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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 06/10/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 1.4847 CAD
My targets
1.4770 CAD (-0.0041)
1.4755 CAD (-0.0056)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.4847 CAD remains possible. It is advisable to trade EUR/CAD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.4847 CAD. The next bearish objective for sellers is set at 1.4770 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.4755 CAD. In case of crossing, the next objective would be the support located at 1.4624 CAD. PS: if there is a bullish break in the resistance located at 1.4847 CAD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2

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.

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

Additional analysis

Quotes

The EUR/CAD price is 1.4811 CAD. On the day, this instrument lost -0.38% with the lowest point at 1.4782 CAD and the highest point at 1.4846 CAD. The deviation from the price is +0.20% for the low point and -0.24% for the high point.

1.4782
1.4846
1.4811

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of EUR/CAD in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a slightly bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

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 1.4755 1.4770 1.4808 1.4811 1.4847 1.4867 1.4897
Change (%) -0.38% -0.28% -0.02% - +0.24% +0.38% +0.58%
Change -0.0056 -0.0041 -0.0003 - +0.0036 +0.0056 +0.0086
Level Intermediate Intermediate Minor - Intermediate Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.47731.48091.48381.48741.49031.49391.4968
Camarilla1.48501.48561.48621.48681.48741.48801.4886
Woodie1.47711.48071.48361.48721.49011.49371.4966
Fibonacci1.48091.48341.48491.48741.48991.49141.4939


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.46231.46971.47821.48561.49411.50151.5100
Camarilla1.48241.48391.48531.48681.48831.48971.4912
Woodie1.46301.47001.47891.48591.49481.50181.5107
Fibonacci1.46971.47571.47951.48561.49161.49541.5015


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.44121.45271.46541.47691.48961.50111.5138
Camarilla1.47161.47381.47601.47821.48041.48261.4849
Woodie1.44191.45301.46611.47721.49031.50141.5145
Fibonacci1.45271.46191.46761.47691.48611.49181.5011

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): 47.54
MACD (12,26,9): -0.0009
Directional Movement: -8.2860
AROON (14): -50.0000
DEMA (21): 1.4795
Parabolic SAR (0,02-0,02-0,2): 1.4815
Elder Ray (13): 0.0002
Super Trend (3,10): 1.4831
Zig ZAG (10): 1.4809
VORTEX (21): 0.9075
Stochastique (14,3,5): 62.32
TEMA (21): 1.4799
Williams %R (14): -39.13
Chande Momentum Oscillator (20): 0.0006
Repulse (5,40,3): 0.0315
ROCnROLL: -1
TRIX (15,9): -0.0142
Courbe Coppock: 0.06
MA7: 1.4854
MA20: 1.4824
MA50: 1.4741
MA100: 1.4687
MAexp7: 1.4806
MAexp20: 1.4810
MAexp50: 1.4833
MAexp100: 1.4846
Price / MA7: -0.29%
Price / MA20: -0.09%
Price / MA50: +0.47%
Price / MA100: +0.84%
Price / MAexp7: +0.03%
Price / MAexp20: +0.01%
Price / MAexp50: -0.15%
Price / MAexp100: -0.24%

Quotes : - Real time data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia
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