EUR/CAD - 1H - Technical analysis published on 05/13/2024 (GMT)
- 79
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1.4711 CAD
My targets
1.4758 CAD (+0.0018)
1.4787 CAD (+0.0047)
My analysis
The basic trend is currently slightly bullish on EUR/CAD and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 1.4711 CAD, purchases could be favourable. The first bullish objective would be the resistance located at 1.4758 CAD. Then the price could move towards 1.4787 CAD. Then 1.4908 CAD by extension. A return under the support to 1.4711 CAD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
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
0
10
5.2
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 1.4740 CAD. The price has increased by +0.06% since the last closing and was between 1.4730 CAD and 1.4743 CAD. This implies that the price is at +0.07% from its lowest and at -0.02% from its highest.1.4730
1.4743
1.4740
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/CAD indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4695 | 1.4711 | 1.4728 | 1.4740 | 1.4740 | 1.4758 | 1.4787 |
| Change (%) | -0.31% | -0.20% | -0.08% | 0% | - | +0.12% | +0.32% |
| Change | -0.0045 | -0.0029 | -0.0012 | 0 | - | +0.0018 | +0.0047 |
| Level | Minor | Major | Minor | Major | - | Intermediate | Minor |
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 | 1.4694 | 1.4704 | 1.4717 | 1.4727 | 1.4740 | 1.4750 | 1.4763 |
| Camarilla | 1.4725 | 1.4727 | 1.4729 | 1.4731 | 1.4733 | 1.4735 | 1.4737 |
| Woodie | 1.4697 | 1.4705 | 1.4720 | 1.4728 | 1.4743 | 1.4751 | 1.4766 |
| Fibonacci | 1.4704 | 1.4713 | 1.4718 | 1.4727 | 1.4736 | 1.4741 | 1.4750 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4594 | 1.4644 | 1.4686 | 1.4736 | 1.4778 | 1.4828 | 1.4870 |
| Camarilla | 1.4702 | 1.4710 | 1.4719 | 1.4727 | 1.4735 | 1.4744 | 1.4752 |
| Woodie | 1.4589 | 1.4642 | 1.4681 | 1.4734 | 1.4773 | 1.4826 | 1.4865 |
| Fibonacci | 1.4644 | 1.4680 | 1.4701 | 1.4736 | 1.4772 | 1.4793 | 1.4828 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 55.04 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -1.8678 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 1.4731 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4698 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 1.4748 | |
| Zig ZAG (10): | 1.4740 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 85.90 | |
| TEMA (21): | 1.4733 | |
| Williams %R (14): | -7.14 | |
| Chande Momentum Oscillator (20): | 0.0020 | |
| Repulse (5,40,3): | 0.0661 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0039 | |
| Courbe Coppock: | 0.06 |
| MA7: | 1.4740 | |
| MA20: | 1.4689 | |
| MA50: | 1.4694 | |
| MA100: | 1.4652 | |
| MAexp7: | 1.4735 | |
| MAexp20: | 1.4733 | |
| MAexp50: | 1.4738 | |
| MAexp100: | 1.4736 | |
| Price / MA7: | -0% | |
| Price / MA20: | +0.35% | |
| Price / MA50: | +0.31% | |
| Price / MA100: | +0.60% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.03% |
Quotes :
-
Real time data
-
Forex
News
The last news published on EUR/CAD at the time of the generation of this analysis 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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/CAD - 1H