EUR/CAD

- CAD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	EURCAD
ISIN:

EUR/CAD - Daily - Technical analysis published on 12/17/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

11%

My opinion

Bullish above 1.4890 CAD

My targets

1.5074 CAD (+0.0091)

1.5151 CAD (+0.0168)

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 1.4890 CAD. The buyers' bullish objective is set at 1.5074 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.5151 CAD. If there is any crossing, the next objective would be the resistance located at 1.5909 CAD.

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

6.1

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 price is 1.4983 CAD. On the day, this instrument gained +0.09% and was between 1.4966 CAD and 1.4995 CAD. This implies that the price is at +0.11% from its lowest and at -0.08% from its highest.

1.4966

1.4995

1.4983

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of EUR/CAD in Daily shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. 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.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.4625	1.4744	1.4890	1.4983	1.5074	1.5151	1.5909
Change (%)	-2.39%	-1.60%	-0.62%	-	+0.61%	+1.12%	+6.18%
Change	-0.0358	-0.0239	-0.0093	-	+0.0091	+0.0168	+0.0926
Level	Major	Minor	Major	-	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	1.4872	1.4894	1.4932	1.4954	1.4992	1.5014	1.5052
Camarilla	1.4954	1.4959	1.4965	1.4970	1.4976	1.4981	1.4987
Woodie	1.4880	1.4898	1.4940	1.4958	1.5000	1.5018	1.5060
Fibonacci	1.4894	1.4917	1.4931	1.4954	1.4977	1.4991	1.5014

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4702	1.4761	1.4856	1.4915	1.5010	1.5069	1.5164
Camarilla	1.4908	1.4922	1.4936	1.4950	1.4964	1.4978	1.4992
Woodie	1.4719	1.4770	1.4873	1.4924	1.5027	1.5078	1.5181
Fibonacci	1.4761	1.4820	1.4857	1.4915	1.4974	1.5011	1.5069

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):	58.92
MACD (12,26,9):	0.0022
Directional Movement:	3.0569
AROON (14):	71.4286
DEMA (21):	1.4896
Parabolic SAR (0,02-0,02-0,2):	1.4780
Elder Ray (13):	0.0082
Super Trend (3,10):	1.4721
Zig ZAG (10):	1.4983
VORTEX (21):	1.0469
Stochastique (14,3,5):	94.39
TEMA (21):	1.4945
Williams %R (14):	-4.04
Chande Momentum Oscillator (20):	0.0171
Repulse (5,40,3):	0.6811
ROCnROLL:	1
TRIX (15,9):	-0.0073
Courbe Coppock:	2.61

MA7:	1.4935
MA20:	1.4824
MA50:	1.4912
MA100:	1.4972
MAexp7:	1.4933
MAexp20:	1.4883
MAexp50:	1.4899
MAexp100:	1.4909
Price / MA7:	+0.32%
Price / MA20:	+1.07%
Price / MA50:	+0.48%
Price / MA100:	+0.07%
Price / MAexp7:	+0.33%
Price / MAexp20:	+0.67%
Price / MAexp50:	+0.56%
Price / MAexp100:	+0.50%

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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