EUR/CAD - 1H - Technical analysis published on 10/22/2024 (GMT)
- 98
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
22%
44%
33%
My opinion
Neutral between 1.4944 CAD and 1.5006 CAD
My targets
-
My analysis
A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 1.4944 CAD. The first resistance is located at 1.5006 CAD. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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 shadybhai. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/CAD rating is 1.4979 CAD. On the day, this instrument gained +0.12% and was traded between 1.4958 CAD and 1.4986 CAD over the period. The price is currently at +0.14% from its lowest and -0.05% from its highest.1.4958
1.4986
1.4979
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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
Technical analysis of this 1H chart of EUR/CAD indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4890 | 1.4929 | 1.4944 | 1.4979 | 1.4985 | 1.5006 | 1.5031 |
| Change (%) | -0.59% | -0.33% | -0.23% | - | +0.04% | +0.18% | +0.35% |
| Change | -0.0089 | -0.0050 | -0.0035 | - | +0.0006 | +0.0027 | +0.0052 |
| Level | Major | Minor | Minor | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4887 | 1.4920 | 1.4941 | 1.4974 | 1.4995 | 1.5028 | 1.5049 |
| Camarilla | 1.4946 | 1.4951 | 1.4956 | 1.4961 | 1.4966 | 1.4971 | 1.4976 |
| Woodie | 1.4880 | 1.4917 | 1.4934 | 1.4971 | 1.4988 | 1.5025 | 1.5042 |
| Fibonacci | 1.4920 | 1.4941 | 1.4954 | 1.4974 | 1.4995 | 1.5008 | 1.5028 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4702 | 1.4802 | 1.4897 | 1.4997 | 1.5092 | 1.5192 | 1.5287 |
| Camarilla | 1.4939 | 1.4957 | 1.4975 | 1.4993 | 1.5011 | 1.5029 | 1.5047 |
| Woodie | 1.4701 | 1.4801 | 1.4896 | 1.4996 | 1.5091 | 1.5191 | 1.5286 |
| Fibonacci | 1.4802 | 1.4876 | 1.4922 | 1.4997 | 1.5071 | 1.5117 | 1.5192 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4641 | 1.4766 | 1.4914 | 1.5039 | 1.5187 | 1.5312 | 1.5460 |
| Camarilla | 1.4988 | 1.5013 | 1.5038 | 1.5063 | 1.5088 | 1.5113 | 1.5138 |
| Woodie | 1.4654 | 1.4772 | 1.4927 | 1.5045 | 1.5200 | 1.5318 | 1.5473 |
| Fibonacci | 1.4766 | 1.4870 | 1.4934 | 1.5039 | 1.5143 | 1.5207 | 1.5312 |
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): | 38.29 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | -9.8307 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 1.4962 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4954 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 1.4985 | |
| Zig ZAG (10): | 1.4963 | |
| VORTEX (21): | 0.8396 | |
| Stochastique (14,3,5): | 26.79 | |
| TEMA (21): | 1.4956 | |
| Williams %R (14): | -71.43 | |
| Chande Momentum Oscillator (20): | -0.0003 | |
| Repulse (5,40,3): | -0.0339 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0062 | |
| Courbe Coppock: | 0.27 |
| MA7: | 1.4978 | |
| MA20: | 1.4989 | |
| MA50: | 1.5025 | |
| MA100: | 1.4940 | |
| MAexp7: | 1.4963 | |
| MAexp20: | 1.4969 | |
| MAexp50: | 1.4974 | |
| MAexp100: | 1.4979 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | -0.07% | |
| Price / MA50: | -0.31% | |
| Price / MA100: | +0.26% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | -0% |
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:
-
EUR/CAD Forecast August 22, 2024
-
EUR/CAD Forecast August 5, 2024
-
EUR/CAD Forecast July 11, 2024
-
EUR/CAD Forecast June 4, 2024
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Forex Analysis: EUR/USD, GBP/USD, EUR/CAD - Amana Capital
This member declared not having a position on this financial instrument or a related financial instrument.
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