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 05/17/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 1.4803 CAD

My targets

1.4757 CAD (-0.0018)

1.4740 CAD (-0.0035)

My analysis

The strong short-term decline of EUR/CAD reinforces the current slightly bearish trend. As long as the price remains below 1.4803 CAD, you could take advantage of this bearish acceleration. The first bearish objective is located at 1.4757 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.4740 CAD as an objective. Crossing it would then enable sellers to target 1.4721 CAD. A return to above 1.4803 CAD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

4.1

Comment on the analysis

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.

This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/CAD price is 1.4775 CAD. On the day, this instrument lost -0.15% with the lowest point at 1.4775 CAD and the highest point at 1.4803 CAD. The deviation from the price is 0% for the low point and -0.19% for the high point.

1.4775

1.4803

1.4775

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

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 1H shows an overall slightly bearish trend. Only 57.14% 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 a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

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:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour

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

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.4740	1.4757	1.4774	1.4775	1.4803	1.4822	1.4908
Change (%)	-0.24%	-0.12%	-0.01%	-	+0.19%	+0.32%	+0.90%
Change	-0.0035	-0.0018	-0.0001	-	+0.0028	+0.0047	+0.0133
Level	Intermediate	Intermediate	Intermediate	-	Minor	Major	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
Standard	1.4752	1.4771	1.4784	1.4803	1.4816	1.4835	1.4848
Camarilla	1.4788	1.4791	1.4794	1.4797	1.4800	1.4803	1.4806
Woodie	1.4749	1.4770	1.4781	1.4802	1.4813	1.4834	1.4845
Fibonacci	1.4771	1.4783	1.4791	1.4803	1.4815	1.4823	1.4835

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4594	1.4644	1.4686	1.4736	1.4778	1.4828	1.4870
Camarilla	1.4702	1.4710	1.4719	1.4727	1.4735	1.4744	1.4752
Woodie	1.4589	1.4642	1.4681	1.4734	1.4773	1.4826	1.4865
Fibonacci	1.4644	1.4680	1.4701	1.4736	1.4772	1.4793	1.4828

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	35.89
MACD (12,26,9):	-0.0004
Directional Movement:	-11.3059
AROON (14):	-35.7143
DEMA (21):	1.4789
Parabolic SAR (0,02-0,02-0,2):	1.4799
Elder Ray (13):	-0.0009
Super Trend (3,10):	1.4808
Zig ZAG (10):	1.4780
VORTEX (21):	0.8916
Stochastique (14,3,5):	15.08
TEMA (21):	1.4784
Williams %R (14):	-92.00
Chande Momentum Oscillator (20):	-0.0017
Repulse (5,40,3):	-0.0730
ROCnROLL:	2
TRIX (15,9):	-0.0023
Courbe Coppock:	0.13

MA7:	1.4767
MA20:	1.4710
MA50:	1.4699
MA100:	1.4658
MAexp7:	1.4787
MAexp20:	1.4793
MAexp50:	1.4792
MAexp100:	1.4781
Price / MA7:	+0.05%
Price / MA20:	+0.44%
Price / MA50:	+0.52%
Price / MA100:	+0.80%
Price / MAexp7:	-0.08%
Price / MAexp20:	-0.12%
Price / MAexp50:	-0.11%
Price / MAexp100:	-0.04%

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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