EUR/CAD - 1H - Technical analysis published on 06/07/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
22%
22%
56%
My opinion
Bullish above 1.4847 CAD
My targets
1.4929 CAD (+0.0043)
1.5074 CAD (+0.0188)
My analysis
The basic trend is bullish on EUR/CAD and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 1.4847 CAD. Sellers would then use the next support located at 1.4810 CAD as an objective. Crossing it would then enable sellers to target 1.4770 CAD. If there is a return to above the resistance located at 1.4929 CAD, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 1.5074 CAD and 1.5445 CAD by extension.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
1.4
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Additional analysis
Quotes
The EUR/CAD price is 1.4886 CAD. On the day, this instrument lost -0.01% and was traded between 1.4881 CAD and 1.4897 CAD over the period. The price is currently at +0.03% from its lowest and -0.07% from its highest.1.4881
1.4897
1.4886
Here is a more detailed summary of the historical variations registered by EUR/CAD:
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
A technical analysis in 1H of this EUR/CAD chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 10 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4810 | 1.4847 | 1.4876 | 1.4886 | 1.4897 | 1.4929 | 1.5074 |
| Change (%) | -0.51% | -0.26% | -0.07% | - | +0.07% | +0.29% | +1.26% |
| Change | -0.0076 | -0.0039 | -0.0010 | - | +0.0011 | +0.0043 | +0.0188 |
| Level | Minor | Intermediate | Minor | - | 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 | 1.4819 | 1.4848 | 1.4867 | 1.4896 | 1.4915 | 1.4944 | 1.4963 |
| Camarilla | 1.4874 | 1.4878 | 1.4883 | 1.4887 | 1.4891 | 1.4896 | 1.4900 |
| Woodie | 1.4815 | 1.4846 | 1.4863 | 1.4894 | 1.4911 | 1.4942 | 1.4959 |
| Fibonacci | 1.4848 | 1.4866 | 1.4877 | 1.4896 | 1.4914 | 1.4925 | 1.4944 |
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): | 47.72 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -0.5636 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.4889 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4917 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 1.4865 | |
| Zig ZAG (10): | 1.4887 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 31.62 | |
| TEMA (21): | 1.4887 | |
| Williams %R (14): | -68.00 | |
| Chande Momentum Oscillator (20): | -0.0001 | |
| Repulse (5,40,3): | -0.0414 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0003 | |
| Courbe Coppock: | 0.07 |
| MA7: | 1.4859 | |
| MA20: | 1.4822 | |
| MA50: | 1.4737 | |
| MA100: | 1.4686 | |
| MAexp7: | 1.4889 | |
| MAexp20: | 1.4889 | |
| MAexp50: | 1.4885 | |
| MAexp100: | 1.4872 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | +0.43% | |
| Price / MA50: | +1.01% | |
| Price / MA100: | +1.36% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.09% |
Quotes :
-
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
-
Forex Analysis: EUR/USD, GBP/USD, EUR/CAD - Amana Capital
-
Why I'm looking to sell EURCAD: Coleman
-
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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