USD/CAD - 1H - Technical analysis published on 08/12/2024 (GMT)
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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:
Strongly bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 1.3765 CAD
My targets
1.3650 CAD (-0.0081)
1.3598 CAD (-0.0133)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/CAD as long as the price remains well below 1.3765 CAD. The sellers' bearish objective is set at 1.3650 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3598 CAD. In case of crossing, the next objective would be the support located at 1.3525 CAD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/CAD rating 1.3731 CAD. The price has increased by +0.01% since the last closing with the lowest point at 1.3724 CAD and the highest point at 1.3741 CAD. The deviation from the price is +0.05% for the low point and -0.07% for the high point.1.3724
1.3741
1.3731
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 8 are neutral and 4 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3525 | 1.3598 | 1.3720 | 1.3731 | 1.3743 | 1.3765 | 1.3787 |
| Change (%) | -1.50% | -0.97% | -0.08% | - | +0.09% | +0.25% | +0.41% |
| Change | -0.0206 | -0.0133 | -0.0011 | - | +0.0012 | +0.0034 | +0.0056 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3679 | 1.3699 | 1.3714 | 1.3734 | 1.3749 | 1.3769 | 1.3784 |
| Camarilla | 1.3720 | 1.3724 | 1.3727 | 1.3730 | 1.3733 | 1.3736 | 1.3740 |
| Woodie | 1.3678 | 1.3698 | 1.3713 | 1.3733 | 1.3748 | 1.3768 | 1.3783 |
| Fibonacci | 1.3699 | 1.3712 | 1.3720 | 1.3734 | 1.3747 | 1.3755 | 1.3769 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3421 | 1.3569 | 1.3650 | 1.3798 | 1.3879 | 1.4027 | 1.4108 |
| Camarilla | 1.3667 | 1.3688 | 1.3709 | 1.3730 | 1.3751 | 1.3772 | 1.3793 |
| Woodie | 1.3387 | 1.3552 | 1.3616 | 1.3781 | 1.3845 | 1.4010 | 1.4074 |
| Fibonacci | 1.3569 | 1.3657 | 1.3711 | 1.3798 | 1.3886 | 1.3940 | 1.4027 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3367 | 1.3478 | 1.3643 | 1.3754 | 1.3919 | 1.4030 | 1.4195 |
| Camarilla | 1.3732 | 1.3757 | 1.3783 | 1.3808 | 1.3833 | 1.3859 | 1.3884 |
| Woodie | 1.3394 | 1.3492 | 1.3670 | 1.3768 | 1.3946 | 1.4044 | 1.4222 |
| Fibonacci | 1.3478 | 1.3583 | 1.3649 | 1.3754 | 1.3859 | 1.3925 | 1.4030 |
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): | 47.56 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -1.1520 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.3733 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3739 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 1.3756 | |
| Zig ZAG (10): | 1.3732 | |
| VORTEX (21): | 0.9901 | |
| Stochastique (14,3,5): | 57.35 | |
| TEMA (21): | 1.3734 | |
| Williams %R (14): | -47.06 | |
| Chande Momentum Oscillator (20): | 0.0000 | |
| Repulse (5,40,3): | 0.0127 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0006 | |
| Courbe Coppock: | 0.03 |
| MA7: | 1.3774 | |
| MA20: | 1.3780 | |
| MA50: | 1.3723 | |
| MA100: | 1.3692 | |
| MAexp7: | 1.3734 | |
| MAexp20: | 1.3734 | |
| MAexp50: | 1.3739 | |
| MAexp100: | 1.3757 | |
| Price / MA7: | -0.31% | |
| Price / MA20: | -0.36% | |
| Price / MA50: | +0.06% | |
| Price / MA100: | +0.28% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.19% |
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 August 12, 2024
-
USD/CAD Forecast August 8, 2024
-
USD/CAD Forecast July 31, 2024
-
USD/CAD Forecast July 29, 2024
-
USD/CAD Forecast July 25, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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