EUR/CAD - 1H - Technical analysis published on 04/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 1.4650 CAD
My targets
1.4580 CAD (-0.0036)
1.4495 CAD (-0.0121)
My analysis
EUR/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 1.4650 CAD. The next support located at 1.4580 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 1.4495 CAD. Below this support, sellers could then target 1.4304 CAD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
6.8
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/CAD rating is 1.4616 CAD. The price is lower by -0.25% since the last closing and was traded between 1.4609 CAD and 1.4666 CAD over the period. The price is currently at +0.05% from its lowest and -0.34% from its highest.1.4609
1.4666
1.4616
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/CAD chart shows a sharp 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 and bullish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
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 3
Type : Neutral
Timeframe : 1 hour
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, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4495 | 1.4580 | 1.4610 | 1.4616 | 1.4624 | 1.4650 | 1.4691 |
| Change (%) | -0.83% | -0.25% | -0.04% | - | +0.05% | +0.23% | +0.51% |
| Change | -0.0121 | -0.0036 | -0.0006 | - | +0.0008 | +0.0034 | +0.0075 |
| Level | Minor | Intermediate | Minor | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4595 | 1.4622 | 1.4637 | 1.4664 | 1.4679 | 1.4706 | 1.4721 |
| Camarilla | 1.4641 | 1.4644 | 1.4648 | 1.4652 | 1.4656 | 1.4660 | 1.4664 |
| Woodie | 1.4589 | 1.4619 | 1.4631 | 1.4661 | 1.4673 | 1.4703 | 1.4715 |
| Fibonacci | 1.4622 | 1.4638 | 1.4648 | 1.4664 | 1.4680 | 1.4690 | 1.4706 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4486 | 1.4549 | 1.4603 | 1.4666 | 1.4720 | 1.4783 | 1.4837 |
| Camarilla | 1.4625 | 1.4636 | 1.4646 | 1.4657 | 1.4668 | 1.4679 | 1.4689 |
| Woodie | 1.4482 | 1.4547 | 1.4599 | 1.4664 | 1.4716 | 1.4781 | 1.4833 |
| Fibonacci | 1.4549 | 1.4594 | 1.4621 | 1.4666 | 1.4711 | 1.4738 | 1.4783 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4345 | 1.4465 | 1.4540 | 1.4660 | 1.4735 | 1.4855 | 1.4930 |
| Camarilla | 1.4561 | 1.4579 | 1.4597 | 1.4615 | 1.4633 | 1.4651 | 1.4669 |
| Woodie | 1.4323 | 1.4454 | 1.4518 | 1.4649 | 1.4713 | 1.4844 | 1.4908 |
| Fibonacci | 1.4465 | 1.4540 | 1.4586 | 1.4660 | 1.4735 | 1.4781 | 1.4855 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 27.68 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -17.3969 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.4634 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4662 | |
| Elder Ray (13): | -0.0018 | |
| Super Trend (3,10): | 1.4667 | |
| Zig ZAG (10): | 1.4611 | |
| VORTEX (21): | 0.8031 | |
| Stochastique (14,3,5): | 8.03 | |
| TEMA (21): | 1.4627 | |
| Williams %R (14): | -91.23 | |
| Chande Momentum Oscillator (20): | -0.0035 | |
| Repulse (5,40,3): | -0.2998 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0048 | |
| Courbe Coppock: | 0.23 |
| MA7: | 1.4637 | |
| MA20: | 1.4662 | |
| MA50: | 1.4679 | |
| MA100: | 1.4643 | |
| MAexp7: | 1.4632 | |
| MAexp20: | 1.4643 | |
| MAexp50: | 1.4647 | |
| MAexp100: | 1.4645 | |
| Price / MA7: | -0.14% | |
| Price / MA20: | -0.31% | |
| Price / MA50: | -0.43% | |
| Price / MA100: | -0.18% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.20% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on EUR/CAD. At the time of publication of this analysis, the latest news was as follows:
-
Forex Analysis: EUR/USD, GBP/USD, EUR/CAD - Amana Capital
-
Why I'm looking to sell EURCAD: Coleman
-
EUR/CAD To Hold Steady
-
EUR/CAD Bullish Breakthrough
-
Bullish Divergence – EURCAD
This member declared not having a position on this financial instrument or a related financial instrument.
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