EUR/CAD - 1H - Technical analysis published on 05/13/2024 (GMT)
- 93
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 1.4728 CAD
My targets
1.4787 CAD (+0.0036)
1.4908 CAD (+0.0157)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on EUR/CAD. This is a positive signal for buyers. As long as the price remains above 1.4728 CAD, a purchase could be considered. The first bullish objective is located at 1.4787 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.4908 CAD as an objective. Crossing it would then enable buyers to target 1.5074 CAD. In the event of a return below 1.4728 CAD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
7
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 1.4751 CAD. The price registered an increase of +0.16% on the session with the lowest point at 1.4713 CAD and the highest point at 1.4752 CAD. The deviation from the price is +0.26% for the low point and -0.01% for the high point.1.4713
1.4752
1.4751
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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 EUR/CAD in 1H shows an overall bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4711 | 1.4728 | 1.4740 | 1.4751 | 1.4758 | 1.4787 | 1.4908 |
| Change (%) | -0.27% | -0.16% | -0.07% | - | +0.05% | +0.24% | +1.06% |
| Change | -0.0040 | -0.0023 | -0.0011 | - | +0.0007 | +0.0036 | +0.0157 |
| Level | Major | Minor | Major | - | Intermediate | Minor | Minor |
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 | 1.4632 | 1.4664 | 1.4695 | 1.4727 | 1.4758 | 1.4790 | 1.4821 |
| Camarilla | 1.4710 | 1.4716 | 1.4721 | 1.4727 | 1.4733 | 1.4739 | 1.4744 |
| Woodie | 1.4633 | 1.4664 | 1.4696 | 1.4727 | 1.4759 | 1.4790 | 1.4822 |
| Fibonacci | 1.4664 | 1.4688 | 1.4703 | 1.4727 | 1.4751 | 1.4766 | 1.4790 |
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): | 58.87 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 4.7392 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 1.4738 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4713 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 1.4718 | |
| Zig ZAG (10): | 1.4748 | |
| VORTEX (21): | 1.2338 | |
| Stochastique (14,3,5): | 90.39 | |
| TEMA (21): | 1.4742 | |
| Williams %R (14): | -2.70 | |
| Chande Momentum Oscillator (20): | 0.0023 | |
| Repulse (5,40,3): | 0.0793 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0007 | |
| Courbe Coppock: | 0.19 |
| MA7: | 1.4741 | |
| MA20: | 1.4687 | |
| MA50: | 1.4695 | |
| MA100: | 1.4651 | |
| MAexp7: | 1.4741 | |
| MAexp20: | 1.4737 | |
| MAexp50: | 1.4738 | |
| MAexp100: | 1.4737 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | +0.44% | |
| Price / MA50: | +0.38% | |
| Price / MA100: | +0.68% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.09% | |
| 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:
-
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