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
Analysis too old. There are no more charts available.
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:
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:
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:
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:
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3600 | 1.3640 | 1.3681 | 1.3721 | 1.3762 | 1.3802 | 1.3843 |
| Camarilla | 1.3700 | 1.3707 | 1.3715 | 1.3722 | 1.3729 | 1.3737 | 1.3744 |
| Woodie | 1.3601 | 1.3640 | 1.3682 | 1.3721 | 1.3763 | 1.3802 | 1.3844 |
| Fibonacci | 1.3640 | 1.3671 | 1.3690 | 1.3721 | 1.3752 | 1.3771 | 1.3802 |
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): | 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 :
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Real time data
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Forex
News
The last news published on USD/CAD at the time of the generation of this analysis was as follows:
-
USD/CAD Forecast June 13, 2024
-
USD/CAD Forecast June 11, 2024
-
USD/CAD Forecast June 10, 2024
-
USD/CAD Forecast May 30, 2024
-
USD/CAD Forecast May 28, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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