EUR/CAD - 1H - Technical analysis published on 09/01/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 1.3127 CAD
My targets
1.3245 CAD (+0.0053)
1.3380 CAD (+0.0188)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/CAD as long as the price remains well above 1.3127 CAD. The buyers' bullish objective is set at 1.3245 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.3380 CAD. If there is any crossing, the next objective would be the resistance located at 1.3695 CAD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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Additional analysis
Quotes
The EUR/CAD rating is 1.3192 CAD. The price registered a decrease of -0.01% on the session and was between 1.3185 CAD and 1.3198 CAD. This implies that the price is at +0.05% from its lowest and at -0.05% from its highest.1.3185
1.3198
1.3192
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 LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/CAD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 1.2975 | 1.3042 | 1.3127 | 1.3192 | 1.3380 | 1.3695 | 1.4142 |
| Change (%) | -1.64% | -1.14% | -0.49% | - | +1.43% | +3.81% | +7.20% |
| Change | -0.0217 | -0.0150 | -0.0065 | - | +0.0188 | +0.0503 | +0.0950 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | Minor |
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 | 1.2975 | 1.3025 | 1.3109 | 1.3159 | 1.3243 | 1.3293 | 1.3377 |
| Camarilla | 1.3156 | 1.3168 | 1.3181 | 1.3193 | 1.3205 | 1.3218 | 1.3230 |
| Woodie | 1.2992 | 1.3034 | 1.3126 | 1.3168 | 1.3260 | 1.3302 | 1.3394 |
| Fibonacci | 1.3025 | 1.3076 | 1.3108 | 1.3159 | 1.3210 | 1.3242 | 1.3293 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2723 | 1.2800 | 1.2897 | 1.2974 | 1.3071 | 1.3148 | 1.3245 |
| Camarilla | 1.2947 | 1.2963 | 1.2979 | 1.2995 | 1.3011 | 1.3027 | 1.3043 |
| Woodie | 1.2734 | 1.2805 | 1.2908 | 1.2979 | 1.3082 | 1.3153 | 1.3256 |
| Fibonacci | 1.2800 | 1.2866 | 1.2907 | 1.2974 | 1.3040 | 1.3081 | 1.3148 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2557 | 1.2716 | 1.2955 | 1.3114 | 1.3353 | 1.3512 | 1.3751 |
| Camarilla | 1.3084 | 1.3120 | 1.3157 | 1.3193 | 1.3230 | 1.3266 | 1.3303 |
| Woodie | 1.2596 | 1.2736 | 1.2994 | 1.3134 | 1.3392 | 1.3532 | 1.3790 |
| Fibonacci | 1.2716 | 1.2868 | 1.2962 | 1.3114 | 1.3266 | 1.3360 | 1.3512 |
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): | 66.73 | |
| MACD (12,26,9): | 0.0028 | |
| Directional Movement: | 19.1270 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 1.3201 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3179 | |
| Elder Ray (13): | 0.0015 | |
| Super Trend (3,10): | 1.3138 | |
| Zig ZAG (10): | 1.3196 | |
| VORTEX (21): | 1.1584 | |
| Stochastique (14,3,5): | 86.98 | |
| TEMA (21): | 1.3207 | |
| Williams %R (14): | -12.15 | |
| Chande Momentum Oscillator (20): | 0.0060 | |
| Repulse (5,40,3): | 0.0269 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0296 | |
| Courbe Coppock: | 1.32 |
| MA7: | 1.3051 | |
| MA20: | 1.3077 | |
| MA50: | 1.3166 | |
| MA100: | 1.3370 | |
| MAexp7: | 1.3191 | |
| MAexp20: | 1.3164 | |
| MAexp50: | 1.3114 | |
| MAexp100: | 1.3067 | |
| Price / MA7: | +1.08% | |
| Price / MA20: | +0.88% | |
| Price / MA50: | +0.20% | |
| Price / MA100: | -1.33% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.59% | |
| Price / MAexp100: | +0.96% |
Quotes :
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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:
-
Forex Analysis: EUR/USD, GBP/USD, EUR/CAD - Amana Capital
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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
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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…
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