EUR/CAD - 15 min. - Technical analysis published on 12/30/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.5021 CAD
My targets
1.4990 CAD (-0.0014)
1.4956 CAD (-0.0048)
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 1.5021 CAD. The next support located at 1.4990 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 1.4956 CAD. Below this support, sellers could then target 1.4925 CAD.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.7
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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 1.5004 CAD. On the day, this instrument lost -0.14% with the lowest point at 1.5000 CAD and the highest point at 1.5039 CAD. The deviation from the price is +0.03% for the low point and -0.23% for the high point.1.5000
1.5039
1.5004
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this EUR/CAD chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by 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 bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
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 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4890 | 1.4918 | 1.4986 | 1.5004 | 1.5019 | 1.5042 | 1.5060 |
| Change (%) | -0.76% | -0.57% | -0.12% | - | +0.10% | +0.25% | +0.37% |
| Change | -0.0114 | -0.0086 | -0.0018 | - | +0.0015 | +0.0038 | +0.0056 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | 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 | 1.4925 | 1.4956 | 1.4990 | 1.5021 | 1.5055 | 1.5086 | 1.5120 |
| Camarilla | 1.5007 | 1.5013 | 1.5019 | 1.5025 | 1.5031 | 1.5037 | 1.5043 |
| Woodie | 1.4928 | 1.4957 | 1.4993 | 1.5022 | 1.5058 | 1.5087 | 1.5123 |
| Fibonacci | 1.4956 | 1.4981 | 1.4996 | 1.5021 | 1.5046 | 1.5061 | 1.5086 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4812 | 1.4865 | 1.4945 | 1.4998 | 1.5078 | 1.5131 | 1.5211 |
| Camarilla | 1.4988 | 1.5001 | 1.5013 | 1.5025 | 1.5037 | 1.5049 | 1.5062 |
| Woodie | 1.4826 | 1.4872 | 1.4959 | 1.5005 | 1.5092 | 1.5138 | 1.5225 |
| Fibonacci | 1.4865 | 1.4916 | 1.4947 | 1.4998 | 1.5049 | 1.5080 | 1.5131 |
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): | 38.78 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | -14.4814 | |
| AROON (14): | -21.4285 | |
| DEMA (21): | 1.5006 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5011 | |
| Elder Ray (13): | -0.0004 | |
| Super Trend (3,10): | 1.5020 | |
| Zig ZAG (10): | 1.5006 | |
| VORTEX (21): | 0.8919 | |
| Stochastique (14,3,5): | 25.00 | |
| TEMA (21): | 1.5004 | |
| Williams %R (14): | -83.33 | |
| Chande Momentum Oscillator (20): | -0.0005 | |
| Repulse (5,40,3): | -0.0320 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0043 | |
| Courbe Coppock: | 0.07 |
| MA7: | 1.4978 | |
| MA20: | 1.4926 | |
| MA50: | 1.4909 | |
| MA100: | 1.4968 | |
| MAexp7: | 1.5007 | |
| MAexp20: | 1.5011 | |
| MAexp50: | 1.5017 | |
| MAexp100: | 1.5015 | |
| Price / MA7: | +0.17% | |
| Price / MA20: | +0.52% | |
| Price / MA50: | +0.64% | |
| Price / MA100: | +0.24% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.07% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/CAD at the time of the generation of this analysis was as follows:
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EUR/CAD Forecast August 22, 2024
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EUR/CAD Forecast August 5, 2024
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EUR/CAD Forecast July 11, 2024
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EUR/CAD Forecast June 4, 2024
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Forex Analysis: EUR/USD, GBP/USD, EUR/CAD - Amana Capital
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