USD/CAD - 1H - Technical analysis published on 11/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 1.3654 CAD
My targets
1.3594 CAD (-0.0037)
1.3442 CAD (-0.0189)
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 1.3654 CAD. The next support located at 1.3594 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 1.3442 CAD. Below this support, sellers could then target 1.3225 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.6
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Additional analysis
Quotes
The USD/CAD rating is 1.3631 CAD. The price registered a decrease of -0.03% on the session with the lowest point at 1.3624 CAD and the highest point at 1.3661 CAD. The deviation from the price is +0.05% for the low point and -0.22% for the high point.1.3624
1.3661
1.3631
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/CAD chart shows a sharp bearish trend. 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. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1.3225 | 1.3442 | 1.3594 | 1.3631 | 1.3654 | 1.3685 | 1.3711 |
| Change (%) | -2.98% | -1.39% | -0.27% | - | +0.17% | +0.40% | +0.59% |
| Change | -0.0406 | -0.0189 | -0.0037 | - | +0.0023 | +0.0054 | +0.0080 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3464 | 1.3529 | 1.3582 | 1.3647 | 1.3700 | 1.3765 | 1.3818 |
| Camarilla | 1.3603 | 1.3613 | 1.3624 | 1.3635 | 1.3646 | 1.3657 | 1.3668 |
| Woodie | 1.3458 | 1.3526 | 1.3576 | 1.3644 | 1.3694 | 1.3762 | 1.3812 |
| Fibonacci | 1.3529 | 1.3574 | 1.3602 | 1.3647 | 1.3692 | 1.3720 | 1.3765 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3392 | 1.3493 | 1.3564 | 1.3665 | 1.3736 | 1.3837 | 1.3908 |
| Camarilla | 1.3588 | 1.3604 | 1.3619 | 1.3635 | 1.3651 | 1.3667 | 1.3682 |
| Woodie | 1.3377 | 1.3486 | 1.3549 | 1.3658 | 1.3721 | 1.3830 | 1.3893 |
| Fibonacci | 1.3493 | 1.3559 | 1.3599 | 1.3665 | 1.3731 | 1.3771 | 1.3837 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3318 | 1.3436 | 1.3657 | 1.3775 | 1.3996 | 1.4114 | 1.4335 |
| Camarilla | 1.3786 | 1.3817 | 1.3848 | 1.3879 | 1.3910 | 1.3941 | 1.3972 |
| Woodie | 1.3371 | 1.3462 | 1.3710 | 1.3801 | 1.4049 | 1.4140 | 1.4388 |
| Fibonacci | 1.3436 | 1.3565 | 1.3645 | 1.3775 | 1.3904 | 1.3984 | 1.4114 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.81 | |
| MACD (12,26,9): | -0.0007 | |
| Directional Movement: | -9.1613 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 1.3635 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3625 | |
| Elder Ray (13): | -0.0005 | |
| Super Trend (3,10): | 1.3612 | |
| Zig ZAG (10): | 1.3633 | |
| VORTEX (21): | 0.8618 | |
| Stochastique (14,3,5): | 65.32 | |
| TEMA (21): | 1.3638 | |
| Williams %R (14): | -60.42 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | -0.1515 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0116 | |
| Courbe Coppock: | 0.27 |
| MA7: | 1.3687 | |
| MA20: | 1.3737 | |
| MA50: | 1.3679 | |
| MA100: | 1.3549 | |
| MAexp7: | 1.3642 | |
| MAexp20: | 1.3646 | |
| MAexp50: | 1.3663 | |
| MAexp100: | 1.3681 | |
| Price / MA7: | -0.41% | |
| Price / MA20: | -0.77% | |
| Price / MA50: | -0.35% | |
| Price / MA100: | +0.61% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -0.37% |
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:
-
Technical Analysis: 24/11/2023 - USDCAD rises after finding support on ascending line
-
Technical Analysis: 17/11/2023 - USDCAD bounces off 50-day SMA
-
Technical Analysis: 10/11/2023 - USDCAD tests 1.3800 tricky area
-
Technical Analysis: 25/10/2023 - USDCAD has another round of fighting ahead
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Technical Analysis: 01/09/2023 - USDCAD pulls back from 3-month peak
This member declared not having a position on this financial instrument or a related financial instrument.
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