EUR/CAD - Daily - Technical analysis published on 12/30/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 1.4890 CAD
My targets
1.5074 CAD (+0.0070)
1.5151 CAD (+0.0147)
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. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
0
10
7.5
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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% and was traded between 1.5000 CAD and 1.5039 CAD over the period. The price is currently at +0.03% from its lowest and -0.23% from its highest.1.5000
1.5039
1.5004
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 (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of EUR/CAD indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4625 | 1.4743 | 1.4890 | 1.5004 | 1.5019 | 1.5074 | 1.5151 |
| Change (%) | -2.53% | -1.74% | -0.76% | - | +0.10% | +0.47% | +0.98% |
| Change | -0.0379 | -0.0261 | -0.0114 | - | +0.0015 | +0.0070 | +0.0147 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.64 | |
| MACD (12,26,9): | 0.0037 | |
| Directional Movement: | 2.9975 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 1.4980 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4923 | |
| Elder Ray (13): | 0.0060 | |
| Super Trend (3,10): | 1.4761 | |
| Zig ZAG (10): | 1.5003 | |
| VORTEX (21): | 1.1296 | |
| Stochastique (14,3,5): | 81.17 | |
| TEMA (21): | 1.5021 | |
| Williams %R (14): | -23.85 | |
| Chande Momentum Oscillator (20): | 0.0139 | |
| Repulse (5,40,3): | 0.0169 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0264 | |
| Courbe Coppock: | 1.57 |
| MA7: | 1.4978 | |
| MA20: | 1.4926 | |
| MA50: | 1.4909 | |
| MA100: | 1.4968 | |
| MAexp7: | 1.4986 | |
| MAexp20: | 1.4939 | |
| MAexp50: | 1.4922 | |
| MAexp100: | 1.4920 | |
| Price / MA7: | +0.17% | |
| Price / MA20: | +0.52% | |
| Price / MA50: | +0.64% | |
| Price / MA100: | +0.24% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.44% | |
| Price / MAexp50: | +0.55% | |
| Price / MAexp100: | +0.56% |
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:
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EUR/CAD Forecast August 22, 2024
-
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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