USD/CAD

- CAD (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	USDCAD
ISIN:

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

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

22%

44%

33%

My opinion

Bearish under 1.3715 CAD

My targets

1.3648 CAD (-0.0031)

1.3609 CAD (-0.0070)

My analysis

In the short term, we can see an acceleration in the bearish trend on USD/CAD, which is a positive signal for sellers. As long as the price remains above 1.3715 CAD, a sale could be considered. The first bearish objective is located at 1.3648 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.3609 CAD as an objective. Crossing it would then enable sellers to target 1.3594 CAD. If the price were to return above 1.3715 CAD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be 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

USD/CAD rating 1.3679 CAD. The price has increased by +0.01% since the last closing 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 -0.09% for the high point.

1.3674

1.3691

1.3679

Here is a more detailed summary of the historical variations registered by USD/CAD:

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

Technical analysis of USD/CAD in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.3594	1.3609	1.3648	1.3679	1.3683	1.3715	1.3745
Change (%)	-0.62%	-0.51%	-0.23%	-	+0.03%	+0.26%	+0.48%
Change	-0.0085	-0.0070	-0.0031	-	+0.0004	+0.0036	+0.0066
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):	37.88
MACD (12,26,9):	-0.0006
Directional Movement:	-9.8767
AROON (14):	28.5714
DEMA (21):	1.3677
Parabolic SAR (0,02-0,02-0,2):	1.3675
Elder Ray (13):	-0.0003
Super Trend (3,10):	1.3702
Zig ZAG (10):	1.3682
VORTEX (21):	1.0000
Stochastique (14,3,5):	48.05
TEMA (21):	1.3677
Williams %R (14):	-61.11
Chande Momentum Oscillator (20):	-0.0001
Repulse (5,40,3):	-0.0420
ROCnROLL:	2
TRIX (15,9):	-0.0093
Courbe Coppock:	0.04

MA7:	1.3692
MA20:	1.3716
MA50:	1.3621
MA100:	1.3528
MAexp7:	1.3682
MAexp20:	1.3687
MAexp50:	1.3698
MAexp100:	1.3701
Price / MA7:	-0.09%
Price / MA20:	-0.27%
Price / MA50:	+0.43%
Price / MA100:	+1.12%
Price / MAexp7:	-0.02%
Price / MAexp20:	-0.06%
Price / MAexp50:	-0.14%
Price / MAexp100:	-0.16%

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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