EUR/CAD - 1H - Technical analysis published on 04/05/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 1.4770 CAD
My targets
1.4801 CAD (+0.0015)
1.4838 CAD (+0.0052)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade EUR/CAD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.4770 CAD. The buyers” bullish objective is set at 1.4801 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.4838 CAD. If there is any crossing, the next objective would be the resistance located at 1.4894 CAD. If there is a bearish break in the support located at 1.4770 CAD some indecision would arise.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
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 1.4786 CAD. On the day, this instrument lost -0.03% and was between 1.4780 CAD and 1.4802 CAD. This implies that the price is at +0.04% from its lowest and at -0.11% from its highest.1.4780
1.4802
1.4786
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/CAD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/CAD chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. 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 on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
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 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4724 | 1.4752 | 1.4770 | 1.4786 | 1.4801 | 1.4838 | 1.4894 |
| Change (%) | -0.42% | -0.23% | -0.11% | - | +0.10% | +0.35% | +0.73% |
| Change | -0.0062 | -0.0034 | -0.0016 | - | +0.0015 | +0.0052 | +0.0108 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Major |
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 | 1.4701 | 1.4725 | 1.4758 | 1.4782 | 1.4815 | 1.4839 | 1.4872 |
| Camarilla | 1.4775 | 1.4781 | 1.4786 | 1.4791 | 1.4796 | 1.4802 | 1.4807 |
| Woodie | 1.4706 | 1.4727 | 1.4763 | 1.4784 | 1.4820 | 1.4841 | 1.4877 |
| Fibonacci | 1.4725 | 1.4747 | 1.4760 | 1.4782 | 1.4804 | 1.4817 | 1.4839 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4573 | 1.4648 | 1.4720 | 1.4795 | 1.4867 | 1.4942 | 1.5014 |
| Camarilla | 1.4751 | 1.4764 | 1.4778 | 1.4791 | 1.4805 | 1.4818 | 1.4831 |
| Woodie | 1.4571 | 1.4647 | 1.4718 | 1.4794 | 1.4865 | 1.4941 | 1.5012 |
| Fibonacci | 1.4648 | 1.4705 | 1.4739 | 1.4795 | 1.4852 | 1.4886 | 1.4942 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3851 | 1.4287 | 1.4511 | 1.4947 | 1.5171 | 1.5607 | 1.5831 |
| Camarilla | 1.4553 | 1.4613 | 1.4674 | 1.4734 | 1.4795 | 1.4855 | 1.4916 |
| Woodie | 1.3744 | 1.4234 | 1.4404 | 1.4894 | 1.5064 | 1.5554 | 1.5724 |
| Fibonacci | 1.4287 | 1.4540 | 1.4695 | 1.4947 | 1.5200 | 1.5355 | 1.5607 |
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): | 53.07 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | 5.9364 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 1.4793 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4768 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 1.4763 | |
| Zig ZAG (10): | 1.4786 | |
| VORTEX (21): | 1.0034 | |
| Stochastique (14,3,5): | 66.95 | |
| TEMA (21): | 1.4794 | |
| Williams %R (14): | -57.69 | |
| Chande Momentum Oscillator (20): | 0.0004 | |
| Repulse (5,40,3): | -0.0409 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0041 | |
| Courbe Coppock: | 0.14 |
| MA7: | 1.4792 | |
| MA20: | 1.4871 | |
| MA50: | 1.5152 | |
| MA100: | 1.5345 | |
| MAexp7: | 1.4792 | |
| MAexp20: | 1.4787 | |
| MAexp50: | 1.4782 | |
| MAexp100: | 1.4788 | |
| Price / MA7: | -0.04% | |
| Price / MA20: | -0.57% | |
| Price / MA50: | -2.42% | |
| Price / MA100: | -3.64% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | -0.01% |
Quotes :
2021-04-05 06:38:31
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Real time data
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Forex
News
The latest news and videos published on EUR/CAD at the time of the analysis were 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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