EUR/CAD - 15 min. - Technical analysis published on 03/11/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 1.4732 CAD
My targets
1.4784 CAD (+0.0031)
1.4813 CAD (+0.0060)
My analysis
A bullish trend on EUR/CAD both in substance and in the short term. A purchase could be considered as long as the price remains above 1.4732 CAD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 1.4784 CAD. Then the price could move towards 1.4813 CAD. Then 1.4865 CAD by extension. Be careful, a return below 1.4732 CAD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
5.7
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/CAD price is 1.4753 CAD. On the day, this instrument lost -0.01% and was between 1.4729 CAD and 1.4766 CAD. This implies that the price is at +0.16% from its lowest and at -0.09% from its highest.1.4729
1.4766
1.4753
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of EUR/CAD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 15 minutes
Momentum indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4681 | 1.4717 | 1.4748 | 1.4753 | 1.4763 | 1.4780 | 1.4841 |
| Change (%) | -0.49% | -0.24% | -0.03% | - | +0.07% | +0.18% | +0.60% |
| Change | -0.0072 | -0.0036 | -0.0005 | - | +0.0010 | +0.0027 | +0.0088 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4622 | 1.4651 | 1.4703 | 1.4732 | 1.4784 | 1.4813 | 1.4865 |
| Camarilla | 1.4732 | 1.4739 | 1.4747 | 1.4754 | 1.4761 | 1.4769 | 1.4776 |
| Woodie | 1.4633 | 1.4657 | 1.4714 | 1.4738 | 1.4795 | 1.4819 | 1.4876 |
| Fibonacci | 1.4651 | 1.4682 | 1.4701 | 1.4732 | 1.4763 | 1.4782 | 1.4813 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4559 | 1.4609 | 1.4681 | 1.4731 | 1.4803 | 1.4853 | 1.4925 |
| Camarilla | 1.4721 | 1.4732 | 1.4743 | 1.4754 | 1.4765 | 1.4776 | 1.4788 |
| Woodie | 1.4571 | 1.4615 | 1.4693 | 1.4737 | 1.4815 | 1.4859 | 1.4937 |
| Fibonacci | 1.4609 | 1.4655 | 1.4684 | 1.4731 | 1.4777 | 1.4806 | 1.4853 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4215 | 1.4339 | 1.4500 | 1.4624 | 1.4785 | 1.4909 | 1.5070 |
| Camarilla | 1.4583 | 1.4609 | 1.4635 | 1.4661 | 1.4687 | 1.4713 | 1.4739 |
| Woodie | 1.4234 | 1.4348 | 1.4519 | 1.4633 | 1.4804 | 1.4918 | 1.5089 |
| Fibonacci | 1.4339 | 1.4448 | 1.4515 | 1.4624 | 1.4733 | 1.4800 | 1.4909 |
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): | 57.63 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 2.0365 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 1.4744 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4730 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 1.4757 | |
| Zig ZAG (10): | 1.4753 | |
| VORTEX (21): | 0.9643 | |
| Stochastique (14,3,5): | 74.36 | |
| TEMA (21): | 1.4744 | |
| Williams %R (14): | -11.54 | |
| Chande Momentum Oscillator (20): | 0.0010 | |
| Repulse (5,40,3): | 0.0741 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0021 | |
| Courbe Coppock: | 0.06 |
| MA7: | 1.4736 | |
| MA20: | 1.4646 | |
| MA50: | 1.4619 | |
| MA100: | 1.4670 | |
| MAexp7: | 1.4747 | |
| MAexp20: | 1.4746 | |
| MAexp50: | 1.4747 | |
| MAexp100: | 1.4744 | |
| Price / MA7: | +0.12% | |
| Price / MA20: | +0.73% | |
| Price / MA50: | +0.92% | |
| Price / MA100: | +0.57% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.06% |
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:
-
Forex Analysis: EUR/USD, GBP/USD, EUR/CAD - Amana Capital
-
Why I'm looking to sell EURCAD: Coleman
-
EUR/CAD To Hold Steady
-
EUR/CAD Bullish Breakthrough
-
Bullish Divergence – EURCAD
This member declared not having a position on this financial instrument or a related financial instrument.
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