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 11/30/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 1.3909 CAD

My targets

1.4173 CAD (+0.0149)

1.4299 CAD (+0.0275)

My analysis

The bullish trend is currently very strong on EUR/CAD. As long as the price remains above the support at 1.3909 CAD, you could try to benefit from the boom. The first bullish objective is located at 1.4173 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.4299 CAD as an objective. Crossing it would then enable buyers to target 1.4622 CAD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.6

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.

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Additional analysis

Quotes

The EUR/CAD price is 1.4024 CAD. On the day, this instrument lost -0.01% and was traded between 1.3997 CAD and 1.4057 CAD over the period. The price is currently at +0.19% from its lowest and -0.23% from its highest.

1.3997

1.4057

1.4024

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this EUR/CAD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

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 1

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.3380	1.3682	1.3909	1.4024	1.4173	1.4299	1.4622
Change (%)	-4.59%	-2.44%	-0.82%	-	+1.06%	+1.96%	+4.26%
Change	-0.0644	-0.0342	-0.0115	-	+0.0149	+0.0275	+0.0598
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3671	1.3782	1.3904	1.4015	1.4137	1.4248	1.4370
Camarilla	1.3961	1.3982	1.4004	1.4025	1.4046	1.4068	1.4089
Woodie	1.3676	1.3785	1.3909	1.4018	1.4142	1.4251	1.4375
Fibonacci	1.3782	1.3871	1.3926	1.4015	1.4104	1.4159	1.4248

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.3588	1.3661	1.3787	1.3860	1.3986	1.4059	1.4185
Camarilla	1.3857	1.3876	1.3894	1.3912	1.3930	1.3949	1.3967
Woodie	1.3614	1.3674	1.3813	1.3873	1.4012	1.4072	1.4211
Fibonacci	1.3661	1.3737	1.3784	1.3860	1.3936	1.3983	1.4059

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):	74.20
MACD (12,26,9):	0.0132
Directional Movement:	22.8796
AROON (14):	92.8571
DEMA (21):	1.3956
Parabolic SAR (0,02-0,02-0,2):	1.3886
Elder Ray (13):	0.0167
Super Trend (3,10):	1.3669
Zig ZAG (10):	1.4019
VORTEX (21):	1.2251
Stochastique (14,3,5):	81.41
TEMA (21):	1.4006
Williams %R (14):	-19.31
Chande Momentum Oscillator (20):	0.0270
Repulse (5,40,3):	0.4014
ROCnROLL:	1
TRIX (15,9):	0.1179
Courbe Coppock:	5.31

MA7:	1.3924
MA20:	1.3748
MA50:	1.3558
MA100:	1.3336
MAexp7:	1.3936
MAexp20:	1.3790
MAexp50:	1.3601
MAexp100:	1.3511
Price / MA7:	+0.72%
Price / MA20:	+2.01%
Price / MA50:	+3.44%
Price / MA100:	+5.16%
Price / MAexp7:	+0.63%
Price / MAexp20:	+1.70%
Price / MAexp50:	+3.11%
Price / MAexp100:	+3.80%

Quotes : - Real time data - Forex

News

The latest news and videos published on EUR/CAD at the time of the analysis were as follows:

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

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