EUR/CAD
EUR CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: EURCAD
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EUR/CAD - 1H - Technical analysis published on 06/11/2024 (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
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:
15 min. Daily Weekly

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

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. 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:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard1.47161.47491.47801.48131.48441.48771.4908
Camarilla1.47931.47991.48051.48111.48171.48231.4829
Woodie1.47151.47491.47791.48131.48431.48771.4907
Fibonacci1.47491.47731.47891.48131.48371.48531.4877


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 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 : - Real time data - Forex

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

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