USD/CAD - 1H - Technical analysis published on 01/13/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
39%
44%
My opinion
Bearish under 1.4443 CAD
My targets
1.4374 CAD (-0.0032)
1.4347 CAD (-0.0059)
My analysis
The strong short-term decline in USD/CAD calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 1.4443 CAD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 1.4374 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.4347 CAD as an objective. Crossing it would then enable sellers to target 1.4280 CAD. Be careful, a return to above 1.4443 CAD could jeopardize the reversal.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
1.1
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Additional analysis
Quotes
The USD/CAD price is 1.4406 CAD. On the day, this instrument lost -0.12% and was between 1.4392 CAD and 1.4447 CAD. This implies that the price is at +0.10% from its lowest and at -0.28% from its highest.1.4392
1.4447
1.4406
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 HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/CAD in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4280 | 1.4347 | 1.4374 | 1.4406 | 1.4410 | 1.4443 | 1.4464 |
| Change (%) | -0.87% | -0.41% | -0.22% | - | +0.03% | +0.26% | +0.40% |
| Change | -0.0126 | -0.0059 | -0.0032 | - | +0.0004 | +0.0037 | +0.0058 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4316 | 1.4346 | 1.4384 | 1.4414 | 1.4452 | 1.4482 | 1.4520 |
| Camarilla | 1.4404 | 1.4411 | 1.4417 | 1.4423 | 1.4429 | 1.4436 | 1.4442 |
| Woodie | 1.4321 | 1.4348 | 1.4389 | 1.4416 | 1.4457 | 1.4484 | 1.4525 |
| Fibonacci | 1.4346 | 1.4372 | 1.4388 | 1.4414 | 1.4440 | 1.4456 | 1.4482 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4146 | 1.4213 | 1.4318 | 1.4385 | 1.4490 | 1.4557 | 1.4662 |
| Camarilla | 1.4376 | 1.4392 | 1.4407 | 1.4423 | 1.4439 | 1.4455 | 1.4470 |
| Woodie | 1.4165 | 1.4223 | 1.4337 | 1.4395 | 1.4509 | 1.4567 | 1.4681 |
| Fibonacci | 1.4213 | 1.4279 | 1.4319 | 1.4385 | 1.4451 | 1.4491 | 1.4557 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3608 | 1.3796 | 1.4090 | 1.4278 | 1.4572 | 1.4760 | 1.5054 |
| Camarilla | 1.4251 | 1.4295 | 1.4339 | 1.4383 | 1.4427 | 1.4471 | 1.4516 |
| Woodie | 1.3660 | 1.3823 | 1.4142 | 1.4305 | 1.4624 | 1.4787 | 1.5106 |
| Fibonacci | 1.3796 | 1.3981 | 1.4094 | 1.4278 | 1.4463 | 1.4576 | 1.4760 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.10 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -6.7540 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.4419 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4442 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 1.4399 | |
| Zig ZAG (10): | 1.4409 | |
| VORTEX (21): | 0.9568 | |
| Stochastique (14,3,5): | 32.88 | |
| TEMA (21): | 1.4412 | |
| Williams %R (14): | -68.63 | |
| Chande Momentum Oscillator (20): | -0.0025 | |
| Repulse (5,40,3): | -0.0967 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0015 | |
| Courbe Coppock: | 0.24 |
| MA7: | 1.4395 | |
| MA20: | 1.4374 | |
| MA50: | 1.4161 | |
| MA100: | 1.3898 | |
| MAexp7: | 1.4413 | |
| MAexp20: | 1.4419 | |
| MAexp50: | 1.4413 | |
| MAexp100: | 1.4402 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | +0.22% | |
| Price / MA50: | +1.73% | |
| Price / MA100: | +3.66% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | +0.03% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on USD/CAD at the time of the analysis were as follows:
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USD/CAD Price Forecast - Is the Loonie Struggling Again? (January 8, 2025 Forecast)
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USD/CAD Price Forecast - Wild Day in the Loonie, as US Wins the World Juniors in Canada
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USD/CAD Forecast Will the Dam Break for the Canadian Dollar?
This member declared not having a position on this financial instrument or a related financial instrument.
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