Londinia Opportunities Analyses - 10/31/2024 (GMT) EUR/CAD - 1H

- CAD (-)

- Real time data - Forex

Type:	Forex
Ticker:	EURCAD
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 1.5119 CAD

My targets

1.5190 CAD (+0.0042)

1.5312 CAD (+0.0164)

My analysis

The bullish trend is currently very strong on EUR/CAD. As long as the price remains above the support at 1.5119 CAD, you could try to benefit from the boom. The first bullish objective is located at 1.5190 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.5312 CAD as an objective. Crossing it would then enable buyers to target 1.5909 CAD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.4

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Additional analysis

Quotes

EUR/CAD rating 1.5148 CAD. On the day, this instrument gained +0.31% and was traded between 1.5089 CAD and 1.5151 CAD over the period. The price is currently at +0.39% from its lowest and -0.02% from its highest.

1.5089

1.5151

1.5148

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

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 strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.5045	1.5074	1.5119	1.5148	1.5151	1.5909	1.7204
Change (%)	-0.68%	-0.49%	-0.19%	-	+0.02%	+5.02%	+13.57%
Change	-0.0103	-0.0074	-0.0029	-	+0.0003	+0.0761	+0.2056
Level	Intermediate	Major	Intermediate	-	Intermediate	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4998	1.5025	1.5064	1.5091	1.5130	1.5157	1.5196
Camarilla	1.5084	1.5090	1.5096	1.5102	1.5108	1.5114	1.5120
Woodie	1.5003	1.5028	1.5069	1.5094	1.5135	1.5160	1.5201
Fibonacci	1.5025	1.5051	1.5066	1.5091	1.5117	1.5132	1.5157

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4776	1.4831	1.4914	1.4969	1.5052	1.5107	1.5190
Camarilla	1.4958	1.4971	1.4983	1.4996	1.5009	1.5021	1.5034
Woodie	1.4789	1.4838	1.4927	1.4976	1.5065	1.5114	1.5203
Fibonacci	1.4831	1.4884	1.4917	1.4969	1.5022	1.5055	1.5107

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4641	1.4766	1.4914	1.5039	1.5187	1.5312	1.5460
Camarilla	1.4988	1.5013	1.5038	1.5063	1.5088	1.5113	1.5138
Woodie	1.4654	1.4772	1.4927	1.5045	1.5200	1.5318	1.5473
Fibonacci	1.4766	1.4870	1.4934	1.5039	1.5143	1.5207	1.5312

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):	63.73
MACD (12,26,9):	0.0012
Directional Movement:	13.5585
AROON (14):	50.0000
DEMA (21):	1.5133
Parabolic SAR (0,02-0,02-0,2):	1.5093
Elder Ray (13):	0.0021
Super Trend (3,10):	1.5090
Zig ZAG (10):	1.5143
VORTEX (21):	1.1150
Stochastique (14,3,5):	79.29
TEMA (21):	1.5133
Williams %R (14):	-7.41
Chande Momentum Oscillator (20):	0.0032
Repulse (5,40,3):	0.1180
ROCnROLL:	1
TRIX (15,9):	0.0104
Courbe Coppock:	0.33

MA7:	1.5033
MA20:	1.4997
MA50:	1.5012
MA100:	1.4954
MAexp7:	1.5129
MAexp20:	1.5117
MAexp50:	1.5093
MAexp100:	1.5061
Price / MA7:	+0.76%
Price / MA20:	+1.01%
Price / MA50:	+0.91%
Price / MA100:	+1.30%
Price / MAexp7:	+0.13%
Price / MAexp20:	+0.21%
Price / MAexp50:	+0.36%
Price / MAexp100:	+0.58%

Quotes : - Real time data - Forex

News

The last news published on EUR/CAD at the time of the generation of this analysis was as follows: