USD/CAD - 1H - Technical analysis published on 06/03/2024 (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:
Bullish
Underlying:
Slightly bearish
Technical indicators
67%
6%
28%
My opinion
Neutral between 1.3624 CAD and 1.3692 CAD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 1.3692 CAD. The first support is located at 1.3624 CAD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by USD/CAD.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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Additional analysis
Quotes
The USD/CAD rating is 1.3655 CAD. The price registered an increase of +0.20% on the session and was between 1.3605 CAD and 1.3659 CAD. This implies that the price is at +0.37% from its lowest and at -0.03% from its highest.1.3605
1.3659
1.3655
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 USD/CAD in 1H shows an overall slightly bearish trend. Only 50.00% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
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:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3596 | 1.3614 | 1.3624 | 1.3655 | 1.3660 | 1.3692 | 1.3744 |
| Change (%) | -0.43% | -0.30% | -0.23% | - | +0.04% | +0.27% | +0.65% |
| Change | -0.0059 | -0.0041 | -0.0031 | - | +0.0005 | +0.0037 | +0.0089 |
| Level | Major | Intermediate | Minor | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3530 | 1.3575 | 1.3601 | 1.3646 | 1.3672 | 1.3717 | 1.3743 |
| Camarilla | 1.3609 | 1.3615 | 1.3622 | 1.3628 | 1.3635 | 1.3641 | 1.3648 |
| Woodie | 1.3522 | 1.3570 | 1.3593 | 1.3641 | 1.3664 | 1.3712 | 1.3735 |
| Fibonacci | 1.3575 | 1.3602 | 1.3619 | 1.3646 | 1.3673 | 1.3690 | 1.3717 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3462 | 1.3538 | 1.3583 | 1.3659 | 1.3704 | 1.3780 | 1.3825 |
| Camarilla | 1.3595 | 1.3606 | 1.3617 | 1.3628 | 1.3639 | 1.3650 | 1.3661 |
| Woodie | 1.3447 | 1.3530 | 1.3568 | 1.3651 | 1.3689 | 1.3772 | 1.3810 |
| Fibonacci | 1.3538 | 1.3584 | 1.3613 | 1.3659 | 1.3705 | 1.3734 | 1.3780 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3358 | 1.3474 | 1.3551 | 1.3667 | 1.3744 | 1.3860 | 1.3937 |
| Camarilla | 1.3575 | 1.3593 | 1.3610 | 1.3628 | 1.3646 | 1.3663 | 1.3681 |
| Woodie | 1.3339 | 1.3464 | 1.3532 | 1.3657 | 1.3725 | 1.3850 | 1.3918 |
| Fibonacci | 1.3474 | 1.3548 | 1.3593 | 1.3667 | 1.3741 | 1.3786 | 1.3860 |
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): | 60.36 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | 8.3100 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.3627 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3606 | |
| Elder Ray (13): | 0.0016 | |
| Super Trend (3,10): | 1.3616 | |
| Zig ZAG (10): | 1.3657 | |
| VORTEX (21): | 1.0480 | |
| Stochastique (14,3,5): | 91.81 | |
| TEMA (21): | 1.3632 | |
| Williams %R (14): | -5.56 | |
| Chande Momentum Oscillator (20): | 0.0028 | |
| Repulse (5,40,3): | 0.2109 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0116 | |
| Courbe Coppock: | 0.00 |
| MA7: | 1.3661 | |
| MA20: | 1.3663 | |
| MA50: | 1.3662 | |
| MA100: | 1.3581 | |
| MAexp7: | 1.3638 | |
| MAexp20: | 1.3636 | |
| MAexp50: | 1.3651 | |
| MAexp100: | 1.3659 | |
| Price / MA7: | -0.04% | |
| Price / MA20: | -0.06% | |
| Price / MA50: | -0.05% | |
| Price / MA100: | +0.54% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | -0.03% |
Quotes :
-
Real time data
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Forex
News
The last news published on USD/CAD at the time of the generation of this analysis 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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