USD/CAD

- CAD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDCAD
ISIN:

USD/CAD - 1H - Technical analysis published on 05/10/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

61%

17%

22%

My opinion

Bearish under 1.3715 CAD

My targets

1.3648 CAD (-0.0032)

1.3609 CAD (-0.0071)

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 1.3715 CAD. The sellers' bearish objective is set at 1.3648 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3609 CAD. In case of crossing, the next objective would be the support located at 1.3594 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, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

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 dtaccori. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The USD/CAD price is 1.3680 CAD. On the day, this instrument gained +0.02% with the lowest point at 1.3674 CAD and the highest point at 1.3691 CAD. The deviation from the price is +0.04% for the low point and -0.08% for the high point.

1.3674

1.3691

1.3680

A study of price movements over other periods shows the following variations:

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

Technical

A technical analysis in 1H of this USD/CAD chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.3594	1.3609	1.3648	1.3680	1.3683	1.3715	1.3745
Change (%)	-0.63%	-0.52%	-0.23%	-	+0.02%	+0.26%	+0.48%
Change	-0.0086	-0.0071	-0.0032	-	+0.0003	+0.0035	+0.0065
Level	Intermediate	Intermediate	Intermediate	-	Major	Minor	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	1.3588	1.3630	1.3654	1.3696	1.3720	1.3762	1.3786
Camarilla	1.3660	1.3666	1.3672	1.3678	1.3684	1.3690	1.3696
Woodie	1.3579	1.3626	1.3645	1.3692	1.3711	1.3758	1.3777
Fibonacci	1.3630	1.3655	1.3671	1.3696	1.3721	1.3737	1.3762

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3426	1.3517	1.3602	1.3693	1.3778	1.3869	1.3954
Camarilla	1.3638	1.3654	1.3670	1.3686	1.3702	1.3718	1.3734
Woodie	1.3422	1.3516	1.3598	1.3692	1.3774	1.3868	1.3950
Fibonacci	1.3517	1.3585	1.3626	1.3693	1.3761	1.3802	1.3869

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3187	1.3333	1.3555	1.3701	1.3923	1.4069	1.4291
Camarilla	1.3677	1.3711	1.3744	1.3778	1.3812	1.3846	1.3879
Woodie	1.3226	1.3352	1.3594	1.3720	1.3962	1.4088	1.4330
Fibonacci	1.3333	1.3473	1.3560	1.3701	1.3841	1.3928	1.4069

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):	38.15
MACD (12,26,9):	-0.0008
Directional Movement:	-14.9465
AROON (14):	28.5714
DEMA (21):	1.3677
Parabolic SAR (0,02-0,02-0,2):	1.3674
Elder Ray (13):	-0.0004
Super Trend (3,10):	1.3703
Zig ZAG (10):	1.3682
VORTEX (21):	0.7696
Stochastique (14,3,5):	53.80
TEMA (21):	1.3676
Williams %R (14):	-42.11
Chande Momentum Oscillator (20):	0.0007
Repulse (5,40,3):	0.0144
ROCnROLL:	2
TRIX (15,9):	-0.0116
Courbe Coppock:	0.11

MA7:	1.3692
MA20:	1.3716
MA50:	1.3621
MA100:	1.3528
MAexp7:	1.3683
MAexp20:	1.3690
MAexp50:	1.3702
MAexp100:	1.3703
Price / MA7:	-0.09%
Price / MA20:	-0.26%
Price / MA50:	+0.43%
Price / MA100:	+1.12%
Price / MAexp7:	-0.02%
Price / MAexp20:	-0.07%
Price / MAexp50:	-0.16%
Price / MAexp100:	-0.17%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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