EUR/CAD - 15 min. - Technical analysis published on 12/18/2024 (GMT)
- 40
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 1.5056 CAD
My targets
1.4972 CAD (-0.0035)
1.4927 CAD (-0.0080)
My analysis
EUR/CAD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.5056 CAD. The next support located at 1.4972 CAD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.4927 CAD. Below this support, sellers could then target 1.4888 CAD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.2
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 rating is 1.5007 CAD. On the day, this instrument lost -0.07% and was traded between 1.5002 CAD and 1.5060 CAD over the period. The price is currently at +0.03% from its lowest and -0.35% from its highest.1.5002
1.5060
1.5007
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 15 min. of this EUR/CAD chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 15 minutes
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 15 minutes
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : 15 minutes
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 15 minutes
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4890 | 1.4931 | 1.4965 | 1.5007 | 1.5007 | 1.5049 | 1.5074 |
| Change (%) | -0.78% | -0.51% | -0.28% | 0% | - | +0.28% | +0.45% |
| Change | -0.0117 | -0.0076 | -0.0042 | 0 | - | +0.0042 | +0.0067 |
| Level | Major | Intermediate | Major | Minor | - | 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 | 1.4888 | 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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 27.54 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -17.5876 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 1.5023 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5039 | |
| Elder Ray (13): | -0.0015 | |
| Super Trend (3,10): | 1.5042 | |
| Zig ZAG (10): | 1.5006 | |
| VORTEX (21): | 0.8776 | |
| Stochastique (14,3,5): | 19.72 | |
| TEMA (21): | 1.5018 | |
| Williams %R (14): | -90.00 | |
| Chande Momentum Oscillator (20): | -0.0023 | |
| Repulse (5,40,3): | -0.1401 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0027 | |
| Courbe Coppock: | 0.15 |
| MA7: | 1.4946 | |
| MA20: | 1.4840 | |
| MA50: | 1.4912 | |
| MA100: | 1.4973 | |
| MAexp7: | 1.5020 | |
| MAexp20: | 1.5029 | |
| MAexp50: | 1.5031 | |
| MAexp100: | 1.5022 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | +1.13% | |
| Price / MA50: | +0.64% | |
| Price / MA100: | +0.23% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.11% |
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:
-
EUR/CAD Forecast August 22, 2024
-
EUR/CAD Forecast August 5, 2024
-
EUR/CAD Forecast July 11, 2024
-
EUR/CAD Forecast June 4, 2024
-
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/CAD - 15 min.