EUR/CAD

- CAD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	EURCAD
ISIN:

EUR/CAD - 1H - Technical analysis published on 12/09/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 1.4890 CAD

My targets

1.5074 CAD (+0.0117)

1.5151 CAD (+0.0194)

My analysis

EUR/CAD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.4890 CAD. The next resistance located at 1.5074 CAD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.5151 CAD. After this resistance, buyers could then target 1.5909 CAD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

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

Additional analysis

Quotes

The EUR/CAD price is 1.4957 CAD. On the day, this instrument lost -0.05% and was between 1.4899 CAD and 1.4968 CAD. This implies that the price is at +0.39% from its lowest and at -0.07% from its highest.

1.4899

1.4968

1.4957

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 study of the highest / lowest by the Central Records scanner shows the following results:

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 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.4860	1.4890	1.4955	1.4957	1.5074	1.5151	1.5909
Change (%)	-0.65%	-0.45%	-0.01%	-	+0.78%	+1.30%	+6.36%
Change	-0.0097	-0.0067	-0.0002	-	+0.0117	+0.0194	+0.0952
Level	Intermediate	Major	Minor	-	Major	Major	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	1.4744	1.4789	1.4876	1.4921	1.5008	1.5053	1.5140
Camarilla	1.4928	1.4940	1.4952	1.4964	1.4976	1.4988	1.5000
Woodie	1.4766	1.4800	1.4898	1.4932	1.5030	1.5064	1.5162
Fibonacci	1.4789	1.4839	1.4870	1.4921	1.4971	1.5002	1.5053

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4561	1.4642	1.4803	1.4884	1.5045	1.5126	1.5287
Camarilla	1.4898	1.4920	1.4942	1.4964	1.4986	1.5008	1.5031
Woodie	1.4601	1.4662	1.4843	1.4904	1.5085	1.5146	1.5327
Fibonacci	1.4642	1.4734	1.4792	1.4884	1.4976	1.5034	1.5126

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

Technical indicators

Moving averages

RSI (14):	59.66
MACD (12,26,9):	0.0009
Directional Movement:	11.5374
AROON (14):	-21.4285
DEMA (21):	1.4954
Parabolic SAR (0,02-0,02-0,2):	1.4909
Elder Ray (13):	0.0013
Super Trend (3,10):	1.4910
Zig ZAG (10):	1.4959
VORTEX (21):	1.0696
Stochastique (14,3,5):	93.55
TEMA (21):	1.4949
Williams %R (14):	-4.84
Chande Momentum Oscillator (20):	0.0021
Repulse (5,40,3):	0.0757
ROCnROLL:	1
TRIX (15,9):	0.0081
Courbe Coppock:	0.12

MA7:	1.4842
MA20:	1.4790
MA50:	1.4913
MA100:	1.4976
MAexp7:	1.4950
MAexp20:	1.4941
MAexp50:	1.4914
MAexp100:	1.4875
Price / MA7:	+0.77%
Price / MA20:	+1.13%
Price / MA50:	+0.30%
Price / MA100:	-0.13%
Price / MAexp7:	+0.05%
Price / MAexp20:	+0.11%
Price / MAexp50:	+0.29%
Price / MAexp100:	+0.55%

Quotes : - Real time data - 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:

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

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