EUR/CAD - 1H - Technical analysis published on 02/15/2021 (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:
Strongly bearish
De fond:
Bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 1.5398 CAD
My targets
1.5343 CAD (-0.0039)
1.5312 CAD (-0.0070)
My analysis
In the short term, we can see an acceleration in the bearish trend on EUR/CAD, which is a positive signal for sellers. As long as the price remains above 1.5398 CAD, a sale could be considered. The first bearish objective is located at 1.5343 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.5312 CAD as an objective. Crossing it would then enable sellers to target 1.5300 CAD. If the price were to return above 1.5398 CAD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
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
The EUR/CAD rating is 1.5382 CAD. The price is lower by -0.03% since the last closing and was traded between 1.5366 CAD and 1.5387 CAD over the period. The price is currently at +0.10% from its lowest and -0.03% from its highest.1.5366
1.5387
1.5382
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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
Technical
Technical analysis of this 1H chart of EUR/CAD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel 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 | 1.5312 | 1.5343 | 1.5367 | 1.5382 | 1.5387 | 1.5398 | 1.5411 |
| Change (%) | -0.46% | -0.25% | -0.10% | - | +0.03% | +0.10% | +0.19% |
| Change | -0.0070 | -0.0039 | -0.0015 | - | +0.0005 | +0.0016 | +0.0029 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5288 | 1.5331 | 1.5358 | 1.5401 | 1.5428 | 1.5471 | 1.5498 |
| Camarilla | 1.5367 | 1.5373 | 1.5380 | 1.5386 | 1.5392 | 1.5399 | 1.5405 |
| Woodie | 1.5281 | 1.5327 | 1.5351 | 1.5397 | 1.5421 | 1.5467 | 1.5491 |
| Fibonacci | 1.5331 | 1.5357 | 1.5374 | 1.5401 | 1.5427 | 1.5444 | 1.5471 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.5238 | 1.5291 | 1.5338 | 1.5391 | 1.5438 | 1.5491 | 1.5538 |
| Camarilla | 1.5359 | 1.5368 | 1.5377 | 1.5386 | 1.5395 | 1.5404 | 1.5414 |
| Woodie | 1.5236 | 1.5290 | 1.5336 | 1.5390 | 1.5436 | 1.5490 | 1.5536 |
| Fibonacci | 1.5291 | 1.5329 | 1.5353 | 1.5391 | 1.5429 | 1.5453 | 1.5491 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4876 | 1.5072 | 1.5289 | 1.5485 | 1.5702 | 1.5898 | 1.6115 |
| Camarilla | 1.5392 | 1.5430 | 1.5468 | 1.5506 | 1.5544 | 1.5582 | 1.5620 |
| Woodie | 1.4887 | 1.5077 | 1.5300 | 1.5490 | 1.5713 | 1.5903 | 1.6126 |
| Fibonacci | 1.5072 | 1.5230 | 1.5327 | 1.5485 | 1.5643 | 1.5740 | 1.5898 |
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): | 39.38 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -6.4455 | |
| AROON (14): | -21.4285 | |
| DEMA (21): | 1.5374 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5366 | |
| Elder Ray (13): | -0.0002 | |
| Super Trend (3,10): | 1.5403 | |
| Zig ZAG (10): | 1.5378 | |
| VORTEX (21): | 0.8346 | |
| Stochastique (14,3,5): | 34.19 | |
| TEMA (21): | 1.5368 | |
| Williams %R (14): | -53.33 | |
| Chande Momentum Oscillator (20): | -0.0014 | |
| Repulse (5,40,3): | 0.0239 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0076 | |
| Courbe Coppock: | 0.27 |
| MA7: | 1.5381 | |
| MA20: | 1.5420 | |
| MA50: | 1.5503 | |
| MA100: | 1.5515 | |
| MAexp7: | 1.5377 | |
| MAexp20: | 1.5384 | |
| MAexp50: | 1.5392 | |
| MAexp100: | 1.5392 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | -0.25% | |
| Price / MA50: | -0.78% | |
| Price / MA100: | -0.86% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.06% |
Quotes :
2021-02-15 07:40:40
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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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