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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 06/21/2022 (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

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 1.2989 CAD
My targets
1.2862 CAD (-0.0085)
1.2836 CAD (-0.0111)
My analysis
USD/CAD is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 1.2989 CAD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 1.2862 CAD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 1.2836 CAD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 1.2644 CAD. Beware of a possible return to above the resistance located at 1.2989 CAD which would be a sign of a correction of the short-term bearish excesses registered.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.8

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.

pyxis2025
This analysis was given by pyxis2025. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/CAD price is 1.2947 CAD. The price is lower by -0.29% since the last closing with the lowest point at 1.2906 CAD and the highest point at 1.2985 CAD. The deviation from the price is +0.32% for the low point and -0.29% for the high point.

1.2906
1.2985
1.2947

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 for higher/lower results shows the following items:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of USD/CAD indicates that the overall trend is slightly bearish. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. 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 : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

Central Patterns

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour


Near support of channel

Type : Bullish

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 1.2549 1.2644 1.2862 1.2947 1.2989 1.3039 1.3079
Change (%) -3.07% -2.34% -0.66% - +0.32% +0.71% +1.02%
Change -0.0398 -0.0303 -0.0085 - +0.0042 +0.0092 +0.0132
Level Minor Major Intermediate - Major Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.28971.29371.29601.30001.30231.30631.3086
Camarilla1.29671.29731.29781.29841.29901.29961.3001
Woodie1.28901.29331.29531.29961.30161.30591.3079
Fibonacci1.29371.29611.29761.30001.30241.30391.3063


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.25281.26501.28361.29581.31441.32661.3452
Camarilla1.29381.29671.29951.30231.30511.30801.3108
Woodie1.25611.26661.28691.29741.31771.32821.3485
Fibonacci1.26501.27671.28401.29581.30751.31481.3266


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.20381.23331.24861.27811.29341.32291.3382
Camarilla1.25151.25561.25971.26381.26791.27201.2761
Woodie1.19661.22981.24141.27461.28621.31941.3310
Fibonacci1.23331.25051.26101.27811.29531.30581.3229

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): 46.82
MACD (12,26,9): -0.0014
Directional Movement: 1.8057
AROON (14): -64.2857
DEMA (21): 1.2936
Parabolic SAR (0,02-0,02-0,2): 1.2909
Elder Ray (13): 0.0005
Super Trend (3,10): 1.2958
Zig ZAG (10): 1.2947
VORTEX (21): 0.8866
Stochastique (14,3,5): 55.42
TEMA (21): 1.2929
Williams %R (14): -42.50
Chande Momentum Oscillator (20): -0.0010
Repulse (5,40,3): 0.0808
ROCnROLL: -1
TRIX (15,9): -0.0175
Courbe Coppock: 0.65
MA7: 1.2946
MA20: 1.2762
MA50: 1.2780
MA100: 1.2722
MAexp7: 1.2942
MAexp20: 1.2954
MAexp50: 1.2968
MAexp100: 1.2950
Price / MA7: +0.01%
Price / MA20: +1.45%
Price / MA50: +1.31%
Price / MA100: +1.77%
Price / MAexp7: +0.04%
Price / MAexp20: -0.05%
Price / MAexp50: -0.16%
Price / MAexp100: -0.02%

Quotes : - Real time data - Forex

News


The latest news and videos published on USD/CAD at the time of the analysis were as follows:

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

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