EUR/CAD - Daily - Technical analysis published on 05/08/2024 (GMT)
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- 0
- Timeframe : Daily
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above
My targets
()
()
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/CAD as long as the price remains well above . The buyers' bullish objective is set at . A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at . If there is any crossing, the next objective would be the resistance located at . However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/CAD rating 1.4771 CAD. On the day, this instrument gained +0.05% and was traded between 1.4761 CAD and 1.4772 CAD over the period. The price is currently at +0.07% from its lowest and -0.01% from its highest.1.4761
1.4772
1.4771
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/CAD in Daily shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
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 | 1.4355 | 1.4624 | 1.4739 | 1.4771 | 1.4908 | 1.5074 | 1.5445 |
| Change (%) | -2.82% | -1.00% | -0.22% | - | +0.93% | +2.05% | +4.56% |
| Change | -0.0416 | -0.0147 | -0.0032 | - | +0.0137 | +0.0303 | +0.0674 |
| Level | Minor | Major | Major | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4670 | 1.4694 | 1.4728 | 1.4752 | 1.4786 | 1.4810 | 1.4844 |
| Camarilla | 1.4747 | 1.4752 | 1.4758 | 1.4763 | 1.4768 | 1.4774 | 1.4779 |
| Woodie | 1.4676 | 1.4697 | 1.4734 | 1.4755 | 1.4792 | 1.4813 | 1.4850 |
| Fibonacci | 1.4694 | 1.4716 | 1.4730 | 1.4752 | 1.4774 | 1.4788 | 1.4810 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4501 | 1.4554 | 1.4641 | 1.4694 | 1.4781 | 1.4834 | 1.4921 |
| Camarilla | 1.4691 | 1.4703 | 1.4716 | 1.4729 | 1.4742 | 1.4755 | 1.4768 |
| Woodie | 1.4519 | 1.4563 | 1.4659 | 1.4703 | 1.4799 | 1.4843 | 1.4939 |
| Fibonacci | 1.4554 | 1.4607 | 1.4640 | 1.4694 | 1.4747 | 1.4780 | 1.4834 |
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 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): | 61.05 | |
| MACD (12,26,9): | 0.0018 | |
| Directional Movement: | 5.8585 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 1.4710 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4612 | |
| Elder Ray (13): | 0.0064 | |
| Super Trend (3,10): | 1.4603 | |
| Zig ZAG (10): | 1.4771 | |
| VORTEX (21): | 1.0241 | |
| Stochastique (14,3,5): | 92.04 | |
| TEMA (21): | 1.4726 | |
| Williams %R (14): | -2.05 | |
| Chande Momentum Oscillator (20): | 0.0175 | |
| Repulse (5,40,3): | 0.4485 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0021 | |
| Courbe Coppock: | 0.77 |
| MA7: | 1.4721 | |
| MA20: | 1.4676 | |
| MA50: | 1.4693 | |
| MA100: | 1.4648 | |
| MAexp7: | 1.4725 | |
| MAexp20: | 1.4693 | |
| MAexp50: | 1.4677 | |
| MAexp100: | 1.4662 | |
| Price / MA7: | +0.34% | |
| Price / MA20: | +0.65% | |
| Price / MA50: | +0.53% | |
| Price / MA100: | +0.84% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +0.53% | |
| Price / MAexp50: | +0.64% | |
| Price / MAexp100: | +0.74% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/CAD at the time of the generation of this analysis was as follows:
-
Forex Analysis: EUR/USD, GBP/USD, EUR/CAD - Amana Capital
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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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