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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 05/30/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Neutral
Technical indicators
28%
50%
22%
My opinion
Bearish under 1.3692 CAD
My targets
1.3649 CAD (-0.0028)
1.3614 CAD (-0.0063)
My analysis
The strong short-term decrease of USD/CAD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 1.3692 CAD, a sale could be considered. The first bearish objective is located at 1.3649 CAD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 1.3614 CAD. If there is any crossing, the next objective would be support 1.3596 CAD. Caution, if there is a return to above 1.3692 CAD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.3

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

The USD/CAD rating is 1.3677 CAD. The price registered a decrease of -0.29% on the session and was traded between 1.3660 CAD and 1.3735 CAD over the period. The price is currently at +0.12% from its lowest and -0.42% from its highest.

1.3660
1.3735
1.3677

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 (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 USD/CAD in 1H shows a neutral overall trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 5 are bullish, 4 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

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 horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Black gravestone / inverted hammer

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.3614 1.3649 1.3671 1.3677 1.3692 1.3718 1.3744
Change (%) -0.46% -0.20% -0.04% - +0.11% +0.30% +0.49%
Change -0.0063 -0.0028 -0.0006 - +0.0015 +0.0041 +0.0067
Level Major Intermediate Minor - Major Minor Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.35921.36191.36681.36951.37441.37711.3820
Camarilla1.36961.37031.37101.37171.37241.37311.3738
Woodie1.36031.36251.36791.37011.37551.37771.3831
Fibonacci1.36191.36481.36661.36951.37241.37421.3771


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.34441.35201.35921.36681.37401.38161.3888
Camarilla1.36231.36371.36501.36641.36781.36911.3705
Woodie1.34421.35191.35901.36671.37381.38151.3886
Fibonacci1.35201.35771.36121.36681.37251.37601.3816


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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 35.88
MACD (12,26,9): -0.0007
Directional Movement: -12.8023
AROON (14): -71.4285
DEMA (21): 1.3689
Parabolic SAR (0,02-0,02-0,2): 1.3691
Elder Ray (13): -0.0014
Super Trend (3,10): 1.3707
Zig ZAG (10): 1.3671
VORTEX (21): 0.8431
Stochastique (14,3,5): 12.00
TEMA (21): 1.3673
Williams %R (14): -85.33
Chande Momentum Oscillator (20): -0.0060
Repulse (5,40,3): -0.0626
ROCnROLL: 2
TRIX (15,9): 0.0017
Courbe Coppock: 0.67
MA7: 1.3679
MA20: 1.3667
MA50: 1.3659
MA100: 1.3576
MAexp7: 1.3678
MAexp20: 1.3693
MAexp50: 1.3687
MAexp100: 1.3677
Price / MA7: -0.01%
Price / MA20: +0.07%
Price / MA50: +0.13%
Price / MA100: +0.74%
Price / MAexp7: -0.01%
Price / MAexp20: -0.12%
Price / MAexp50: -0.07%
Price / MAexp100: -0%

Quotes : - Real time data - Forex

News


The last news published on USD/CAD at the time of the generation of this analysis was as follows:

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

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