EUR/CAD - 1H - Technical analysis published on 05/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 1.4711 CAD
My targets
1.4774 CAD (+0.0020)
1.4908 CAD (+0.0154)
My analysis
A bullish trend on EUR/CAD both in substance and in the short term. A purchase could be considered as long as the price remains above 1.4711 CAD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 1.4774 CAD. Then the price could move towards 1.4908 CAD. Then 1.5074 CAD by extension. Be careful, a return below 1.4711 CAD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/CAD price is 1.4754 CAD. The price has increased by +0.03% since the last closing and was between 1.4740 CAD and 1.4761 CAD. This implies that the price is at +0.09% from its lowest and at -0.05% from its highest.1.4740
1.4761
1.4754
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 bullish. 75.00% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4663 | 1.4711 | 1.4740 | 1.4754 | 1.4758 | 1.4774 | 1.4787 |
| Change (%) | -0.62% | -0.29% | -0.09% | - | +0.03% | +0.14% | +0.22% |
| Change | -0.0091 | -0.0043 | -0.0014 | - | +0.0004 | +0.0020 | +0.0033 |
| Level | Minor | Major | Major | - | Minor | Intermediate | 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 | 1.4656 | 1.4684 | 1.4717 | 1.4745 | 1.4778 | 1.4806 | 1.4839 |
| Camarilla | 1.4732 | 1.4738 | 1.4743 | 1.4749 | 1.4755 | 1.4760 | 1.4766 |
| Woodie | 1.4658 | 1.4685 | 1.4719 | 1.4746 | 1.4780 | 1.4807 | 1.4841 |
| Fibonacci | 1.4684 | 1.4708 | 1.4722 | 1.4745 | 1.4769 | 1.4783 | 1.4806 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.88 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | -2.4482 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 1.4755 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4761 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 1.4734 | |
| Zig ZAG (10): | 1.4755 | |
| VORTEX (21): | 0.9827 | |
| Stochastique (14,3,5): | 55.64 | |
| TEMA (21): | 1.4754 | |
| Williams %R (14): | -28.57 | |
| Chande Momentum Oscillator (20): | 0.0007 | |
| Repulse (5,40,3): | 0.0528 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0029 | |
| Courbe Coppock: | 0.00 |
| MA7: | 1.4745 | |
| MA20: | 1.4690 | |
| MA50: | 1.4695 | |
| MA100: | 1.4653 | |
| MAexp7: | 1.4753 | |
| MAexp20: | 1.4751 | |
| MAexp50: | 1.4748 | |
| MAexp100: | 1.4744 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | +0.44% | |
| Price / MA50: | +0.40% | |
| Price / MA100: | +0.69% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | +0.07% |
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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