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

USD/CAD - 1H - Technical analysis published on 10/27/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 1.3605 CAD
My targets
1.3508 CAD (-0.0016)
1.3348 CAD (-0.0176)
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 1.3605 CAD. The next support located at 1.3508 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 1.3348 CAD. Below this support, sellers could then target 1.2986 CAD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8

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 gioviforex. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/CAD rating is 1.3524 CAD. On the day, this instrument lost -0.19% and was between 1.3496 CAD and 1.3627 CAD. This implies that the price is at +0.21% from its lowest and at -0.76% from its highest.

1.3496
1.3627
1.3524

Here is a more detailed summary of the historical variations registered by USD/CAD:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


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 strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.2986 1.3348 1.3508 1.3524 1.3605 1.3651 1.3687
Change (%) -3.98% -1.30% -0.12% - +0.60% +0.94% +1.21%
Change -0.0538 -0.0176 -0.0016 - +0.0081 +0.0127 +0.0163
Level Major Minor Intermediate - Minor Intermediate Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.33451.34271.34881.35701.36311.37131.3774
Camarilla1.35111.35241.35371.35501.35631.35761.3589
Woodie1.33361.34221.34791.35651.36221.37081.3765
Fibonacci1.34271.34811.35151.35701.36241.36581.3713


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.33041.34671.35551.37181.38061.39691.4057
Camarilla1.35741.35971.36201.36431.36661.36891.3712
Woodie1.32671.34481.35181.36991.37691.39501.4020
Fibonacci1.34671.35631.36221.37181.38141.38731.3969


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.23591.26561.32431.35401.41271.44241.5011
Camarilla1.35861.36671.37481.38291.39101.39911.4072
Woodie1.25031.27291.33871.36131.42711.44971.5155
Fibonacci1.26561.29941.32031.35401.38781.40871.4424

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): 33.19
MACD (12,26,9): -0.0007
Directional Movement: -14.5100
AROON (14): -14.2857
DEMA (21): 1.3560
Parabolic SAR (0,02-0,02-0,2): 1.3627
Elder Ray (13): -0.0048
Super Trend (3,10): 1.3615
Zig ZAG (10): 1.3514
VORTEX (21): 0.8885
Stochastique (14,3,5): 25.14
TEMA (21): 1.3569
Williams %R (14): -85.50
Chande Momentum Oscillator (20): -0.0055
Repulse (5,40,3): -0.5173
ROCnROLL: 2
TRIX (15,9): -0.0034
Courbe Coppock: 0.15
MA7: 1.3654
MA20: 1.3704
MA50: 1.3415
MA100: 1.3161
MAexp7: 1.3562
MAexp20: 1.3568
MAexp50: 1.3591
MAexp100: 1.3632
Price / MA7: -0.95%
Price / MA20: -1.31%
Price / MA50: +0.81%
Price / MA100: +2.76%
Price / MAexp7: -0.28%
Price / MAexp20: -0.32%
Price / MAexp50: -0.49%
Price / MAexp100: -0.79%

Quotes : - Real time data - Forex

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

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