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 09/09/2020 (GMT)

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  • Timeframe : 1H
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  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 1.5513 CAD
My targets
1.5578 CAD (+0.0027)
1.5605 CAD (+0.0054)
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 1.5513 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 1.5513 CAD. The next bullish objective for buyers is set at 1.5578 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.5605 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 1.5513 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.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.3

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

The EUR/CAD price is 1.5551 CAD. The price is lower by -0.18% since the last closing and was between 1.5545 CAD and 1.5615 CAD. This implies that the price is at +0.04% from its lowest and at -0.41% from its highest.

1.5545
1.5615
1.5551

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days

Technical


Technical analysis of EUR/CAD in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 9 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.5455 1.5482 1.5513 1.5551 1.5578 1.5605 1.5642
Change (%) -0.62% -0.44% -0.24% - +0.17% +0.35% +0.59%
Change -0.0096 -0.0069 -0.0038 - +0.0027 +0.0054 +0.0091
Level Intermediate Minor Major - Intermediate Intermediate Major



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
Standard1.53611.54121.54951.55461.56291.56801.5763
Camarilla1.55421.55541.55671.55791.55911.56041.5616
Woodie1.53781.54201.55121.55541.56461.56881.5780
Fibonacci1.54121.54631.54951.55461.55971.56291.5680


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.32551.39311.46281.53041.60011.66771.7374
Camarilla1.49481.50741.52001.53261.54521.55781.5704
Woodie1.32671.39361.46401.53091.60131.66821.7386
Fibonacci1.39311.44551.47791.53041.58281.61521.6677


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.40321.46751.46941.53371.53561.59991.6018
Camarilla1.45321.45931.46531.47141.47751.48351.4896
Woodie1.37211.45191.43831.51811.50451.58431.5707
Fibonacci1.46751.49281.50841.53371.55901.57461.5999

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): 47.13
MACD (12,26,9): 0.0006
Directional Movement: 4.3905
AROON (14): 21.4286
DEMA (21): 1.5580
Parabolic SAR (0,02-0,02-0,2): 1.5615
Elder Ray (13): -0.0016
Super Trend (3,10): 1.5543
Zig ZAG (10): 1.5552
VORTEX (21): 0.9810
Stochastique (14,3,5): 36.67
TEMA (21): 1.5571
Williams %R (14): -88.57
Chande Momentum Oscillator (20): -0.0046
Repulse (5,40,3): -0.2296
ROCnROLL: -1
TRIX (15,9): 0.0121
Courbe Coppock: 0.24
MA7: 1.5382
MA20: 1.5517
MA50: 1.5559
MA100: 1.5400
MAexp7: 1.5568
MAexp20: 1.5568
MAexp50: 1.5547
MAexp100: 1.5532
Price / MA7: +1.10%
Price / MA20: +0.22%
Price / MA50: -0.05%
Price / MA100: +0.98%
Price / MAexp7: -0.11%
Price / MAexp20: -0.11%
Price / MAexp50: +0.03%
Price / MAexp100: +0.12%

Quotes : 2020-09-09 15:49:13 - Real time data - Forex

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

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