EUR/CAD - 1H - Technical analysis published on 08/19/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 1.5653 CAD
My targets
1.5755 CAD (+0.0046)
1.5793 CAD (+0.0084)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on EUR/CAD as long as the price remains well above 1.5653 CAD. The buyers” bullish objective is set at 1.5755 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.5793 CAD. If there is any crossing, the next objective would be the resistance located at 1.5825 CAD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.1
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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 1.5709 CAD. The price registered a decrease of -0.07% on the session and was between 1.5701 CAD and 1.5726 CAD. This implies that the price is at +0.05% from its lowest and at -0.11% from its highest.1.5701
1.5726
1.5709
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 bullish. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
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 | 1.5626 | 1.5653 | 1.5708 | 1.5709 | 1.5755 | 1.5793 | 1.5825 |
| Change (%) | -0.53% | -0.36% | -0.01% | - | +0.29% | +0.53% | +0.74% |
| Change | -0.0083 | -0.0056 | -0.0001 | - | +0.0046 | +0.0084 | +0.0116 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Minor |
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 | 1.5563 | 1.5609 | 1.5664 | 1.5710 | 1.5765 | 1.5811 | 1.5866 |
| Camarilla | 1.5692 | 1.5702 | 1.5711 | 1.5720 | 1.5729 | 1.5739 | 1.5748 |
| Woodie | 1.5569 | 1.5611 | 1.5670 | 1.5712 | 1.5771 | 1.5813 | 1.5872 |
| Fibonacci | 1.5609 | 1.5647 | 1.5671 | 1.5710 | 1.5748 | 1.5772 | 1.5811 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5385 | 1.5484 | 1.5596 | 1.5695 | 1.5807 | 1.5906 | 1.6018 |
| Camarilla | 1.5650 | 1.5669 | 1.5689 | 1.5708 | 1.5727 | 1.5747 | 1.5766 |
| Woodie | 1.5392 | 1.5487 | 1.5603 | 1.5698 | 1.5814 | 1.5909 | 1.6025 |
| Fibonacci | 1.5484 | 1.5565 | 1.5614 | 1.5695 | 1.5776 | 1.5825 | 1.5906 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4556 | 1.4877 | 1.5338 | 1.5659 | 1.6120 | 1.6441 | 1.6902 |
| Camarilla | 1.5585 | 1.5657 | 1.5728 | 1.5800 | 1.5872 | 1.5943 | 1.6015 |
| Woodie | 1.4627 | 1.4912 | 1.5409 | 1.5694 | 1.6191 | 1.6476 | 1.6973 |
| Fibonacci | 1.4877 | 1.5175 | 1.5360 | 1.5659 | 1.5957 | 1.6142 | 1.6441 |
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): | 51.55 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 6.2739 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 1.5716 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5701 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 1.5660 | |
| Zig ZAG (10): | 1.5709 | |
| VORTEX (21): | 1.0993 | |
| Stochastique (14,3,5): | 30.94 | |
| TEMA (21): | 1.5714 | |
| Williams %R (14): | -70.45 | |
| Chande Momentum Oscillator (20): | 0.0002 | |
| Repulse (5,40,3): | -0.0286 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0066 | |
| Courbe Coppock: | 0.00 |
| MA7: | 1.5672 | |
| MA20: | 1.5709 | |
| MA50: | 1.5493 | |
| MA100: | 1.5365 | |
| MAexp7: | 1.5711 | |
| MAexp20: | 1.5708 | |
| MAexp50: | 1.5696 | |
| MAexp100: | 1.5686 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | -0% | |
| Price / MA50: | +1.39% | |
| Price / MA100: | +2.24% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.15% |
Quotes :
2020-08-19 06:48:58
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Real time data
-
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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