USD/CAD - 1H - Technical analysis published on 03/05/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 1.4453 CAD
My targets
1.4369 CAD (-0.0028)
1.4321 CAD (-0.0076)
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 1.4453 CAD. The sellers' bearish objective is set at 1.4369 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.4321 CAD. In case of crossing, the next objective would be the support located at 1.4278 CAD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.8
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD price is 1.4397 CAD. The price registered a decrease of -0.01% on the session and was traded between 1.4342 CAD and 1.4450 CAD over the period. The price is currently at +0.38% from its lowest and -0.37% from its highest.1.4342
1.4450
1.4397
Here is a more detailed summary of the historical variations registered by USD/CAD:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
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 bearish trend. 75.00% of the signals given by moving averages are bearish. This 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 3 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
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:
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 a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.4278 | 1.4321 | 1.4369 | 1.4397 | 1.4453 | 1.4534 |
| Change (%) | -0.83% | -0.53% | -0.19% | - | +0.39% | +0.95% |
| Change | -0.0119 | -0.0076 | -0.0028 | - | +0.0056 | +0.0137 |
| Level | Minor | Minor | Major | - | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4160 | 1.4266 | 1.4332 | 1.4438 | 1.4504 | 1.4610 | 1.4676 |
| Camarilla | 1.4352 | 1.4368 | 1.4383 | 1.4399 | 1.4415 | 1.4431 | 1.4446 |
| Woodie | 1.4141 | 1.4256 | 1.4313 | 1.4428 | 1.4485 | 1.4600 | 1.4657 |
| Fibonacci | 1.4266 | 1.4331 | 1.4372 | 1.4438 | 1.4503 | 1.4544 | 1.4610 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3979 | 1.4080 | 1.4269 | 1.4370 | 1.4559 | 1.4660 | 1.4849 |
| Camarilla | 1.4377 | 1.4404 | 1.4430 | 1.4457 | 1.4484 | 1.4510 | 1.4537 |
| Woodie | 1.4022 | 1.4102 | 1.4312 | 1.4392 | 1.4602 | 1.4682 | 1.4892 |
| Fibonacci | 1.4080 | 1.4191 | 1.4260 | 1.4370 | 1.4481 | 1.4550 | 1.4660 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3499 | 1.3825 | 1.4141 | 1.4467 | 1.4783 | 1.5109 | 1.5425 |
| Camarilla | 1.4281 | 1.4339 | 1.4398 | 1.4457 | 1.4516 | 1.4575 | 1.4634 |
| Woodie | 1.3494 | 1.3823 | 1.4136 | 1.4465 | 1.4778 | 1.5107 | 1.5420 |
| Fibonacci | 1.3825 | 1.4070 | 1.4222 | 1.4467 | 1.4712 | 1.4864 | 1.5109 |
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): | 42.30 | |
| MACD (12,26,9): | -0.0019 | |
| Directional Movement: | -6.9839 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 1.4386 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4487 | |
| Elder Ray (13): | -0.0033 | |
| Super Trend (3,10): | 1.4461 | |
| Zig ZAG (10): | 1.4389 | |
| VORTEX (21): | 0.7425 | |
| Stochastique (14,3,5): | 19.09 | |
| TEMA (21): | 1.4376 | |
| Williams %R (14): | -53.70 | |
| Chande Momentum Oscillator (20): | -0.0032 | |
| Repulse (5,40,3): | 0.1313 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0173 | |
| Courbe Coppock: | 0.55 |
| MA7: | 1.4404 | |
| MA20: | 1.4301 | |
| MA50: | 1.4354 | |
| MA100: | 1.4187 | |
| MAexp7: | 1.4390 | |
| MAexp20: | 1.4409 | |
| MAexp50: | 1.4428 | |
| MAexp100: | 1.4418 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | +0.67% | |
| Price / MA50: | +0.30% | |
| Price / MA100: | +1.48% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.15% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on USD/CAD at the time of the analysis were as follows:
-
USD/CAD Analysis: The Dollar Rallies Again
-
USD/CAD Analysis: The US Dollar Pulls Back Against the Loonie
-
USD/CAD Analysis: Dollar Pulls Back Slightly After Impressive Run
-
USD/CAD Analysis: Can the Dollar Break Out Again?
-
USD/CAD Analysis: Dollar Rebounds Against the Canadian Dollar
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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