EUR/CAD

- CAD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURCAD
ISIN:

EUR/CAD - Daily - Technical analysis published on 09/30/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

11%

My opinion

Bullish above 1.3129 CAD

My targets

1.3695 CAD (+0.0303)

1.4142 CAD (+0.0750)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on EUR/CAD. This is a positive signal for buyers. As long as the price remains above 1.3129 CAD, a purchase could be considered. The first bullish objective is located at 1.3695 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.4142 CAD as an objective. Crossing it would then enable buyers to target 1.4299 CAD. In the event of a return below 1.3129 CAD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by gioviforex. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/CAD price is 1.3392 CAD. The price registered a decrease of -0.37% on the session with the lowest point at 1.3387 CAD and the highest point at 1.3465 CAD. The deviation from the price is +0.04% for the low point and -0.54% for the high point.

1.3387

1.3465

1.3392

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:

The Central Records scanner for higher/lower results shows the following items:

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

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of EUR/CAD in Daily shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

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 : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish doji star

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.2497	1.2901	1.3129	1.3392	1.3414	1.3695	1.4142
Change (%)	-6.68%	-3.67%	-1.96%	-	+0.16%	+2.26%	+5.60%
Change	-0.0895	-0.0491	-0.0263	-	+0.0022	+0.0303	+0.0750
Level	Intermediate	Major	Major	-	Intermediate	Intermediate	Minor

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	1.3047	1.3132	1.3286	1.3371	1.3525	1.3610	1.3764
Camarilla	1.3375	1.3397	1.3419	1.3441	1.3463	1.3485	1.3507
Woodie	1.3083	1.3149	1.3322	1.3388	1.3561	1.3627	1.3800
Fibonacci	1.3132	1.3223	1.3279	1.3371	1.3462	1.3518	1.3610

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.2920	1.3035	1.3104	1.3219	1.3288	1.3403	1.3472
Camarilla	1.3121	1.3138	1.3155	1.3172	1.3189	1.3206	1.3223
Woodie	1.2896	1.3024	1.3080	1.3208	1.3264	1.3392	1.3448
Fibonacci	1.3035	1.3106	1.3149	1.3219	1.3290	1.3333	1.3403

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):	64.04
MACD (12,26,9):	0.0058
Directional Movement:	8.5179
AROON (14):	28.5714
DEMA (21):	1.3290
Parabolic SAR (0,02-0,02-0,2):	1.3010
Elder Ray (13):	0.0175
Super Trend (3,10):	1.3051
Zig ZAG (10):	1.3400
VORTEX (21):	1.1230
Stochastique (14,3,5):	83.72
TEMA (21):	1.3345
Williams %R (14):	-13.79
Chande Momentum Oscillator (20):	0.0262
Repulse (5,40,3):	1.1184
ROCnROLL:	1
TRIX (15,9):	0.0464
Courbe Coppock:	2.58

MA7:	1.3266
MA20:	1.3203
MA50:	1.3130
MA100:	1.3287
MAexp7:	1.3302
MAexp20:	1.3224
MAexp50:	1.3200
MAexp100:	1.3313
Price / MA7:	+0.95%
Price / MA20:	+1.43%
Price / MA50:	+2.00%
Price / MA100:	+0.79%
Price / MAexp7:	+0.68%
Price / MAexp20:	+1.27%
Price / MAexp50:	+1.45%
Price / MAexp100:	+0.59%

Quotes : - Real time data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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