EUR/CAD - 1H - Technical analysis published on 06/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 1.4847 CAD
My targets
1.4929 CAD (+0.0040)
1.5074 CAD (+0.0185)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/CAD. As long as you are above the support located at 1.4847 CAD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.4929 CAD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1.5074 CAD as an objective. Crossing it would then enable buyers to target 1.5445 CAD. If the support 1.4847 CAD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.4
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/CAD rating 1.4889 CAD. The price has increased by +0.03% since the last closing and was between 1.4876 CAD and 1.4924 CAD. This implies that the price is at +0.09% from its lowest and at -0.23% from its highest.1.4876
1.4924
1.4889
A study of price movements over other periods shows the following variations:
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 bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
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 which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4792 | 1.4810 | 1.4847 | 1.4889 | 1.4896 | 1.4929 | 1.5074 |
| Change (%) | -0.65% | -0.53% | -0.28% | - | +0.05% | +0.27% | +1.24% |
| Change | -0.0097 | -0.0079 | -0.0042 | - | +0.0007 | +0.0040 | +0.0185 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | Major |
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 | 1.4778 | 1.4817 | 1.4851 | 1.4890 | 1.4924 | 1.4963 | 1.4997 |
| Camarilla | 1.4865 | 1.4872 | 1.4878 | 1.4885 | 1.4892 | 1.4898 | 1.4905 |
| Woodie | 1.4776 | 1.4816 | 1.4849 | 1.4889 | 1.4922 | 1.4962 | 1.4995 |
| Fibonacci | 1.4817 | 1.4845 | 1.4862 | 1.4890 | 1.4918 | 1.4935 | 1.4963 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4682 | 1.4728 | 1.4755 | 1.4801 | 1.4828 | 1.4874 | 1.4901 |
| Camarilla | 1.4762 | 1.4769 | 1.4775 | 1.4782 | 1.4789 | 1.4795 | 1.4802 |
| Woodie | 1.4673 | 1.4723 | 1.4746 | 1.4796 | 1.4819 | 1.4869 | 1.4892 |
| Fibonacci | 1.4728 | 1.4756 | 1.4773 | 1.4801 | 1.4829 | 1.4846 | 1.4874 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4412 | 1.4527 | 1.4654 | 1.4769 | 1.4896 | 1.5011 | 1.5138 |
| Camarilla | 1.4716 | 1.4738 | 1.4760 | 1.4782 | 1.4804 | 1.4826 | 1.4849 |
| Woodie | 1.4419 | 1.4530 | 1.4661 | 1.4772 | 1.4903 | 1.5014 | 1.5145 |
| Fibonacci | 1.4527 | 1.4619 | 1.4676 | 1.4769 | 1.4861 | 1.4918 | 1.5011 |
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): | 50.52 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 7.1625 | |
| AROON (14): | 7.1428 | |
| DEMA (21): | 1.4896 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4879 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 1.4865 | |
| Zig ZAG (10): | 1.4891 | |
| VORTEX (21): | 1.0185 | |
| Stochastique (14,3,5): | 30.56 | |
| TEMA (21): | 1.4895 | |
| Williams %R (14): | -70.83 | |
| Chande Momentum Oscillator (20): | 0.0002 | |
| Repulse (5,40,3): | -0.0659 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0030 | |
| Courbe Coppock: | 0.07 |
| MA7: | 1.4849 | |
| MA20: | 1.4814 | |
| MA50: | 1.4731 | |
| MA100: | 1.4683 | |
| MAexp7: | 1.4894 | |
| MAexp20: | 1.4892 | |
| MAexp50: | 1.4883 | |
| MAexp100: | 1.4867 | |
| Price / MA7: | +0.27% | |
| Price / MA20: | +0.51% | |
| Price / MA50: | +1.07% | |
| Price / MA100: | +1.40% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.15% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on EUR/CAD. At the time of publication of this analysis, the latest news was as follows:
-
EUR/CAD Forecast June 4, 2024
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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
-
EUR/CAD Bullish Breakthrough
This member declared not having a position on this financial instrument or a related financial instrument.
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