EUR/CAD - 1H - Technical analysis published on 07/16/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
39%
44%
17%
My opinion
Bearish under 1.5450 CAD
My targets
1.5349 CAD (-0.0060)
1.5325 CAD (-0.0084)
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 1.5450 CAD. The next support located at 1.5349 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 1.5325 CAD. Below this support, sellers could then target 1.5284 CAD.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.5
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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
EUR/CAD rating 1.5409 CAD. The price is lower by -0.08% since the last closing and was traded between 1.5392 CAD and 1.5424 CAD over the period. The price is currently at +0.11% from its lowest and -0.10% from its highest.1.5392
1.5424
1.5409
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 bearish. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 3 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.5284 | 1.5325 | 1.5349 | 1.5409 | 1.5411 | 1.5450 | 1.5493 |
Change (%) | -0.81% | -0.55% | -0.39% | - | +0.01% | +0.27% | +0.55% |
Change | -0.0125 | -0.0084 | -0.0060 | - | +0.0002 | +0.0041 | +0.0084 |
Level | Intermediate | Minor | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.5224 | 1.5313 | 1.5367 | 1.5456 | 1.5510 | 1.5599 | 1.5653 |
Camarilla | 1.5382 | 1.5395 | 1.5408 | 1.5421 | 1.5434 | 1.5447 | 1.5460 |
Woodie | 1.5207 | 1.5304 | 1.5350 | 1.5447 | 1.5493 | 1.5590 | 1.5636 |
Fibonacci | 1.5313 | 1.5368 | 1.5401 | 1.5456 | 1.5511 | 1.5544 | 1.5599 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.5090 | 1.5160 | 1.5260 | 1.5330 | 1.5430 | 1.5500 | 1.5600 |
Camarilla | 1.5314 | 1.5330 | 1.5345 | 1.5361 | 1.5377 | 1.5392 | 1.5408 |
Woodie | 1.5106 | 1.5168 | 1.5276 | 1.5338 | 1.5446 | 1.5508 | 1.5616 |
Fibonacci | 1.5160 | 1.5225 | 1.5265 | 1.5330 | 1.5395 | 1.5435 | 1.5500 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.4658 | 1.4857 | 1.5053 | 1.5252 | 1.5448 | 1.5647 | 1.5843 |
Camarilla | 1.5141 | 1.5178 | 1.5214 | 1.5250 | 1.5286 | 1.5322 | 1.5359 |
Woodie | 1.4658 | 1.4856 | 1.5053 | 1.5251 | 1.5448 | 1.5646 | 1.5843 |
Fibonacci | 1.4857 | 1.5008 | 1.5101 | 1.5252 | 1.5403 | 1.5496 | 1.5647 |
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): | 35.26 | |
MACD (12,26,9): | -0.0021 | |
Directional Movement: | -16.3091 | |
AROON (14): | -42.8571 | |
DEMA (21): | 1.5400 | |
Parabolic SAR (0,02-0,02-0,2): | 1.5443 | |
Elder Ray (13): | -0.0010 | |
Super Trend (3,10): | 1.5442 | |
Zig ZAG (10): | 1.5408 | |
VORTEX (21): | 0.6941 | |
Stochastique (14,3,5): | 30.21 | |
TEMA (21): | 1.5386 | |
Williams %R (14): | -46.88 | |
Chande Momentum Oscillator (20): | -0.0009 | |
Repulse (5,40,3): | 0.0628 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0214 | |
Courbe Coppock: | 0.51 |
MA7: | 1.5401 | |
MA20: | 1.5331 | |
MA50: | 1.5267 | |
MA100: | 1.5298 | |
MAexp7: | 1.5407 | |
MAexp20: | 1.5427 | |
MAexp50: | 1.5445 | |
MAexp100: | 1.5428 | |
Price / MA7: | +0.05% | |
Price / MA20: | +0.51% | |
Price / MA50: | +0.93% | |
Price / MA100: | +0.73% | |
Price / MAexp7: | +0.01% | |
Price / MAexp20: | -0.12% | |
Price / MAexp50: | -0.23% | |
Price / MAexp100: | -0.12% |
Quotes :
2020-07-16 07:38:55
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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
- 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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