EUR/CAD - 1H - Technical analysis published on 10/17/2022 (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
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 1.3446 CAD
My targets
1.3527 CAD (+0.0029)
1.3554 CAD (+0.0056)
My analysis
The basic bullish trend is very strong on EUR/CAD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1.3446 CAD. Crossing the first resistance at 1.3527 CAD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.3554 CAD as an objective. Crossing it would then enable buyers to target 1.3695 CAD. Caution, a return to below 1.3446 CAD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
0
10
7.1
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Additional analysis
Quotes
The EUR/CAD rating is 1.3498 CAD. The price is lower by -0.01% since the last closing and was traded between 1.3431 CAD and 1.3513 CAD over the period. The price is currently at +0.50% from its lowest and -0.11% from its highest.1.3431
1.3513
1.3498
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
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
Support of channel is broken
Type : Bearish
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 | 1.3380 | 1.3446 | 1.3497 | 1.3498 | 1.3527 | 1.3554 | 1.3695 |
| Change (%) | -0.87% | -0.39% | -0.01% | - | +0.21% | +0.41% | +1.46% |
| Change | -0.0118 | -0.0052 | -0.0001 | - | +0.0029 | +0.0056 | +0.0197 |
| Level | Major | Intermediate | Minor | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3300 | 1.3356 | 1.3427 | 1.3483 | 1.3554 | 1.3610 | 1.3681 |
| Camarilla | 1.3464 | 1.3476 | 1.3487 | 1.3499 | 1.3511 | 1.3522 | 1.3534 |
| Woodie | 1.3309 | 1.3360 | 1.3436 | 1.3487 | 1.3563 | 1.3614 | 1.3690 |
| Fibonacci | 1.3356 | 1.3404 | 1.3434 | 1.3483 | 1.3531 | 1.3561 | 1.3610 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3105 | 1.3200 | 1.3349 | 1.3444 | 1.3593 | 1.3688 | 1.3837 |
| Camarilla | 1.3432 | 1.3454 | 1.3477 | 1.3499 | 1.3521 | 1.3544 | 1.3566 |
| Woodie | 1.3133 | 1.3214 | 1.3377 | 1.3458 | 1.3621 | 1.3702 | 1.3865 |
| Fibonacci | 1.3200 | 1.3293 | 1.3351 | 1.3444 | 1.3537 | 1.3595 | 1.3688 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2579 | 1.2779 | 1.3166 | 1.3366 | 1.3753 | 1.3953 | 1.4340 |
| Camarilla | 1.3393 | 1.3446 | 1.3500 | 1.3554 | 1.3608 | 1.3662 | 1.3715 |
| Woodie | 1.2674 | 1.2826 | 1.3261 | 1.3413 | 1.3848 | 1.4000 | 1.4435 |
| Fibonacci | 1.2779 | 1.3003 | 1.3141 | 1.3366 | 1.3590 | 1.3728 | 1.3953 |
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): | 58.83 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 3.4950 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 1.3472 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3432 | |
| Elder Ray (13): | 0.0013 | |
| Super Trend (3,10): | 1.3429 | |
| Zig ZAG (10): | 1.3495 | |
| VORTEX (21): | 0.9213 | |
| Stochastique (14,3,5): | 59.93 | |
| TEMA (21): | 1.3465 | |
| Williams %R (14): | -8.57 | |
| Chande Momentum Oscillator (20): | 0.0021 | |
| Repulse (5,40,3): | 0.3712 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0011 | |
| Courbe Coppock: | 0.36 |
| MA7: | 1.3427 | |
| MA20: | 1.3370 | |
| MA50: | 1.3205 | |
| MA100: | 1.3270 | |
| MAexp7: | 1.3470 | |
| MAexp20: | 1.3470 | |
| MAexp50: | 1.3460 | |
| MAexp100: | 1.3444 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | +0.96% | |
| Price / MA50: | +2.22% | |
| Price / MA100: | +1.72% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.40% |
Quotes :
-
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
-
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.
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