EUR/CAD - 1H - Technical analysis published on 12/07/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 1.4299 CAD
My targets
1.4410 CAD (+0.0070)
1.4617 CAD (+0.0277)
My analysis
EUR/CAD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.4299 CAD. The next resistance located at 1.4410 CAD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.4617 CAD. After this resistance, buyers could then target 1.4622 CAD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem 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
0
10
7.5
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Additional analysis
Quotes
The EUR/CAD rating is 1.4340 CAD. On the day, this instrument gained +0.37% and was traded between 1.4267 CAD and 1.4404 CAD over the period. The price is currently at +0.51% from its lowest and -0.44% from its highest.1.4267
1.4404
1.4340
Here is a more detailed summary of the historical variations registered by EUR/CAD:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 1.4173 | 1.4247 | 1.4299 | 1.4340 | 1.4351 | 1.4622 | 1.5234 |
| Change (%) | -1.16% | -0.65% | -0.29% | - | +0.08% | +1.97% | +6.23% |
| Change | -0.0167 | -0.0093 | -0.0041 | - | +0.0011 | +0.0282 | +0.0894 |
| Level | Minor | Minor | 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 | 1.4135 | 1.4191 | 1.4239 | 1.4295 | 1.4343 | 1.4399 | 1.4447 |
| Camarilla | 1.4258 | 1.4268 | 1.4278 | 1.4287 | 1.4297 | 1.4306 | 1.4316 |
| Woodie | 1.4131 | 1.4189 | 1.4235 | 1.4293 | 1.4339 | 1.4397 | 1.4443 |
| Fibonacci | 1.4191 | 1.4231 | 1.4255 | 1.4295 | 1.4335 | 1.4359 | 1.4399 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3669 | 1.3778 | 1.3985 | 1.4094 | 1.4301 | 1.4410 | 1.4617 |
| Camarilla | 1.4106 | 1.4135 | 1.4164 | 1.4193 | 1.4222 | 1.4251 | 1.4280 |
| Woodie | 1.3719 | 1.3803 | 1.4035 | 1.4119 | 1.4351 | 1.4435 | 1.4667 |
| Fibonacci | 1.3778 | 1.3898 | 1.3973 | 1.4094 | 1.4214 | 1.4289 | 1.4410 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.2609 | 1.2941 | 1.3462 | 1.3794 | 1.4315 | 1.4647 | 1.5168 |
| Camarilla | 1.3747 | 1.3826 | 1.3904 | 1.3982 | 1.4060 | 1.4138 | 1.4217 |
| Woodie | 1.2703 | 1.2988 | 1.3556 | 1.3841 | 1.4409 | 1.4694 | 1.5262 |
| Fibonacci | 1.2941 | 1.3267 | 1.3469 | 1.3794 | 1.4120 | 1.4322 | 1.4647 |
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): | 55.25 | |
| MACD (12,26,9): | 0.0016 | |
| Directional Movement: | 5.4235 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 1.4346 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4399 | |
| Elder Ray (13): | 0.0010 | |
| Super Trend (3,10): | 1.4414 | |
| Zig ZAG (10): | 1.4343 | |
| VORTEX (21): | 1.0645 | |
| Stochastique (14,3,5): | 39.66 | |
| TEMA (21): | 1.4347 | |
| Williams %R (14): | -44.53 | |
| Chande Momentum Oscillator (20): | 0.0056 | |
| Repulse (5,40,3): | 0.0436 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0161 | |
| Courbe Coppock: | 0.88 |
| MA7: | 1.4177 | |
| MA20: | 1.3937 | |
| MA50: | 1.3662 | |
| MA100: | 1.3391 | |
| MAexp7: | 1.4338 | |
| MAexp20: | 1.4324 | |
| MAexp50: | 1.4288 | |
| MAexp100: | 1.4227 | |
| Price / MA7: | +1.15% | |
| Price / MA20: | +2.89% | |
| Price / MA50: | +4.96% | |
| Price / MA100: | +7.09% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.36% | |
| Price / MAexp100: | +0.79% |
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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