EUR/CAD
EUR CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURCAD
ISIN:

EUR/CAD - 1H - Technical analysis published on 07/16/2020 (GMT)

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  • Timeframe : 1H
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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

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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:

Central Indicators

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

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


S3S2S1PriceR1R2R3
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
Standard1.52241.53131.53671.54561.55101.55991.5653
Camarilla1.53821.53951.54081.54211.54341.54471.5460
Woodie1.52071.53041.53501.54471.54931.55901.5636
Fibonacci1.53131.53681.54011.54561.55111.55441.5599


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.50901.51601.52601.53301.54301.55001.5600
Camarilla1.53141.53301.53451.53611.53771.53921.5408
Woodie1.51061.51681.52761.53381.54461.55081.5616
Fibonacci1.51601.52251.52651.53301.53951.54351.5500


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.46581.48571.50531.52521.54481.56471.5843
Camarilla1.51411.51781.52141.52501.52861.53221.5359
Woodie1.46581.48561.50531.52511.54481.56461.5843
Fibonacci1.48571.50081.51011.52521.54031.54961.5647

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 - Real time data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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