EUR/CAD - 1H - Technical analysis published on 04/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
28%
39%
33%
My opinion
Bullish above 1.4668 CAD
My targets
1.4711 CAD (+0.0028)
1.4741 CAD (+0.0058)
My analysis
EUR/CAD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.4668 CAD. The next resistance located at 1.4711 CAD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.4741 CAD. After this resistance, buyers could then target 1.4758 CAD.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.9
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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 1.4683 CAD. The price has increased by +0.04% since the last closing and was between 1.4673 CAD and 1.4686 CAD. This implies that the price is at +0.07% from its lowest and at -0.02% from its highest.1.4673
1.4686
1.4683
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/CAD indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4653 | 1.4668 | 1.4681 | 1.4683 | 1.4711 | 1.4741 | 1.4758 |
| Change (%) | -0.20% | -0.10% | -0.01% | - | +0.19% | +0.40% | +0.51% |
| Change | -0.0030 | -0.0015 | -0.0002 | - | +0.0028 | +0.0058 | +0.0075 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | Major |
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 | 1.4543 | 1.4590 | 1.4634 | 1.4681 | 1.4725 | 1.4772 | 1.4816 |
| Camarilla | 1.4652 | 1.4660 | 1.4669 | 1.4677 | 1.4685 | 1.4694 | 1.4702 |
| Woodie | 1.4541 | 1.4589 | 1.4632 | 1.4680 | 1.4723 | 1.4771 | 1.4814 |
| Fibonacci | 1.4590 | 1.4625 | 1.4647 | 1.4681 | 1.4716 | 1.4738 | 1.4772 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4449 | 1.4534 | 1.4595 | 1.4680 | 1.4741 | 1.4826 | 1.4887 |
| Camarilla | 1.4617 | 1.4630 | 1.4644 | 1.4657 | 1.4670 | 1.4684 | 1.4697 |
| Woodie | 1.4438 | 1.4528 | 1.4584 | 1.4674 | 1.4730 | 1.4820 | 1.4876 |
| Fibonacci | 1.4534 | 1.4589 | 1.4624 | 1.4680 | 1.4735 | 1.4770 | 1.4826 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4345 | 1.4465 | 1.4540 | 1.4660 | 1.4735 | 1.4855 | 1.4930 |
| Camarilla | 1.4561 | 1.4579 | 1.4597 | 1.4615 | 1.4633 | 1.4651 | 1.4669 |
| Woodie | 1.4323 | 1.4454 | 1.4518 | 1.4649 | 1.4713 | 1.4844 | 1.4908 |
| Fibonacci | 1.4465 | 1.4540 | 1.4586 | 1.4660 | 1.4735 | 1.4781 | 1.4855 |
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): | 57.03 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 7.5038 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 1.4686 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4710 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 1.4660 | |
| Zig ZAG (10): | 1.4682 | |
| VORTEX (21): | 1.1084 | |
| Stochastique (14,3,5): | 31.14 | |
| TEMA (21): | 1.4688 | |
| Williams %R (14): | -67.14 | |
| Chande Momentum Oscillator (20): | -0.0033 | |
| Repulse (5,40,3): | -0.0115 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0089 | |
| Courbe Coppock: | 0.18 |
| MA7: | 1.4684 | |
| MA20: | 1.4676 | |
| MA50: | 1.4662 | |
| MA100: | 1.4651 | |
| MAexp7: | 1.4681 | |
| MAexp20: | 1.4676 | |
| MAexp50: | 1.4667 | |
| MAexp100: | 1.4670 | |
| Price / MA7: | -0.01% | |
| Price / MA20: | +0.05% | |
| Price / MA50: | +0.14% | |
| Price / MA100: | +0.22% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.09% |
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:
-
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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