EUR/CAD - 15 min. - Technical analysis published on 05/08/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
22%
72%
6%
My opinion
Bearish under 1.4786 CAD
My targets
1.4728 CAD (-0.0023)
1.4694 CAD (-0.0057)
My analysis
EUR/CAD is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 1.4786 CAD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 1.4728 CAD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 1.4694 CAD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 1.4670 CAD. Beware of a possible return to above the resistance located at 1.4786 CAD which would be a sign of a correction of the short-term bearish excesses registered.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.5
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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 1.4751 CAD. The price registered a decrease of -0.08% on the session and was between 1.4747 CAD and 1.4787 CAD. This implies that the price is at +0.03% from its lowest and at -0.24% from its highest.1.4747
1.4787
1.4751
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of EUR/CAD indicates that the overall trend is slightly bearish. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced 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:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 15 minutes
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.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 15 minutes
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 15 minutes
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4641 | 1.4676 | 1.4739 | 1.4751 | 1.4775 | 1.4908 | 1.5074 |
| Change (%) | -0.75% | -0.51% | -0.08% | - | +0.16% | +1.06% | +2.19% |
| Change | -0.0110 | -0.0075 | -0.0012 | - | +0.0024 | +0.0157 | +0.0323 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Major |
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): | 29.01 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -16.3267 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 1.4770 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4778 | |
| Elder Ray (13): | -0.0013 | |
| Super Trend (3,10): | 1.4780 | |
| Zig ZAG (10): | 1.4756 | |
| VORTEX (21): | 0.8252 | |
| Stochastique (14,3,5): | 7.61 | |
| TEMA (21): | 1.4765 | |
| Williams %R (14): | -97.06 | |
| Chande Momentum Oscillator (20): | -0.0031 | |
| Repulse (5,40,3): | -0.1123 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0006 | |
| Courbe Coppock: | 0.19 |
| MA7: | 1.4719 | |
| MA20: | 1.4675 | |
| MA50: | 1.4692 | |
| MA100: | 1.4648 | |
| MAexp7: | 1.4763 | |
| MAexp20: | 1.4774 | |
| MAexp50: | 1.4773 | |
| MAexp100: | 1.4766 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | +0.52% | |
| Price / MA50: | +0.40% | |
| Price / MA100: | +0.70% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.10% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on EUR/CAD at the time of the analysis were as follows:
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Forex Analysis: EUR/USD, GBP/USD, EUR/CAD - Amana Capital
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Why I'm looking to sell EURCAD: Coleman
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EUR/CAD To Hold Steady
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EUR/CAD Bullish Breakthrough
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Bullish Divergence – EURCAD
This member declared not having a position on this financial instrument or a related financial instrument.
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