EUR/CAD - 1H - Technical analysis published on 05/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 1.4687 CAD
My targets
1.4644 CAD (-0.0021)
1.4624 CAD (-0.0041)
My analysis
In the short term, we can see an acceleration in the bearish trend on EUR/CAD, which is a positive signal for sellers. As long as the price remains above 1.4687 CAD, a sale could be considered. The first bearish objective is located at 1.4644 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.4624 CAD as an objective. Crossing it would then enable sellers to target 1.4606 CAD. If the price were to return above 1.4687 CAD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be 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
4.6
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/CAD rating 1.4665 CAD. The price is lower by -0.29% since the last closing and was between 1.4641 CAD and 1.4711 CAD. This implies that the price is at +0.16% from its lowest and at -0.31% from its highest.1.4641
1.4711
1.4665
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
A technical analysis in 1H of this EUR/CAD chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced 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.
An assessment of technical indicators shows a slightly bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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 support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 1.4606 | 1.4624 | 1.4644 | 1.4665 | 1.4687 | 1.4713 | 1.4729 |
| Change (%) | -0.40% | -0.28% | -0.14% | - | +0.15% | +0.33% | +0.44% |
| Change | -0.0059 | -0.0041 | -0.0021 | - | +0.0022 | +0.0048 | +0.0064 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4628 | 1.4652 | 1.4680 | 1.4704 | 1.4732 | 1.4756 | 1.4784 |
| Camarilla | 1.4694 | 1.4699 | 1.4703 | 1.4708 | 1.4713 | 1.4718 | 1.4722 |
| Woodie | 1.4630 | 1.4653 | 1.4682 | 1.4705 | 1.4734 | 1.4757 | 1.4786 |
| Fibonacci | 1.4652 | 1.4672 | 1.4684 | 1.4704 | 1.4724 | 1.4736 | 1.4756 |
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 | 1.4355 | 1.4450 | 1.4573 | 1.4668 | 1.4791 | 1.4886 | 1.5009 |
| Camarilla | 1.4635 | 1.4655 | 1.4675 | 1.4695 | 1.4715 | 1.4735 | 1.4755 |
| Woodie | 1.4368 | 1.4457 | 1.4586 | 1.4675 | 1.4804 | 1.4893 | 1.5022 |
| Fibonacci | 1.4450 | 1.4534 | 1.4585 | 1.4668 | 1.4752 | 1.4803 | 1.4886 |
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): | 40.08 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -10.6665 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.4666 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4643 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 1.4697 | |
| Zig ZAG (10): | 1.4665 | |
| VORTEX (21): | 0.8411 | |
| Stochastique (14,3,5): | 41.63 | |
| TEMA (21): | 1.4659 | |
| Williams %R (14): | -51.92 | |
| Chande Momentum Oscillator (20): | -0.0023 | |
| Repulse (5,40,3): | -0.0157 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0077 | |
| Courbe Coppock: | 0.40 |
| MA7: | 1.4664 | |
| MA20: | 1.4672 | |
| MA50: | 1.4686 | |
| MA100: | 1.4645 | |
| MAexp7: | 1.4667 | |
| MAexp20: | 1.4676 | |
| MAexp50: | 1.4681 | |
| MAexp100: | 1.4674 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | -0.05% | |
| Price / MA50: | -0.14% | |
| Price / MA100: | +0.14% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.06% |
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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