EUR/CAD

- CAD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	EURCAD
ISIN:

EUR/CAD - 15 min. - Technical analysis published on 03/22/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

83%

11%

My opinion

Bullish above 1.4671 CAD

My targets

1.4708 CAD (+0.0016)

1.4732 CAD (+0.0040)

My analysis

The strong short-term increase of EUR/CAD should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 1.4671 CAD, a purchase could be considered. The first bullish objective is located at 1.4708 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 1.4732 CAD. If there is any crossing, the next objective would be the resistance at 1.4769 CAD. Caution, if there is a return under 1.4671 CAD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

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

3.6

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.

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

Additional analysis

Quotes

The EUR/CAD price is 1.4692 CAD. On the day, this instrument lost -0.01% and was traded between 1.4665 CAD and 1.4704 CAD over the period. The price is currently at +0.18% from its lowest and -0.08% from its highest.

1.4665

1.4704

1.4692

A study of price movements over other periods shows the following variations:

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

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

A technical analysis in 15 min. of this EUR/CAD chart shows a neutral trend. The trend could quickly turn bullish due to the strong bullish signals currently being 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, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

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 : 15 minutes

Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.4495	1.4624	1.4685	1.4692	1.4714	1.4726	1.4749
Change (%)	-1.34%	-0.46%	-0.05%	-	+0.15%	+0.23%	+0.39%
Change	-0.0197	-0.0068	-0.0007	-	+0.0022	+0.0034	+0.0057
Level	Intermediate	Major	Intermediate	-	Major	Minor	Intermediate

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	1.4610	1.4647	1.4671	1.4708	1.4732	1.4769	1.4793
Camarilla	1.4677	1.4683	1.4688	1.4694	1.4700	1.4705	1.4711
Woodie	1.4603	1.4644	1.4664	1.4705	1.4725	1.4766	1.4786
Fibonacci	1.4647	1.4671	1.4685	1.4708	1.4732	1.4746	1.4769

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4662	1.4686	1.4717	1.4741	1.4772	1.4796	1.4827
Camarilla	1.4732	1.4737	1.4742	1.4747	1.4752	1.4757	1.4762
Woodie	1.4665	1.4688	1.4720	1.4743	1.4775	1.4798	1.4830
Fibonacci	1.4686	1.4707	1.4720	1.4741	1.4762	1.4775	1.4796

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4215	1.4339	1.4500	1.4624	1.4785	1.4909	1.5070
Camarilla	1.4583	1.4609	1.4635	1.4661	1.4687	1.4713	1.4739
Woodie	1.4234	1.4348	1.4519	1.4633	1.4804	1.4918	1.5089
Fibonacci	1.4339	1.4448	1.4515	1.4624	1.4733	1.4800	1.4909

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):	59.79
MACD (12,26,9):	0.0001
Directional Movement:	3.0290
AROON (14):	85.7143
DEMA (21):	1.4687
Parabolic SAR (0,02-0,02-0,2):	1.4672
Elder Ray (13):	0.0006
Super Trend (3,10):	1.4673
Zig ZAG (10):	1.4695
VORTEX (21):	1.0260
Stochastique (14,3,5):	93.43
TEMA (21):	1.4689
Williams %R (14):	-9.38
Chande Momentum Oscillator (20):	0.0024
Repulse (5,40,3):	0.0616
ROCnROLL:	1
TRIX (15,9):	-0.0018
Courbe Coppock:	0.09

MA7:	1.4723
MA20:	1.4719
MA50:	1.4636
MA100:	1.4680
MAexp7:	1.4689
MAexp20:	1.4687
MAexp50:	1.4690
MAexp100:	1.4697
Price / MA7:	-0.21%
Price / MA20:	-0.18%
Price / MA50:	+0.38%
Price / MA100:	+0.08%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.03%
Price / MAexp50:	+0.01%
Price / MAexp100:	-0.03%

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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