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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 03/18/2022 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
28%
61%
11%
My opinion
Bearish under 1.2646 CAD
My targets
1.2563 CAD (-0.0039)
1.2498 CAD (-0.0104)
My analysis
The bearish trend is currently very strong for USD/CAD. As long as the price remains below the resistance at 1.2646 CAD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.2563 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.2498 CAD as an objective. Crossing it would then enable sellers to target 1.2391 CAD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.1

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.

Loofp1
This analysis was given by Loofp1. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/CAD rating is 1.2602 CAD. The price is lower by -0.24% since the last closing with the lowest point at 1.2597 CAD and the highest point at 1.2634 CAD. The deviation from the price is +0.04% for the low point and -0.25% for the high point.

1.2597
1.2634
1.2602

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

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 strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 2 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour



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 support of channel

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.2325 1.2391 1.2498 1.2602 1.2613 1.2646 1.2694
Change (%) -2.20% -1.67% -0.83% - +0.09% +0.35% +0.73%
Change -0.0277 -0.0211 -0.0104 - +0.0011 +0.0044 +0.0092
Level Intermediate Minor Major - Intermediate Major Minor



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
Standard1.25111.25621.25971.26481.26831.27341.2769
Camarilla1.26081.26161.26241.26321.26401.26481.2656
Woodie1.25031.25581.25891.26441.26751.27301.2761
Fibonacci1.25621.25951.26151.26481.26811.27011.2734


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.24421.25631.26581.27791.28741.29951.3090
Camarilla1.26931.27121.27321.27521.27721.27921.2811
Woodie1.24281.25571.26441.27731.28601.29891.3076
Fibonacci1.25631.26461.26971.27791.28621.29131.2995


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.23341.24851.25761.27271.28181.29691.3060
Camarilla1.26011.26231.26451.26671.26891.27111.2734
Woodie1.23041.24701.25461.27121.27881.29541.3030
Fibonacci1.24851.25771.26351.27271.28191.28771.2969

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): 26.96
MACD (12,26,9): -0.0019
Directional Movement: -17.2919
AROON (14): -85.7142
DEMA (21): 1.2603
Parabolic SAR (0,02-0,02-0,2): 1.2619
Elder Ray (13): -0.0019
Super Trend (3,10): 1.2641
Zig ZAG (10): 1.2599
VORTEX (21): 0.8261
Stochastique (14,3,5): 5.22
TEMA (21): 1.2603
Williams %R (14): -92.45
Chande Momentum Oscillator (20): -0.0018
Repulse (5,40,3): -0.0865
ROCnROLL: 2
TRIX (15,9): -0.0212
Courbe Coppock: 0.51
MA7: 1.2717
MA20: 1.2736
MA50: 1.2684
MA100: 1.2686
MAexp7: 1.2611
MAexp20: 1.2629
MAexp50: 1.2667
MAexp100: 1.2705
Price / MA7: -0.90%
Price / MA20: -1.05%
Price / MA50: -0.65%
Price / MA100: -0.66%
Price / MAexp7: -0.07%
Price / MAexp20: -0.21%
Price / MAexp50: -0.51%
Price / MAexp100: -0.81%

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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