EUR/CAD - 1H - Technical analysis published on 06/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 1.4827 CAD
My targets
1.4876 CAD (+0.0029)
1.4897 CAD (+0.0050)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on EUR/CAD. This is a positive signal for buyers. As long as the price remains above 1.4827 CAD, a purchase could be considered. The first bullish objective is located at 1.4876 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.4897 CAD as an objective. Crossing it would then enable buyers to target 1.4929 CAD. In the event of a return below 1.4827 CAD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
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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 rating is 1.4847 CAD. The price has increased by +0.07% since the last closing and was traded between 1.4835 CAD and 1.4851 CAD over the period. The price is currently at +0.08% from its lowest and -0.03% from its highest.1.4835
1.4851
1.4847
Here is a more detailed summary of the historical variations registered by EUR/CAD:
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
A technical analysis in 1H of this EUR/CAD chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
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:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4795 | 1.4827 | 1.4847 | 1.4847 | 1.4876 | 1.4897 | 1.4929 |
| Change (%) | -0.35% | -0.13% | 0% | - | +0.20% | +0.34% | +0.55% |
| Change | -0.0052 | -0.0020 | 0 | - | +0.0029 | +0.0050 | +0.0082 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4681 | 1.4723 | 1.4779 | 1.4821 | 1.4877 | 1.4919 | 1.4975 |
| Camarilla | 1.4809 | 1.4818 | 1.4827 | 1.4836 | 1.4845 | 1.4854 | 1.4863 |
| Woodie | 1.4689 | 1.4727 | 1.4787 | 1.4825 | 1.4885 | 1.4923 | 1.4983 |
| Fibonacci | 1.4723 | 1.4760 | 1.4783 | 1.4821 | 1.4858 | 1.4881 | 1.4919 |
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): | 66.49 | |
| MACD (12,26,9): | 0.0014 | |
| Directional Movement: | 18.0158 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 1.4846 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4853 | |
| Elder Ray (13): | 0.0013 | |
| Super Trend (3,10): | 1.4813 | |
| Zig ZAG (10): | 1.4848 | |
| VORTEX (21): | 1.2587 | |
| Stochastique (14,3,5): | 73.53 | |
| TEMA (21): | 1.4855 | |
| Williams %R (14): | -29.17 | |
| Chande Momentum Oscillator (20): | 0.0003 | |
| Repulse (5,40,3): | 0.0359 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0139 | |
| Courbe Coppock: | 0.42 |
| MA7: | 1.4844 | |
| MA20: | 1.4828 | |
| MA50: | 1.4751 | |
| MA100: | 1.4692 | |
| MAexp7: | 1.4843 | |
| MAexp20: | 1.4828 | |
| MAexp50: | 1.4815 | |
| MAexp100: | 1.4820 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | +0.13% | |
| Price / MA50: | +0.65% | |
| Price / MA100: | +1.05% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +0.19% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on EUR/CAD at the time of the analysis were as follows:
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EUR/CAD Forecast June 4, 2024
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Forex Analysis: EUR/USD, GBP/USD, EUR/CAD - Amana Capital
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Why I'm looking to sell EURCAD: Coleman
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EUR/CAD To Hold Steady
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This member declared not having a position on this financial instrument or a related financial instrument.
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