EUR/CAD - 15 min. - Technical analysis published on 09/23/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 1.5088 CAD
My targets
1.5042 CAD (-0.0020)
1.4936 CAD (-0.0126)
My analysis
EUR/CAD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.5088 CAD. The next support located at 1.5042 CAD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.4936 CAD. Below this support, sellers could then target 1.4907 CAD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
7.3
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This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/CAD rating is 1.5062 CAD. The price is lower by -0.57% since the last closing and was traded between 1.5049 CAD and 1.5149 CAD over the period. The price is currently at +0.09% from its lowest and -0.57% from its highest.1.5049
1.5149
1.5062
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of EUR/CAD indicates that the overall trend is strongly bearish. 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.
In fact, 10 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
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 horizontal support
Type : Bullish
Timeframe : 15 minutes
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4907 | 1.4936 | 1.5042 | 1.5062 | 1.5074 | 1.5105 | 1.5152 |
| Change (%) | -1.03% | -0.84% | -0.13% | - | +0.08% | +0.29% | +0.60% |
| Change | -0.0155 | -0.0126 | -0.0020 | - | +0.0012 | +0.0043 | +0.0090 |
| Level | Minor | Intermediate | Minor | - | Major | Major | 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 | 1.5088 | 1.5106 | 1.5127 | 1.5145 | 1.5166 | 1.5184 | 1.5205 |
| Camarilla | 1.5137 | 1.5141 | 1.5144 | 1.5148 | 1.5152 | 1.5155 | 1.5159 |
| Woodie | 1.5090 | 1.5107 | 1.5129 | 1.5146 | 1.5168 | 1.5185 | 1.5207 |
| Fibonacci | 1.5106 | 1.5121 | 1.5130 | 1.5145 | 1.5160 | 1.5169 | 1.5184 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4961 | 1.5005 | 1.5076 | 1.5120 | 1.5191 | 1.5235 | 1.5306 |
| Camarilla | 1.5116 | 1.5127 | 1.5138 | 1.5148 | 1.5159 | 1.5169 | 1.5180 |
| Woodie | 1.4976 | 1.5012 | 1.5091 | 1.5127 | 1.5206 | 1.5242 | 1.5321 |
| Fibonacci | 1.5005 | 1.5049 | 1.5076 | 1.5120 | 1.5164 | 1.5191 | 1.5235 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 27.83 | |
| MACD (12,26,9): | -0.0021 | |
| Directional Movement: | -22.0421 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.5066 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5074 | |
| Elder Ray (13): | -0.0014 | |
| Super Trend (3,10): | 1.5087 | |
| Zig ZAG (10): | 1.5065 | |
| VORTEX (21): | 0.6422 | |
| Stochastique (14,3,5): | 15.99 | |
| TEMA (21): | 1.5053 | |
| Williams %R (14): | -83.15 | |
| Chande Momentum Oscillator (20): | -0.0068 | |
| Repulse (5,40,3): | -0.0021 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0154 | |
| Courbe Coppock: | 0.95 |
| MA7: | 1.5108 | |
| MA20: | 1.5025 | |
| MA50: | 1.5029 | |
| MA100: | 1.4900 | |
| MAexp7: | 1.5067 | |
| MAexp20: | 1.5091 | |
| MAexp50: | 1.5114 | |
| MAexp100: | 1.5124 | |
| Price / MA7: | -0.30% | |
| Price / MA20: | +0.25% | |
| Price / MA50: | +0.22% | |
| Price / MA100: | +1.09% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | -0.34% | |
| Price / MAexp100: | -0.41% |
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:
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EUR/CAD Forecast August 22, 2024
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EUR/CAD Forecast August 5, 2024
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EUR/CAD Forecast July 11, 2024
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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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