EUR/CAD - 1H - Technical analysis published on 04/17/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 1.5309 CAD
My targets
1.5236 CAD (-0.0018)
1.5213 CAD (-0.0041)
My analysis
EUR/CAD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.5309 CAD. The next support located at 1.5236 CAD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.5213 CAD. Below this support, sellers could then target 1.5153 CAD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
3.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/CAD price is 1.5254 CAD. The price registered a decrease of +0.08% on the session and was traded between 1.5229 CAD and 1.5277 CAD over the period. The price is currently at +0.16% from its lowest and -0.15% from its highest.1.5229
1.5277
1.5254
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/CAD:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/CAD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from 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 bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 1.5153 | 1.5213 | 1.5236 | 1.5254 | 1.5309 | 1.5338 | 1.5413 |
| Change (%) | -0.66% | -0.27% | -0.12% | - | +0.36% | +0.55% | +1.04% |
| Change | -0.0101 | -0.0041 | -0.0018 | - | +0.0055 | +0.0084 | +0.0159 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Minor |
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 | 1.4998 | 1.5109 | 1.5175 | 1.5286 | 1.5352 | 1.5463 | 1.5529 |
| Camarilla | 1.5193 | 1.5210 | 1.5226 | 1.5242 | 1.5258 | 1.5275 | 1.5291 |
| Woodie | 1.4977 | 1.5098 | 1.5154 | 1.5275 | 1.5331 | 1.5452 | 1.5508 |
| Fibonacci | 1.5109 | 1.5176 | 1.5218 | 1.5286 | 1.5353 | 1.5395 | 1.5463 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4939 | 1.5068 | 1.5163 | 1.5292 | 1.5387 | 1.5516 | 1.5611 |
| Camarilla | 1.5195 | 1.5216 | 1.5237 | 1.5257 | 1.5278 | 1.5298 | 1.5319 |
| Woodie | 1.4921 | 1.5060 | 1.5145 | 1.5284 | 1.5369 | 1.5508 | 1.5593 |
| Fibonacci | 1.5068 | 1.5154 | 1.5207 | 1.5292 | 1.5378 | 1.5431 | 1.5516 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3569 | 1.4148 | 1.4835 | 1.5414 | 1.6101 | 1.6680 | 1.7367 |
| Camarilla | 1.5174 | 1.5290 | 1.5406 | 1.5522 | 1.5638 | 1.5754 | 1.5870 |
| Woodie | 1.3623 | 1.4175 | 1.4889 | 1.5441 | 1.6155 | 1.6707 | 1.7421 |
| Fibonacci | 1.4148 | 1.4632 | 1.4930 | 1.5414 | 1.5898 | 1.6196 | 1.6680 |
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): | 43.20 | |
| MACD (12,26,9): | -0.0019 | |
| Directional Movement: | -9.8409 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 1.5241 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5291 | |
| Elder Ray (13): | -0.0010 | |
| Super Trend (3,10): | 1.5315 | |
| Zig ZAG (10): | 1.5252 | |
| VORTEX (21): | 0.8464 | |
| Stochastique (14,3,5): | 46.02 | |
| TEMA (21): | 1.5234 | |
| Williams %R (14): | -36.21 | |
| Chande Momentum Oscillator (20): | 0.0014 | |
| Repulse (5,40,3): | 0.0570 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0223 | |
| Courbe Coppock: | 0.36 |
| MA7: | 1.5261 | |
| MA20: | 1.5380 | |
| MA50: | 1.5094 | |
| MA100: | 1.4839 | |
| MAexp7: | 1.5254 | |
| MAexp20: | 1.5268 | |
| MAexp50: | 1.5289 | |
| MAexp100: | 1.5287 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | -0.82% | |
| Price / MA50: | +1.06% | |
| Price / MA100: | +2.80% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -0.22% |
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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