USD/CAD - 1H - Technical analysis published on 05/27/2020 (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
44%
28%
28%
My opinion
Bearish under 1.3866 CAD
My targets
1.3752 CAD (-0.0036)
1.3622 CAD (-0.0166)
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 1.3866 CAD. The sellers” bearish objective is set at 1.3752 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3622 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.5
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This analysis was given by philcollins2171. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD rating is 1.3788 CAD. The price has increased by +0.02% since the last closing with the lowest point at 1.3769 CAD and the highest point at 1.3806 CAD. The deviation from the price is +0.14% for the low point and -0.13% for the high point.1.3769
1.3806
1.3788
Here is a more detailed summary of the historical variations registered by USD/CAD:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/CAD indicates that the overall trend is strongly bearish. 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 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.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.2998 | 1.3330 | 1.3752 | 1.3788 | 1.3866 | 1.3929 | 1.3970 |
| Change (%) | -5.73% | -3.32% | -0.26% | - | +0.57% | +1.02% | +1.32% |
| Change | -0.0790 | -0.0458 | -0.0036 | - | +0.0078 | +0.0141 | +0.0182 |
| Level | Major | Major | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 1.3481 | 1.3618 | 1.3702 | 1.3839 | 1.3923 | 1.4060 | 1.4144 |
| Camarilla | 1.3724 | 1.3745 | 1.3765 | 1.3785 | 1.3805 | 1.3826 | 1.3846 |
| Woodie | 1.3454 | 1.3605 | 1.3675 | 1.3826 | 1.3896 | 1.4047 | 1.4117 |
| Fibonacci | 1.3618 | 1.3703 | 1.3755 | 1.3839 | 1.3924 | 1.3976 | 1.4060 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3622 | 1.3744 | 1.3873 | 1.3995 | 1.4124 | 1.4246 | 1.4375 |
| Camarilla | 1.3934 | 1.3957 | 1.3980 | 1.4003 | 1.4026 | 1.4049 | 1.4072 |
| Woodie | 1.3627 | 1.3746 | 1.3878 | 1.3997 | 1.4129 | 1.4248 | 1.4380 |
| Fibonacci | 1.3744 | 1.3840 | 1.3899 | 1.3995 | 1.4091 | 1.4150 | 1.4246 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3319 | 1.3585 | 1.3768 | 1.4034 | 1.4217 | 1.4483 | 1.4666 |
| Camarilla | 1.3829 | 1.3870 | 1.3911 | 1.3952 | 1.3993 | 1.4034 | 1.4076 |
| Woodie | 1.3279 | 1.3564 | 1.3728 | 1.4013 | 1.4177 | 1.4462 | 1.4626 |
| Fibonacci | 1.3585 | 1.3756 | 1.3862 | 1.4034 | 1.4205 | 1.4311 | 1.4483 |
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): | 36.45 | |
| MACD (12,26,9): | -0.0032 | |
| Directional Movement: | -17.4702 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 1.3761 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3762 | |
| Elder Ray (13): | -0.0010 | |
| Super Trend (3,10): | 1.3843 | |
| Zig ZAG (10): | 1.3779 | |
| VORTEX (21): | 0.8080 | |
| Stochastique (14,3,5): | 44.72 | |
| TEMA (21): | 1.3762 | |
| Williams %R (14): | -52.00 | |
| Chande Momentum Oscillator (20): | 0.0023 | |
| Repulse (5,40,3): | 0.0195 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0419 | |
| Courbe Coppock: | 0.40 |
| MA7: | 1.3904 | |
| MA20: | 1.3992 | |
| MA50: | 1.4063 | |
| MA100: | 1.3704 | |
| MAexp7: | 1.3784 | |
| MAexp20: | 1.3809 | |
| MAexp50: | 1.3868 | |
| MAexp100: | 1.3910 | |
| Price / MA7: | -0.83% | |
| Price / MA20: | -1.46% | |
| Price / MA50: | -1.96% | |
| Price / MA100: | +0.61% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.58% | |
| Price / MAexp100: | -0.88% |
Quotes :
2020-05-27 06:32:14
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Real time data
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Forex
News
The last news published on USD/CAD at the time of the generation of this analysis was as follows:
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USD/CAD Technical Analysis For May 26, 2020 By FX Empire
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USD/CAD Technical Analysis For May 25, 2020 By FX Empire
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USD/CAD Technical Analysis For May 20, 2020 By FX Empire
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USD/CAD Technical Analysis For May 19, 2020 By FX Empire
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USD/CAD Technical Analysis For May 18, 2020 By FX Empire
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