USD/CAD - 1H - Technical analysis published on 09/10/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.3138 CAD
My targets
1.3102 CAD (-0.27%)
1.2991 CAD (-1.12%)
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 1.3138 CAD. The sellers” bearish objective is set at 1.3102 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.2991 CAD. In case of crossing, the next objective would be the support located at 1.2536 CAD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD price is 1.3138 CAD. On the day, this instrument lost -0.24% and was between 1.3132 CAD and 1.3192 CAD. This implies that the price is at +0.05% from its lowest and at -0.41% from its highest.1.3132
1.3192
1.3138
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/CAD indicates that the overall trend is strongly bearish. 89.29% 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 market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
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
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support 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 | R1 | Price | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.2536 | 1.2991 | 1.3102 | 1.3138 | 1.3138 | 1.3168 | 1.3191 |
Change (%) | -4.58% | -1.12% | -0.27% | 0% | - | +0.23% | +0.40% |
Change | -0.0602 | -0.0147 | -0.0036 | 0 | - | +0.0030 | +0.0053 |
Level | Minor | Major | Minor | Minor | - | Intermediate | 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 | 1.3097 | 1.3117 | 1.3144 | 1.3164 | 1.3191 | 1.3211 | 1.3238 |
Camarilla | 1.3157 | 1.3161 | 1.3166 | 1.3170 | 1.3174 | 1.3179 | 1.3183 |
Woodie | 1.3100 | 1.3119 | 1.3147 | 1.3166 | 1.3194 | 1.3213 | 1.3241 |
Fibonacci | 1.3117 | 1.3135 | 1.3146 | 1.3164 | 1.3182 | 1.3193 | 1.3211 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.2865 | 1.3011 | 1.3091 | 1.3237 | 1.3317 | 1.3463 | 1.3543 |
Camarilla | 1.3109 | 1.3130 | 1.3150 | 1.3171 | 1.3192 | 1.3212 | 1.3233 |
Woodie | 1.2832 | 1.2995 | 1.3058 | 1.3221 | 1.3284 | 1.3447 | 1.3510 |
Fibonacci | 1.3011 | 1.3097 | 1.3151 | 1.3237 | 1.3323 | 1.3377 | 1.3463 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.3041 | 1.3109 | 1.3210 | 1.3278 | 1.3379 | 1.3447 | 1.3548 |
Camarilla | 1.3265 | 1.3280 | 1.3296 | 1.3311 | 1.3327 | 1.3342 | 1.3358 |
Woodie | 1.3058 | 1.3117 | 1.3227 | 1.3286 | 1.3396 | 1.3455 | 1.3565 |
Fibonacci | 1.3109 | 1.3174 | 1.3213 | 1.3278 | 1.3343 | 1.3382 | 1.3447 |
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): | 32.22 | |
MACD (12,26,9): | -0.0005 | |
Directional Movement: | -11.0866 | |
AROON (14): | -57.1429 | |
DEMA (21): | 1.3161 | |
Parabolic SAR (0,02-0,02-0,2): | 1.3180 | |
Elder Ray (13): | -0.0019 | |
Super Trend (3,10): | 1.3184 | |
Zig ZAG (10): | 1.3138 | |
VORTEX (21): | 0.9070 | |
Stochastique (14,3,5): | 10.95 | |
TEMA (21): | 1.3159 | |
Williams %R (14): | -90.00 | |
Chande Momentum Oscillator (20): | -0.0036 | |
Repulse (5,40,3): | -0.2017 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0001 | |
Courbe Coppock: | 0.19 |
MA7: | 1.3230 | |
MA20: | 1.3273 | |
MA50: | 1.3194 | |
MA100: | 1.3285 | |
MAexp7: | 1.3156 | |
MAexp20: | 1.3165 | |
MAexp50: | 1.3175 | |
MAexp100: | 1.3199 | |
Price / MA7: | -0.70% | |
Price / MA20: | -1.02% | |
Price / MA50: | -0.42% | |
Price / MA100: | -1.11% | |
Price / MAexp7: | -0.14% | |
Price / MAexp20: | -0.21% | |
Price / MAexp50: | -0.28% | |
Price / MAexp100: | -0.46% |
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:
- How to Identify Trends with Trader Sentiment: A Closer Look at USDCAD
- 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
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…
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