EUR/CAD - 1H - Technical analysis published on 09/15/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 1.4411 CAD
My targets
1.4359 CAD (-0.0016)
1.4304 CAD (-0.0071)
My analysis
EUR/CAD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.4411 CAD. The next support located at 1.4359 CAD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.4304 CAD. Below this support, sellers could then target 1.3828 CAD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
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This analysis was given by mrjackyt. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/CAD price is 1.4375 CAD. The price has increased by +0.01% since the last closing with the lowest point at 1.4368 CAD and the highest point at 1.4383 CAD. The deviation from the price is +0.05% for the low point and -0.06% for the high point.1.4368
1.4383
1.4375
Here is a more detailed summary of the historical variations registered by EUR/CAD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/CAD chart shows a sharp bearish trend. 92.86% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 1.3828 | 1.4304 | 1.4359 | 1.4375 | 1.4411 | 1.4506 | 1.4550 |
| Change (%) | -3.81% | -0.49% | -0.11% | - | +0.25% | +0.91% | +1.22% |
| Change | -0.0547 | -0.0071 | -0.0016 | - | +0.0036 | +0.0131 | +0.0175 |
| Level | Intermediate | Major | Intermediate | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4113 | 1.4236 | 1.4305 | 1.4428 | 1.4497 | 1.4620 | 1.4689 |
| Camarilla | 1.4321 | 1.4339 | 1.4356 | 1.4374 | 1.4392 | 1.4409 | 1.4427 |
| Woodie | 1.4086 | 1.4223 | 1.4278 | 1.4415 | 1.4470 | 1.4607 | 1.4662 |
| Fibonacci | 1.4236 | 1.4309 | 1.4355 | 1.4428 | 1.4501 | 1.4547 | 1.4620 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4404 | 1.4486 | 1.4540 | 1.4622 | 1.4676 | 1.4758 | 1.4812 |
| Camarilla | 1.4558 | 1.4570 | 1.4583 | 1.4595 | 1.4608 | 1.4620 | 1.4632 |
| Woodie | 1.4391 | 1.4479 | 1.4527 | 1.4615 | 1.4663 | 1.4751 | 1.4799 |
| Fibonacci | 1.4486 | 1.4538 | 1.4570 | 1.4622 | 1.4674 | 1.4706 | 1.4758 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4162 | 1.4330 | 1.4489 | 1.4657 | 1.4816 | 1.4984 | 1.5143 |
| Camarilla | 1.4559 | 1.4589 | 1.4619 | 1.4649 | 1.4679 | 1.4709 | 1.4739 |
| Woodie | 1.4159 | 1.4328 | 1.4486 | 1.4655 | 1.4813 | 1.4982 | 1.5140 |
| Fibonacci | 1.4330 | 1.4455 | 1.4532 | 1.4657 | 1.4782 | 1.4859 | 1.4984 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 23.78 | |
| MACD (12,26,9): | -0.0041 | |
| Directional Movement: | -27.3665 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 1.4362 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4383 | |
| Elder Ray (13): | -0.0023 | |
| Super Trend (3,10): | 1.4422 | |
| Zig ZAG (10): | 1.4372 | |
| VORTEX (21): | 0.6164 | |
| Stochastique (14,3,5): | 11.11 | |
| TEMA (21): | 1.4348 | |
| Williams %R (14): | -87.85 | |
| Chande Momentum Oscillator (20): | -0.0042 | |
| Repulse (5,40,3): | -0.0267 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0422 | |
| Courbe Coppock: | 1.45 |
| MA7: | 1.4527 | |
| MA20: | 1.4634 | |
| MA50: | 1.4661 | |
| MA100: | 1.4601 | |
| MAexp7: | 1.4378 | |
| MAexp20: | 1.4415 | |
| MAexp50: | 1.4475 | |
| MAexp100: | 1.4522 | |
| Price / MA7: | -1.05% | |
| Price / MA20: | -1.77% | |
| Price / MA50: | -1.95% | |
| Price / MA100: | -1.55% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.28% | |
| Price / MAexp50: | -0.69% | |
| Price / MAexp100: | -1.01% |
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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