EUR/CAD - 1H - Technical analysis published on 12/30/2024 (GMT)
- 82
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
22%
56%
22%
My opinion
Neutral between 1.4986 CAD and 1.5042 CAD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on EUR/CAD. It is difficult to advise a trading direction under these conditions. The first resistance is located at 1.5042 CAD. The first support is located at 1.4986 CAD. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/CAD rating 1.5004 CAD. The price is lower by -0.14% since the last closing and was between 1.5000 CAD and 1.5039 CAD. This implies that the price is at +0.03% from its lowest and at -0.23% from its highest.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 1H of this EUR/CAD chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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): | 44.30 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -8.7227 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 1.5020 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5037 | |
| Elder Ray (13): | -0.0008 | |
| Super Trend (3,10): | 1.4988 | |
| Zig ZAG (10): | 1.5004 | |
| VORTEX (21): | 1.0497 | |
| Stochastique (14,3,5): | 7.64 | |
| TEMA (21): | 1.5012 | |
| Williams %R (14): | -97.96 | |
| Chande Momentum Oscillator (20): | -0.0035 | |
| Repulse (5,40,3): | -0.1145 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0055 | |
| Courbe Coppock: | 0.17 |
| MA7: | 1.4978 | |
| MA20: | 1.4926 | |
| MA50: | 1.4909 | |
| MA100: | 1.4968 | |
| MAexp7: | 1.5011 | |
| MAexp20: | 1.5015 | |
| MAexp50: | 1.5003 | |
| MAexp100: | 1.4988 | |
| Price / MA7: | +0.17% | |
| Price / MA20: | +0.52% | |
| Price / MA50: | +0.64% | |
| Price / MA100: | +0.24% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.11% |
Quotes :
-
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:
-
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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