USD/CAD - 1H - Technical analysis published on 05/31/2024 (GMT)
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- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
44%
17%
39%
My opinion
Neutral between 1.3671 CAD and 1.3725 CAD
My targets
-
My analysis
The short-term decline on USD/CAD remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 1.3671 CAD. The first resistance is located at 1.3725 CAD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD rating is 1.3686 CAD. The price has increased by +0.02% since the last closing and was traded between 1.3679 CAD and 1.3690 CAD over the period. The price is currently at +0.05% from its lowest and -0.03% from its highest.1.3679
1.3690
1.3686
Here is a more detailed summary of the historical variations registered by USD/CAD:
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. 53.57% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 8 technical indicators out of 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3639 | 1.3657 | 1.3671 | 1.3686 | 1.3692 | 1.3725 | 1.3744 |
| Change (%) | -0.34% | -0.21% | -0.11% | - | +0.04% | +0.28% | +0.42% |
| Change | -0.0047 | -0.0029 | -0.0015 | - | +0.0006 | +0.0039 | +0.0058 |
| Level | Minor | Minor | Minor | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3576 | 1.3618 | 1.3651 | 1.3693 | 1.3726 | 1.3768 | 1.3801 |
| Camarilla | 1.3663 | 1.3670 | 1.3677 | 1.3684 | 1.3691 | 1.3698 | 1.3705 |
| Woodie | 1.3572 | 1.3616 | 1.3647 | 1.3691 | 1.3722 | 1.3766 | 1.3797 |
| Fibonacci | 1.3618 | 1.3647 | 1.3664 | 1.3693 | 1.3722 | 1.3739 | 1.3768 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.92 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | 0.5756 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 1.3682 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3664 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 1.3707 | |
| Zig ZAG (10): | 1.3682 | |
| VORTEX (21): | 0.8280 | |
| Stochastique (14,3,5): | 46.83 | |
| TEMA (21): | 1.3675 | |
| Williams %R (14): | -46.51 | |
| Chande Momentum Oscillator (20): | 0.0016 | |
| Repulse (5,40,3): | 0.0195 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0053 | |
| Courbe Coppock: | 0.30 |
| MA7: | 1.3680 | |
| MA20: | 1.3667 | |
| MA50: | 1.3661 | |
| MA100: | 1.3579 | |
| MAexp7: | 1.3683 | |
| MAexp20: | 1.3687 | |
| MAexp50: | 1.3686 | |
| MAexp100: | 1.3678 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | +0.14% | |
| Price / MA50: | +0.18% | |
| Price / MA100: | +0.79% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | +0.06% |
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:
-
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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