EUR/CAD - 1H - Technical analysis published on 05/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 1.4774 CAD
My targets
1.4815 CAD (+0.0018)
1.4908 CAD (+0.0111)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.4774 CAD remains possible. It is advisable to trade EUR/CAD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.4774 CAD. The next bullish objective for buyers is set at 1.4815 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.4908 CAD. If there is any crossing, the next objective would be the resistance located at 1.5074 CAD. PS: if there is a bearish break in the support located at 1.4774 CAD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/CAD rating 1.4797 CAD. The price is lower by -0.06% since the last closing and was traded between 1.4796 CAD and 1.4822 CAD over the period. The price is currently at +0.01% from its lowest and -0.17% from its highest.1.4796
1.4822
1.4797
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/CAD in 1H shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4740 | 1.4757 | 1.4774 | 1.4797 | 1.4815 | 1.4908 | 1.5074 |
| Change (%) | -0.39% | -0.27% | -0.16% | - | +0.12% | +0.75% | +1.87% |
| Change | -0.0057 | -0.0040 | -0.0023 | - | +0.0018 | +0.0111 | +0.0277 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4706 | 1.4729 | 1.4768 | 1.4791 | 1.4830 | 1.4853 | 1.4892 |
| Camarilla | 1.4789 | 1.4795 | 1.4800 | 1.4806 | 1.4812 | 1.4817 | 1.4823 |
| Woodie | 1.4713 | 1.4733 | 1.4775 | 1.4795 | 1.4837 | 1.4857 | 1.4899 |
| Fibonacci | 1.4729 | 1.4753 | 1.4768 | 1.4791 | 1.4815 | 1.4830 | 1.4853 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4594 | 1.4644 | 1.4686 | 1.4736 | 1.4778 | 1.4828 | 1.4870 |
| Camarilla | 1.4702 | 1.4710 | 1.4719 | 1.4727 | 1.4735 | 1.4744 | 1.4752 |
| Woodie | 1.4589 | 1.4642 | 1.4681 | 1.4734 | 1.4773 | 1.4826 | 1.4865 |
| Fibonacci | 1.4644 | 1.4680 | 1.4701 | 1.4736 | 1.4772 | 1.4793 | 1.4828 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4355 | 1.4450 | 1.4573 | 1.4668 | 1.4791 | 1.4886 | 1.5009 |
| Camarilla | 1.4635 | 1.4655 | 1.4675 | 1.4695 | 1.4715 | 1.4735 | 1.4755 |
| Woodie | 1.4368 | 1.4457 | 1.4586 | 1.4675 | 1.4804 | 1.4893 | 1.5022 |
| Fibonacci | 1.4450 | 1.4534 | 1.4585 | 1.4668 | 1.4752 | 1.4803 | 1.4886 |
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): | 48.01 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 1.1257 | |
| AROON (14): | -21.4285 | |
| DEMA (21): | 1.4813 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4820 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 1.4787 | |
| Zig ZAG (10): | 1.4799 | |
| VORTEX (21): | 1.0297 | |
| Stochastique (14,3,5): | 21.85 | |
| TEMA (21): | 1.4810 | |
| Williams %R (14): | -84.62 | |
| Chande Momentum Oscillator (20): | -0.0010 | |
| Repulse (5,40,3): | -0.0422 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0081 | |
| Courbe Coppock: | 0.01 |
| MA7: | 1.4764 | |
| MA20: | 1.4704 | |
| MA50: | 1.4698 | |
| MA100: | 1.4656 | |
| MAexp7: | 1.4806 | |
| MAexp20: | 1.4805 | |
| MAexp50: | 1.4791 | |
| MAexp100: | 1.4775 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | +0.63% | |
| Price / MA50: | +0.67% | |
| Price / MA100: | +0.96% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.15% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on EUR/CAD at the time of the analysis were as follows:
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Forex Analysis: EUR/USD, GBP/USD, EUR/CAD - Amana Capital
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Why I'm looking to sell EURCAD: Coleman
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EUR/CAD To Hold Steady
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EUR/CAD Bullish Breakthrough
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Bullish Divergence – EURCAD
This member declared not having a position on this financial instrument or a related financial instrument.
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