USD/CAD - 1H - Technical analysis published on 09/30/2020 (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:
Bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 1.3353 CAD
My targets
1.3293 CAD (-0.0036)
1.3209 CAD (-0.0120)
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 1.3353 CAD. The next support located at 1.3293 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 1.3209 CAD. Below this support, sellers could then target 1.3170 CAD.
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
6.4
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This analysis was given by pyxis2025. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD price is 1.3329 CAD. The price registered a decrease of -0.41% on the session with the lowest point at 1.3317 CAD and the highest point at 1.3421 CAD. The deviation from the price is +0.09% for the low point and -0.69% for the high point.1.3317
1.3421
1.3329
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
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/CAD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3170 | 1.3209 | 1.3293 | 1.3329 | 1.3330 | 1.3353 | 1.3419 |
| Change (%) | -1.19% | -0.90% | -0.27% | - | +0.01% | +0.18% | +0.68% |
| Change | -0.0159 | -0.0120 | -0.0036 | - | +0.0001 | +0.0024 | +0.0090 |
| Level | Minor | Minor | Minor | - | Major | Major | 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 | 1.3284 | 1.3318 | 1.3351 | 1.3385 | 1.3418 | 1.3452 | 1.3485 |
| Camarilla | 1.3366 | 1.3372 | 1.3378 | 1.3384 | 1.3390 | 1.3396 | 1.3402 |
| Woodie | 1.3284 | 1.3318 | 1.3351 | 1.3385 | 1.3418 | 1.3452 | 1.3485 |
| Fibonacci | 1.3318 | 1.3344 | 1.3359 | 1.3385 | 1.3411 | 1.3426 | 1.3452 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2984 | 1.3078 | 1.3232 | 1.3326 | 1.3480 | 1.3574 | 1.3728 |
| Camarilla | 1.3319 | 1.3342 | 1.3364 | 1.3387 | 1.3410 | 1.3433 | 1.3455 |
| Woodie | 1.3015 | 1.3093 | 1.3263 | 1.3341 | 1.3511 | 1.3589 | 1.3759 |
| Fibonacci | 1.3078 | 1.3172 | 1.3231 | 1.3326 | 1.3420 | 1.3479 | 1.3574 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2456 | 1.2738 | 1.2888 | 1.3170 | 1.3320 | 1.3602 | 1.3752 |
| Camarilla | 1.2920 | 1.2960 | 1.2999 | 1.3039 | 1.3079 | 1.3118 | 1.3158 |
| Woodie | 1.2391 | 1.2705 | 1.2823 | 1.3137 | 1.3255 | 1.3569 | 1.3687 |
| Fibonacci | 1.2738 | 1.2903 | 1.3005 | 1.3170 | 1.3335 | 1.3437 | 1.3602 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 27.52 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -17.3153 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.3379 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3405 | |
| Elder Ray (13): | -0.0034 | |
| Super Trend (3,10): | 1.3409 | |
| Zig ZAG (10): | 1.3335 | |
| VORTEX (21): | 0.8622 | |
| Stochastique (14,3,5): | 13.16 | |
| TEMA (21): | 1.3368 | |
| Williams %R (14): | -93.75 | |
| Chande Momentum Oscillator (20): | -0.0076 | |
| Repulse (5,40,3): | -0.3977 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0016 | |
| Courbe Coppock: | 0.31 |
| MA7: | 1.3355 | |
| MA20: | 1.3239 | |
| MA50: | 1.3247 | |
| MA100: | 1.3442 | |
| MAexp7: | 1.3365 | |
| MAexp20: | 1.3383 | |
| MAexp50: | 1.3384 | |
| MAexp100: | 1.3373 | |
| Price / MA7: | -0.19% | |
| Price / MA20: | +0.68% | |
| Price / MA50: | +0.62% | |
| Price / MA100: | -0.84% | |
| Price / MAexp7: | -0.26% | |
| Price / MAexp20: | -0.40% | |
| Price / MAexp50: | -0.40% | |
| Price / MAexp100: | -0.32% |
Quotes :
2020-09-30 15:22:19
-
Real time data
-
Forex
News
The last news published on USD/CAD at the time of the generation of this analysis was as follows:
-
USD/CAD Technical Analysis For September 29, 2020 By FX Empire
-
USD/CAD Forecast September 29, 2020
-
USD/CAD Technical Analysis For September 28, 2020 By FX Empire
-
USD/CAD Technical Analysis For September 25, 2020 By FX Empire
-
USD/CAD Technical Analysis For September 24, 2020 By FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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