USD/CAD - 1H - Technical analysis published on 03/02/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.2629 CAD
My targets
1.2585 CAD (-0.0020)
1.2504 CAD (-0.0101)
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 1.2629 CAD. The next support located at 1.2585 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 1.2504 CAD. Below this support, sellers could then target 1.2468 CAD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.2
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD rating is 1.2605 CAD. The price is lower by -0.29% since the last closing and was traded between 1.2601 CAD and 1.2699 CAD over the period. The price is currently at +0.03% from its lowest and -0.74% from its highest.1.2601
1.2699
1.2605
Here is a more detailed summary of the historical variations registered by USD/CAD:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/CAD chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
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
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 | 1.2468 | 1.2504 | 1.2585 | 1.2605 | 1.2629 | 1.2685 | 1.2715 |
| Change (%) | -1.09% | -0.80% | -0.16% | - | +0.19% | +0.63% | +0.87% |
| Change | -0.0137 | -0.0101 | -0.0020 | - | +0.0024 | +0.0080 | +0.0110 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | 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 | 1.2542 | 1.2590 | 1.2616 | 1.2664 | 1.2690 | 1.2738 | 1.2764 |
| Camarilla | 1.2621 | 1.2627 | 1.2634 | 1.2641 | 1.2648 | 1.2655 | 1.2661 |
| Woodie | 1.2530 | 1.2585 | 1.2604 | 1.2659 | 1.2678 | 1.2733 | 1.2752 |
| Fibonacci | 1.2590 | 1.2619 | 1.2636 | 1.2664 | 1.2693 | 1.2710 | 1.2738 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2273 | 1.2370 | 1.2554 | 1.2651 | 1.2835 | 1.2932 | 1.3116 |
| Camarilla | 1.2660 | 1.2686 | 1.2711 | 1.2737 | 1.2763 | 1.2789 | 1.2814 |
| Woodie | 1.2316 | 1.2392 | 1.2597 | 1.2673 | 1.2878 | 1.2954 | 1.3159 |
| Fibonacci | 1.2370 | 1.2478 | 1.2544 | 1.2651 | 1.2759 | 1.2825 | 1.2932 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2111 | 1.2290 | 1.2513 | 1.2692 | 1.2915 | 1.3094 | 1.3317 |
| Camarilla | 1.2626 | 1.2663 | 1.2700 | 1.2737 | 1.2774 | 1.2811 | 1.2848 |
| Woodie | 1.2134 | 1.2301 | 1.2536 | 1.2703 | 1.2938 | 1.3105 | 1.3340 |
| Fibonacci | 1.2290 | 1.2443 | 1.2538 | 1.2692 | 1.2845 | 1.2940 | 1.3094 |
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): | 30.36 | |
| MACD (12,26,9): | -0.0014 | |
| Directional Movement: | -13.5099 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 1.2632 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2667 | |
| Elder Ray (13): | -0.0029 | |
| Super Trend (3,10): | 1.2674 | |
| Zig ZAG (10): | 1.2605 | |
| VORTEX (21): | 0.9078 | |
| Stochastique (14,3,5): | 7.11 | |
| TEMA (21): | 1.2619 | |
| Williams %R (14): | -96.94 | |
| Chande Momentum Oscillator (20): | -0.0076 | |
| Repulse (5,40,3): | -0.2803 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0086 | |
| Courbe Coppock: | 0.67 |
| MA7: | 1.2616 | |
| MA20: | 1.2678 | |
| MA50: | 1.2724 | |
| MA100: | 1.2878 | |
| MAexp7: | 1.2627 | |
| MAexp20: | 1.2647 | |
| MAexp50: | 1.2653 | |
| MAexp100: | 1.2641 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | -0.58% | |
| Price / MA50: | -0.94% | |
| Price / MA100: | -2.12% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.33% | |
| Price / MAexp50: | -0.38% | |
| Price / MAexp100: | -0.28% |
Quotes :
2021-03-02 18:48:42
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Real time data
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Forex
News
The latest news and videos published on USD/CAD at the time of the analysis were as follows:
-
USD/CAD Daily Forecast - Canadian Dollar Continues To Move Higher
-
USD/CAD Daily Forecast - Canadian Dollar Rebounds At The Start Of The Week
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USD/CAD Daily Forecast - Canadian Dollar Remains Under Strong Pressure
-
USD/CAD Daily Forecast - U.S. Dollar Tries To Rebound Against Canadian Dollar
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USD/CAD Daily Forecast - Canadian Dollar Moves Higher On Strong Oil
This member declared not having a position on this financial instrument or a related financial instrument.
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