EUR/CAD - 1H - Technical analysis published on 04/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 1.4691 CAD
My targets
1.4624 CAD (-0.0021)
1.4580 CAD (-0.0065)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade EUR/CAD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.4691 CAD. The next bearish objective for sellers is set at 1.4624 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.4580 CAD. In case of crossing, the next objective would be the support located at 1.4495 CAD. In the event of a bullish break in the resistance located at 1.4691 CAD a certain indecision would take hold.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
3
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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 rating is 1.4645 CAD. On the day, this instrument lost -0.05% and was traded between 1.4634 CAD and 1.4653 CAD over the period. The price is currently at +0.08% from its lowest and -0.05% from its highest.1.4634
1.4653
1.4645
Here is a more detailed summary of the historical variations registered by EUR/CAD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/CAD in 1H shows an overall slightly bearish trend. 46.43% of the signals given by moving averages are bearish. The overall trend remains fragile, reflecting the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4580 | 1.4610 | 1.4624 | 1.4645 | 1.4650 | 1.4691 | 1.4711 |
| Change (%) | -0.44% | -0.24% | -0.14% | - | +0.03% | +0.31% | +0.45% |
| Change | -0.0065 | -0.0035 | -0.0021 | - | +0.0005 | +0.0046 | +0.0066 |
| Level | Intermediate | Minor | Major | - | Major | 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 | 1.4595 | 1.4622 | 1.4637 | 1.4664 | 1.4679 | 1.4706 | 1.4721 |
| Camarilla | 1.4641 | 1.4644 | 1.4648 | 1.4652 | 1.4656 | 1.4660 | 1.4664 |
| Woodie | 1.4589 | 1.4619 | 1.4631 | 1.4661 | 1.4673 | 1.4703 | 1.4715 |
| Fibonacci | 1.4622 | 1.4638 | 1.4648 | 1.4664 | 1.4680 | 1.4690 | 1.4706 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4486 | 1.4549 | 1.4603 | 1.4666 | 1.4720 | 1.4783 | 1.4837 |
| Camarilla | 1.4625 | 1.4636 | 1.4646 | 1.4657 | 1.4668 | 1.4679 | 1.4689 |
| Woodie | 1.4482 | 1.4547 | 1.4599 | 1.4664 | 1.4716 | 1.4781 | 1.4833 |
| Fibonacci | 1.4549 | 1.4594 | 1.4621 | 1.4666 | 1.4711 | 1.4738 | 1.4783 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 41.21 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -8.0826 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 1.4646 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4653 | |
| Elder Ray (13): | -0.0003 | |
| Super Trend (3,10): | 1.4667 | |
| Zig ZAG (10): | 1.4641 | |
| VORTEX (21): | 0.8911 | |
| Stochastique (14,3,5): | 16.71 | |
| TEMA (21): | 1.4639 | |
| Williams %R (14): | -77.42 | |
| Chande Momentum Oscillator (20): | -0.0018 | |
| Repulse (5,40,3): | -0.0240 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0027 | |
| Courbe Coppock: | 0.34 |
| MA7: | 1.4641 | |
| MA20: | 1.4663 | |
| MA50: | 1.4680 | |
| MA100: | 1.4644 | |
| MAexp7: | 1.4644 | |
| MAexp20: | 1.4651 | |
| MAexp50: | 1.4651 | |
| MAexp100: | 1.4647 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | -0.12% | |
| Price / MA50: | -0.24% | |
| Price / MA100: | +0.01% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.01% |
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
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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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