EUR/CAD - Daily - Technical analysis published on 11/01/2022 (GMT)
- 149
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
22%
39%
39%
My opinion
Neutral between 1.3380 CAD and 1.3551 CAD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on EUR/CAD. It is difficult to advise a trading direction under these conditions. The first resistance is located at 1.3551 CAD. The first support is located at 1.3380 CAD. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this 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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/CAD rating 1.3456 CAD. On the day, this instrument lost -0.01% with the lowest point at 1.3450 CAD and the highest point at 1.3467 CAD. The deviation from the price is +0.04% for the low point and -0.08% for the high point.1.3450
1.3467
1.3456
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 Daily shows an overall slightly bullish trend. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also 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 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish doji star
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.3045 | 1.3189 | 1.3380 | 1.3456 | 1.3551 | 1.3757 | 1.4299 |
| Change (%) | -3.05% | -1.98% | -0.56% | - | +0.71% | +2.24% | +6.26% |
| Change | -0.0411 | -0.0267 | -0.0076 | - | +0.0095 | +0.0301 | +0.0843 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3286 | 1.3370 | 1.3413 | 1.3497 | 1.3540 | 1.3624 | 1.3667 |
| Camarilla | 1.3422 | 1.3434 | 1.3445 | 1.3457 | 1.3469 | 1.3480 | 1.3492 |
| Woodie | 1.3267 | 1.3360 | 1.3394 | 1.3487 | 1.3521 | 1.3614 | 1.3648 |
| Fibonacci | 1.3370 | 1.3418 | 1.3448 | 1.3497 | 1.3545 | 1.3575 | 1.3624 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3156 | 1.3293 | 1.3422 | 1.3559 | 1.3688 | 1.3825 | 1.3954 |
| Camarilla | 1.3477 | 1.3501 | 1.3526 | 1.3550 | 1.3574 | 1.3599 | 1.3623 |
| Woodie | 1.3151 | 1.3291 | 1.3417 | 1.3557 | 1.3683 | 1.3823 | 1.3949 |
| Fibonacci | 1.3293 | 1.3395 | 1.3458 | 1.3559 | 1.3661 | 1.3724 | 1.3825 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2865 | 1.3080 | 1.3268 | 1.3483 | 1.3671 | 1.3886 | 1.4074 |
| Camarilla | 1.3346 | 1.3383 | 1.3420 | 1.3457 | 1.3494 | 1.3531 | 1.3568 |
| Woodie | 1.2853 | 1.3073 | 1.3256 | 1.3476 | 1.3659 | 1.3879 | 1.4062 |
| Fibonacci | 1.3080 | 1.3234 | 1.3329 | 1.3483 | 1.3637 | 1.3732 | 1.3886 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.04 | |
| MACD (12,26,9): | 0.0056 | |
| Directional Movement: | 8.2040 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 1.3550 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.3692 | |
| Elder Ray (13): | -0.0036 | |
| Super Trend (3,10): | 1.3270 | |
| Zig ZAG (10): | 1.3453 | |
| VORTEX (21): | 1.0369 | |
| Stochastique (14,3,5): | 38.51 | |
| TEMA (21): | 1.3545 | |
| Williams %R (14): | -78.71 | |
| Chande Momentum Oscillator (20): | -0.0046 | |
| Repulse (5,40,3): | -0.8353 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0785 | |
| Courbe Coppock: | 1.27 |
| MA7: | 1.3537 | |
| MA20: | 1.3479 | |
| MA50: | 1.3300 | |
| MA100: | 1.3274 | |
| MAexp7: | 1.3504 | |
| MAexp20: | 1.3468 | |
| MAexp50: | 1.3369 | |
| MAexp100: | 1.3377 | |
| Price / MA7: | -0.60% | |
| Price / MA20: | -0.17% | |
| Price / MA50: | +1.17% | |
| Price / MA100: | +1.37% | |
| Price / MAexp7: | -0.36% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | +0.65% | |
| Price / MAexp100: | +0.59% |
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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