EUR/CAD
EUR CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURCAD
ISIN:

EUR/CAD - Daily - Technical analysis published on 06/18/2019 (GMT)

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  • Timeframe : Daily
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  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Bearish
De fond: Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 1.5116 CAD
My targets
1.4966 CAD (-0.21%)
1.4865 CAD (-0.89%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/CAD as long as the price remains well below 1.5116 CAD. The next bearish objective for sellers is set at 1.4966 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.4865 CAD. If there is any crossing, the next objective would be the support located at 1.4783 CAD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

EUR/CAD rating 1.4998 CAD. The price is lower by -0.37% since the last closing and was between 1.4970 CAD and 1.5085 CAD. This implies that the price is at +0.19% from its lowest and at -0.58% from its highest.

1.4970
1.5085
1.4998

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of EUR/CAD in Daily shows a overall strongly bearish trend. The signals given by moving averages are 82.14% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 2

Type : Neutral

Timeframe : Daily


RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


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:

Central Patterns

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily


Support of channel is broken

Type : Bearish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.4783 1.4865 1.4966 1.4998 1.5116 1.5234 1.5313
Change (%) -1.43% -0.89% -0.21% - +0.79% +1.57% +2.10%
Change -0.0215 -0.0133 -0.0032 - +0.0118 +0.0236 +0.0315
Level Major Intermediate Intermediate - Intermediate Major Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.49751.50001.50271.50521.50791.51041.5131
Camarilla1.50391.50431.50481.50531.50581.50631.5067
Woodie1.49751.50001.50271.50521.50791.51051.5131
Fibonacci1.50001.50201.50321.50521.50721.50841.5104


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.48831.49331.49841.50341.50851.51351.5186
Camarilla1.50071.50161.50261.50351.50441.50541.5063
Woodie1.48841.49331.49851.50341.50861.51351.5187
Fibonacci1.49331.49721.49951.50341.50731.50961.5135

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): 42.89
MACD (12,26,9): -0.0006
Directional Movement: -2.7670
AROON (14): -57.1429
DEMA (21): 1.5040
Parabolic SAR (0,02-0,02-0,2): 1.5129
Elder Ray (13): -0.0015
Super Trend (3,10): 1.5176
Zig ZAG (10): 1.5001
VORTEX (21): 0.9931
Stochastique (14,3,5): 31.01
TEMA (21): 1.5034
Williams %R (14): -82.58
Chande Momentum Oscillator (20): -0.0096
Repulse (5,40,3): -0.3370
ROCnROLL: 2
TRIX (15,9): -0.0011
Courbe Coppock: 0.25
MA7: 1.5033
MA20: 1.5051
MA50: 1.5052
MA100: 1.5046
MAexp7: 1.5034
MAexp20: 1.5046
MAexp50: 1.5052
MAexp100: 1.5066
Price / MA7: -0.23%
Price / MA20: -0.35%
Price / MA50: -0.36%
Price / MA100: -0.32%
Price / MAexp7: -0.24%
Price / MAexp20: -0.32%
Price / MAexp50: -0.36%
Price / MAexp100: -0.45%

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

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