CAD/USD FULL0624 - 1H - Technical analysis published on 12/02/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
44%
22%
My opinion
Bearish under 0.78349 USD
My targets
0.77943 USD (-0.22%)
0.77002 USD (-1.42%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/USD FULL1221 as long as the price remains well below 0.78349 USD. The sellers' bearish objective is set at 0.77943 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.77002 USD. In case of crossing, the next objective would be the support located at 0.75149 USD. 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
6.4
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This analysis was given by Smurph77. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/USD FULL1221 rating is 0.78115 USD. The price has increased by +0.08% since the last closing with the lowest point at 0.77950 USD and the highest point at 0.78140 USD. The deviation from the price is +0.21% for the low point and -0.03% for the high point.0.77950
0.78140
0.78115
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/USD FULL1221 chart shows a sharp bearish trend. 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 scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.75149 | 0.77002 | 0.77943 | 0.78115 | 0.78125 | 0.78349 | 0.78663 |
| Change (%) | -3.80% | -1.42% | -0.22% | - | +0.01% | +0.30% | +0.70% |
| Change | -0.02966 | -0.01113 | -0.00172 | - | +0.00010 | +0.00234 | +0.00548 |
| Level | Minor | Major | Major | - | Minor | 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 | 0.77017 | 0.77478 | 0.77737 | 0.78198 | 0.78457 | 0.78918 | 0.79177 |
| Camarilla | 0.77797 | 0.77863 | 0.77929 | 0.77995 | 0.78061 | 0.78127 | 0.78193 |
| Woodie | 0.76915 | 0.77428 | 0.77635 | 0.78148 | 0.78355 | 0.78868 | 0.79075 |
| Fibonacci | 0.77478 | 0.77753 | 0.77923 | 0.78198 | 0.78473 | 0.78643 | 0.78918 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.76808 | 0.77467 | 0.77868 | 0.78527 | 0.78928 | 0.79587 | 0.79988 |
| Camarilla | 0.77979 | 0.78076 | 0.78173 | 0.78270 | 0.78367 | 0.78464 | 0.78562 |
| Woodie | 0.76680 | 0.77403 | 0.77740 | 0.78463 | 0.78800 | 0.79523 | 0.79860 |
| Fibonacci | 0.77467 | 0.77872 | 0.78122 | 0.78527 | 0.78932 | 0.79182 | 0.79587 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.74028 | 0.75962 | 0.76978 | 0.78912 | 0.79928 | 0.81862 | 0.82878 |
| Camarilla | 0.77184 | 0.77454 | 0.77725 | 0.77995 | 0.78265 | 0.78536 | 0.78806 |
| Woodie | 0.73570 | 0.75733 | 0.76520 | 0.78683 | 0.79470 | 0.81633 | 0.82420 |
| Fibonacci | 0.75962 | 0.77089 | 0.77785 | 0.78912 | 0.80039 | 0.80735 | 0.81862 |
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): | 43.59 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -10.71694 | |
| AROON (14): | -35.71428 | |
| DEMA (21): | 0.78098 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.78299 | |
| Elder Ray (13): | -0.00045 | |
| Super Trend (3,10): | 0.78390 | |
| Zig ZAG (10): | 0.78110 | |
| VORTEX (21): | 0.8412 | |
| Stochastique (14,3,5): | 18.29 | |
| TEMA (21): | 0.78034 | |
| Williams %R (14): | -76.39 | |
| Chande Momentum Oscillator (20): | -0.00415 | |
| Repulse (5,40,3): | 0.0896 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0098 | |
| Courbe Coppock: | 1.01 |
| MA7: | 0.78412 | |
| MA20: | 0.79189 | |
| MA50: | 0.79786 | |
| MA100: | 0.79521 | |
| MAexp7: | 0.78096 | |
| MAexp20: | 0.78192 | |
| MAexp50: | 0.78287 | |
| MAexp100: | 0.78416 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | -1.36% | |
| Price / MA50: | -2.09% | |
| Price / MA100: | -1.77% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.38% |
Quotes :
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10 min delayed data
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CME Globex Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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