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 04/28/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Slightly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.3599 CAD
My targets
1.3516 CAD (-0.0040)
1.3449 CAD (-0.0107)
My analysis
The basic trend is currently slightly bearish on USD/CAD and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 1.3599 CAD, sales could be favoured. The first bearish objective would be located at 1.3516 CAD. Sellers would then use the next support located at 1.3449 CAD as an objective. Crossing it would then enable sellers to target 1.3386 CAD. A return to above the resistance at 1.3599 CAD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
4.6

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

Additional analysis

Quotes

The USD/CAD rating is 1.3556 CAD. On the day, this instrument lost -0.32% and was between 1.3551 CAD and 1.3668 CAD. This implies that the price is at +0.04% from its lowest and at -0.82% from its highest.

1.3551
1.3668
1.3556

A study of price movements over other periods shows the following variations:
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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a 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 slightly bearish. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



In fact, 12 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.3386 1.3449 1.3516 1.3556 1.3599 1.3640 1.3752
Change (%) -1.25% -0.79% -0.30% - +0.32% +0.62% +1.45%
Change -0.0170 -0.0107 -0.0040 - +0.0043 +0.0084 +0.0196
Level Minor Minor Intermediate - Intermediate Intermediate Major



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
Standard1.35201.35551.35771.36121.36341.36691.3691
Camarilla1.35841.35901.35951.36001.36051.36111.3616
Woodie1.35151.35521.35721.36091.36291.36661.3686
Fibonacci1.35551.35761.35901.36121.36331.36471.3669


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.31791.32601.34001.34811.36211.37021.3842
Camarilla1.34781.34991.35191.35391.35591.35801.3600
Woodie1.32081.32751.34291.34961.36501.37171.3871
Fibonacci1.32601.33451.33971.34811.35661.36181.3702


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.30401.32741.33951.36291.37501.39841.4105
Camarilla1.34191.34521.34851.35171.35501.35821.3615
Woodie1.29851.32461.33401.36011.36951.39561.4050
Fibonacci1.32741.34091.34931.36291.37641.38481.3984

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): 28.51
MACD (12,26,9): -0.0004
Directional Movement: -20.5943
AROON (14): -42.8571
DEMA (21): 1.3612
Parabolic SAR (0,02-0,02-0,2): 1.3663
Elder Ray (13): -0.0049
Super Trend (3,10): 1.3631
Zig ZAG (10): 1.3553
VORTEX (21): 0.8898
Stochastique (14,3,5): 15.65
TEMA (21): 1.3608
Williams %R (14): -100.00
Chande Momentum Oscillator (20): -0.0048
Repulse (5,40,3): -0.6289
ROCnROLL: 2
TRIX (15,9): 0.0028
Courbe Coppock: 0.23
MA7: 1.3565
MA20: 1.3483
MA50: 1.3585
MA100: 1.3526
MAexp7: 1.3603
MAexp20: 1.3615
MAexp50: 1.3615
MAexp100: 1.3595
Price / MA7: -0.07%
Price / MA20: +0.54%
Price / MA50: -0.21%
Price / MA100: +0.22%
Price / MAexp7: -0.35%
Price / MAexp20: -0.43%
Price / MAexp50: -0.43%
Price / MAexp100: -0.29%

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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