USD/CAD - 1H - Technical analysis published on 12/06/2021 (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:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 1.2832 CAD
My targets
1.2750 CAD (-0.0037)
1.2712 CAD (-0.0075)
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 1.2832 CAD. The sellers' bearish objective is set at 1.2750 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.2712 CAD. In case of crossing, the next objective would be the support located at 1.2639 CAD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/CAD rating 1.2787 CAD. On the day, this instrument lost -0.48% with the lowest point at 1.2773 CAD and the highest point at 1.2843 CAD. The deviation from the price is +0.11% for the low point and -0.44% for the high point.1.2773
1.2843
1.2787
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/CAD chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 7 are neutral and 7 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2639 | 1.2712 | 1.2750 | 1.2787 | 1.2799 | 1.2832 | 1.2981 |
| Change (%) | -1.16% | -0.59% | -0.29% | - | +0.09% | +0.35% | +1.52% |
| Change | -0.0148 | -0.0075 | -0.0037 | - | +0.0012 | +0.0045 | +0.0194 |
| Level | Minor | Minor | Minor | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2664 | 1.2703 | 1.2776 | 1.2815 | 1.2888 | 1.2927 | 1.3000 |
| Camarilla | 1.2817 | 1.2828 | 1.2838 | 1.2848 | 1.2858 | 1.2869 | 1.2879 |
| Woodie | 1.2680 | 1.2712 | 1.2792 | 1.2824 | 1.2904 | 1.2936 | 1.3016 |
| Fibonacci | 1.2703 | 1.2746 | 1.2773 | 1.2815 | 1.2858 | 1.2885 | 1.2927 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2614 | 1.2663 | 1.2756 | 1.2805 | 1.2898 | 1.2947 | 1.3040 |
| Camarilla | 1.2809 | 1.2822 | 1.2835 | 1.2848 | 1.2861 | 1.2874 | 1.2887 |
| Woodie | 1.2635 | 1.2674 | 1.2777 | 1.2816 | 1.2919 | 1.2958 | 1.3061 |
| Fibonacci | 1.2663 | 1.2718 | 1.2751 | 1.2805 | 1.2860 | 1.2893 | 1.2947 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.1987 | 1.2170 | 1.2472 | 1.2655 | 1.2957 | 1.3140 | 1.3442 |
| Camarilla | 1.2642 | 1.2686 | 1.2731 | 1.2775 | 1.2820 | 1.2864 | 1.2908 |
| Woodie | 1.2048 | 1.2200 | 1.2533 | 1.2685 | 1.3018 | 1.3170 | 1.3503 |
| Fibonacci | 1.2170 | 1.2355 | 1.2469 | 1.2655 | 1.2840 | 1.2954 | 1.3140 |
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): | 45.16 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -6.2635 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 1.2795 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.2676 | |
| Elder Ray (13): | -0.0015 | |
| Super Trend (3,10): | 1.2715 | |
| Zig ZAG (10): | 1.2785 | |
| VORTEX (21): | 0.8612 | |
| Stochastique (14,3,5): | 59.21 | |
| TEMA (21): | 1.2789 | |
| Williams %R (14): | -82.54 | |
| Chande Momentum Oscillator (20): | -0.0039 | |
| Repulse (5,40,3): | -0.0930 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0048 | |
| Courbe Coppock: | 0.02 |
| MA7: | 1.2795 | |
| MA20: | 1.2664 | |
| MA50: | 1.2542 | |
| MA100: | 1.2579 | |
| MAexp7: | 1.2794 | |
| MAexp20: | 1.2803 | |
| MAexp50: | 1.2806 | |
| MAexp100: | 1.2795 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | +0.97% | |
| Price / MA50: | +1.95% | |
| Price / MA100: | +1.65% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.06% |
Quotes :
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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:
-
USD/CAD Technical Analysis: Short-term Burst in Momentum May Develop
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Earnings Support for Bull Trend Wavers as Fundamentals Broaden Attention to the Likes of USDCAD
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USD/CAD Technical Outlook: Chart at Support
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USD/CAD Technical Outlook: Short-term Chart Ready for a Breakout
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Market Sentiment Webinar: Long Positions Jump in USD/CAD
This member declared not having a position on this financial instrument or a related financial instrument.
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