EUR/CAD - 1H - Technical analysis published on 10/19/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 1.5460 CAD
My targets
1.5389 CAD (-0.0052)
1.5213 CAD (-0.0228)
My analysis
The bearish trend is currently very strong for EUR/CAD. As long as the price remains below the resistance at 1.5460 CAD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.5389 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.5213 CAD as an objective. Crossing it would then enable sellers to target 1.4783 CAD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.6
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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
The EUR/CAD rating is 1.5441 CAD. The price is lower by -0.10% since the last closing and was between 1.5431 CAD and 1.5470 CAD. This implies that the price is at +0.06% from its lowest and at -0.19% from its highest.1.5431
1.5470
1.5441
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
Technical
Technical analysis of EUR/CAD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed 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.
On the 18 technical indicators analysed, 5 are bullish, 3 are neutral and 10 are bearish. The Central Indicators scanner found this result concerning these indicators:
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 support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 1.4783 | 1.5213 | 1.5389 | 1.5441 | 1.5460 | 1.5509 | 1.5586 |
| Change (%) | -4.26% | -1.48% | -0.34% | - | +0.12% | +0.44% | +0.94% |
| Change | -0.0658 | -0.0228 | -0.0052 | - | +0.0019 | +0.0068 | +0.0145 |
| Level | Major | Major | Minor | - | Major | Major | 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 | 1.5356 | 1.5397 | 1.5427 | 1.5468 | 1.5498 | 1.5539 | 1.5569 |
| Camarilla | 1.5437 | 1.5443 | 1.5450 | 1.5456 | 1.5463 | 1.5469 | 1.5476 |
| Woodie | 1.5350 | 1.5394 | 1.5421 | 1.5465 | 1.5492 | 1.5536 | 1.5563 |
| Fibonacci | 1.5397 | 1.5425 | 1.5441 | 1.5468 | 1.5496 | 1.5512 | 1.5539 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5252 | 1.5321 | 1.5388 | 1.5457 | 1.5524 | 1.5593 | 1.5660 |
| Camarilla | 1.5419 | 1.5431 | 1.5444 | 1.5456 | 1.5469 | 1.5481 | 1.5493 |
| Woodie | 1.5252 | 1.5321 | 1.5388 | 1.5457 | 1.5524 | 1.5593 | 1.5660 |
| Fibonacci | 1.5321 | 1.5373 | 1.5405 | 1.5457 | 1.5509 | 1.5541 | 1.5593 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5131 | 1.5280 | 1.5441 | 1.5590 | 1.5751 | 1.5900 | 1.6061 |
| Camarilla | 1.5517 | 1.5545 | 1.5574 | 1.5602 | 1.5630 | 1.5659 | 1.5687 |
| Woodie | 1.5137 | 1.5283 | 1.5447 | 1.5593 | 1.5757 | 1.5903 | 1.6067 |
| Fibonacci | 1.5280 | 1.5398 | 1.5472 | 1.5590 | 1.5708 | 1.5782 | 1.5900 |
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): | 38.63 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | -5.4951 | |
| AROON (14): | -42.8572 | |
| DEMA (21): | 1.5440 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5467 | |
| Elder Ray (13): | -0.0008 | |
| Super Trend (3,10): | 1.5475 | |
| Zig ZAG (10): | 1.5440 | |
| VORTEX (21): | 0.8969 | |
| Stochastique (14,3,5): | 20.51 | |
| TEMA (21): | 1.5433 | |
| Williams %R (14): | -74.36 | |
| Chande Momentum Oscillator (20): | -0.0017 | |
| Repulse (5,40,3): | 0.0153 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0076 | |
| Courbe Coppock: | 0.28 |
| MA7: | 1.5468 | |
| MA20: | 1.5555 | |
| MA50: | 1.5577 | |
| MA100: | 1.5501 | |
| MAexp7: | 1.5442 | |
| MAexp20: | 1.5450 | |
| MAexp50: | 1.5459 | |
| MAexp100: | 1.5468 | |
| Price / MA7: | -0.17% | |
| Price / MA20: | -0.73% | |
| Price / MA50: | -0.87% | |
| Price / MA100: | -0.39% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.18% |
Quotes :
2020-10-19 06:39:16
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Real time data
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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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