USD/CAD
USD CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
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High / Low range: -
Type: Forex
Ticker: USDCAD
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USD/CAD - 1H - Technical analysis published on 06/12/2024 (GMT)

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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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: Neutral
Underlying: Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 1.3770 CAD
My targets
1.3699 CAD (-0.0027)
1.3664 CAD (-0.0062)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.3770 CAD remains possible. It is advisable to trade USD/CAD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.3770 CAD. The next bearish objective for sellers is set at 1.3699 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3664 CAD. In case of crossing, the next objective would be the support located at 1.3596 CAD. PS: if there is a bullish break in the resistance located at 1.3770 CAD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.6

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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 1.3726 CAD. The price registered a decrease of -0.21% on the session and was traded between 1.3680 CAD and 1.3761 CAD over the period. The price is currently at +0.34% from its lowest and -0.25% from its highest.

1.3680
1.3761
1.3726

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 USD/CAD in 1H shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.3596 1.3664 1.3699 1.3726 1.3733 1.3770 1.3792
Change (%) -0.95% -0.45% -0.20% - +0.05% +0.32% +0.48%
Change -0.0130 -0.0062 -0.0027 - +0.0007 +0.0044 +0.0066
Level Major Major Minor - Intermediate Minor Major



Attention could also be paid to pivot points to set price objectives:

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 49.37
MACD (12,26,9): -0.0014
Directional Movement: -2.8189
AROON (14): -50.0000
DEMA (21): 1.3707
Parabolic SAR (0,02-0,02-0,2): 1.3681
Elder Ray (13): 0.0006
Super Trend (3,10): 1.3730
Zig ZAG (10): 1.3727
VORTEX (21): 0.8562
Stochastique (14,3,5): 47.11
TEMA (21): 1.3699
Williams %R (14): -38.67
Chande Momentum Oscillator (20): -0.0018
Repulse (5,40,3): 0.1697
ROCnROLL: -1
TRIX (15,9): -0.0144
Courbe Coppock: 0.67
MA7: 1.3720
MA20: 1.3678
MA50: 1.3684
MA100: 1.3597
MAexp7: 1.3711
MAexp20: 1.3725
MAexp50: 1.3739
MAexp100: 1.3734
Price / MA7: +0.04%
Price / MA20: +0.35%
Price / MA50: +0.31%
Price / MA100: +0.95%
Price / MAexp7: +0.11%
Price / MAexp20: +0.01%
Price / MAexp50: -0.09%
Price / MAexp100: -0.06%

Quotes : - Real time data - Forex

News


The latest news and videos published on USD/CAD at the time of the analysis were as follows:

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

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