USD/CAD - 1H - Technical analysis published on 08/17/2019 (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:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.3285 CAD
My targets
1.3268 CAD (-0.02%)
1.3250 CAD (-0.15%)
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 1.3285 CAD. The next support located at 1.3268 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 1.3250 CAD. Below this support, sellers could then target 1.3233 CAD.
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/CAD rating 1.3270 CAD. On the day, this instrument lost -0.36% with the lowest point at 1.3261 CAD and the highest point at 1.3325 CAD. The deviation from the price is +0.07% for the low point and -0.41% for the high point.1.3261
1.3325
1.3270
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this USD/CAD chart shows a bearish trend. 67.86% 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.
In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3233 | 1.3250 | 1.3268 | 1.3270 | 1.3285 | 1.3310 | 1.3331 |
| Change (%) | -0.28% | -0.15% | -0.02% | - | +0.11% | +0.30% | +0.46% |
| Change | -0.0037 | -0.0020 | -0.0002 | - | +0.0015 | +0.0040 | +0.0061 |
| Level | Minor | Intermediate | 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 | 1.3237 | 1.3261 | 1.3290 | 1.3314 | 1.3343 | 1.3367 | 1.3396 |
| Camarilla | 1.3303 | 1.3308 | 1.3313 | 1.3318 | 1.3323 | 1.3328 | 1.3333 |
| Woodie | 1.3239 | 1.3262 | 1.3292 | 1.3315 | 1.3345 | 1.3368 | 1.3398 |
| Fibonacci | 1.3261 | 1.3282 | 1.3294 | 1.3314 | 1.3335 | 1.3347 | 1.3367 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 32.79 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | -15.3491 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 1.3280 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3286 | |
| Elder Ray (13): | -0.0017 | |
| Super Trend (3,10): | 1.3311 | |
| Zig ZAG (10): | 1.3270 | |
| VORTEX (21): | 0.8152 | |
| Stochastique (14,3,5): | 15.78 | |
| TEMA (21): | 1.3269 | |
| Williams %R (14): | -82.69 | |
| Chande Momentum Oscillator (20): | -0.0028 | |
| Repulse (5,40,3): | -0.0309 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0073 | |
| Courbe Coppock: | 0.47 |
| MA7: | 1.3257 | |
| MA20: | 1.3214 | |
| MA50: | 1.3183 | |
| MA100: | 1.3299 | |
| MAexp7: | 1.3277 | |
| MAexp20: | 1.3291 | |
| MAexp50: | 1.3295 | |
| MAexp100: | 1.3283 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | +0.42% | |
| Price / MA50: | +0.66% | |
| Price / MA100: | -0.22% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.10% |
News
Don"t forget to follow the news on USD/CAD. At the time of publication of this analysis, the latest news was as follows:
-
USD/CAD remains bullish
-
USDCAD May Be Major Most Capable of Overcoming Holiday Trade (Quick Take Video)
-
Will the USD/CAD push higher? – 9th May 2019
-
USD/CAD Rebounding
-
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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