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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 10/15/2019 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.3217 CAD
My targets
1.3202 CAD (-0.04%)
1.3170 CAD (-0.28%)
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 1.3217 CAD. The sellers” bearish objective is set at 1.3202 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3170 CAD. In case of crossing, the next objective would be the support located at 1.3147 CAD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
6.4

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.

hsokkar
This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

USD/CAD rating 1.3207 CAD. The price is lower by -0.14% since the last closing and was traded between 1.3201 CAD and 1.3240 CAD over the period. The price is currently at +0.05% from its lowest and -0.25% from its highest.

1.3201
1.3240
1.3207

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by USD/CAD:

Technical


Technical analysis of USD/CAD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

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 scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Long black line

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.3147 1.3170 1.3202 1.3207 1.3217 1.3234 1.3268
Change (%) -0.45% -0.28% -0.04% - +0.08% +0.20% +0.46%
Change -0.0060 -0.0037 -0.0005 - +0.0010 +0.0027 +0.0061
Level Minor Major Intermediate - Major Minor 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
Standard1.31501.31711.31981.32191.32461.32671.3294
Camarilla1.32131.32171.32221.32261.32301.32351.3239
Woodie1.31541.31731.32021.32211.32501.32691.3298
Fibonacci1.31711.31891.32001.32191.32371.32481.3267


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.29571.30631.31331.32391.33091.34151.3485
Camarilla1.31541.31701.31861.32021.32181.32341.3250
Woodie1.29381.30541.31141.32301.32901.34061.3466
Fibonacci1.30631.31311.31721.32391.33071.33481.3415


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.28711.30021.31221.32531.33731.35041.3624
Camarilla1.31741.31971.32201.32431.32661.32891.3312
Woodie1.28671.29991.31181.32501.33691.35011.3620
Fibonacci1.30021.30981.31571.32531.33491.34081.3504

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): 38.11
MACD (12,26,9): -0.0002
Directional Movement: -11.4412
AROON (14): -42.8571
DEMA (21): 1.3225
Parabolic SAR (0,02-0,02-0,2): 1.3248
Elder Ray (13): -0.0013
Super Trend (3,10): 1.3244
Zig ZAG (10): 1.3209
VORTEX (21): 0.8618
Stochastique (14,3,5): 25.11
TEMA (21): 1.3224
Williams %R (14): -82.00
Chande Momentum Oscillator (20): -0.0018
Repulse (5,40,3): -0.1335
ROCnROLL: 2
TRIX (15,9): 0.0015
Courbe Coppock: 0.08
MA7: 1.3269
MA20: 1.3271
MA50: 1.3266
MA100: 1.3238
MAexp7: 1.3221
MAexp20: 1.3226
MAexp50: 1.3231
MAexp100: 1.3248
Price / MA7: -0.47%
Price / MA20: -0.48%
Price / MA50: -0.44%
Price / MA100: -0.23%
Price / MAexp7: -0.11%
Price / MAexp20: -0.14%
Price / MAexp50: -0.18%
Price / MAexp100: -0.31%

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:

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

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Londinia
Londinia AI

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