USD/CAD - 1H - Technical analysis published on 05/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
33%
39%
28%
My opinion
Bearish under 1.3718 CAD
My targets
1.3649 CAD (-0.0032)
1.3614 CAD (-0.0067)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for USD/CAD as long as the price remains well below 1.3718 CAD. The next bearish objective for sellers is set at 1.3649 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3614 CAD. In case of crossing, the next objective would be the support located at 1.3596 CAD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 1.3649 CAD. With this support, against the trend traders who want to buy USD/CAD on a buy signal from their trading strategy should not hesitate to act.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
0.5
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Additional analysis
Quotes
The USD/CAD rating is 1.3681 CAD. On the day, this instrument lost -0.26% and was traded between 1.3660 CAD and 1.3735 CAD over the period. The price is currently at +0.15% from its lowest and -0.39% from its highest.1.3660
1.3735
1.3681
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3614 | 1.3649 | 1.3671 | 1.3681 | 1.3692 | 1.3718 | 1.3744 |
| Change (%) | -0.49% | -0.23% | -0.07% | - | +0.08% | +0.27% | +0.46% |
| Change | -0.0067 | -0.0032 | -0.0010 | - | +0.0011 | +0.0037 | +0.0063 |
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3592 | 1.3619 | 1.3668 | 1.3695 | 1.3744 | 1.3771 | 1.3820 |
| Camarilla | 1.3696 | 1.3703 | 1.3710 | 1.3717 | 1.3724 | 1.3731 | 1.3738 |
| Woodie | 1.3603 | 1.3625 | 1.3679 | 1.3701 | 1.3755 | 1.3777 | 1.3831 |
| Fibonacci | 1.3619 | 1.3648 | 1.3666 | 1.3695 | 1.3724 | 1.3742 | 1.3771 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3444 | 1.3520 | 1.3592 | 1.3668 | 1.3740 | 1.3816 | 1.3888 |
| Camarilla | 1.3623 | 1.3637 | 1.3650 | 1.3664 | 1.3678 | 1.3691 | 1.3705 |
| Woodie | 1.3442 | 1.3519 | 1.3590 | 1.3667 | 1.3738 | 1.3815 | 1.3886 |
| Fibonacci | 1.3520 | 1.3577 | 1.3612 | 1.3668 | 1.3725 | 1.3760 | 1.3816 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3187 | 1.3333 | 1.3555 | 1.3701 | 1.3923 | 1.4069 | 1.4291 |
| Camarilla | 1.3677 | 1.3711 | 1.3744 | 1.3778 | 1.3812 | 1.3846 | 1.3879 |
| Woodie | 1.3226 | 1.3352 | 1.3594 | 1.3720 | 1.3962 | 1.4088 | 1.4330 |
| Fibonacci | 1.3333 | 1.3473 | 1.3560 | 1.3701 | 1.3841 | 1.3928 | 1.4069 |
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): | 43.48 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -5.2253 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.3683 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3662 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 1.3707 | |
| Zig ZAG (10): | 1.3681 | |
| VORTEX (21): | 0.8627 | |
| Stochastique (14,3,5): | 28.96 | |
| TEMA (21): | 1.3671 | |
| Williams %R (14): | -68.18 | |
| Chande Momentum Oscillator (20): | -0.0033 | |
| Repulse (5,40,3): | 0.0053 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0035 | |
| Courbe Coppock: | 0.64 |
| MA7: | 1.3680 | |
| MA20: | 1.3667 | |
| MA50: | 1.3660 | |
| MA100: | 1.3576 | |
| MAexp7: | 1.3680 | |
| MAexp20: | 1.3689 | |
| MAexp50: | 1.3686 | |
| MAexp100: | 1.3677 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | +0.10% | |
| Price / MA50: | +0.15% | |
| Price / MA100: | +0.77% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | +0.03% |
Quotes :
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Real time data
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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:
-
USD/CAD Forecast May 30, 2024
-
USD/CAD Forecast May 28, 2024
-
USD/CAD Forecast May 24, 2024
-
USD/CAD Forecast May 23, 2024
-
USD/CAD Forecast May 22, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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