USD/CAD - 1H - Technical analysis published on 04/29/2020 (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
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 1.3972 CAD
My targets
1.3874 CAD (-0.0069)
1.3752 CAD (-0.0191)
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 1.3972 CAD. The sellers” bearish objective is set at 1.3874 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3752 CAD. In case of crossing, the next objective would be the support located at 1.3330 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.8
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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 1.3943 CAD. The price registered a decrease of -0.28% on the session with the lowest point at 1.3930 CAD and the highest point at 1.3986 CAD. The deviation from the price is +0.09% for the low point and -0.31% for the high point.1.3930
1.3986
1.3943
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
Technical
Technical analysis of this 1H chart of USD/CAD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle 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 | 1.3752 | 1.3874 | 1.3935 | 1.3943 | 1.3972 | 1.4002 | 1.4119 |
| Change (%) | -1.37% | -0.49% | -0.06% | - | +0.21% | +0.42% | +1.26% |
| Change | -0.0191 | -0.0069 | -0.0008 | - | +0.0029 | +0.0059 | +0.0176 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | 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 | 1.3782 | 1.3859 | 1.3920 | 1.3997 | 1.4058 | 1.4135 | 1.4196 |
| Camarilla | 1.3944 | 1.3957 | 1.3969 | 1.3982 | 1.3995 | 1.4007 | 1.4020 |
| Woodie | 1.3775 | 1.3855 | 1.3913 | 1.3993 | 1.4051 | 1.4131 | 1.4189 |
| Fibonacci | 1.3859 | 1.3911 | 1.3944 | 1.3997 | 1.4049 | 1.4082 | 1.4135 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3712 | 1.3856 | 1.3977 | 1.4121 | 1.4242 | 1.4386 | 1.4507 |
| Camarilla | 1.4025 | 1.4049 | 1.4074 | 1.4098 | 1.4122 | 1.4147 | 1.4171 |
| Woodie | 1.3701 | 1.3850 | 1.3966 | 1.4115 | 1.4231 | 1.4380 | 1.4496 |
| Fibonacci | 1.3856 | 1.3957 | 1.4020 | 1.4121 | 1.4222 | 1.4285 | 1.4386 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 34.88 | |
| MACD (12,26,9): | -0.0021 | |
| Directional Movement: | -12.9038 | |
| AROON (14): | -57.1428 | |
| DEMA (21): | 1.3944 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3994 | |
| Elder Ray (13): | -0.0013 | |
| Super Trend (3,10): | 1.4001 | |
| Zig ZAG (10): | 1.3943 | |
| VORTEX (21): | 0.9796 | |
| Stochastique (14,3,5): | 12.62 | |
| TEMA (21): | 1.3938 | |
| Williams %R (14): | -87.84 | |
| Chande Momentum Oscillator (20): | -0.0050 | |
| Repulse (5,40,3): | -0.1255 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0192 | |
| Courbe Coppock: | 0.55 |
| MA7: | 1.4071 | |
| MA20: | 1.4048 | |
| MA50: | 1.3903 | |
| MA100: | 1.3523 | |
| MAexp7: | 1.3949 | |
| MAexp20: | 1.3969 | |
| MAexp50: | 1.4004 | |
| MAexp100: | 1.4037 | |
| Price / MA7: | -0.91% | |
| Price / MA20: | -0.75% | |
| Price / MA50: | +0.29% | |
| Price / MA100: | +3.11% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | -0.44% | |
| Price / MAexp100: | -0.68% |
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:
-
USD/CAD Technical Analysis For April 28, 2020 By FX Empire
-
USD/CAD Technical Analysis For April 24, 2020 By FX Empire
-
USD/CAD Technical Analysis For April 23, 2020 By FX Empire
-
USD/CAD Technical Analysis For April 22, 2020 By FX Empire
-
USD/CAD Technical Analysis For April 21, 2020 By FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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