EUR/CAD

- CAD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURCAD
ISIN:

EUR/CAD - 1H - Technical analysis published on 09/04/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 1.4949 CAD

My targets

1.4989 CAD (+0.0023)

1.5040 CAD (+0.0074)

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 1.4949 CAD, a purchase could be considered. The first bullish objective is located at 1.4989 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.5040 CAD as an objective. Crossing it would then enable buyers to target 1.5074 CAD. In the event of a return below 1.4949 CAD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

6.1

Comment on the analysis

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 chin. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EUR/CAD rating 1.4966 CAD. The price registered an increase of +0.01% on the session with the lowest point at 1.4961 CAD and the highest point at 1.4977 CAD. The deviation from the price is +0.03% for the low point and -0.07% for the high point.

1.4961

1.4977

1.4966

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

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 bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are bullish. There is still some doubt about the price increase.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.4887	1.4917	1.4949	1.4966	1.4989	1.5040	1.5074
Change (%)	-0.53%	-0.33%	-0.11%	-	+0.15%	+0.49%	+0.72%
Change	-0.0079	-0.0049	-0.0017	-	+0.0023	+0.0074	+0.0108
Level	Intermediate	Intermediate	Minor	-	Intermediate	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4846	1.4881	1.4923	1.4958	1.5000	1.5035	1.5077
Camarilla	1.4943	1.4950	1.4957	1.4964	1.4971	1.4978	1.4985
Woodie	1.4849	1.4883	1.4926	1.4960	1.5003	1.5037	1.5080
Fibonacci	1.4881	1.4911	1.4929	1.4958	1.4988	1.5006	1.5035

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4588	1.4738	1.4823	1.4973	1.5058	1.5208	1.5293
Camarilla	1.4842	1.4864	1.4886	1.4907	1.4929	1.4950	1.4972
Woodie	1.4555	1.4722	1.4790	1.4957	1.5025	1.5192	1.5260
Fibonacci	1.4738	1.4828	1.4884	1.4973	1.5063	1.5119	1.5208

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4449	1.4669	1.4788	1.5008	1.5127	1.5347	1.5466
Camarilla	1.4814	1.4845	1.4876	1.4907	1.4938	1.4969	1.5000
Woodie	1.4399	1.4644	1.4738	1.4983	1.5077	1.5322	1.5416
Fibonacci	1.4669	1.4799	1.4879	1.5008	1.5138	1.5218	1.5347

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):	54.78
MACD (12,26,9):	0.0006
Directional Movement:	12.3470
AROON (14):	50.0000
DEMA (21):	1.4968
Parabolic SAR (0,02-0,02-0,2):	1.4961
Elder Ray (13):	0.0003
Super Trend (3,10):	1.4936
Zig ZAG (10):	1.4965
VORTEX (21):	1.1336
Stochastique (14,3,5):	54.75
TEMA (21):	1.4968
Williams %R (14):	-36.36
Chande Momentum Oscillator (20):	0.0019
Repulse (5,40,3):	0.0025
ROCnROLL:	1
TRIX (15,9):	0.0062
Courbe Coppock:	0.12

MA7:	1.4963
MA20:	1.5039
MA50:	1.4951
MA100:	1.4848
MAexp7:	1.4965
MAexp20:	1.4960
MAexp50:	1.4951
MAexp100:	1.4958
Price / MA7:	+0.02%
Price / MA20:	-0.49%
Price / MA50:	+0.10%
Price / MA100:	+0.79%
Price / MAexp7:	+0.01%
Price / MAexp20:	+0.04%
Price / MAexp50:	+0.10%
Price / MAexp100:	+0.05%

Quotes : - Real time data - 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:

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

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