EUR/CAD

- CAD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	EURCAD
ISIN:

EUR/CAD - 1H - Technical analysis published on 04/30/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 1.4657 CAD

My targets

1.4706 CAD (+0.0027)

1.4758 CAD (+0.0079)

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 1.4657 CAD. The buyers' bullish objective is set at 1.4706 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.4758 CAD. If there is any crossing, the next objective would be the resistance located at 1.4908 CAD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.6

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 dtaccori. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

EUR/CAD rating 1.4679 CAD. The price has increased by +0.24% since the last closing with the lowest point at 1.4636 CAD and the highest point at 1.4688 CAD. The deviation from the price is +0.29% for the low point and -0.06% for the high point.

1.4636

1.4688

1.4679

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.4624	1.4646	1.4657	1.4679	1.4681	1.4706	1.4758
Change (%)	-0.37%	-0.22%	-0.15%	-	+0.01%	+0.18%	+0.54%
Change	-0.0055	-0.0033	-0.0022	-	+0.0002	+0.0027	+0.0079
Level	Major	Major	Minor	-	Major	Minor	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	1.4566	1.4586	1.4615	1.4635	1.4664	1.4684	1.4713
Camarilla	1.4631	1.4635	1.4640	1.4644	1.4649	1.4653	1.4658
Woodie	1.4571	1.4588	1.4620	1.4637	1.4669	1.4686	1.4718
Fibonacci	1.4586	1.4605	1.4616	1.4635	1.4654	1.4665	1.4684

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	75.94
MACD (12,26,9):	0.0009
Directional Movement:	22.6951
AROON (14):	57.1429
DEMA (21):	1.4660
Parabolic SAR (0,02-0,02-0,2):	1.4640
Elder Ray (13):	0.0024
Super Trend (3,10):	1.4641
Zig ZAG (10):	1.4685
VORTEX (21):	1.2016
Stochastique (14,3,5):	89.61
TEMA (21):	1.4668
Williams %R (14):	-7.69
Chande Momentum Oscillator (20):	0.0037
Repulse (5,40,3):	0.2632
ROCnROLL:	1
TRIX (15,9):	0.0056
Courbe Coppock:	0.27

MA7:	1.4640
MA20:	1.4670
MA50:	1.4682
MA100:	1.4644
MAexp7:	1.4663
MAexp20:	1.4650
MAexp50:	1.4643
MAexp100:	1.4642
Price / MA7:	+0.27%
Price / MA20:	+0.06%
Price / MA50:	-0.02%
Price / MA100:	+0.24%
Price / MAexp7:	+0.11%
Price / MAexp20:	+0.20%
Price / MAexp50:	+0.25%
Price / MAexp100:	+0.25%

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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