USD/CAD - 1H - Technical analysis published on 04/09/2024 (GMT)
- 75
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
44%
22%
33%
My opinion
Neutral between 1.3550 CAD and 1.3595 CAD
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 1.3595 CAD. The first support is located at 1.3550 CAD. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this 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 dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD rating is 1.3578 CAD. On the day, this instrument gained +0.05% and was between 1.3568 CAD and 1.3585 CAD. This implies that the price is at +0.07% from its lowest and at -0.05% from its highest.1.3568
1.3585
1.3578
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/CAD chart shows a slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also 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, 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
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 | 1.3514 | 1.3550 | 1.3569 | 1.3578 | 1.3595 | 1.3617 | 1.3648 |
| Change (%) | -0.47% | -0.21% | -0.07% | - | +0.13% | +0.29% | +0.52% |
| Change | -0.0064 | -0.0028 | -0.0009 | - | +0.0017 | +0.0039 | +0.0070 |
| Level | Minor | Minor | Intermediate | - | Major | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3505 | 1.3536 | 1.3554 | 1.3585 | 1.3603 | 1.3634 | 1.3652 |
| Camarilla | 1.3558 | 1.3562 | 1.3567 | 1.3571 | 1.3576 | 1.3580 | 1.3585 |
| Woodie | 1.3498 | 1.3533 | 1.3547 | 1.3582 | 1.3596 | 1.3631 | 1.3645 |
| Fibonacci | 1.3536 | 1.3555 | 1.3567 | 1.3585 | 1.3604 | 1.3616 | 1.3634 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3325 | 1.3402 | 1.3495 | 1.3572 | 1.3665 | 1.3742 | 1.3835 |
| Camarilla | 1.3542 | 1.3558 | 1.3573 | 1.3589 | 1.3605 | 1.3620 | 1.3636 |
| Woodie | 1.3334 | 1.3406 | 1.3504 | 1.3576 | 1.3674 | 1.3746 | 1.3844 |
| Fibonacci | 1.3402 | 1.3467 | 1.3507 | 1.3572 | 1.3637 | 1.3677 | 1.3742 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3238 | 1.3329 | 1.3432 | 1.3523 | 1.3626 | 1.3717 | 1.3820 |
| Camarilla | 1.3482 | 1.3499 | 1.3517 | 1.3535 | 1.3553 | 1.3571 | 1.3588 |
| Woodie | 1.3244 | 1.3332 | 1.3438 | 1.3526 | 1.3632 | 1.3720 | 1.3826 |
| Fibonacci | 1.3329 | 1.3403 | 1.3449 | 1.3523 | 1.3597 | 1.3643 | 1.3717 |
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): | 48.34 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -2.7318 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.3578 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3586 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 1.3602 | |
| Zig ZAG (10): | 1.3580 | |
| VORTEX (21): | 0.9519 | |
| Stochastique (14,3,5): | 58.60 | |
| TEMA (21): | 1.3574 | |
| Williams %R (14): | -29.41 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | 0.0487 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0031 | |
| Courbe Coppock: | 0.05 |
| MA7: | 1.3563 | |
| MA20: | 1.3551 | |
| MA50: | 1.3521 | |
| MA100: | 1.3491 | |
| MAexp7: | 1.3578 | |
| MAexp20: | 1.3580 | |
| MAexp50: | 1.3578 | |
| MAexp100: | 1.3571 | |
| Price / MA7: | +0.11% | |
| Price / MA20: | +0.20% | |
| Price / MA50: | +0.42% | |
| Price / MA100: | +0.64% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | +0.05% |
Quotes :
-
Real time data
-
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:
-
Technical Analysis: 05/03/2024 - USDCAD ticks higher within ascending channel
-
Technical Analysis: 29/03/2024 - USDCAD pauses four-day slide
-
Technical Analysis: 22/03/2024 - Is there stronger bullish trend for USDCAD?
-
USD/CAD Forecast March 20, 2024
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Technical Analysis: 15/03/2024 - Is USDCAD poised for another bullish round?
This member declared not having a position on this financial instrument or a related financial instrument.
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