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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 05/17/2024 (GMT)

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Londinia
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 1.3634 CAD
My targets
1.3594 CAD (-0.0026)
1.3525 CAD (-0.0095)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.3634 CAD remains possible. It is advisable to trade USD/CAD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.3634 CAD. The next bearish objective for sellers is set at 1.3594 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3525 CAD. In case of crossing, the next objective would be the support located at 1.3453 CAD. PS: if there is a bullish break in the resistance located at 1.3634 CAD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.9

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.

dtaccori
This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

USD/CAD rating 1.3620 CAD. On the day, this instrument gained +0.04% and was traded between 1.3613 CAD and 1.3644 CAD over the period. The price is currently at +0.05% from its lowest and -0.18% from its highest.

1.3613
1.3644
1.3620

Here is a more detailed summary of the historical variations registered by USD/CAD:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of USD/CAD indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
The Central Indicators scanner found no further results concerning independent technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.3525 1.3594 1.3607 1.3620 1.3634 1.3661 1.3686
Change (%) -0.70% -0.19% -0.10% - +0.10% +0.30% +0.48%
Change -0.0095 -0.0026 -0.0013 - +0.0014 +0.0041 +0.0066
Level Minor Major Minor - Intermediate Minor Major



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
Standard1.35391.35641.35901.36151.36411.36661.3692
Camarilla1.36011.36061.36101.36151.36201.36241.3629
Woodie1.35391.35641.35901.36151.36411.36661.3692
Fibonacci1.35641.35841.35961.36151.36351.36471.3666


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.34871.35611.36161.36901.37451.38191.3874
Camarilla1.36371.36481.36601.36721.36841.36961.3708
Woodie1.34791.35561.36081.36851.37371.38141.3866
Fibonacci1.35611.36101.36401.36901.37391.37691.3819


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.31871.33331.35551.37011.39231.40691.4291
Camarilla1.36771.37111.37441.37781.38121.38461.3879
Woodie1.32261.33521.35941.37201.39621.40881.4330
Fibonacci1.33331.34731.35601.37011.38411.39281.4069

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): 54.89
MACD (12,26,9): 0.0004
Directional Movement: 3.2904
AROON (14): 92.8571
DEMA (21): 1.3633
Parabolic SAR (0,02-0,02-0,2): 1.3614
Elder Ray (13): 0.0005
Super Trend (3,10): 1.3612
Zig ZAG (10): 1.3632
VORTEX (21): 1.1364
Stochastique (14,3,5): 79.08
TEMA (21): 1.3638
Williams %R (14): -35.48
Chande Momentum Oscillator (20): 0.0012
Repulse (5,40,3): -0.0272
ROCnROLL: 1
TRIX (15,9): 0.0034
Courbe Coppock: 0.24
MA7: 1.3645
MA20: 1.3678
MA50: 1.3632
MA100: 1.3548
MAexp7: 1.3634
MAexp20: 1.3628
MAexp50: 1.3627
MAexp100: 1.3638
Price / MA7: -0.18%
Price / MA20: -0.42%
Price / MA50: -0.09%
Price / MA100: +0.53%
Price / MAexp7: -0.10%
Price / MAexp20: -0.06%
Price / MAexp50: -0.05%
Price / MAexp100: -0.13%

Quotes : - Real time data - Forex

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:

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

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Londinia
Londinia AI

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