EUR/CAD - 1H - Technical analysis published on 06/11/2024 (GMT)
- 145
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 1.4815 CAD
My targets
1.4755 CAD (-0.0022)
1.4624 CAD (-0.0153)
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 1.4755 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.4624 CAD as an objective. Crossing it would then enable sellers to target 1.4187 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7
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.
This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/CAD rating 1.4777 CAD. On the day, this instrument lost -0.23% with the lowest point at 1.4763 CAD and the highest point at 1.4827 CAD. The deviation from the price is +0.09% for the low point and -0.34% for the high point.1.4763
1.4827
1.4777
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 this 1H chart of EUR/CAD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
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 horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4624 | 1.4755 | 1.4770 | 1.4777 | 1.4782 | 1.4815 | 1.4847 |
| Change (%) | -1.04% | -0.15% | -0.05% | - | +0.03% | +0.26% | +0.47% |
| Change | -0.0153 | -0.0022 | -0.0007 | - | +0.0005 | +0.0038 | +0.0070 |
| Level | Major | Intermediate | Intermediate | - | Minor | Minor | Intermediate |
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): | 37.91 | |
| MACD (12,26,9): | -0.0011 | |
| Directional Movement: | -9.5021 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 1.4775 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4782 | |
| Elder Ray (13): | -0.0009 | |
| Super Trend (3,10): | 1.4811 | |
| Zig ZAG (10): | 1.4777 | |
| VORTEX (21): | 0.8545 | |
| Stochastique (14,3,5): | 19.13 | |
| TEMA (21): | 1.4772 | |
| Williams %R (14): | -78.69 | |
| Chande Momentum Oscillator (20): | -0.0018 | |
| Repulse (5,40,3): | -0.0047 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0090 | |
| Courbe Coppock: | 0.54 |
| MA7: | 1.4854 | |
| MA20: | 1.4825 | |
| MA50: | 1.4744 | |
| MA100: | 1.4689 | |
| MAexp7: | 1.4778 | |
| MAexp20: | 1.4789 | |
| MAexp50: | 1.4809 | |
| MAexp100: | 1.4827 | |
| Price / MA7: | -0.52% | |
| Price / MA20: | -0.32% | |
| Price / MA50: | +0.22% | |
| Price / MA100: | +0.60% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.34% |
Quotes :
-
Real time data
-
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/CAD - 1H