USD/CAD - 1H - Technical analysis published on 01/23/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.4390 CAD
My targets
1.4301 CAD (-0.0057)
1.4261 CAD (-0.0097)
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 1.4390 CAD. The sellers' bearish objective is set at 1.4301 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.4261 CAD. In case of crossing, the next objective would be the support located at 1.3873 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.4
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 akigoldstein. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD rating is 1.4358 CAD. On the day, this instrument lost -0.26% with the lowest point at 1.4334 CAD and the highest point at 1.4414 CAD. The deviation from the price is +0.17% for the low point and -0.39% for the high point.1.4334
1.4414
1.4358
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 HIGH record (1st january)
Type : Bullish
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 strongly bearish. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 1.4261 | 1.4301 | 1.4344 | 1.4358 | 1.4367 | 1.4390 | 1.4453 |
| Change (%) | -0.68% | -0.40% | -0.10% | - | +0.06% | +0.22% | +0.66% |
| Change | -0.0097 | -0.0057 | -0.0014 | - | +0.0009 | +0.0032 | +0.0095 |
| Level | Minor | Major | Major | - | Minor | Intermediate | 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 | 1.4227 | 1.4264 | 1.4330 | 1.4367 | 1.4433 | 1.4470 | 1.4536 |
| Camarilla | 1.4368 | 1.4377 | 1.4387 | 1.4396 | 1.4405 | 1.4415 | 1.4424 |
| Woodie | 1.4242 | 1.4271 | 1.4345 | 1.4374 | 1.4448 | 1.4477 | 1.4551 |
| Fibonacci | 1.4264 | 1.4303 | 1.4328 | 1.4367 | 1.4406 | 1.4431 | 1.4470 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4173 | 1.4238 | 1.4356 | 1.4421 | 1.4539 | 1.4604 | 1.4722 |
| Camarilla | 1.4425 | 1.4442 | 1.4458 | 1.4475 | 1.4492 | 1.4509 | 1.4525 |
| Woodie | 1.4201 | 1.4251 | 1.4384 | 1.4434 | 1.4567 | 1.4617 | 1.4750 |
| Fibonacci | 1.4238 | 1.4308 | 1.4351 | 1.4421 | 1.4491 | 1.4534 | 1.4604 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 41.28 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -9.5855 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 1.4374 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4397 | |
| Elder Ray (13): | -0.0016 | |
| Super Trend (3,10): | 1.4413 | |
| Zig ZAG (10): | 1.4356 | |
| VORTEX (21): | 0.9469 | |
| Stochastique (14,3,5): | 20.42 | |
| TEMA (21): | 1.4367 | |
| Williams %R (14): | -72.50 | |
| Chande Momentum Oscillator (20): | -0.0034 | |
| Repulse (5,40,3): | -0.1068 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0037 | |
| Courbe Coppock: | 0.34 |
| MA7: | 1.4370 | |
| MA20: | 1.4381 | |
| MA50: | 1.4234 | |
| MA100: | 1.3968 | |
| MAexp7: | 1.4364 | |
| MAexp20: | 1.4375 | |
| MAexp50: | 1.4376 | |
| MAexp100: | 1.4380 | |
| Price / MA7: | -0.08% | |
| Price / MA20: | -0.16% | |
| Price / MA50: | +0.87% | |
| Price / MA100: | +2.79% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -0.15% |
Quotes :
-
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:
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USD/CAD Falls but Dollar Roars Back
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USD/CAD Price Analysis - Is the Dam About to Break?
This member declared not having a position on this financial instrument or a related financial instrument.
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