USD/CAD - 1H - Technical analysis published on 04/10/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.4002 CAD
My targets
1.3839 CAD (-0.0115)
1.3752 CAD (-0.0202)
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 1.4002 CAD. The next support located at 1.3839 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 1.3752 CAD. Below this support, sellers could then target 1.3335 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.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
7.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/CAD rating 1.3954 CAD. The price registered a decrease of -0.24% on the session and was between 1.3952 CAD and 1.4009 CAD. This implies that the price is at +0.01% from its lowest and at -0.39% from its highest.1.3952
1.4009
1.3954
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 HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this USD/CAD chart shows a sharp bearish trend. 92.86% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3335 | 1.3752 | 1.3945 | 1.3954 | 1.4002 | 1.4080 | 1.4163 |
| Change (%) | -4.44% | -1.45% | -0.06% | - | +0.34% | +0.90% | +1.50% |
| Change | -0.0619 | -0.0202 | -0.0009 | - | +0.0048 | +0.0126 | +0.0209 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3773 | 1.3852 | 1.3920 | 1.3999 | 1.4067 | 1.4146 | 1.4214 |
| Camarilla | 1.3948 | 1.3961 | 1.3975 | 1.3988 | 1.4002 | 1.4015 | 1.4028 |
| Woodie | 1.3768 | 1.3849 | 1.3915 | 1.3996 | 1.4062 | 1.4143 | 1.4209 |
| Fibonacci | 1.3852 | 1.3908 | 1.3943 | 1.3999 | 1.4055 | 1.4090 | 1.4146 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3676 | 1.3839 | 1.4023 | 1.4186 | 1.4370 | 1.4533 | 1.4717 |
| Camarilla | 1.4112 | 1.4143 | 1.4175 | 1.4207 | 1.4239 | 1.4271 | 1.4302 |
| Woodie | 1.3687 | 1.3844 | 1.4034 | 1.4191 | 1.4381 | 1.4538 | 1.4728 |
| Fibonacci | 1.3839 | 1.3972 | 1.4053 | 1.4186 | 1.4319 | 1.4400 | 1.4533 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2018 | 1.2666 | 1.3372 | 1.4020 | 1.4726 | 1.5374 | 1.6080 |
| Camarilla | 1.3705 | 1.3829 | 1.3953 | 1.4077 | 1.4201 | 1.4325 | 1.4449 |
| Woodie | 1.2046 | 1.2681 | 1.3400 | 1.4035 | 1.4754 | 1.5389 | 1.6108 |
| Fibonacci | 1.2666 | 1.3184 | 1.3503 | 1.4020 | 1.4538 | 1.4857 | 1.5374 |
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): | 40.86 | |
| MACD (12,26,9): | -0.0014 | |
| Directional Movement: | -6.5001 | |
| AROON (14): | 7.1428 | |
| DEMA (21): | 1.3966 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4006 | |
| Elder Ray (13): | -0.0021 | |
| Super Trend (3,10): | 1.4031 | |
| Zig ZAG (10): | 1.3954 | |
| VORTEX (21): | 0.8870 | |
| Stochastique (14,3,5): | 23.27 | |
| TEMA (21): | 1.3961 | |
| Williams %R (14): | -76.42 | |
| Chande Momentum Oscillator (20): | -0.0064 | |
| Repulse (5,40,3): | -0.0747 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0125 | |
| Courbe Coppock: | 0.27 |
| MA7: | 1.4059 | |
| MA20: | 1.4179 | |
| MA50: | 1.3703 | |
| MA100: | 1.3420 | |
| MAexp7: | 1.3968 | |
| MAexp20: | 1.3985 | |
| MAexp50: | 1.4007 | |
| MAexp100: | 1.4037 | |
| Price / MA7: | -0.75% | |
| Price / MA20: | -1.59% | |
| Price / MA50: | +1.83% | |
| Price / MA100: | +3.98% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.38% | |
| Price / MAexp100: | -0.59% |
News
The latest news and videos published on USD/CAD at the time of the analysis were as follows:
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This member declared not having a position on this financial instrument or a related financial instrument.
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