EUR/CAD

- CAD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	EURCAD
ISIN:

EUR/CAD - 15 min. - Technical analysis published on 10/31/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

44%

17%

39%

My opinion

Bullish above 1.5091 CAD

My targets

1.5130 CAD (+0.0027)

1.5157 CAD (+0.0054)

My analysis

The bullish trend is currently very strong on EUR/CAD. As long as the price remains above the support at 1.5091 CAD, you could try to benefit from the boom. The first bullish objective is located at 1.5130 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.5157 CAD as an objective. Crossing it would then enable buyers to target 1.5196 CAD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

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

Additional analysis

Quotes

EUR/CAD rating 1.5103 CAD. The price has increased by +0.01% since the last closing and was between 1.5089 CAD and 1.5106 CAD. This implies that the price is at +0.09% from its lowest and at -0.02% from its highest.

1.5089

1.5106

1.5103

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 for higher/lower results shows the following items:

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 EUR/CAD in 15 min. shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes

In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

Near resistance of channel

Type : Bearish

Timeframe : 15 minutes

Near resistance of triangle

Type : Bearish

Timeframe : 15 minutes

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.4986	1.5045	1.5074	1.5103	1.5119	1.5151	1.5909
Change (%)	-0.77%	-0.38%	-0.19%	-	+0.11%	+0.32%	+5.34%
Change	-0.0117	-0.0058	-0.0029	-	+0.0016	+0.0048	+0.0806
Level	Intermediate	Intermediate	Major	-	Intermediate	Intermediate	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4998	1.5025	1.5064	1.5091	1.5130	1.5157	1.5196
Camarilla	1.5084	1.5090	1.5096	1.5102	1.5108	1.5114	1.5120
Woodie	1.5003	1.5028	1.5069	1.5094	1.5135	1.5160	1.5201
Fibonacci	1.5025	1.5051	1.5066	1.5091	1.5117	1.5132	1.5157

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4776	1.4831	1.4914	1.4969	1.5052	1.5107	1.5190
Camarilla	1.4958	1.4971	1.4983	1.4996	1.5009	1.5021	1.5034
Woodie	1.4789	1.4838	1.4927	1.4976	1.5065	1.5114	1.5203
Fibonacci	1.4831	1.4884	1.4917	1.4969	1.5022	1.5055	1.5107

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	52.89
MACD (12,26,9):	0.0000
Directional Movement:	2.6504
AROON (14):	71.4285
DEMA (21):	1.5099
Parabolic SAR (0,02-0,02-0,2):	1.5093
Elder Ray (13):	0.0001
Super Trend (3,10):	1.5088
Zig ZAG (10):	1.5099
VORTEX (21):	1.0825
Stochastique (14,3,5):	48.15
TEMA (21):	1.5099
Williams %R (14):	-60.00
Chande Momentum Oscillator (20):	0.0002
Repulse (5,40,3):	-0.0213
ROCnROLL:	1
TRIX (15,9):	0.0002
Courbe Coppock:	0.02

MA7:	1.5027
MA20:	1.4995
MA50:	1.5012
MA100:	1.4953
MAexp7:	1.5099
MAexp20:	1.5099
MAexp50:	1.5097
MAexp100:	1.5089
Price / MA7:	+0.51%
Price / MA20:	+0.72%
Price / MA50:	+0.61%
Price / MA100:	+1.00%
Price / MAexp7:	+0.03%
Price / MAexp20:	+0.03%
Price / MAexp50:	+0.04%
Price / MAexp100:	+0.09%

Quotes : - Real time data - Forex

News

The last news published on EUR/CAD at the time of the generation of this analysis was as follows:

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

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