EUR/CAD - 1H - Technical analysis published on 09/29/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 1.5677 CAD
My targets
1.5790 CAD (+0.0075)
1.5879 CAD (+0.0164)
My analysis
EUR/CAD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.5677 CAD. The next resistance located at 1.5790 CAD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.5879 CAD. After this resistance, buyers could then target 1.6139 CAD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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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 1.5715 CAD. The price has increased by +0.76% since the last closing and was between 1.5598 CAD and 1.5739 CAD. This implies that the price is at +0.75% from its lowest and at -0.15% from its highest.1.5598
1.5739
1.5715
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/CAD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel 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 | 1.5642 | 1.5657 | 1.5677 | 1.5715 | 1.5879 | 1.6139 | 1.6654 |
| Change (%) | -0.46% | -0.37% | -0.24% | - | +1.04% | +2.70% | +5.98% |
| Change | -0.0073 | -0.0058 | -0.0038 | - | +0.0164 | +0.0424 | +0.0939 |
| Level | Major | Intermediate | Minor | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5476 | 1.5513 | 1.5555 | 1.5592 | 1.5634 | 1.5671 | 1.5713 |
| Camarilla | 1.5575 | 1.5583 | 1.5590 | 1.5597 | 1.5604 | 1.5612 | 1.5619 |
| Woodie | 1.5479 | 1.5514 | 1.5558 | 1.5593 | 1.5637 | 1.5672 | 1.5716 |
| Fibonacci | 1.5513 | 1.5543 | 1.5562 | 1.5592 | 1.5622 | 1.5641 | 1.5671 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5379 | 1.5459 | 1.5516 | 1.5596 | 1.5653 | 1.5733 | 1.5790 |
| Camarilla | 1.5534 | 1.5547 | 1.5559 | 1.5572 | 1.5585 | 1.5597 | 1.5610 |
| Woodie | 1.5367 | 1.5453 | 1.5504 | 1.5590 | 1.5641 | 1.5727 | 1.5778 |
| Fibonacci | 1.5459 | 1.5512 | 1.5544 | 1.5596 | 1.5649 | 1.5681 | 1.5733 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5062 | 1.5266 | 1.5416 | 1.5620 | 1.5770 | 1.5974 | 1.6124 |
| Camarilla | 1.5468 | 1.5500 | 1.5533 | 1.5565 | 1.5598 | 1.5630 | 1.5662 |
| Woodie | 1.5034 | 1.5253 | 1.5388 | 1.5607 | 1.5742 | 1.5961 | 1.6096 |
| Fibonacci | 1.5266 | 1.5402 | 1.5485 | 1.5620 | 1.5756 | 1.5839 | 1.5974 |
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): | 75.30 | |
| MACD (12,26,9): | 0.0028 | |
| Directional Movement: | 32.7369 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 1.5672 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5627 | |
| Elder Ray (13): | 0.0070 | |
| Super Trend (3,10): | 1.5655 | |
| Zig ZAG (10): | 1.5714 | |
| VORTEX (21): | 1.2993 | |
| Stochastique (14,3,5): | 89.11 | |
| TEMA (21): | 1.5688 | |
| Williams %R (14): | -21.32 | |
| Chande Momentum Oscillator (20): | 0.0091 | |
| Repulse (5,40,3): | 0.2431 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0143 | |
| Courbe Coppock: | 0.83 |
| MA7: | 1.5613 | |
| MA20: | 1.5579 | |
| MA50: | 1.5627 | |
| MA100: | 1.5458 | |
| MAexp7: | 1.5679 | |
| MAexp20: | 1.5648 | |
| MAexp50: | 1.5619 | |
| MAexp100: | 1.5607 | |
| Price / MA7: | +0.65% | |
| Price / MA20: | +0.87% | |
| Price / MA50: | +0.56% | |
| Price / MA100: | +1.66% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +0.43% | |
| Price / MAexp50: | +0.61% | |
| Price / MAexp100: | +0.69% |
Quotes :
2020-09-29 16:09:39
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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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