USD/CAD - 15 min. - Technical analysis published on 03/05/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.3382 CAD
My targets
1.3435 CAD (+0.0029)
1.3483 CAD (+0.0077)
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 1.3382 CAD. The next resistance located at 1.3435 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 1.3483 CAD. After this resistance, buyers could then target 1.3536 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
8.6
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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 1.3406 CAD. The price has increased by +0.15% since the last closing with the lowest point at 1.3386 CAD and the highest point at 1.3409 CAD. The deviation from the price is +0.15% for the low point and -0.02% for the high point.1.3386
1.3409
1.3406
Here is a more detailed summary of the historical variations registered by USD/CAD:
Technical
A technical analysis in 15 min. of this USD/CAD chart shows a strongly bullish trend. 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 market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3318 | 1.3335 | 1.3391 | 1.3406 | 1.3416 | 1.3449 | 1.3465 |
| Change (%) | -0.66% | -0.53% | -0.11% | - | +0.07% | +0.32% | +0.44% |
| Change | -0.0088 | -0.0071 | -0.0015 | - | +0.0010 | +0.0043 | +0.0059 |
| Level | Intermediate | Major | Minor | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3233 | 1.3281 | 1.3334 | 1.3382 | 1.3435 | 1.3483 | 1.3536 |
| Camarilla | 1.3358 | 1.3368 | 1.3377 | 1.3386 | 1.3395 | 1.3405 | 1.3414 |
| Woodie | 1.3235 | 1.3282 | 1.3336 | 1.3383 | 1.3437 | 1.3484 | 1.3538 |
| Fibonacci | 1.3281 | 1.3320 | 1.3344 | 1.3382 | 1.3421 | 1.3445 | 1.3483 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3055 | 1.3150 | 1.3276 | 1.3371 | 1.3497 | 1.3592 | 1.3718 |
| Camarilla | 1.3342 | 1.3363 | 1.3383 | 1.3403 | 1.3423 | 1.3444 | 1.3464 |
| Woodie | 1.3072 | 1.3158 | 1.3293 | 1.3379 | 1.3514 | 1.3600 | 1.3735 |
| Fibonacci | 1.3150 | 1.3234 | 1.3286 | 1.3371 | 1.3455 | 1.3507 | 1.3592 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2984 | 1.3092 | 1.3248 | 1.3356 | 1.3512 | 1.3620 | 1.3776 |
| Camarilla | 1.3330 | 1.3355 | 1.3379 | 1.3403 | 1.3427 | 1.3451 | 1.3476 |
| Woodie | 1.3007 | 1.3104 | 1.3271 | 1.3368 | 1.3535 | 1.3632 | 1.3799 |
| Fibonacci | 1.3092 | 1.3193 | 1.3256 | 1.3356 | 1.3457 | 1.3520 | 1.3620 |
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): | 67.91 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 15.5379 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 1.3400 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3390 | |
| Elder Ray (13): | 0.0007 | |
| Super Trend (3,10): | 1.3389 | |
| Zig ZAG (10): | 1.3407 | |
| VORTEX (21): | 1.1091 | |
| Stochastique (14,3,5): | 85.51 | |
| TEMA (21): | 1.3402 | |
| Williams %R (14): | -8.70 | |
| Chande Momentum Oscillator (20): | 0.0014 | |
| Repulse (5,40,3): | 0.0309 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0009 | |
| Courbe Coppock: | 0.07 |
| MA7: | 1.3375 | |
| MA20: | 1.3304 | |
| MA50: | 1.3185 | |
| MA100: | 1.3187 | |
| MAexp7: | 1.3401 | |
| MAexp20: | 1.3397 | |
| MAexp50: | 1.3394 | |
| MAexp100: | 1.3387 | |
| Price / MA7: | +0.23% | |
| Price / MA20: | +0.77% | |
| Price / MA50: | +1.68% | |
| Price / MA100: | +1.66% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.07% | |
| 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
-
US Dollar Resistance, USD/CAD Tightening Range: Webinar
-
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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