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EUR/CAD
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 08/23/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.4696 CAD
My targets
1.4624 CAD (-0.0036)
1.4517 CAD (-0.0143)
My analysis
The bearish trend is currently very strong for EUR/CAD. As long as the price remains below the resistance at 1.4696 CAD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.4624 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.4517 CAD as an objective. Crossing it would then enable sellers to target 1.4304 CAD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
7.1

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.

mrjackyt
This analysis was given by mrjackyt. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/CAD rating is 1.4660 CAD. The price is lower by -0.25% since the last closing and was traded between 1.4657 CAD and 1.4721 CAD over the period. The price is currently at +0.02% from its lowest and -0.41% from its highest.

1.4657
1.4721
1.4660

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:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

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 this 1H chart of EUR/CAD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.4517 1.4624 1.4657 1.4660 1.4669 1.4696 1.4712
Change (%) -0.98% -0.25% -0.02% - +0.06% +0.25% +0.35%
Change -0.0143 -0.0036 -0.0003 - +0.0009 +0.0036 +0.0052
Level Intermediate Major Intermediate - Minor Intermediate 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
Standard1.45631.46251.46611.47231.47591.48211.4857
Camarilla1.46701.46791.46881.46971.47061.47151.4724
Woodie1.45501.46191.46481.47171.47461.48151.4844
Fibonacci1.46251.46621.46861.47231.47601.47841.4821


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.45721.46151.46761.47191.47801.48231.4884
Camarilla1.47091.47191.47291.47381.47481.47571.4767
Woodie1.45821.46201.46861.47241.47901.48281.4894
Fibonacci1.46151.46541.46791.47191.47581.47831.4823


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.38011.40921.43001.45911.47991.50901.5298
Camarilla1.43721.44181.44631.45091.45551.46011.4646
Woodie1.37611.40711.42601.45701.47591.50691.5258
Fibonacci1.40921.42821.44001.45911.47811.48991.5090

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): 31.63
MACD (12,26,9): -0.0014
Directional Movement: -21.5163
AROON (14): 0
DEMA (21): 1.4684
Parabolic SAR (0,02-0,02-0,2): 1.4721
Elder Ray (13): -0.0027
Super Trend (3,10): 1.4716
Zig ZAG (10): 1.4663
VORTEX (21): 0.8203
Stochastique (14,3,5): 36.03
TEMA (21): 1.4678
Williams %R (14): -87.50
Chande Momentum Oscillator (20): -0.0031
Repulse (5,40,3): -0.2702
ROCnROLL: 2
TRIX (15,9): -0.0131
Courbe Coppock: 0.21
MA7: 1.4717
MA20: 1.4677
MA50: 1.4600
MA100: 1.4633
MAexp7: 1.4687
MAexp20: 1.4702
MAexp50: 1.4719
MAexp100: 1.4726
Price / MA7: -0.39%
Price / MA20: -0.12%
Price / MA50: +0.41%
Price / MA100: +0.18%
Price / MAexp7: -0.18%
Price / MAexp20: -0.29%
Price / MAexp50: -0.40%
Price / MAexp100: -0.45%

Quotes : - Real time data - Forex

News


The latest news and videos published on EUR/CAD at the time of the analysis were as follows:

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

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