EUR/CAD

- CAD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURCAD
ISIN:

EUR/CAD - 1H - Technical analysis published on 04/17/2024 (GMT)

Londinia

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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

33%

28%

39%

My opinion

Bullish above 1.4668 CAD

My targets

1.4711 CAD (+0.0023)

1.4741 CAD (+0.0053)

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 1.4668 CAD. The buyers' bullish objective is set at 1.4711 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.4741 CAD. If there is any crossing, the next objective would be the resistance located at 1.4758 CAD.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

4.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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 1.4688 CAD. The price has increased by +0.08% since the last closing and was between 1.4673 CAD and 1.4691 CAD. This implies that the price is at +0.10% from its lowest and at -0.02% from its highest.

1.4673

1.4691

1.4688

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:

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 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. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

On the 18 technical indicators analysed, 6 are bullish, 7 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Aroon indicator bearish trend

Type : Bearish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of triangle

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.4653	1.4668	1.4681	1.4688	1.4711	1.4741	1.4758
Change (%)	-0.24%	-0.14%	-0.05%	-	+0.16%	+0.36%	+0.48%
Change	-0.0035	-0.0020	-0.0007	-	+0.0023	+0.0053	+0.0070
Level	Minor	Intermediate	Minor	-	Intermediate	Intermediate	Major

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

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):	60.10
MACD (12,26,9):	0.0007
Directional Movement:	9.5768
AROON (14):	-57.1428
DEMA (21):	1.4688
Parabolic SAR (0,02-0,02-0,2):	1.4705
Elder Ray (13):	0.0006
Super Trend (3,10):	1.4660
Zig ZAG (10):	1.4687
VORTEX (21):	1.1451
Stochastique (14,3,5):	32.24
TEMA (21):	1.4690
Williams %R (14):	-69.49
Chande Momentum Oscillator (20):	-0.0007
Repulse (5,40,3):	0.0403
ROCnROLL:	1
TRIX (15,9):	0.0085
Courbe Coppock:	0.04

MA7:	1.4685
MA20:	1.4676
MA50:	1.4662
MA100:	1.4651
MAexp7:	1.4684
MAexp20:	1.4678
MAexp50:	1.4669
MAexp100:	1.4671
Price / MA7:	+0.02%
Price / MA20:	+0.08%
Price / MA50:	+0.18%
Price / MA100:	+0.25%
Price / MAexp7:	+0.03%
Price / MAexp20:	+0.07%
Price / MAexp50:	+0.13%
Price / MAexp100:	+0.12%

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:

This member declared not having a position on this financial instrument or a related financial instrument.

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