USD/CAD - 1H - Technical analysis published on 08/19/2019 (GMT)
- Who voted?
- 165
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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
33%
50%
17%
My opinion
Bearish under 1.3285 CAD
My targets
1.3268 CAD (-0.05%)
1.3250 CAD (-0.18%)
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.
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 hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD rating is 1.3274 CAD. The price has increased by +0.05% since the last closing and was between 1.3264 CAD and 1.3276 CAD. This implies that the price is at +0.08% from its lowest and at -0.02% from its highest.1.3264
1.3276
1.3274
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 bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being 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, 6 are bullish, 3 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.3233 | 1.3250 | 1.3268 | 1.3274 | 1.3285 | 1.3310 | 1.3331 |
Change (%) | -0.31% | -0.18% | -0.05% | - | +0.08% | +0.27% | +0.43% |
Change | -0.0041 | -0.0024 | -0.0006 | - | +0.0011 | +0.0036 | +0.0057 |
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 | 1.3242 | 1.3251 | 1.3259 | 1.3268 | 1.3276 | 1.3285 | 1.3293 |
Camarilla | 1.3263 | 1.3265 | 1.3266 | 1.3268 | 1.3270 | 1.3271 | 1.3273 |
Woodie | 1.3243 | 1.3251 | 1.3260 | 1.3268 | 1.3277 | 1.3285 | 1.3294 |
Fibonacci | 1.3251 | 1.3257 | 1.3261 | 1.3268 | 1.3274 | 1.3278 | 1.3285 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 37.80 | |
MACD (12,26,9): | -0.0010 | |
Directional Movement: | -8.7197 | |
AROON (14): | -64.2857 | |
DEMA (21): | 1.3270 | |
Parabolic SAR (0,02-0,02-0,2): | 1.3259 | |
Elder Ray (13): | -0.0004 | |
Super Trend (3,10): | 1.3308 | |
Zig ZAG (10): | 1.3273 | |
VORTEX (21): | 0.8691 | |
Stochastique (14,3,5): | 23.53 | |
TEMA (21): | 1.3264 | |
Williams %R (14): | -72.55 | |
Chande Momentum Oscillator (20): | -0.0031 | |
Repulse (5,40,3): | 0.0652 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0105 | |
Courbe Coppock: | 0.40 |
MA7: | 1.3271 | |
MA20: | 1.3227 | |
MA50: | 1.3183 | |
MA100: | 1.3298 | |
MAexp7: | 1.3274 | |
MAexp20: | 1.3283 | |
MAexp50: | 1.3290 | |
MAexp100: | 1.3282 | |
Price / MA7: | +0.02% | |
Price / MA20: | +0.36% | |
Price / MA50: | +0.69% | |
Price / MA100: | -0.18% | |
Price / MAexp7: | -0% | |
Price / MAexp20: | -0.07% | |
Price / MAexp50: | -0.12% | |
Price / MAexp100: | -0.06% |
News
The last news published on USD/CAD at the time of the generation of this analysis 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.
About author
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…
Add a comment
Comments
0 comments on the analysis USD/CAD - 1H