EUR/CAD - 1H - Technical analysis published on 05/21/2020 (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:
Neutral
De fond:
Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 1.5213 CAD
My targets
1.5279 CAD (+0.0022)
1.5411 CAD (+0.0154)
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 1.5213 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 1.5213 CAD. The next bullish objective for buyers is set at 1.5279 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.5411 CAD. If there is any crossing, the next objective would be the resistance located at 1.5642 CAD. PS: if there is a bearish break in the support located at 1.5213 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
3
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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 rating is 1.5257 CAD. The price registered an increase of -0.07% on the session and was between 1.5255 CAD and 1.5294 CAD. This implies that the price is at +0.01% from its lowest and at -0.24% from its highest.1.5255
1.5294
1.5257
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 bullish. The signals given by moving averages are 75% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
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 | 1.5095 | 1.5155 | 1.5213 | 1.5257 | 1.5261 | 1.5279 | 1.5411 |
| Change (%) | -1.06% | -0.67% | -0.29% | - | +0.03% | +0.14% | +1.01% |
| Change | -0.0162 | -0.0102 | -0.0044 | - | +0.0004 | +0.0022 | +0.0154 |
| Level | Intermediate | Major | Major | - | Minor | 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 | 1.5149 | 1.5179 | 1.5223 | 1.5253 | 1.5297 | 1.5327 | 1.5371 |
| Camarilla | 1.5247 | 1.5253 | 1.5260 | 1.5267 | 1.5274 | 1.5281 | 1.5287 |
| Woodie | 1.5156 | 1.5183 | 1.5230 | 1.5257 | 1.5304 | 1.5331 | 1.5378 |
| Fibonacci | 1.5179 | 1.5207 | 1.5225 | 1.5253 | 1.5281 | 1.5299 | 1.5327 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4914 | 1.4991 | 1.5127 | 1.5204 | 1.5340 | 1.5417 | 1.5553 |
| Camarilla | 1.5205 | 1.5225 | 1.5245 | 1.5264 | 1.5284 | 1.5303 | 1.5323 |
| Woodie | 1.4945 | 1.5006 | 1.5158 | 1.5219 | 1.5371 | 1.5432 | 1.5584 |
| Fibonacci | 1.4991 | 1.5072 | 1.5122 | 1.5204 | 1.5285 | 1.5335 | 1.5417 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4443 | 1.4748 | 1.5009 | 1.5314 | 1.5575 | 1.5880 | 1.6141 |
| Camarilla | 1.5115 | 1.5167 | 1.5219 | 1.5271 | 1.5323 | 1.5375 | 1.5427 |
| Woodie | 1.4422 | 1.4737 | 1.4988 | 1.5303 | 1.5554 | 1.5869 | 1.6120 |
| Fibonacci | 1.4748 | 1.4964 | 1.5098 | 1.5314 | 1.5530 | 1.5664 | 1.5880 |
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): | 49.17 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 11.9238 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 1.5275 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5294 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 1.5228 | |
| Zig ZAG (10): | 1.5257 | |
| VORTEX (21): | 1.1152 | |
| Stochastique (14,3,5): | 33.44 | |
| TEMA (21): | 1.5274 | |
| Williams %R (14): | -88.10 | |
| Chande Momentum Oscillator (20): | -0.0006 | |
| Repulse (5,40,3): | -0.1932 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0094 | |
| Courbe Coppock: | 0.13 |
| MA7: | 1.5237 | |
| MA20: | 1.5231 | |
| MA50: | 1.5335 | |
| MA100: | 1.4987 | |
| MAexp7: | 1.5272 | |
| MAexp20: | 1.5264 | |
| MAexp50: | 1.5250 | |
| MAexp100: | 1.5238 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | +0.17% | |
| Price / MA50: | -0.51% | |
| Price / MA100: | +1.80% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.12% |
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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