EUR/CAD - Daily - Technical analysis published on 12/18/2024 (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
83%
0%
17%
My opinion
Bullish above 1.4890 CAD
My targets
1.5151 CAD (+0.0125)
1.5507 CAD (+0.0481)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on EUR/CAD. This is a positive signal for buyers. As long as the price remains above 1.4890 CAD, a purchase could be considered. The first bullish objective is located at 1.5151 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.5507 CAD as an objective. Crossing it would then enable buyers to target 1.5909 CAD. In the event of a return below 1.4890 CAD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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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 1.5026 CAD. The price has increased by +0.05% since the last closing with the lowest point at 1.5017 CAD and the highest point at 1.5060 CAD. The deviation from the price is +0.06% for the low point and -0.23% for the high point.1.5017
1.5060
1.5026
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
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this EUR/CAD chart shows a bullish trend. 71.43% 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 market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
White gravestone / inverted hammer
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4625 | 1.4743 | 1.4890 | 1.5026 | 1.5074 | 1.5151 | 1.5909 |
| Change (%) | -2.67% | -1.88% | -0.91% | - | +0.32% | +0.83% | +5.88% |
| Change | -0.0401 | -0.0283 | -0.0136 | - | +0.0048 | +0.0125 | +0.0883 |
| Level | Major | Minor | Major | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4888 | 1.4927 | 1.4972 | 1.5011 | 1.5056 | 1.5095 | 1.5140 |
| Camarilla | 1.4995 | 1.5003 | 1.5010 | 1.5018 | 1.5026 | 1.5033 | 1.5041 |
| Woodie | 1.4892 | 1.4929 | 1.4976 | 1.5013 | 1.5060 | 1.5097 | 1.5144 |
| Fibonacci | 1.4927 | 1.4959 | 1.4979 | 1.5011 | 1.5043 | 1.5063 | 1.5095 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.65 | |
| MACD (12,26,9): | 0.0032 | |
| Directional Movement: | 7.7186 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 1.4925 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4818 | |
| Elder Ray (13): | 0.0118 | |
| Super Trend (3,10): | 1.4777 | |
| Zig ZAG (10): | 1.5027 | |
| VORTEX (21): | 1.0992 | |
| Stochastique (14,3,5): | 92.87 | |
| TEMA (21): | 1.4982 | |
| Williams %R (14): | -9.50 | |
| Chande Momentum Oscillator (20): | 0.0279 | |
| Repulse (5,40,3): | 0.5635 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0003 | |
| Courbe Coppock: | 2.86 |
| MA7: | 1.4950 | |
| MA20: | 1.4841 | |
| MA50: | 1.4913 | |
| MA100: | 1.4973 | |
| MAexp7: | 1.4963 | |
| MAexp20: | 1.4900 | |
| MAexp50: | 1.4906 | |
| MAexp100: | 1.4912 | |
| Price / MA7: | +0.51% | |
| Price / MA20: | +1.25% | |
| Price / MA50: | +0.76% | |
| Price / MA100: | +0.35% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +0.85% | |
| Price / MAexp50: | +0.81% | |
| Price / MAexp100: | +0.76% |
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
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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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