USD/CAD - 1H - Technical analysis published on 11/10/2021 (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
Short term:
Bearish
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 1.2434 CAD
My targets
1.2405 CAD (-0.0013)
1.2389 CAD (-0.0029)
My analysis
There is a bearish trend on USD/CAD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 1.2434 CAD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 1.2405 CAD. Then the price could move towards 1.2389 CAD. Then 1.2376 CAD by extension. Be careful, a return to above the resistance 1.2434 CAD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.7
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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 1.2418 CAD. The price registered a decrease of -0.15% on the session and was between 1.2411 CAD and 1.2459 CAD. This implies that the price is at +0.06% from its lowest and at -0.33% from its highest.1.2411
1.2459
1.2418
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/CAD in 1H shows an overall bearish trend. The signals given by moving averages are at 75.00% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 1.2376 | 1.2389 | 1.2405 | 1.2418 | 1.2434 | 1.2458 | 1.2486 |
| Change (%) | -0.34% | -0.23% | -0.10% | - | +0.13% | +0.32% | +0.55% |
| Change | -0.0042 | -0.0029 | -0.0013 | - | +0.0016 | +0.0040 | +0.0068 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2354 | 1.2391 | 1.2413 | 1.2450 | 1.2472 | 1.2509 | 1.2531 |
| Camarilla | 1.2420 | 1.2425 | 1.2431 | 1.2436 | 1.2441 | 1.2447 | 1.2452 |
| Woodie | 1.2348 | 1.2387 | 1.2407 | 1.2446 | 1.2466 | 1.2505 | 1.2525 |
| Fibonacci | 1.2391 | 1.2413 | 1.2427 | 1.2450 | 1.2472 | 1.2486 | 1.2509 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2248 | 1.2300 | 1.2376 | 1.2428 | 1.2504 | 1.2556 | 1.2632 |
| Camarilla | 1.2417 | 1.2429 | 1.2440 | 1.2452 | 1.2464 | 1.2476 | 1.2487 |
| Woodie | 1.2260 | 1.2306 | 1.2388 | 1.2434 | 1.2516 | 1.2562 | 1.2644 |
| Fibonacci | 1.2300 | 1.2349 | 1.2379 | 1.2428 | 1.2477 | 1.2507 | 1.2556 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1751 | 1.2020 | 1.2202 | 1.2471 | 1.2653 | 1.2922 | 1.3104 |
| Camarilla | 1.2261 | 1.2302 | 1.2344 | 1.2385 | 1.2426 | 1.2468 | 1.2509 |
| Woodie | 1.1709 | 1.1998 | 1.2160 | 1.2449 | 1.2611 | 1.2900 | 1.3062 |
| Fibonacci | 1.2020 | 1.2192 | 1.2298 | 1.2471 | 1.2643 | 1.2749 | 1.2922 |
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): | 50.37 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | 3.4379 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 1.2428 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2442 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 1.2459 | |
| Zig ZAG (10): | 1.2432 | |
| VORTEX (21): | 0.9203 | |
| Stochastique (14,3,5): | 62.30 | |
| TEMA (21): | 1.2427 | |
| Williams %R (14): | -31.43 | |
| Chande Momentum Oscillator (20): | 0.0002 | |
| Repulse (5,40,3): | 0.0198 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0051 | |
| Courbe Coppock: | 0.19 |
| MA7: | 1.2429 | |
| MA20: | 1.2389 | |
| MA50: | 1.2536 | |
| MA100: | 1.2538 | |
| MAexp7: | 1.2431 | |
| MAexp20: | 1.2434 | |
| MAexp50: | 1.2439 | |
| MAexp100: | 1.2437 | |
| Price / MA7: | -0.09% | |
| Price / MA20: | +0.23% | |
| Price / MA50: | -0.94% | |
| Price / MA100: | -0.96% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.15% |
Quotes :
-
Real time data
-
Forex
News
The last news published on USD/CAD at the time of the generation of this analysis was as follows:
-
Earnings Support for Bull Trend Wavers as Fundamentals Broaden Attention to the Likes of USDCAD
-
USD/CAD Technical Outlook: Chart at Support
-
USD/CAD Technical Outlook: Short-term Chart Ready for a Breakout
-
Market Sentiment Webinar: Long Positions Jump in USD/CAD
-
Dollar, USDCAD and Oil Reversals Defy Trend, Suit Anticipation
This member declared not having a position on this financial instrument or a related financial instrument.
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