EUR/CAD

- CAD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURCAD
ISIN:

EUR/CAD - 1H - Technical analysis published on 05/03/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

50%

17%

33%

My opinion

Bearish under 1.4691 CAD

My targets

1.4641 CAD (-0.0026)

1.4624 CAD (-0.0043)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/CAD as long as the price remains well below 1.4691 CAD. The sellers' bearish objective is set at 1.4641 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.4624 CAD. In case of crossing, the next objective would be the support located at 1.4606 CAD.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

Comment on the analysis

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 dtaccori. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/CAD price is 1.4667 CAD. On the day, this instrument gained +0.02% and was traded between 1.4659 CAD and 1.4670 CAD over the period. The price is currently at +0.05% from its lowest and -0.02% from its highest.

1.4659

1.4670

1.4667

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of EUR/CAD in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.4624	1.4641	1.4655	1.4667	1.4676	1.4691	1.4713
Change (%)	-0.29%	-0.18%	-0.08%	-	+0.06%	+0.16%	+0.31%
Change	-0.0043	-0.0026	-0.0012	-	+0.0009	+0.0024	+0.0046
Level	Major	Major	Minor	-	Minor	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4563	1.4602	1.4633	1.4672	1.4703	1.4742	1.4773
Camarilla	1.4645	1.4651	1.4658	1.4664	1.4670	1.4677	1.4683
Woodie	1.4559	1.4600	1.4629	1.4670	1.4699	1.4740	1.4769
Fibonacci	1.4602	1.4629	1.4645	1.4672	1.4699	1.4715	1.4742

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4458	1.4519	1.4569	1.4630	1.4680	1.4741	1.4791
Camarilla	1.4589	1.4599	1.4609	1.4619	1.4629	1.4639	1.4650
Woodie	1.4453	1.4516	1.4564	1.4627	1.4675	1.4738	1.4786
Fibonacci	1.4519	1.4561	1.4588	1.4630	1.4672	1.4699	1.4741

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4355	1.4450	1.4573	1.4668	1.4791	1.4886	1.5009
Camarilla	1.4635	1.4655	1.4675	1.4695	1.4715	1.4735	1.4755
Woodie	1.4368	1.4457	1.4586	1.4675	1.4804	1.4893	1.5022
Fibonacci	1.4450	1.4534	1.4585	1.4668	1.4752	1.4803	1.4886

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):	42.37
MACD (12,26,9):	-0.0007
Directional Movement:	-8.9886
AROON (14):	-14.2857
DEMA (21):	1.4663
Parabolic SAR (0,02-0,02-0,2):	1.4645
Elder Ray (13):	-0.0001
Super Trend (3,10):	1.4694
Zig ZAG (10):	1.4667
VORTEX (21):	0.8704
Stochastique (14,3,5):	57.02
TEMA (21):	1.4659
Williams %R (14):	-36.59
Chande Momentum Oscillator (20):	0.0015
Repulse (5,40,3):	0.0250
ROCnROLL:	2
TRIX (15,9):	-0.0082
Courbe Coppock:	0.19

MA7:	1.4664
MA20:	1.4669
MA50:	1.4687
MA100:	1.4644
MAexp7:	1.4666
MAexp20:	1.4673
MAexp50:	1.4679
MAexp100:	1.4674
Price / MA7:	+0.02%
Price / MA20:	-0.01%
Price / MA50:	-0.14%
Price / MA100:	+0.16%
Price / MAexp7:	+0.01%
Price / MAexp20:	-0.04%
Price / MAexp50:	-0.08%
Price / MAexp100:	-0.05%

Quotes : - Real time data - 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:

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

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