USD/CAD - 1H - Technical analysis published on 10/27/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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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
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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:
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:
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:
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 : 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:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3345 | 1.3427 | 1.3488 | 1.3570 | 1.3631 | 1.3713 | 1.3774 |
| Camarilla | 1.3511 | 1.3524 | 1.3537 | 1.3550 | 1.3563 | 1.3576 | 1.3589 |
| Woodie | 1.3336 | 1.3422 | 1.3479 | 1.3565 | 1.3622 | 1.3708 | 1.3765 |
| Fibonacci | 1.3427 | 1.3481 | 1.3515 | 1.3570 | 1.3624 | 1.3658 | 1.3713 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3304 | 1.3467 | 1.3555 | 1.3718 | 1.3806 | 1.3969 | 1.4057 |
| Camarilla | 1.3574 | 1.3597 | 1.3620 | 1.3643 | 1.3666 | 1.3689 | 1.3712 |
| Woodie | 1.3267 | 1.3448 | 1.3518 | 1.3699 | 1.3769 | 1.3950 | 1.4020 |
| Fibonacci | 1.3467 | 1.3563 | 1.3622 | 1.3718 | 1.3814 | 1.3873 | 1.3969 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2359 | 1.2656 | 1.3243 | 1.3540 | 1.4127 | 1.4424 | 1.5011 |
| Camarilla | 1.3586 | 1.3667 | 1.3748 | 1.3829 | 1.3910 | 1.3991 | 1.4072 |
| Woodie | 1.2503 | 1.2729 | 1.3387 | 1.3613 | 1.4271 | 1.4497 | 1.5155 |
| Fibonacci | 1.2656 | 1.2994 | 1.3203 | 1.3540 | 1.3878 | 1.4087 | 1.4424 |
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
News
The latest news and videos published on USD/CAD at the time of the analysis were as follows:
-
Technical Analysis: 21/10/2022 - USDCAD trapped below 1.3800; uptrend intact
-
USD/CAD Breakout | Tuesday Market Outlook with Michael Boutros
-
USD/CAD Technical Outlook: Big Reversal Sets Up the Downside
-
Technical Analysis: 14/10/2022 - USDCAD retraces after hitting fresh 29-month high
-
USD/CAD Chart at Significant Inflection Point
This member declared not having a position on this financial instrument or a related financial instrument.
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