EUR/CAD - 1H - Technical analysis published on 06/30/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
17%
56%
28%
My opinion
Bearish under 1.5373 CAD
My targets
1.5255 CAD (-0.0088)
1.5213 CAD (-0.0130)
My analysis
The current short-term bearish acceleration registered on EUR/CAD should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 1.5373 CAD. Short-term sellers will use the support located at 1.5255 CAD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 1.5213 CAD. Crossing this support would then open the door for sellers to target 1.5152 CAD. Caution, if there is a return to below 1.5373 CAD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
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
2.7
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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 1.5343 CAD. The price is lower by -0.11% since the last closing and was between 1.5333 CAD and 1.5367 CAD. This implies that the price is at +0.07% from its lowest and at -0.16% from its highest.1.5333
1.5367
1.5343
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 (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 not clearly defined. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further decline is moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
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 | 1.5152 | 1.5213 | 1.5255 | 1.5343 | 1.5349 | 1.5373 | 1.5411 |
| Change (%) | -1.24% | -0.85% | -0.57% | - | +0.04% | +0.20% | +0.44% |
| Change | -0.0191 | -0.0130 | -0.0088 | - | +0.0006 | +0.0030 | +0.0068 |
| Level | Minor | Major | Intermediate | - | Major | 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 | 1.5231 | 1.5283 | 1.5322 | 1.5374 | 1.5413 | 1.5465 | 1.5504 |
| Camarilla | 1.5335 | 1.5343 | 1.5352 | 1.5360 | 1.5368 | 1.5377 | 1.5385 |
| Woodie | 1.5224 | 1.5280 | 1.5315 | 1.5371 | 1.5406 | 1.5462 | 1.5497 |
| Fibonacci | 1.5283 | 1.5318 | 1.5340 | 1.5374 | 1.5409 | 1.5431 | 1.5465 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5065 | 1.5130 | 1.5242 | 1.5307 | 1.5419 | 1.5484 | 1.5596 |
| Camarilla | 1.5304 | 1.5321 | 1.5337 | 1.5353 | 1.5369 | 1.5386 | 1.5402 |
| Woodie | 1.5088 | 1.5142 | 1.5265 | 1.5319 | 1.5442 | 1.5496 | 1.5619 |
| Fibonacci | 1.5130 | 1.5198 | 1.5240 | 1.5307 | 1.5375 | 1.5417 | 1.5484 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4578 | 1.4817 | 1.5057 | 1.5296 | 1.5536 | 1.5775 | 1.6015 |
| Camarilla | 1.5166 | 1.5210 | 1.5254 | 1.5298 | 1.5342 | 1.5386 | 1.5430 |
| Woodie | 1.4580 | 1.4817 | 1.5059 | 1.5296 | 1.5538 | 1.5775 | 1.6017 |
| Fibonacci | 1.4817 | 1.5000 | 1.5113 | 1.5296 | 1.5479 | 1.5592 | 1.5775 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.91 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -9.1043 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 1.5361 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5383 | |
| Elder Ray (13): | -0.0011 | |
| Super Trend (3,10): | 1.5402 | |
| Zig ZAG (10): | 1.5342 | |
| VORTEX (21): | 0.9031 | |
| Stochastique (14,3,5): | 26.26 | |
| TEMA (21): | 1.5352 | |
| Williams %R (14): | -89.80 | |
| Chande Momentum Oscillator (20): | -0.0039 | |
| Repulse (5,40,3): | -0.1282 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0007 | |
| Courbe Coppock: | 0.40 |
| MA7: | 1.5322 | |
| MA20: | 1.5273 | |
| MA50: | 1.5243 | |
| MA100: | 1.5185 | |
| MAexp7: | 1.5356 | |
| MAexp20: | 1.5363 | |
| MAexp50: | 1.5356 | |
| MAexp100: | 1.5338 | |
| Price / MA7: | +0.14% | |
| Price / MA20: | +0.46% | |
| Price / MA50: | +0.66% | |
| Price / MA100: | +1.04% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | +0.03% |
Quotes :
2020-06-30 06:54:29
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Real time data
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Forex
News
The last news published on EUR/CAD at the time of the generation of this analysis was 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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