EUR/CAD - 1H - Technical analysis published on 06/11/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 1.4847 CAD
My targets
1.4782 CAD (-0.0035)
1.4755 CAD (-0.0062)
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 under the resistance located at 1.4847 CAD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.4782 CAD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.4755 CAD as an objective. Crossing it would then enable sellers to target 1.4624 CAD. If the resistance 1.4847 CAD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.9
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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 1.4817 CAD. On the day, this instrument gained +0.04% and was between 1.4810 CAD and 1.4827 CAD. This implies that the price is at +0.05% from its lowest and at -0.07% from its highest.1.4810
1.4827
1.4817
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/CAD in 1H shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 1.4770 | 1.4782 | 1.4815 | 1.4817 | 1.4847 | 1.4897 | 1.4929 |
| Change (%) | -0.32% | -0.24% | -0.01% | - | +0.20% | +0.54% | +0.76% |
| Change | -0.0047 | -0.0035 | -0.0002 | - | +0.0030 | +0.0080 | +0.0112 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Minor | Minor |
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 | 1.4716 | 1.4749 | 1.4780 | 1.4813 | 1.4844 | 1.4877 | 1.4908 |
| Camarilla | 1.4793 | 1.4799 | 1.4805 | 1.4811 | 1.4817 | 1.4823 | 1.4829 |
| Woodie | 1.4715 | 1.4749 | 1.4779 | 1.4813 | 1.4843 | 1.4877 | 1.4907 |
| Fibonacci | 1.4749 | 1.4773 | 1.4789 | 1.4813 | 1.4837 | 1.4853 | 1.4877 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4623 | 1.4697 | 1.4782 | 1.4856 | 1.4941 | 1.5015 | 1.5100 |
| Camarilla | 1.4824 | 1.4839 | 1.4853 | 1.4868 | 1.4883 | 1.4897 | 1.4912 |
| Woodie | 1.4630 | 1.4700 | 1.4789 | 1.4859 | 1.4948 | 1.5018 | 1.5107 |
| Fibonacci | 1.4697 | 1.4757 | 1.4795 | 1.4856 | 1.4916 | 1.4954 | 1.5015 |
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.10 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -0.1584 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 1.4811 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4797 | |
| Elder Ray (13): | 0.0005 | |
| Super Trend (3,10): | 1.4831 | |
| Zig ZAG (10): | 1.4818 | |
| VORTEX (21): | 1.0090 | |
| Stochastique (14,3,5): | 88.02 | |
| TEMA (21): | 1.4821 | |
| Williams %R (14): | -22.50 | |
| Chande Momentum Oscillator (20): | 0.0013 | |
| Repulse (5,40,3): | -0.0285 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0051 | |
| Courbe Coppock: | 0.31 |
| MA7: | 1.4859 | |
| MA20: | 1.4827 | |
| MA50: | 1.4745 | |
| MA100: | 1.4689 | |
| MAexp7: | 1.4818 | |
| MAexp20: | 1.4815 | |
| MAexp50: | 1.4829 | |
| MAexp100: | 1.4842 | |
| Price / MA7: | -0.28% | |
| Price / MA20: | -0.07% | |
| Price / MA50: | +0.49% | |
| Price / MA100: | +0.87% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -0.17% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/CAD at the time of the generation of this analysis 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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