USD/CAD
USD CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
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Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDCAD
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USD/CAD - 1H - Technical analysis published on 06/13/2024 (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

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 1.3770 CAD
My targets
1.3699 CAD (-0.0023)
1.3664 CAD (-0.0058)
My analysis
In the short term, we can see an acceleration in the bearish trend on USD/CAD, which is a positive signal for sellers. As long as the price remains above 1.3770 CAD, a sale could be considered. The first bearish objective is located at 1.3699 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.3664 CAD as an objective. Crossing it would then enable sellers to target 1.3596 CAD. If the price were to return above 1.3770 CAD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

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
2.7

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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

USD/CAD rating 1.3722 CAD. On the day, this instrument gained +0.00% and was between 1.3721 CAD and 1.3723 CAD. This implies that the price is at +0.01% from its lowest and at -0.01% from its highest.

1.3721
1.3723
1.3722

A study of price movements over other periods shows the following variations:
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 bearish. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is under support 1

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:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.3596 1.3664 1.3699 1.3722 1.3733 1.3770 1.3792
Change (%) -0.92% -0.42% -0.17% - +0.08% +0.35% +0.51%
Change -0.0126 -0.0058 -0.0023 - +0.0011 +0.0048 +0.0070
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
Standard1.36001.36401.36811.37211.37621.38021.3843
Camarilla1.37001.37071.37151.37221.37291.37371.3744
Woodie1.36011.36401.36821.37211.37631.38021.3844
Fibonacci1.36401.36711.36901.37211.37521.37711.3802


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): 46.75
MACD (12,26,9): -0.0009
Directional Movement: -3.7062
AROON (14): -35.7143
DEMA (21): 1.3710
Parabolic SAR (0,02-0,02-0,2): 1.3689
Elder Ray (13): 0.0003
Super Trend (3,10): 1.3730
Zig ZAG (10): 1.3722
VORTEX (21): 0.9043
Stochastique (14,3,5): 56.81
TEMA (21): 1.3708
Williams %R (14): -40.85
Chande Momentum Oscillator (20): -0.0021
Repulse (5,40,3): 0.0267
ROCnROLL: -1
TRIX (15,9): -0.0131
Courbe Coppock: 0.39
MA7: 1.3720
MA20: 1.3678
MA50: 1.3684
MA100: 1.3597
MAexp7: 1.3718
MAexp20: 1.3723
MAexp50: 1.3736
MAexp100: 1.3733
Price / MA7: +0.01%
Price / MA20: +0.32%
Price / MA50: +0.28%
Price / MA100: +0.92%
Price / MAexp7: +0.03%
Price / MAexp20: -0.01%
Price / MAexp50: -0.10%
Price / MAexp100: -0.08%

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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