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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
78%
17%
My opinion
Bearish under 1.4815 CAD
My targets
1.4770 CAD (-0.0013)
1.4755 CAD (-0.0028)
My analysis
The bearish trend is currently very strong for EUR/CAD. As long as the price remains below the resistance at 1.4815 CAD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.4770 CAD. The bearish momentum would be revived by a break in this support. 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. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.4
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Additional analysis
Quotes
The EUR/CAD rating is 1.4783 CAD. On the day, this instrument lost -0.19% and was between 1.4768 CAD and 1.4827 CAD. This implies that the price is at +0.10% from its lowest and at -0.30% from its highest.1.4768
1.4827
1.4783
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 a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Horizontal support 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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4755 | 1.4770 | 1.4782 | 1.4783 | 1.4815 | 1.4847 | 1.4897 |
| Change (%) | -0.19% | -0.09% | -0.01% | - | +0.22% | +0.43% | +0.77% |
| Change | -0.0028 | -0.0013 | -0.0001 | - | +0.0032 | +0.0064 | +0.0114 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 32.03 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | -18.9150 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.4791 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4815 | |
| Elder Ray (13): | -0.0020 | |
| Super Trend (3,10): | 1.4820 | |
| Zig ZAG (10): | 1.4771 | |
| VORTEX (21): | 0.9286 | |
| Stochastique (14,3,5): | 8.46 | |
| TEMA (21): | 1.4790 | |
| Williams %R (14): | -98.25 | |
| Chande Momentum Oscillator (20): | -0.0049 | |
| Repulse (5,40,3): | -0.1795 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0046 | |
| Courbe Coppock: | 0.28 |
| MA7: | 1.4853 | |
| MA20: | 1.4825 | |
| MA50: | 1.4744 | |
| MA100: | 1.4689 | |
| MAexp7: | 1.4789 | |
| MAexp20: | 1.4803 | |
| MAexp50: | 1.4819 | |
| MAexp100: | 1.4835 | |
| Price / MA7: | -0.47% | |
| Price / MA20: | -0.28% | |
| Price / MA50: | +0.26% | |
| Price / MA100: | +0.64% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.24% | |
| Price / MAexp100: | -0.35% |
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
-
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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