EUR/CAD - 1H - Technical analysis published on 09/06/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
72%
0%
28%
My opinion
Neutral between 1.3001 CAD and 1.3129 CAD
My targets
-
My analysis
The short-term increase on EUR/CAD remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 1.3129 CAD. The first support is located at 1.3001 CAD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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Additional analysis
Quotes
The EUR/CAD rating is 1.3064 CAD. The price is lower by -0.01% since the last closing and was traded between 1.3042 CAD and 1.3093 CAD over the period. The price is currently at +0.17% from its lowest and -0.22% from its highest.1.3042
1.3093
1.3064
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/CAD in 1H shows an overall slightly bearish trend. Only 50.00% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Williams %R indicator is back over -50
Type : Bullish
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 resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 1.2901 | 1.2954 | 1.3001 | 1.3064 | 1.3074 | 1.3129 | 1.3209 |
| Change (%) | -1.25% | -0.84% | -0.48% | - | +0.08% | +0.50% | +1.11% |
| Change | -0.0163 | -0.0110 | -0.0063 | - | +0.0010 | +0.0065 | +0.0145 |
| Level | Intermediate | Intermediate | Minor | - | Major | Major | 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 | 1.2945 | 1.2972 | 1.3019 | 1.3046 | 1.3093 | 1.3120 | 1.3167 |
| Camarilla | 1.3045 | 1.3051 | 1.3058 | 1.3065 | 1.3072 | 1.3079 | 1.3085 |
| Woodie | 1.2954 | 1.2977 | 1.3028 | 1.3051 | 1.3102 | 1.3125 | 1.3176 |
| Fibonacci | 1.2972 | 1.3001 | 1.3018 | 1.3046 | 1.3075 | 1.3092 | 1.3120 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2648 | 1.2801 | 1.2938 | 1.3091 | 1.3228 | 1.3381 | 1.3518 |
| Camarilla | 1.2994 | 1.3021 | 1.3047 | 1.3074 | 1.3101 | 1.3127 | 1.3154 |
| Woodie | 1.2639 | 1.2797 | 1.2929 | 1.3087 | 1.3219 | 1.3377 | 1.3509 |
| Fibonacci | 1.2801 | 1.2912 | 1.2981 | 1.3091 | 1.3202 | 1.3271 | 1.3381 |
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): | 57.33 | |
| MACD (12,26,9): | 0.0004 | |
| Directional Movement: | 9.7555 | |
| AROON (14): | 21.4285 | |
| DEMA (21): | 1.3063 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3043 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 1.3026 | |
| Zig ZAG (10): | 1.3077 | |
| VORTEX (21): | 1.0634 | |
| Stochastique (14,3,5): | 58.82 | |
| TEMA (21): | 1.3074 | |
| Williams %R (14): | -31.37 | |
| Chande Momentum Oscillator (20): | 0.0023 | |
| Repulse (5,40,3): | 0.1495 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0013 | |
| Courbe Coppock: | 0.30 |
| MA7: | 1.3090 | |
| MA20: | 1.3061 | |
| MA50: | 1.3133 | |
| MA100: | 1.3353 | |
| MAexp7: | 1.3068 | |
| MAexp20: | 1.3060 | |
| MAexp50: | 1.3066 | |
| MAexp100: | 1.3071 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | +0.02% | |
| Price / MA50: | -0.53% | |
| Price / MA100: | -2.16% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | -0.05% |
Quotes :
-
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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