USD/CAD - 1H - Technical analysis published on 08/18/2019 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 1.3268 CAD
My targets
1.3250 CAD (-0.13%)
1.3233 CAD (-0.26%)
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 1.3268 CAD. The sellers” bearish objective is set at 1.3250 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3233 CAD. In case of crossing, the next objective would be the support located at 1.3213 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 1.3267 CAD. The price registered a decrease of -0.02% on the session and was between 1.3259 CAD and 1.3276 CAD. This implies that the price is at +0.06% from its lowest and at -0.07% from its highest.1.3259
1.3276
1.3267
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/CAD:
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. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 3 are neutral and 10 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3213 | 1.3233 | 1.3250 | 1.3267 | 1.3268 | 1.3285 | 1.3310 |
| Change (%) | -0.41% | -0.26% | -0.13% | - | +0.01% | +0.14% | +0.32% |
| Change | -0.0054 | -0.0034 | -0.0017 | - | +0.0001 | +0.0018 | +0.0043 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | Minor |
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 | 1.3182 | 1.3221 | 1.3246 | 1.3285 | 1.3310 | 1.3349 | 1.3374 |
| Camarilla | 1.3252 | 1.3258 | 1.3264 | 1.3270 | 1.3276 | 1.3282 | 1.3288 |
| Woodie | 1.3174 | 1.3218 | 1.3238 | 1.3282 | 1.3302 | 1.3346 | 1.3366 |
| Fibonacci | 1.3221 | 1.3246 | 1.3261 | 1.3285 | 1.3310 | 1.3325 | 1.3349 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3036 | 1.3111 | 1.3190 | 1.3265 | 1.3344 | 1.3419 | 1.3498 |
| Camarilla | 1.3228 | 1.3242 | 1.3256 | 1.3270 | 1.3284 | 1.3298 | 1.3312 |
| Woodie | 1.3039 | 1.3112 | 1.3193 | 1.3266 | 1.3347 | 1.3420 | 1.3501 |
| Fibonacci | 1.3111 | 1.3170 | 1.3206 | 1.3265 | 1.3324 | 1.3360 | 1.3419 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 33.92 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | -13.1140 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.3272 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3276 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 1.3308 | |
| Zig ZAG (10): | 1.3268 | |
| VORTEX (21): | 0.8480 | |
| Stochastique (14,3,5): | 24.18 | |
| TEMA (21): | 1.3264 | |
| Williams %R (14): | -82.35 | |
| Chande Momentum Oscillator (20): | -0.0032 | |
| Repulse (5,40,3): | 0.0450 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0099 | |
| Courbe Coppock: | 0.44 |
| MA7: | 1.3263 | |
| MA20: | 1.3221 | |
| MA50: | 1.3183 | |
| MA100: | 1.3299 | |
| MAexp7: | 1.3273 | |
| MAexp20: | 1.3285 | |
| MAexp50: | 1.3291 | |
| MAexp100: | 1.3283 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | +0.35% | |
| Price / MA50: | +0.64% | |
| Price / MA100: | -0.24% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.12% |
News
The latest news and videos published on USD/CAD at the time of the analysis were 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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