USD/CAD - 1H - Technical analysis published on 08/25/2020 (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
17%
67%
17%
My opinion
Bearish under 1.3205 CAD
My targets
1.3151 CAD (-0.0018)
1.3133 CAD (-0.0036)
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 1.3205 CAD. The sellers” bearish objective is set at 1.3151 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3133 CAD. In case of crossing, the next objective would be the support located at 1.2990 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 confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.8
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Additional analysis
Quotes
The USD/CAD rating is 1.3169 CAD. On the day, this instrument lost -0.37% and was traded between 1.3166 CAD and 1.3240 CAD over the period. The price is currently at +0.02% from its lowest and -0.54% from its highest.1.3166
1.3240
1.3169
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/CAD in 1H shows a overall strongly bearish trend. 82.14% 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.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.2990 | 1.3133 | 1.3151 | 1.3169 | 1.3170 | 1.3205 | 1.3245 |
| Change (%) | -1.36% | -0.27% | -0.14% | - | +0.01% | +0.27% | +0.58% |
| Change | -0.0179 | -0.0036 | -0.0018 | - | +0.0001 | +0.0036 | +0.0076 |
| Level | Major | Major | Minor | - | Intermediate | 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 | 1.3048 | 1.3091 | 1.3154 | 1.3197 | 1.3260 | 1.3303 | 1.3366 |
| Camarilla | 1.3189 | 1.3199 | 1.3208 | 1.3218 | 1.3228 | 1.3237 | 1.3247 |
| Woodie | 1.3059 | 1.3096 | 1.3165 | 1.3202 | 1.3271 | 1.3308 | 1.3377 |
| Fibonacci | 1.3091 | 1.3131 | 1.3156 | 1.3197 | 1.3237 | 1.3262 | 1.3303 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2984 | 1.3059 | 1.3117 | 1.3192 | 1.3250 | 1.3325 | 1.3383 |
| Camarilla | 1.3139 | 1.3152 | 1.3164 | 1.3176 | 1.3188 | 1.3200 | 1.3213 |
| Woodie | 1.2977 | 1.3055 | 1.3110 | 1.3188 | 1.3243 | 1.3321 | 1.3376 |
| Fibonacci | 1.3059 | 1.3110 | 1.3141 | 1.3192 | 1.3243 | 1.3274 | 1.3325 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2964 | 1.3147 | 1.3280 | 1.3463 | 1.3596 | 1.3779 | 1.3912 |
| Camarilla | 1.3326 | 1.3355 | 1.3384 | 1.3413 | 1.3442 | 1.3471 | 1.3500 |
| Woodie | 1.2939 | 1.3135 | 1.3255 | 1.3451 | 1.3571 | 1.3767 | 1.3887 |
| Fibonacci | 1.3147 | 1.3268 | 1.3342 | 1.3463 | 1.3584 | 1.3658 | 1.3779 |
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): | 36.71 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | -14.0355 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 1.3186 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3193 | |
| Elder Ray (13): | -0.0020 | |
| Super Trend (3,10): | 1.3212 | |
| Zig ZAG (10): | 1.3171 | |
| VORTEX (21): | 0.8416 | |
| Stochastique (14,3,5): | 9.77 | |
| TEMA (21): | 1.3172 | |
| Williams %R (14): | -90.38 | |
| Chande Momentum Oscillator (20): | -0.0036 | |
| Repulse (5,40,3): | -0.0365 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0050 | |
| Courbe Coppock: | 0.59 |
| MA7: | 1.3190 | |
| MA20: | 1.3278 | |
| MA50: | 1.3439 | |
| MA100: | 1.3657 | |
| MAexp7: | 1.3178 | |
| MAexp20: | 1.3194 | |
| MAexp50: | 1.3198 | |
| MAexp100: | 1.3198 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | -0.82% | |
| Price / MA50: | -2.01% | |
| Price / MA100: | -3.57% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.22% |
Quotes :
2020-08-25 23:12:16
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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 August 25, 2020 By FX Empire
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USD/CAD Technical Analysis For August 24, 2020 By FX Empire
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USD/CAD Technical Analysis For August 21, 2020 By FX Empire
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USD/CAD Technical Analysis For August 20, 2020 By FX Empire
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USD/CAD Technical Analysis For August 19, 2020 By FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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