USD/CAD - 1H - Technical analysis published on 08/14/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 1.3247 CAD
My targets
1.3213 CAD (-0.04%)
1.3196 CAD (-0.17%)
My analysis
USD/CAD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.3247 CAD. The next support located at 1.3213 CAD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.3196 CAD. Below this support, sellers could then target 1.3177 CAD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD price is 1.3218 CAD. The price registered an increase of +0.03% on the session with the lowest point at 1.3211 CAD and the highest point at 1.3220 CAD. The deviation from the price is +0.05% for the low point and -0.02% for the high point.1.3211
1.3220
1.3218
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this USD/CAD chart shows a sharp bearish trend. 82.14% 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.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of triangle 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 | 1.3177 | 1.3196 | 1.3213 | 1.3218 | 1.3247 | 1.3266 | 1.3311 |
| Change (%) | -0.31% | -0.17% | -0.04% | - | +0.22% | +0.36% | +0.70% |
| Change | -0.0041 | -0.0022 | -0.0005 | - | +0.0029 | +0.0048 | +0.0093 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3060 | 1.3123 | 1.3168 | 1.3231 | 1.3276 | 1.3339 | 1.3384 |
| Camarilla | 1.3184 | 1.3194 | 1.3204 | 1.3214 | 1.3224 | 1.3234 | 1.3244 |
| Woodie | 1.3052 | 1.3119 | 1.3160 | 1.3227 | 1.3268 | 1.3335 | 1.3376 |
| Fibonacci | 1.3123 | 1.3164 | 1.3189 | 1.3231 | 1.3272 | 1.3297 | 1.3339 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2983 | 1.3080 | 1.3151 | 1.3248 | 1.3319 | 1.3416 | 1.3487 |
| Camarilla | 1.3176 | 1.3191 | 1.3207 | 1.3222 | 1.3237 | 1.3253 | 1.3268 |
| Woodie | 1.2970 | 1.3074 | 1.3138 | 1.3242 | 1.3306 | 1.3410 | 1.3474 |
| Fibonacci | 1.3080 | 1.3144 | 1.3184 | 1.3248 | 1.3312 | 1.3352 | 1.3416 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2871 | 1.2943 | 1.3070 | 1.3142 | 1.3269 | 1.3341 | 1.3468 |
| Camarilla | 1.3141 | 1.3160 | 1.3178 | 1.3196 | 1.3214 | 1.3233 | 1.3251 |
| Woodie | 1.2898 | 1.2957 | 1.3097 | 1.3156 | 1.3296 | 1.3355 | 1.3495 |
| Fibonacci | 1.2943 | 1.3019 | 1.3066 | 1.3142 | 1.3218 | 1.3265 | 1.3341 |
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): | 42.05 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -13.9513 | |
| AROON (14): | -7.1428 | |
| DEMA (21): | 1.3224 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3260 | |
| Elder Ray (13): | -0.0012 | |
| Super Trend (3,10): | 1.3259 | |
| Zig ZAG (10): | 1.3217 | |
| VORTEX (21): | 0.9233 | |
| Stochastique (14,3,5): | 29.63 | |
| TEMA (21): | 1.3217 | |
| Williams %R (14): | -70.37 | |
| Chande Momentum Oscillator (20): | -0.0066 | |
| Repulse (5,40,3): | -0.0489 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0031 | |
| Courbe Coppock: | 0.52 |
| MA7: | 1.3245 | |
| MA20: | 1.3184 | |
| MA50: | 1.3182 | |
| MA100: | 1.3300 | |
| MAexp7: | 1.3221 | |
| MAexp20: | 1.3231 | |
| MAexp50: | 1.3235 | |
| MAexp100: | 1.3238 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | +0.26% | |
| Price / MA50: | +0.27% | |
| Price / MA100: | -0.62% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -0.15% |
News
The latest news and videos published on USD/CAD at the time of the analysis were as follows:
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USD/CAD remains bullish
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USDCAD May Be Major Most Capable of Overcoming Holiday Trade (Quick Take Video)
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Will the USD/CAD push higher? – 9th May 2019
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USD/CAD Rebounding
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Will USD/CAD drive higher? – 7th March 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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