USD/CAD - 1H - Technical analysis published on 06/24/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 1.3187 CAD
My targets
1.3161 CAD (-0.18%)
1.3102 CAD (-0.63%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/CAD as long as the price remains well below 1.3187 CAD. The sellers” bearish objective is set at 1.3161 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3102 CAD. In case of crossing, the next objective would be the support located at 1.2991 CAD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD price is 1.3185 CAD. On the day, this instrument lost -0.30% and was between 1.3177 CAD and 1.3220 CAD. This implies that the price is at +0.06% from its lowest and at -0.26% from its highest.1.3177
1.3220
1.3185
The Central Gaps scanner detects a bullish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of USD/CAD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 3 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.2991 | 1.3102 | 1.3161 | 1.3185 | 1.3187 | 1.3229 | 1.3274 |
| Change (%) | -1.47% | -0.63% | -0.18% | - | +0.02% | +0.33% | +0.68% |
| Change | -0.0194 | -0.0083 | -0.0024 | - | +0.0002 | +0.0044 | +0.0089 |
| Level | Major | Major | Major | - | Minor | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3113 | 1.3137 | 1.3181 | 1.3205 | 1.3249 | 1.3273 | 1.3317 |
| Camarilla | 1.3206 | 1.3213 | 1.3219 | 1.3225 | 1.3231 | 1.3237 | 1.3244 |
| Woodie | 1.3123 | 1.3142 | 1.3191 | 1.3210 | 1.3259 | 1.3278 | 1.3327 |
| Fibonacci | 1.3137 | 1.3163 | 1.3179 | 1.3205 | 1.3231 | 1.3247 | 1.3273 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2823 | 1.2986 | 1.3106 | 1.3269 | 1.3389 | 1.3552 | 1.3672 |
| Camarilla | 1.3147 | 1.3173 | 1.3199 | 1.3225 | 1.3251 | 1.3277 | 1.3303 |
| Woodie | 1.2801 | 1.2975 | 1.3083 | 1.3258 | 1.3367 | 1.3541 | 1.3649 |
| Fibonacci | 1.2986 | 1.3094 | 1.3161 | 1.3269 | 1.3377 | 1.3444 | 1.3552 |
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): | 39.29 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -6.8517 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 1.3189 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3205 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 1.3173 | |
| Zig ZAG (10): | 1.3185 | |
| VORTEX (21): | 0.8522 | |
| Stochastique (14,3,5): | 11.85 | |
| TEMA (21): | 1.3190 | |
| Williams %R (14): | -82.93 | |
| Chande Momentum Oscillator (20): | -0.0025 | |
| Repulse (5,40,3): | -0.0383 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0025 | |
| Courbe Coppock: | 0.38 |
| MA7: | 1.3295 | |
| MA20: | 1.3361 | |
| MA50: | 1.3405 | |
| MA100: | 1.3357 | |
| MAexp7: | 1.3188 | |
| MAexp20: | 1.3196 | |
| MAexp50: | 1.3213 | |
| MAexp100: | 1.3248 | |
| Price / MA7: | -0.83% | |
| Price / MA20: | -1.32% | |
| Price / MA50: | -1.64% | |
| Price / MA100: | -1.29% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.48% |
News
The last news published on USD/CAD at the time of the generation of this analysis was as follows:
-
Will the USD/CAD push higher? – 9th May 2019
-
USD/CAD Rebounding
-
Will USD/CAD drive higher? – 7th March 2019
-
USD/CAD calls for a rebound
-
USD/CAD: Suffers oil rebound
This member declared not having a position on this financial instrument or a related financial instrument.
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