | 1.3291 |
| Woodie | 1.3222 | 1.3244 | 1.3261 | 1.3283 | 1.3300 | 1.3322 | 1.3339 |
| Fibonacci | 1.3245 | 1.3260 | 1.3269 | 1.3284 | 1.3299 | 1.3308 | 1.3323 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3112 | 1.3157 | 1.3190 | 1.3235 | 1.3268 | 1.3313 | 1.3346 |
| Camarilla | 1.3203 | 1.3210 | 1.3217 | 1.3224 | 1.3231 | 1.3238 | 1.3246 |
| Woodie | 1.3107 | 1.3154 | 1.3185 | 1.3232 | 1.3263 | 1.3310 | 1.3341 |
| Fibonacci | 1.3157 | 1.3187 | 1.3205 | 1.3235 | 1.3265 | 1.3283 | 1.3313 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2747 | 1.2852 | 1.3044 | 1.3149 | 1.3341 | 1.3446 | 1.3638 |
| Camarilla | 1.3155 | 1.3183 | 1.3210 | 1.3237 | 1.3264 | 1.3291 | 1.3319 |
| Woodie | 1.2792 | 1.2874 | 1.3089 | 1.3171 | 1.3386 | 1.3468 | 1.3683 |
| Fibonacci | 1.2852 | 1.2965 | 1.3035 | 1.3149 | 1.3262 | 1.3332 | 1.3446 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.44 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 4.3374 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 1.3323 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3310 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 1.3298 | |
| Zig ZAG (10): | 1.3316 | |
| VORTEX (21): | 1.1894 | |
| Stochastique (14,3,5): | 56.70 | |
| TEMA (21): | 1.3325 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -0.0006 | |
| Repulse (5,40,3): | -0.0447 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0078 | |
| Courbe Coppock: | 0.32 |
| MA7: | 1.3264 | |
| MA20: | 1.3269 | |
| MA50: | 1.3156 | |
| MA100: | 1.3177 | |
| MAexp7: | 1.3320 | |
| MAexp20: | 1.3314 | |
| MAexp50: | 1.3304 | |
| MAexp100: | 1.3297 | |
| Price / MA7: | +0.39% | |
| Price / MA20: | +0.35% | |
| Price / MA50: | +1.22% | |
| Price / MA100: | +1.05% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.09% | |
| Price / MAexp100: | +0.14% |
News
The last news published on USD/CAD at the time of the generation of this analysis was as follows:
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Higher Oil, Higher USD/CAD
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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
-
Will the USD/CAD rebound continue? – 9th January 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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