USD/CAD
USD CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDCAD
ISIN:

USD/CAD - 1H - Technical analysis published on 09/10/2019 (GMT)

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  • Timeframe : 1H
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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:
15 min. Daily Weekly

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:
The Central Records scanner for higher/lower results shows an item:

Central Records

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:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

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:

Central Patterns

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


S3S2S1R1PriceR2R3
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
Standard1.30971.31171.31441.31641.31911.32111.3238
Camarilla1.31571.31611.31661.31701.31741.31791.3183
Woodie1.31001.31191.31471.31661.31941.32131.3241
Fibonacci1.31171.31351.31461.31641.31821.31931.3211


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.28651.30111.30911.32371.33171.34631.3543
Camarilla1.31091.31301.31501.31711.31921.32121.3233
Woodie1.28321.29951.30581.32211.32841.34471.3510
Fibonacci1.30111.30971.31511.32371.33231.33771.3463


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.30411.31091.32101.32781.33791.34471.3548
Camarilla1.32651.32801.32961.33111.33271.33421.3358
Woodie1.30581.31171.32271.32861.33961.34551.3565
Fibonacci1.31091.31741.32131.32781.33431.33821.3447

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%

This member declared not having a position on this financial instrument or a related financial instrument.

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