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EUR/CAD
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 05/10/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1.4728 CAD
My targets
1.4775 CAD (+0.0021)
1.4908 CAD (+0.0154)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on EUR/CAD as long as the price remains well above 1.4728 CAD. The buyers' bullish objective is set at 1.4775 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.4908 CAD. If there is any crossing, the next objective would be the resistance located at 1.5074 CAD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8

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.

dtaccori
This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/CAD price is 1.4754 CAD. The price registered an increase of +0.05% on the session and was between 1.4740 CAD and 1.4758 CAD. This implies that the price is at +0.09% from its lowest and at -0.03% from its highest.

1.4740
1.4758
1.4754

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of EUR/CAD in 1H shows an overall bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour



In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.4641 1.4676 1.4728 1.4754 1.4757 1.4775 1.4787
Change (%) -0.77% -0.53% -0.18% - +0.02% +0.14% +0.22%
Change -0.0113 -0.0078 -0.0026 - +0.0003 +0.0021 +0.0033
Level Minor Minor Intermediate - Major Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.46841.47021.47251.47431.47661.47841.4807
Camarilla1.47361.47401.47431.47471.47511.47551.4758
Woodie1.46861.47031.47271.47441.47681.47851.4809
Fibonacci1.47021.47181.47281.47431.47591.47691.4784


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.45011.45541.46411.46941.47811.48341.4921
Camarilla1.46911.47031.47161.47291.47421.47551.4768
Woodie1.45191.45631.46591.47031.47991.48431.4939
Fibonacci1.45541.46071.46401.46941.47471.47801.4834


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.43551.44501.45731.46681.47911.48861.5009
Camarilla1.46351.46551.46751.46951.47151.47351.4755
Woodie1.43681.44571.45861.46751.48041.48931.5022
Fibonacci1.44501.45341.45851.46681.47521.48031.4886

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): 57.51
MACD (12,26,9): 0.0001
Directional Movement: 6.0904
AROON (14): 21.4286
DEMA (21): 1.4748
Parabolic SAR (0,02-0,02-0,2): 1.4761
Elder Ray (13): 0.0005
Super Trend (3,10): 1.4758
Zig ZAG (10): 1.4756
VORTEX (21): 1.1579
Stochastique (14,3,5): 76.03
TEMA (21): 1.4750
Williams %R (14): -11.11
Chande Momentum Oscillator (20): 0.0010
Repulse (5,40,3): 0.0535
ROCnROLL: 1
TRIX (15,9): -0.0005
Courbe Coppock: 0.03
MA7: 1.4733
MA20: 1.4683
MA50: 1.4695
MA100: 1.4650
MAexp7: 1.4750
MAexp20: 1.4748
MAexp50: 1.4748
MAexp100: 1.4740
Price / MA7: +0.14%
Price / MA20: +0.48%
Price / MA50: +0.40%
Price / MA100: +0.71%
Price / MAexp7: +0.03%
Price / MAexp20: +0.04%
Price / MAexp50: +0.04%
Price / MAexp100: +0.09%

Quotes : - Real time data - Forex

News


The latest news and videos published on EUR/CAD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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