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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 06/11/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 1.3733 CAD
My targets
1.3782 CAD (+0.0020)
1.3819 CAD (+0.0057)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.3733 CAD remains possible. It is advisable to trade USD/CAD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.3733 CAD. The next bullish objective for buyers is set at 1.3782 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3819 CAD. If there is any crossing, the next objective would be the resistance located at 1.3876 CAD. PS: if there is a bearish break in the support located at 1.3733 CAD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2

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.

dtaccori
This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

USD/CAD rating 1.3762 CAD. The price registered an increase of +0.02% on the session and was between 1.3759 CAD and 1.3770 CAD. This implies that the price is at +0.02% from its lowest and at -0.06% from its highest.

1.3759
1.3770
1.3762

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 LOW record (1 year)

Type : Bearish

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 bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

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



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

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 resistance of channel

Type : Bearish

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 1.3664 1.3699 1.3733 1.3762 1.3782 1.3819 1.3876
Change (%) -0.71% -0.46% -0.21% - +0.15% +0.41% +0.83%
Change -0.0098 -0.0063 -0.0029 - +0.0020 +0.0057 +0.0114
Level Major Minor Intermediate - Intermediate Minor Major



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
Standard1.37211.37371.37491.37651.37771.37931.3805
Camarilla1.37521.37551.37571.37601.37631.37651.3768
Woodie1.37181.37361.37461.37641.37741.37921.3802
Fibonacci1.37371.37481.37551.37651.37761.37831.3793


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.34911.35471.36561.37121.38211.38771.3986
Camarilla1.37201.37351.37501.37651.37801.37951.3810
Woodie1.35181.35601.36831.37251.38481.38901.4013
Fibonacci1.35471.36101.36491.37121.37751.38141.3877


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.33581.34741.35511.36671.37441.38601.3937
Camarilla1.35751.35931.36101.36281.36461.36631.3681
Woodie1.33391.34641.35321.36571.37251.38501.3918
Fibonacci1.34741.35481.35931.36671.37411.37861.3860

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): 51.97
MACD (12,26,9): 0.0003
Directional Movement: 2.5890
AROON (14): -7.1429
DEMA (21): 1.3768
Parabolic SAR (0,02-0,02-0,2): 1.3770
Elder Ray (13): -0.0001
Super Trend (3,10): 1.3745
Zig ZAG (10): 1.3761
VORTEX (21): 0.9789
Stochastique (14,3,5): 46.16
TEMA (21): 1.3762
Williams %R (14): -62.50
Chande Momentum Oscillator (20): 0.0000
Repulse (5,40,3): -0.0493
ROCnROLL: -1
TRIX (15,9): 0.0045
Courbe Coppock: 0.06
MA7: 1.3707
MA20: 1.3672
MA50: 1.3680
MA100: 1.3595
MAexp7: 1.3763
MAexp20: 1.3763
MAexp50: 1.3748
MAexp100: 1.3725
Price / MA7: +0.40%
Price / MA20: +0.66%
Price / MA50: +0.60%
Price / MA100: +1.23%
Price / MAexp7: -0.01%
Price / MAexp20: -0.01%
Price / MAexp50: +0.10%
Price / MAexp100: +0.27%

Quotes : - Real time data - Forex

News


Don't forget to follow the news on USD/CAD. At the time of publication of this analysis, the latest news was as follows:

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

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