USD/CAD

- CAD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

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

39%

28%

33%

My opinion

Bearish under 1.3715 CAD

My targets

1.3648 CAD (-0.0034)

1.3609 CAD (-0.0073)

My analysis

USD/CAD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.3715 CAD. The next support located at 1.3648 CAD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.3609 CAD. Below this support, sellers could then target 1.3594 CAD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

5.4

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 rating is 1.3682 CAD. The price has increased by +0.03% since the last closing and was traded between 1.3674 CAD and 1.3691 CAD over the period. The price is currently at +0.06% from its lowest and -0.07% from its highest.

1.3674

1.3691

1.3682

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:

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.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.3594	1.3609	1.3648	1.3682	1.3683	1.3715	1.3745
Change (%)	-0.64%	-0.53%	-0.25%	-	+0.01%	+0.24%	+0.46%
Change	-0.0088	-0.0073	-0.0034	-	+0.0001	+0.0033	+0.0063
Level	Intermediate	Intermediate	Intermediate	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	38.34
MACD (12,26,9):	-0.0008
Directional Movement:	-14.0116
AROON (14):	28.5715
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):	47.37
TEMA (21):	1.3676
Williams %R (14):	-52.63
Chande Momentum Oscillator (20):	0.0004
Repulse (5,40,3):	-0.0196
ROCnROLL:	2
TRIX (15,9):	-0.0112
Courbe Coppock:	0.06

MA7:	1.3692
MA20:	1.3716
MA50:	1.3621
MA100:	1.3528
MAexp7:	1.3683
MAexp20:	1.3689
MAexp50:	1.3701
MAexp100:	1.3702
Price / MA7:	-0.07%
Price / MA20:	-0.25%
Price / MA50:	+0.45%
Price / MA100:	+1.14%
Price / MAexp7:	-0.01%
Price / MAexp20:	-0.05%
Price / MAexp50:	-0.14%
Price / MAexp100:	-0.15%

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:

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

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