EUR/CAD - 1H - Technical analysis published on 11/16/2020 (GMT)
- 137
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 1.5507 CAD
My targets
1.5411 CAD (-0.0064)
1.5331 CAD (-0.0144)
My analysis
EUR/CAD is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 1.5507 CAD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 1.5411 CAD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 1.5331 CAD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 1.5212 CAD. Beware of a possible return to above the resistance located at 1.5507 CAD which would be a sign of a correction of the short-term bearish excesses registered.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.4
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:
Additional analysis
Quotes
The EUR/CAD rating is 1.5475 CAD. The price is lower by -0.46% since the last closing and was traded between 1.5463 CAD and 1.5565 CAD over the period. The price is currently at +0.08% from its lowest and -0.58% from its highest.1.5463
1.5565
1.5475
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/CAD:
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 an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 5 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
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 | 1.5331 | 1.5411 | 1.5465 | 1.5475 | 1.5507 | 1.5554 | 1.5577 |
| Change (%) | -0.93% | -0.41% | -0.06% | - | +0.21% | +0.51% | +0.66% |
| Change | -0.0144 | -0.0064 | -0.0010 | - | +0.0032 | +0.0079 | +0.0102 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5436 | 1.5471 | 1.5508 | 1.5543 | 1.5580 | 1.5615 | 1.5652 |
| Camarilla | 1.5526 | 1.5533 | 1.5539 | 1.5546 | 1.5553 | 1.5559 | 1.5566 |
| Woodie | 1.5438 | 1.5472 | 1.5510 | 1.5544 | 1.5582 | 1.5616 | 1.5654 |
| Fibonacci | 1.5471 | 1.5498 | 1.5515 | 1.5543 | 1.5570 | 1.5587 | 1.5615 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5116 | 1.5215 | 1.5380 | 1.5479 | 1.5644 | 1.5743 | 1.5908 |
| Camarilla | 1.5473 | 1.5498 | 1.5522 | 1.5546 | 1.5570 | 1.5594 | 1.5619 |
| Woodie | 1.5150 | 1.5232 | 1.5414 | 1.5496 | 1.5678 | 1.5760 | 1.5942 |
| Fibonacci | 1.5215 | 1.5316 | 1.5378 | 1.5479 | 1.5580 | 1.5642 | 1.5743 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5090 | 1.5240 | 1.5371 | 1.5521 | 1.5652 | 1.5802 | 1.5933 |
| Camarilla | 1.5426 | 1.5452 | 1.5477 | 1.5503 | 1.5529 | 1.5555 | 1.5580 |
| Woodie | 1.5082 | 1.5235 | 1.5363 | 1.5516 | 1.5644 | 1.5797 | 1.5925 |
| Fibonacci | 1.5240 | 1.5347 | 1.5413 | 1.5521 | 1.5628 | 1.5694 | 1.5802 |
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): | 35.60 | |
| MACD (12,26,9): | -0.0014 | |
| Directional Movement: | -13.0659 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 1.5495 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5510 | |
| Elder Ray (13): | -0.0025 | |
| Super Trend (3,10): | 1.5540 | |
| Zig ZAG (10): | 1.5475 | |
| VORTEX (21): | 0.8054 | |
| Stochastique (14,3,5): | 12.92 | |
| TEMA (21): | 1.5474 | |
| Williams %R (14): | -83.13 | |
| Chande Momentum Oscillator (20): | -0.0062 | |
| Repulse (5,40,3): | -0.1006 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0057 | |
| Courbe Coppock: | 0.69 |
| MA7: | 1.5455 | |
| MA20: | 1.5494 | |
| MA50: | 1.5541 | |
| MA100: | 1.5549 | |
| MAexp7: | 1.5486 | |
| MAexp20: | 1.5509 | |
| MAexp50: | 1.5506 | |
| MAexp100: | 1.5482 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | -0.12% | |
| Price / MA50: | -0.42% | |
| Price / MA100: | -0.48% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.05% |
Quotes :
2020-11-16 16:30:09
-
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:
-
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/CAD - 1H