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USD/CAD
USD CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
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Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDCAD
ISIN:

USD/CAD - 1H - Technical analysis published on 11/10/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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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

This analysis was given by pyxis2025. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly
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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:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

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:

Central Indicators

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:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard1.23541.23911.24131.24501.24721.25091.2531
Camarilla1.24201.24251.24311.24361.24411.24471.2452
Woodie1.23481.23871.24071.24461.24661.25051.2525
Fibonacci1.23911.24131.24271.24501.24721.24861.2509


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.22481.23001.23761.24281.25041.25561.2632
Camarilla1.24171.24291.24401.24521.24641.24761.2487
Woodie1.22601.23061.23881.24341.25161.25621.2644
Fibonacci1.23001.23491.23791.24281.24771.25071.2556


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.17511.20201.22021.24711.26531.29221.3104
Camarilla1.22611.23021.23441.23851.24261.24681.2509
Woodie1.17091.19981.21601.24491.26111.29001.3062
Fibonacci1.20201.21921.22981.24711.26431.27491.2922

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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