USD/CAD - 1H - Technical analysis published on 06/12/2024 (GMT)
- 166
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Neutral
Technical indicators
22%
44%
33%
My opinion
Neutral between 1.3699 CAD and 1.3770 CAD
My targets
-
My analysis
There is no basic trend for USD/CAD and in the short term, there are still few sellers. It is difficult to advise a trading direction under these conditions. The first support is located at 1.3699 CAD. The first resistance is located at 1.3770 CAD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this 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
The USD/CAD price is 1.3746 CAD. The price is lower by -0.07% since the last closing and was between 1.3741 CAD and 1.3761 CAD. This implies that the price is at +0.04% from its lowest and at -0.11% from its highest.1.3741
1.3761
1.3746
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/CAD in 1H shows a neutral overall trend. This indecision could turn into a bearish trend due to the slightly bearish signals currently given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. 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
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 1.3664 | 1.3699 | 1.3733 | 1.3746 | 1.3770 | 1.3792 | 1.3819 |
| Change (%) | -0.60% | -0.34% | -0.09% | - | +0.17% | +0.33% | +0.53% |
| Change | -0.0082 | -0.0047 | -0.0013 | - | +0.0024 | +0.0046 | +0.0073 |
| Level | Major | Minor | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3694 | 1.3721 | 1.3738 | 1.3765 | 1.3782 | 1.3809 | 1.3826 |
| Camarilla | 1.3743 | 1.3747 | 1.3751 | 1.3755 | 1.3759 | 1.3763 | 1.3767 |
| Woodie | 1.3689 | 1.3719 | 1.3733 | 1.3763 | 1.3777 | 1.3807 | 1.3821 |
| Fibonacci | 1.3721 | 1.3738 | 1.3748 | 1.3765 | 1.3782 | 1.3792 | 1.3809 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3491 | 1.3547 | 1.3656 | 1.3712 | 1.3821 | 1.3877 | 1.3986 |
| Camarilla | 1.3720 | 1.3735 | 1.3750 | 1.3765 | 1.3780 | 1.3795 | 1.3810 |
| Woodie | 1.3518 | 1.3560 | 1.3683 | 1.3725 | 1.3848 | 1.3890 | 1.4013 |
| Fibonacci | 1.3547 | 1.3610 | 1.3649 | 1.3712 | 1.3775 | 1.3814 | 1.3877 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3358 | 1.3474 | 1.3551 | 1.3667 | 1.3744 | 1.3860 | 1.3937 |
| Camarilla | 1.3575 | 1.3593 | 1.3610 | 1.3628 | 1.3646 | 1.3663 | 1.3681 |
| Woodie | 1.3339 | 1.3464 | 1.3532 | 1.3657 | 1.3725 | 1.3850 | 1.3918 |
| Fibonacci | 1.3474 | 1.3548 | 1.3593 | 1.3667 | 1.3741 | 1.3786 | 1.3860 |
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): | 39.60 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -6.5696 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.3749 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3757 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 1.3769 | |
| Zig ZAG (10): | 1.3744 | |
| VORTEX (21): | 0.8578 | |
| Stochastique (14,3,5): | 24.15 | |
| TEMA (21): | 1.3744 | |
| Williams %R (14): | -80.00 | |
| Chande Momentum Oscillator (20): | -0.0014 | |
| Repulse (5,40,3): | -0.0410 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0037 | |
| Courbe Coppock: | 0.21 |
| MA7: | 1.3723 | |
| MA20: | 1.3679 | |
| MA50: | 1.3684 | |
| MA100: | 1.3597 | |
| MAexp7: | 1.3749 | |
| MAexp20: | 1.3754 | |
| MAexp50: | 1.3754 | |
| MAexp100: | 1.3739 | |
| Price / MA7: | +0.17% | |
| Price / MA20: | +0.49% | |
| Price / MA50: | +0.45% | |
| Price / MA100: | +1.10% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | +0.06% |
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:
-
USD/CAD Forecast June 11, 2024
-
USD/CAD Forecast June 10, 2024
-
USD/CAD Forecast May 30, 2024
-
USD/CAD Forecast May 28, 2024
-
USD/CAD Forecast May 24, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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