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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)

  • 107
  • 0
  • Timeframe : 1H
  • - Analysis generated on
  • Status : NEUTRAL

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Neutral
Underlying: Slightly bearish
Technical indicators
61%
11%
28%
My opinion
Neutral between 1.4696 CAD and 1.4732 CAD
My targets
-
My analysis
A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 1.4696 CAD. The first resistance is located at 1.4732 CAD. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.

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

EUR/CAD rating 1.4713 CAD. The price registered an increase of +0.11% on the session with the lowest point at 1.4654 CAD and the highest point at 1.4737 CAD. The deviation from the price is +0.40% for the low point and -0.16% for the high point.

1.4654
1.4737
1.4713

A study of price movements over other periods shows the following variations:
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 slightly bearish. 50.00% of the signals given by moving averages are bearish. As the signals currently given by short-term moving averages are rather neutral, the slightly bearish trend could return to neutral. An assessment of moving averages reveals several bearish and bullish signals:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



In fact, 11 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

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



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.4669 1.4696 1.4712 1.4713 1.4732 1.4761 1.4785
Change (%) -0.30% -0.12% -0.01% - +0.13% +0.33% +0.49%
Change -0.0044 -0.0017 -0.0001 - +0.0019 +0.0048 +0.0072
Level Minor Intermediate Minor - Minor Intermediate Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position 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 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): 57.21
MACD (12,26,9): -0.0010
Directional Movement: 9.7168
AROON (14): 28.5714
DEMA (21): 1.4680
Parabolic SAR (0,02-0,02-0,2): 1.4654
Elder Ray (13): 0.0020
Super Trend (3,10): 1.4644
Zig ZAG (10): 1.4719
VORTEX (21): 0.9719
Stochastique (14,3,5): 50.58
TEMA (21): 1.4679
Williams %R (14): -22.89
Chande Momentum Oscillator (20): 0.0024
Repulse (5,40,3): 0.2847
ROCnROLL: 1
TRIX (15,9): -0.0138
Courbe Coppock: 0.20
MA7: 1.4725
MA20: 1.4679
MA50: 1.4601
MA100: 1.4634
MAexp7: 1.4688
MAexp20: 1.4695
MAexp50: 1.4713
MAexp100: 1.4722
Price / MA7: -0.08%
Price / MA20: +0.23%
Price / MA50: +0.77%
Price / MA100: +0.54%
Price / MAexp7: +0.17%
Price / MAexp20: +0.12%
Price / MAexp50: -0%
Price / MAexp100: -0.06%

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.

About author

Londinia
Londinia AI

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