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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 06/12/2024 (GMT)

  • 141
  • 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
11%
72%
17%
My opinion
Neutral between 1.3699 CAD and 1.3770 CAD
My targets
-
My analysis
The basic trend is neutral and the short term is tentatively bearish. With such a pattern, it is difficult to favour buying or selling. The first support is located at 1.3699 CAD. The first resistance is located at 1.3770 CAD. However, the probabilities of moving towards the first support before the first resistance are slightly higher. Without a basic trend, it is important to monitor the price response at these levels. A bearish break in the support or a bullish break in the resistance could provide a signal that would set the new direction of the basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement recorded by USD/CAD.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bearish and could soon allow change to a bearish sentiment.

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

The USD/CAD price is 1.3743 CAD. The price registered a decrease of -0.09% on the session and was between 1.3741 CAD and 1.3761 CAD. This implies that the price is at +0.01% from its lowest and at -0.13% from its highest.

1.3741
1.3761
1.3743

A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

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


A technical analysis in 1H of this USD/CAD chart shows a neutral trend. The slightly bearish signals currently given by short-term moving averages could allow the overall trend to return to a slightly bearish trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of channel

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 1.3664 1.3699 1.3733 1.3743 1.3770 1.3792 1.3819
Change (%) -0.57% -0.32% -0.07% - +0.20% +0.36% +0.55%
Change -0.0079 -0.0044 -0.0010 - +0.0027 +0.0049 +0.0076
Level Major Minor Intermediate - Minor Major Minor



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
Standard1.36941.37211.37381.37651.37821.38091.3826
Camarilla1.37431.37471.37511.37551.37591.37631.3767
Woodie1.36891.37191.37331.37631.37771.38071.3821
Fibonacci1.37211.37381.37481.37651.37821.37921.3809


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): 41.96
MACD (12,26,9): -0.0004
Directional Movement: -7.1467
AROON (14): -50.0000
DEMA (21): 1.3748
Parabolic SAR (0,02-0,02-0,2): 1.3751
Elder Ray (13): -0.0004
Super Trend (3,10): 1.3770
Zig ZAG (10): 1.3746
VORTEX (21): 0.8563
Stochastique (14,3,5): 28.33
TEMA (21): 1.3744
Williams %R (14): -75.00
Chande Momentum Oscillator (20): -0.0009
Repulse (5,40,3): -0.0131
ROCnROLL: 2
TRIX (15,9): -0.0042
Courbe Coppock: 0.15
MA7: 1.3723
MA20: 1.3679
MA50: 1.3684
MA100: 1.3597
MAexp7: 1.3748
MAexp20: 1.3753
MAexp50: 1.3753
MAexp100: 1.3740
Price / MA7: +0.15%
Price / MA20: +0.47%
Price / MA50: +0.43%
Price / MA100: +1.07%
Price / MAexp7: -0.04%
Price / MAexp20: -0.07%
Price / MAexp50: -0.07%
Price / MAexp100: +0.02%

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.

About author

Londinia
Londinia AI

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