USD/CAD - 1H - Technical analysis published on 04/26/2024 (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
22%
61%
17%
My opinion
Bearish under 1.3689 CAD
My targets
1.3595 CAD (-0.0054)
1.3453 CAD (-0.0196)
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 1.3689 CAD. The sellers' bearish objective is set at 1.3595 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3453 CAD. In case of crossing, the next objective would be the support located at 1.3197 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 are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
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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 1.3649 CAD. On the day, this instrument lost -0.07% with the lowest point at 1.3637 CAD and the highest point at 1.3663 CAD. The deviation from the price is +0.09% for the low point and -0.10% for the high point.1.3637
1.3663
1.3649
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 this 1H chart of USD/CAD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3197 | 1.3453 | 1.3595 | 1.3649 | 1.3656 | 1.3689 | 1.3730 |
| Change (%) | -3.31% | -1.44% | -0.40% | - | +0.05% | +0.29% | +0.59% |
| Change | -0.0452 | -0.0196 | -0.0054 | - | +0.0007 | +0.0040 | +0.0081 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Major | 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 | 1.3548 | 1.3599 | 1.3629 | 1.3680 | 1.3710 | 1.3761 | 1.3791 |
| Camarilla | 1.3637 | 1.3644 | 1.3652 | 1.3659 | 1.3666 | 1.3674 | 1.3681 |
| Woodie | 1.3538 | 1.3594 | 1.3619 | 1.3675 | 1.3700 | 1.3756 | 1.3781 |
| Fibonacci | 1.3599 | 1.3630 | 1.3649 | 1.3680 | 1.3711 | 1.3730 | 1.3761 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3580 | 1.3651 | 1.3703 | 1.3774 | 1.3826 | 1.3897 | 1.3949 |
| Camarilla | 1.3720 | 1.3732 | 1.3743 | 1.3754 | 1.3765 | 1.3777 | 1.3788 |
| Woodie | 1.3570 | 1.3646 | 1.3693 | 1.3769 | 1.3816 | 1.3892 | 1.3939 |
| Fibonacci | 1.3651 | 1.3698 | 1.3727 | 1.3774 | 1.3821 | 1.3850 | 1.3897 |
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 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): | 36.25 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | -15.2745 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 1.3649 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3683 | |
| Elder Ray (13): | -0.0012 | |
| Super Trend (3,10): | 1.3675 | |
| Zig ZAG (10): | 1.3648 | |
| VORTEX (21): | 0.8893 | |
| Stochastique (14,3,5): | 16.02 | |
| TEMA (21): | 1.3643 | |
| Williams %R (14): | -69.44 | |
| Chande Momentum Oscillator (20): | -0.0016 | |
| Repulse (5,40,3): | 0.0074 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0101 | |
| Courbe Coppock: | 0.45 |
| MA7: | 1.3700 | |
| MA20: | 1.3668 | |
| MA50: | 1.3585 | |
| MA100: | 1.3505 | |
| MAexp7: | 1.3652 | |
| MAexp20: | 1.3662 | |
| MAexp50: | 1.3676 | |
| MAexp100: | 1.3692 | |
| Price / MA7: | -0.37% | |
| Price / MA20: | -0.14% | |
| Price / MA50: | +0.47% | |
| Price / MA100: | +1.07% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.31% |
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:
-
USD/CAD Forecast April 10, 2024
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
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