USD/CAD - 1H - Technical analysis published on 03/03/2020 (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:
Bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 1.3374 CAD
My targets
1.3307 CAD (-0.0031)
1.3268 CAD (-0.0070)
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 1.3374 CAD. The sellers” bearish objective is set at 1.3307 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.3268 CAD. In case of crossing, the next objective would be the support located at 1.3223 CAD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
5.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/CAD rating is 1.3338 CAD. The price registered an increase of +0.11% on the session and was traded between 1.3319 CAD and 1.3379 CAD over the period. The price is currently at +0.14% from its lowest and -0.31% from its highest.1.3319
1.3379
1.3338
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/CAD:
Technical
Technical analysis of this 1H chart of USD/CAD indicates that the overall trend is bearish. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3268 | 1.3307 | 1.3335 | 1.3338 | 1.3374 | 1.3396 | 1.3416 |
| Change (%) | -0.52% | -0.23% | -0.02% | - | +0.27% | +0.43% | +0.58% |
| Change | -0.0070 | -0.0031 | -0.0003 | - | +0.0036 | +0.0058 | +0.0078 |
| Level | Major | Intermediate | Major | - | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3153 | 1.3234 | 1.3279 | 1.3360 | 1.3405 | 1.3486 | 1.3531 |
| Camarilla | 1.3289 | 1.3301 | 1.3313 | 1.3324 | 1.3336 | 1.3347 | 1.3359 |
| Woodie | 1.3135 | 1.3225 | 1.3261 | 1.3351 | 1.3387 | 1.3477 | 1.3513 |
| Fibonacci | 1.3234 | 1.3282 | 1.3312 | 1.3360 | 1.3408 | 1.3438 | 1.3486 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3055 | 1.3150 | 1.3276 | 1.3371 | 1.3497 | 1.3592 | 1.3718 |
| Camarilla | 1.3342 | 1.3363 | 1.3383 | 1.3403 | 1.3423 | 1.3444 | 1.3464 |
| Woodie | 1.3072 | 1.3158 | 1.3293 | 1.3379 | 1.3514 | 1.3600 | 1.3735 |
| Fibonacci | 1.3150 | 1.3234 | 1.3286 | 1.3371 | 1.3455 | 1.3507 | 1.3592 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2984 | 1.3092 | 1.3248 | 1.3356 | 1.3512 | 1.3620 | 1.3776 |
| Camarilla | 1.3330 | 1.3355 | 1.3379 | 1.3403 | 1.3427 | 1.3451 | 1.3476 |
| Woodie | 1.3007 | 1.3104 | 1.3271 | 1.3368 | 1.3535 | 1.3632 | 1.3799 |
| Fibonacci | 1.3092 | 1.3193 | 1.3256 | 1.3356 | 1.3457 | 1.3520 | 1.3620 |
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): | 41.62 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -7.6199 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 1.3351 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3379 | |
| Elder Ray (13): | -0.0012 | |
| Super Trend (3,10): | 1.3397 | |
| Zig ZAG (10): | 1.3338 | |
| VORTEX (21): | 0.9536 | |
| Stochastique (14,3,5): | 57.61 | |
| TEMA (21): | 1.3357 | |
| Williams %R (14): | -66.67 | |
| Chande Momentum Oscillator (20): | -0.0010 | |
| Repulse (5,40,3): | -0.3814 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0032 | |
| Courbe Coppock: | 0.28 |
| MA7: | 1.3335 | |
| MA20: | 1.3291 | |
| MA50: | 1.3173 | |
| MA100: | 1.3182 | |
| MAexp7: | 1.3350 | |
| MAexp20: | 1.3353 | |
| MAexp50: | 1.3359 | |
| MAexp100: | 1.3354 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | +0.35% | |
| Price / MA50: | +1.25% | |
| Price / MA100: | +1.18% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.12% |
News
The last news published on USD/CAD at the time of the generation of this analysis was as follows:
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Higher Oil, Higher USD/CAD
-
Crude Oil, DAX 30, USD/CAD Forecasts with IG Client Sentiment
-
US Dollar Resistance, USD/CAD Tightening Range: Webinar
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Identifying USD/CAD Price Trends with Trader Sentiment
-
Will the USD/CAD rebound continue? – 9th January 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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