EUR/CAD - 1H - Technical analysis published on 12/30/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Slightly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.5716 CAD
My targets
1.5641 CAD (-0.0031)
1.5610 CAD (-0.0062)
My analysis
The basic trend is currently slightly bearish on EUR/CAD and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 1.5716 CAD, sales could be favoured. The first bearish objective would be located at 1.5641 CAD. Sellers would then use the next support located at 1.5610 CAD as an objective. Crossing it would then enable sellers to target 1.5547 CAD. A return to above the resistance at 1.5716 CAD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
4.3
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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 1.5672 CAD. The price registered a decrease of -0.23% on the session and was traded between 1.5663 CAD and 1.5740 CAD over the period. The price is currently at +0.06% from its lowest and -0.43% from its highest.1.5663
1.5740
1.5672
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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
Technical
Technical analysis of this 1H chart of EUR/CAD indicates that the overall trend is slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend is not supported by the signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
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
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.5610 | 1.5641 | 1.5661 | 1.5672 | 1.5687 | 1.5716 | 1.5786 |
| Change (%) | -0.40% | -0.20% | -0.07% | - | +0.10% | +0.28% | +0.73% |
| Change | -0.0062 | -0.0031 | -0.0011 | - | +0.0015 | +0.0044 | +0.0114 |
| Level | Intermediate | Major | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5616 | 1.5638 | 1.5673 | 1.5695 | 1.5730 | 1.5752 | 1.5787 |
| Camarilla | 1.5692 | 1.5698 | 1.5703 | 1.5708 | 1.5713 | 1.5718 | 1.5724 |
| Woodie | 1.5623 | 1.5641 | 1.5680 | 1.5698 | 1.5737 | 1.5755 | 1.5794 |
| Fibonacci | 1.5638 | 1.5660 | 1.5673 | 1.5695 | 1.5717 | 1.5730 | 1.5752 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5417 | 1.5514 | 1.5593 | 1.5690 | 1.5769 | 1.5866 | 1.5945 |
| Camarilla | 1.5625 | 1.5641 | 1.5657 | 1.5673 | 1.5689 | 1.5705 | 1.5721 |
| Woodie | 1.5409 | 1.5510 | 1.5585 | 1.5686 | 1.5761 | 1.5862 | 1.5937 |
| Fibonacci | 1.5514 | 1.5581 | 1.5622 | 1.5690 | 1.5757 | 1.5798 | 1.5866 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5081 | 1.5197 | 1.5353 | 1.5469 | 1.5625 | 1.5741 | 1.5897 |
| Camarilla | 1.5434 | 1.5459 | 1.5484 | 1.5509 | 1.5534 | 1.5559 | 1.5584 |
| Woodie | 1.5101 | 1.5207 | 1.5373 | 1.5479 | 1.5645 | 1.5751 | 1.5917 |
| Fibonacci | 1.5197 | 1.5301 | 1.5365 | 1.5469 | 1.5573 | 1.5637 | 1.5741 |
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): | 44.52 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -4.8770 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 1.5695 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5737 | |
| Elder Ray (13): | -0.0019 | |
| Super Trend (3,10): | 1.5667 | |
| Zig ZAG (10): | 1.5677 | |
| VORTEX (21): | 0.9660 | |
| Stochastique (14,3,5): | 22.06 | |
| TEMA (21): | 1.5689 | |
| Williams %R (14): | -80.00 | |
| Chande Momentum Oscillator (20): | -0.0040 | |
| Repulse (5,40,3): | -0.1433 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0003 | |
| Courbe Coppock: | 0.31 |
| MA7: | 1.5692 | |
| MA20: | 1.5592 | |
| MA50: | 1.5539 | |
| MA100: | 1.5558 | |
| MAexp7: | 1.5694 | |
| MAexp20: | 1.5697 | |
| MAexp50: | 1.5697 | |
| MAexp100: | 1.5691 | |
| Price / MA7: | -0.13% | |
| Price / MA20: | +0.51% | |
| Price / MA50: | +0.86% | |
| Price / MA100: | +0.73% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.12% |
Quotes :
2020-12-30 17:20:26
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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
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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
-
Bullish Divergence – EURCAD
This member declared not having a position on this financial instrument or a related financial instrument.
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