EUR/CAD - Daily - Technical analysis published on 06/18/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- 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:
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:
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:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 1.4975 | 1.5000 | 1.5027 | 1.5052 | 1.5079 | 1.5104 | 1.5131 |
Camarilla | 1.5039 | 1.5043 | 1.5048 | 1.5053 | 1.5058 | 1.5063 | 1.5067 |
Woodie | 1.4975 | 1.5000 | 1.5027 | 1.5052 | 1.5079 | 1.5105 | 1.5131 |
Fibonacci | 1.5000 | 1.5020 | 1.5032 | 1.5052 | 1.5072 | 1.5084 | 1.5104 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.4883 | 1.4933 | 1.4984 | 1.5034 | 1.5085 | 1.5135 | 1.5186 |
Camarilla | 1.5007 | 1.5016 | 1.5026 | 1.5035 | 1.5044 | 1.5054 | 1.5063 |
Woodie | 1.4884 | 1.4933 | 1.4985 | 1.5034 | 1.5086 | 1.5135 | 1.5187 |
Fibonacci | 1.4933 | 1.4972 | 1.4995 | 1.5034 | 1.5073 | 1.5096 | 1.5135 |
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% |
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
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…
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