EUR/CAD

- CAD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURCAD
ISIN:

EUR/CAD - 1H - Technical analysis published on 12/05/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 1.4783 CAD

My targets

1.4825 CAD (+0.0017)

1.4860 CAD (+0.0052)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/CAD as long as the price remains well above 1.4783 CAD. The buyers' bullish objective is set at 1.4825 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.4860 CAD. If there is any crossing, the next objective would be the resistance located at 1.4890 CAD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.4

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

EUR/CAD rating 1.4808 CAD. On the day, this instrument gained +0.11% and was traded between 1.4787 CAD and 1.4813 CAD over the period. The price is currently at +0.14% from its lowest and -0.03% from its highest.

1.4787

1.4813

1.4808

Here is a more detailed summary of the historical variations registered by EUR/CAD:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this EUR/CAD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.4693	1.4723	1.4783	1.4808	1.4825	1.4860	1.4890
Change (%)	-0.78%	-0.57%	-0.17%	-	+0.11%	+0.35%	+0.55%
Change	-0.0115	-0.0085	-0.0025	-	+0.0017	+0.0052	+0.0082
Level	Minor	Major	Intermediate	-	Intermediate	Minor	Intermediate

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	1.4649	1.4693	1.4743	1.4787	1.4837	1.4881	1.4931
Camarilla	1.4766	1.4775	1.4783	1.4792	1.4801	1.4809	1.4818
Woodie	1.4651	1.4695	1.4745	1.4789	1.4839	1.4883	1.4933
Fibonacci	1.4693	1.4729	1.4751	1.4787	1.4823	1.4845	1.4881

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4383	1.4488	1.4650	1.4755	1.4917	1.5022	1.5184
Camarilla	1.4739	1.4763	1.4788	1.4812	1.4837	1.4861	1.4885
Woodie	1.4412	1.4502	1.4679	1.4769	1.4946	1.5036	1.5213
Fibonacci	1.4488	1.4590	1.4653	1.4755	1.4857	1.4920	1.5022

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3793	1.4141	1.4476	1.4824	1.5159	1.5507	1.5842
Camarilla	1.4624	1.4687	1.4749	1.4812	1.4875	1.4937	1.5000
Woodie	1.3788	1.4138	1.4471	1.4821	1.5154	1.5504	1.5837
Fibonacci	1.4141	1.4402	1.4563	1.4824	1.5085	1.5246	1.5507

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):	60.14
MACD (12,26,9):	0.0007
Directional Movement:	7.3820
AROON (14):	14.2857
DEMA (21):	1.4802
Parabolic SAR (0,02-0,02-0,2):	1.4789
Elder Ray (13):	0.0010
Super Trend (3,10):	1.4760
Zig ZAG (10):	1.4808
VORTEX (21):	1.0935
Stochastique (14,3,5):	61.11
TEMA (21):	1.4804
Williams %R (14):	-42.11
Chande Momentum Oscillator (20):	-0.0016
Repulse (5,40,3):	0.0639
ROCnROLL:	1
TRIX (15,9):	0.0059
Courbe Coppock:	0.26

MA7:	1.4793
MA20:	1.4780
MA50:	1.4917
MA100:	1.4975
MAexp7:	1.4800
MAexp20:	1.4793
MAexp50:	1.4783
MAexp100:	1.4774
Price / MA7:	+0.10%
Price / MA20:	+0.19%
Price / MA50:	-0.73%
Price / MA100:	-1.12%
Price / MAexp7:	+0.05%
Price / MAexp20:	+0.10%
Price / MAexp50:	+0.17%
Price / MAexp100:	+0.23%

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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