EUR/CAD

- CAD (-)

- Real time data - Forex

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Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Forex
Ticker:	EURCAD
ISIN:

EUR/CAD - 1H - Technical analysis published on 09/23/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 1.5105 CAD

My targets

1.5042 CAD (-0.0019)

1.4936 CAD (-0.0125)

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 1.5105 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.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

6.3

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

Additional analysis

Quotes

The EUR/CAD rating is 1.5061 CAD. On the day, this instrument lost -0.57% with the lowest point at 1.5049 CAD and the highest point at 1.5149 CAD. The deviation from the price is +0.08% for the low point and -0.58% for the high point.

1.5049

1.5149

1.5061

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 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

A technical analysis in 1H of this EUR/CAD chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. This 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.

Technical indicators are bearish. There is still some doubt about the decline in the price.
The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

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 : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.4907	1.4936	1.5042	1.5061	1.5074	1.5105	1.5152
Change (%)	-1.02%	-0.83%	-0.13%	-	+0.09%	+0.29%	+0.60%
Change	-0.0154	-0.0125	-0.0019	-	+0.0013	+0.0044	+0.0091
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	26.04
MACD (12,26,9):	-0.0014
Directional Movement:	-36.1839
AROON (14):	-92.8571
DEMA (21):	1.5104
Parabolic SAR (0,02-0,02-0,2):	1.5138
Elder Ray (13):	-0.0047
Super Trend (3,10):	1.5112
Zig ZAG (10):	1.5061
VORTEX (21):	0.7264
Stochastique (14,3,5):	7.69
TEMA (21):	1.5090
Williams %R (14):	-87.00
Chande Momentum Oscillator (20):	-0.0076
Repulse (5,40,3):	-0.2966
ROCnROLL:	2
TRIX (15,9):	-0.0038
Courbe Coppock:	0.51

MA7:	1.5108
MA20:	1.5025
MA50:	1.5029
MA100:	1.4900
MAexp7:	1.5094
MAexp20:	1.5118
MAexp50:	1.5126
MAexp100:	1.5117
Price / MA7:	-0.31%
Price / MA20:	+0.24%
Price / MA50:	+0.21%
Price / MA100:	+1.08%
Price / MAexp7:	-0.22%
Price / MAexp20:	-0.38%
Price / MAexp50:	-0.43%
Price / MAexp100:	-0.37%

Quotes : - Real time data - Forex

News

The latest news and videos published on EUR/CAD at the time of the analysis were as follows:

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

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