EUR/CAD - 1H - Technical analysis published on 04/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
33%
6%
61%
My opinion
Bullish above 1.4624 CAD
My targets
1.4699 CAD (+0.0045)
1.4718 CAD (+0.0064)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/CAD as long as the price remains well above 1.4624 CAD. The buyers' bullish objective is set at 1.4699 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.4718 CAD. If there is any crossing, the next objective would be the resistance located at 1.4739 CAD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
7
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/CAD price is 1.4654 CAD. On the day, this instrument lost -0.02% and was between 1.4651 CAD and 1.4659 CAD. This implies that the price is at +0.02% from its lowest and at -0.03% from its highest.1.4651
1.4659
1.4654
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 (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 this 1H chart of EUR/CAD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 11 are neutral and 1 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4585 | 1.4604 | 1.4624 | 1.4654 | 1.4664 | 1.4699 | 1.4718 |
| Change (%) | -0.47% | -0.34% | -0.20% | - | +0.07% | +0.31% | +0.44% |
| Change | -0.0069 | -0.0050 | -0.0030 | - | +0.0010 | +0.0045 | +0.0064 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4642 | 1.4647 | 1.4650 | 1.4655 | 1.4658 | 1.4663 | 1.4666 |
| Camarilla | 1.4652 | 1.4653 | 1.4653 | 1.4654 | 1.4655 | 1.4656 | 1.4656 |
| Woodie | 1.4642 | 1.4647 | 1.4650 | 1.4655 | 1.4658 | 1.4663 | 1.4666 |
| Fibonacci | 1.4647 | 1.4650 | 1.4652 | 1.4655 | 1.4658 | 1.4660 | 1.4663 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4394 | 1.4489 | 1.4548 | 1.4643 | 1.4702 | 1.4797 | 1.4856 |
| Camarilla | 1.4564 | 1.4578 | 1.4592 | 1.4606 | 1.4620 | 1.4634 | 1.4648 |
| Woodie | 1.4375 | 1.4480 | 1.4529 | 1.4634 | 1.4683 | 1.4788 | 1.4837 |
| Fibonacci | 1.4489 | 1.4548 | 1.4585 | 1.4643 | 1.4702 | 1.4739 | 1.4797 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4339 | 1.4462 | 1.4534 | 1.4657 | 1.4729 | 1.4852 | 1.4924 |
| Camarilla | 1.4552 | 1.4570 | 1.4588 | 1.4606 | 1.4624 | 1.4642 | 1.4660 |
| Woodie | 1.4314 | 1.4449 | 1.4509 | 1.4644 | 1.4704 | 1.4839 | 1.4899 |
| Fibonacci | 1.4462 | 1.4537 | 1.4583 | 1.4657 | 1.4732 | 1.4778 | 1.4852 |
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): | 62.92 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 9.8276 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 1.4661 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4649 | |
| Elder Ray (13): | 0.0002 | |
| Super Trend (3,10): | 1.4629 | |
| Zig ZAG (10): | 1.4654 | |
| VORTEX (21): | 1.1719 | |
| Stochastique (14,3,5): | 79.30 | |
| TEMA (21): | 1.4662 | |
| Williams %R (14): | -26.32 | |
| Chande Momentum Oscillator (20): | 0.0000 | |
| Repulse (5,40,3): | 0.0137 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0120 | |
| Courbe Coppock: | 0.34 |
| MA7: | 1.4628 | |
| MA20: | 1.4694 | |
| MA50: | 1.4632 | |
| MA100: | 1.4672 | |
| MAexp7: | 1.4655 | |
| MAexp20: | 1.4646 | |
| MAexp50: | 1.4629 | |
| MAexp100: | 1.4626 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | -0.27% | |
| Price / MA50: | +0.15% | |
| Price / MA100: | -0.12% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.17% | |
| Price / MAexp100: | +0.19% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on EUR/CAD at the time of the analysis were as follows:
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Forex Analysis: EUR/USD, GBP/USD, EUR/CAD - Amana Capital
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Why I'm looking to sell EURCAD: Coleman
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EUR/CAD To Hold Steady
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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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