USD/CAD

- CAD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	USDCAD
ISIN:

USD/CAD - Daily - Technical analysis published on 08/19/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

22%

67%

11%

My opinion

Bearish under 1.3735 CAD

My targets

1.3525 CAD (-0.0140)

1.3454 CAD (-0.0211)

My analysis

The strong short-term decline of USD/CAD reinforces the current slightly bearish trend. As long as the price remains below 1.3735 CAD, you could take advantage of this bearish acceleration. The first bearish objective is located at 1.3525 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.3454 CAD as an objective. Crossing it would then enable sellers to target 1.3197 CAD. A return to above 1.3735 CAD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

4.3

Comment on the analysis

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.

This analysis was given by Muhahaha. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The USD/CAD price is 1.3665 CAD. The price is lower by -0.10% since the last closing and was between 1.3661 CAD and 1.3688 CAD. This implies that the price is at +0.03% from its lowest and at -0.17% from its highest.

1.3661

1.3688

1.3665

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

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:

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

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of USD/CAD indicates that the overall trend is slightly bearish. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : Daily

On the 18 technical indicators analysed, 4 are bullish, 2 are neutral and 12 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.3454	1.3525	1.3640	1.3665	1.3735	1.3819	1.3876
Change (%)	-1.54%	-1.02%	-0.18%	-	+0.51%	+1.13%	+1.54%
Change	-0.0211	-0.0140	-0.0025	-	+0.0070	+0.0154	+0.0211
Level	Intermediate	Minor	Intermediate	-	Intermediate	Minor	Major

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	1.3592	1.3632	1.3656	1.3696	1.3720	1.3760	1.3784
Camarilla	1.3661	1.3667	1.3673	1.3679	1.3685	1.3691	1.3697
Woodie	1.3583	1.3628	1.3647	1.3692	1.3711	1.3756	1.3775
Fibonacci	1.3632	1.3657	1.3672	1.3696	1.3721	1.3736	1.3760

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3577	1.3625	1.3652	1.3700	1.3727	1.3775	1.3802
Camarilla	1.3658	1.3665	1.3672	1.3679	1.3686	1.3693	1.3700
Woodie	1.3567	1.3620	1.3642	1.3695	1.3717	1.3770	1.3792
Fibonacci	1.3625	1.3654	1.3671	1.3700	1.3729	1.3746	1.3775

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):	38.68
MACD (12,26,9):	-0.0009
Directional Movement:	-3.4697
AROON (14):	-71.4286
DEMA (21):	1.3738
Parabolic SAR (0,02-0,02-0,2):	1.3829
Elder Ray (13):	-0.0059
Super Trend (3,10):	1.3829
Zig ZAG (10):	1.3667
VORTEX (21):	0.9649
Stochastique (14,3,5):	7.13
TEMA (21):	1.3712
Williams %R (14):	-98.25
Chande Momentum Oscillator (20):	-0.0215
Repulse (5,40,3):	-0.4725
ROCnROLL:	2
TRIX (15,9):	0.0122
Courbe Coppock:	1.71

MA7:	1.3711
MA20:	1.3779
MA50:	1.3723
MA100:	1.3699
MAexp7:	1.3710
MAexp20:	1.3740
MAexp50:	1.3725
MAexp100:	1.3691
Price / MA7:	-0.34%
Price / MA20:	-0.83%
Price / MA50:	-0.42%
Price / MA100:	-0.25%
Price / MAexp7:	-0.33%
Price / MAexp20:	-0.55%
Price / MAexp50:	-0.44%
Price / MAexp100:	-0.19%

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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