EUR/CAD - 15 min. - Technical analysis published on 04/11/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
11%
44%
44%
My opinion
Bearish under 1.4704 CAD
My targets
1.4667 CAD (-0.0015)
1.4633 CAD (-0.0049)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/CAD. As long as you are under the resistance located at 1.4704 CAD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 1.4667 CAD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 1.4633 CAD as an objective. Crossing it would then enable sellers to target 1.4596 CAD. If the resistance 1.4704 CAD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5
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Additional analysis
Quotes
EUR/CAD rating 1.4682 CAD. The price is lower by -0.14% since the last closing and was traded between 1.4668 CAD and 1.4708 CAD over the period. The price is currently at +0.10% from its lowest and -0.18% from its highest.1.4668
1.4708
1.4682
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 (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 15 min. chart of EUR/CAD indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : 15 minutes
The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4570 | 1.4624 | 1.4670 | 1.4682 | 1.4711 | 1.4741 | 1.4758 |
| Change (%) | -0.76% | -0.40% | -0.08% | - | +0.20% | +0.40% | +0.52% |
| Change | -0.0112 | -0.0058 | -0.0012 | - | +0.0029 | +0.0059 | +0.0076 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Major |
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 | 1.4596 | 1.4633 | 1.4667 | 1.4704 | 1.4738 | 1.4775 | 1.4809 |
| Camarilla | 1.4683 | 1.4689 | 1.4696 | 1.4702 | 1.4709 | 1.4715 | 1.4722 |
| Woodie | 1.4596 | 1.4632 | 1.4667 | 1.4703 | 1.4738 | 1.4774 | 1.4809 |
| Fibonacci | 1.4633 | 1.4660 | 1.4677 | 1.4704 | 1.4731 | 1.4748 | 1.4775 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4405 | 1.4475 | 1.4602 | 1.4672 | 1.4799 | 1.4869 | 1.4996 |
| Camarilla | 1.4674 | 1.4692 | 1.4710 | 1.4728 | 1.4746 | 1.4764 | 1.4782 |
| Woodie | 1.4433 | 1.4489 | 1.4630 | 1.4686 | 1.4827 | 1.4883 | 1.5024 |
| Fibonacci | 1.4475 | 1.4551 | 1.4597 | 1.4672 | 1.4748 | 1.4794 | 1.4869 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4345 | 1.4465 | 1.4540 | 1.4660 | 1.4735 | 1.4855 | 1.4930 |
| Camarilla | 1.4561 | 1.4579 | 1.4597 | 1.4615 | 1.4633 | 1.4651 | 1.4669 |
| Woodie | 1.4323 | 1.4454 | 1.4518 | 1.4649 | 1.4713 | 1.4844 | 1.4908 |
| Fibonacci | 1.4465 | 1.4540 | 1.4586 | 1.4660 | 1.4735 | 1.4781 | 1.4855 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.46 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -3.0967 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 1.4676 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4698 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 1.4696 | |
| Zig ZAG (10): | 1.4677 | |
| VORTEX (21): | 0.9779 | |
| Stochastique (14,3,5): | 35.00 | |
| TEMA (21): | 1.4675 | |
| Williams %R (14): | -75.00 | |
| Chande Momentum Oscillator (20): | -0.0004 | |
| Repulse (5,40,3): | -0.0026 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0033 | |
| Courbe Coppock: | 0.14 |
| MA7: | 1.4703 | |
| MA20: | 1.4690 | |
| MA50: | 1.4650 | |
| MA100: | 1.4661 | |
| MAexp7: | 1.4677 | |
| MAexp20: | 1.4681 | |
| MAexp50: | 1.4686 | |
| MAexp100: | 1.4693 | |
| Price / MA7: | -0.14% | |
| Price / MA20: | -0.05% | |
| Price / MA50: | +0.22% | |
| Price / MA100: | +0.14% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.07% |
Quotes :
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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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