EUR/CAD - 1H - Technical analysis published on 04/29/2024 (GMT)
- 76
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
44%
11%
44%
My opinion
Neutral between 1.4608 CAD and 1.4657 CAD
My targets
-
My analysis
A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 1.4608 CAD. The first resistance is located at 1.4657 CAD. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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 rating is 1.4631 CAD. The price registered an increase of +0.08% on the session and was between 1.4606 CAD and 1.4646 CAD. This implies that the price is at +0.17% from its lowest and at -0.10% from its highest.1.4606
1.4646
1.4631
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/CAD:
Near a new LOW record (1 year)
Type : Bearish
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
Technical analysis of EUR/CAD in 1H shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. As the signals currently given by short-term moving averages are rather neutral, the slightly bearish trend could return to neutral. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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, 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 | 1.4580 | 1.4608 | 1.4624 | 1.4631 | 1.4644 | 1.4657 | 1.4691 |
| Change (%) | -0.35% | -0.16% | -0.05% | - | +0.09% | +0.18% | +0.41% |
| Change | -0.0051 | -0.0023 | -0.0007 | - | +0.0013 | +0.0026 | +0.0060 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4538 | 1.4573 | 1.4596 | 1.4631 | 1.4654 | 1.4689 | 1.4712 |
| Camarilla | 1.4603 | 1.4608 | 1.4614 | 1.4619 | 1.4624 | 1.4630 | 1.4635 |
| Woodie | 1.4532 | 1.4570 | 1.4590 | 1.4628 | 1.4648 | 1.4686 | 1.4706 |
| Fibonacci | 1.4573 | 1.4595 | 1.4609 | 1.4631 | 1.4653 | 1.4667 | 1.4689 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4458 | 1.4519 | 1.4569 | 1.4630 | 1.4680 | 1.4741 | 1.4791 |
| Camarilla | 1.4589 | 1.4599 | 1.4609 | 1.4619 | 1.4629 | 1.4639 | 1.4650 |
| Woodie | 1.4453 | 1.4516 | 1.4564 | 1.4627 | 1.4675 | 1.4738 | 1.4786 |
| Fibonacci | 1.4519 | 1.4561 | 1.4588 | 1.4630 | 1.4672 | 1.4699 | 1.4741 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.89 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -4.7996 | |
| AROON (14): | -7.1429 | |
| DEMA (21): | 1.4625 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4645 | |
| Elder Ray (13): | 0.0003 | |
| Super Trend (3,10): | 1.4657 | |
| Zig ZAG (10): | 1.4632 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 52.50 | |
| TEMA (21): | 1.4627 | |
| Williams %R (14): | -35.00 | |
| Chande Momentum Oscillator (20): | 0.0005 | |
| Repulse (5,40,3): | -0.0011 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0026 | |
| Courbe Coppock: | 0.05 |
| MA7: | 1.4634 | |
| MA20: | 1.4665 | |
| MA50: | 1.4681 | |
| MA100: | 1.4643 | |
| MAexp7: | 1.4628 | |
| MAexp20: | 1.4628 | |
| MAexp50: | 1.4633 | |
| MAexp100: | 1.4637 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | -0.23% | |
| Price / MA50: | -0.34% | |
| Price / MA100: | -0.08% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.04% |
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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