USD/CAD

- CAD (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	USDCAD
ISIN:

USD/CAD - 1H - Technical analysis published on 05/10/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

44%

39%

17%

My opinion

Bearish under 1.3683 CAD

My targets

1.3648 CAD (-0.0019)

1.3609 CAD (-0.0058)

My analysis

The bearish trend is currently very strong for USD/CAD. As long as the price remains below the resistance at 1.3683 CAD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.3648 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.3609 CAD as an objective. Crossing it would then enable sellers to target 1.3594 CAD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

4.8

Comment on the analysis

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 dtaccori. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

USD/CAD rating 1.3667 CAD. The price is lower by -0.08% since the last closing and was traded between 1.3634 CAD and 1.3691 CAD over the period. The price is currently at +0.24% from its lowest and -0.18% from its highest.

1.3634

1.3691

1.3667

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

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

Technical analysis of this 1H chart of USD/CAD indicates that the overall trend is strongly bearish. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.3594	1.3609	1.3648	1.3667	1.3683	1.3715	1.3745
Change (%)	-0.53%	-0.42%	-0.14%	-	+0.12%	+0.35%	+0.57%
Change	-0.0073	-0.0058	-0.0019	-	+0.0016	+0.0048	+0.0078
Level	Intermediate	Intermediate	Intermediate	-	Major	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3588	1.3630	1.3654	1.3696	1.3720	1.3762	1.3786
Camarilla	1.3660	1.3666	1.3672	1.3678	1.3684	1.3690	1.3696
Woodie	1.3579	1.3626	1.3645	1.3692	1.3711	1.3758	1.3777
Fibonacci	1.3630	1.3655	1.3671	1.3696	1.3721	1.3737	1.3762

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3426	1.3517	1.3602	1.3693	1.3778	1.3869	1.3954
Camarilla	1.3638	1.3654	1.3670	1.3686	1.3702	1.3718	1.3734
Woodie	1.3422	1.3516	1.3598	1.3692	1.3774	1.3868	1.3950
Fibonacci	1.3517	1.3585	1.3626	1.3693	1.3761	1.3802	1.3869

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3187	1.3333	1.3555	1.3701	1.3923	1.4069	1.4291
Camarilla	1.3677	1.3711	1.3744	1.3778	1.3812	1.3846	1.3879
Woodie	1.3226	1.3352	1.3594	1.3720	1.3962	1.4088	1.4330
Fibonacci	1.3333	1.3473	1.3560	1.3701	1.3841	1.3928	1.4069

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):	41.16
MACD (12,26,9):	-0.0010
Directional Movement:	-12.6562
AROON (14):	-71.4286
DEMA (21):	1.3662
Parabolic SAR (0,02-0,02-0,2):	1.3687
Elder Ray (13):	-0.0005
Super Trend (3,10):	1.3679
Zig ZAG (10):	1.3665
VORTEX (21):	0.9457
Stochastique (14,3,5):	54.71
TEMA (21):	1.3660
Williams %R (14):	-42.86
Chande Momentum Oscillator (20):	-0.0020
Repulse (5,40,3):	0.0237
ROCnROLL:	2
TRIX (15,9):	-0.0107
Courbe Coppock:	0.24

MA7:	1.3690
MA20:	1.3715
MA50:	1.3621
MA100:	1.3528
MAexp7:	1.3666
MAexp20:	1.3676
MAexp50:	1.3691
MAexp100:	1.3697
Price / MA7:	-0.17%
Price / MA20:	-0.35%
Price / MA50:	+0.34%
Price / MA100:	+1.03%
Price / MAexp7:	+0.01%
Price / MAexp20:	-0.07%
Price / MAexp50:	-0.18%
Price / MAexp100:	-0.22%

Quotes : - Real time data - Forex

News

The last news published on USD/CAD at the time of the generation of this analysis was as follows:

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

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