EUR/CAD - 1H - Technical analysis published on 12/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 1.5007 CAD
My targets
1.5049 CAD (+0.0023)
1.5074 CAD (+0.0048)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/CAD as long as the price remains well above 1.5007 CAD. The buyers' bullish objective is set at 1.5049 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.5074 CAD. If there is any crossing, the next objective would be the resistance located at 1.5151 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 overbought items that could be a sign of a possible short-term correction.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/CAD rating is 1.5026 CAD. The price registered an increase of +0.05% on the session with the lowest point at 1.5017 CAD and the highest point at 1.5060 CAD. The deviation from the price is +0.06% for the low point and -0.23% for the high point.1.5017
1.5060
1.5026
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/CAD indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 9 are bullish, 5 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
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 | 1.4931 | 1.4965 | 1.5007 | 1.5026 | 1.5049 | 1.5074 | 1.5151 |
| Change (%) | -0.63% | -0.41% | -0.13% | - | +0.15% | +0.32% | +0.83% |
| Change | -0.0095 | -0.0061 | -0.0019 | - | +0.0023 | +0.0048 | +0.0125 |
| Level | Intermediate | Major | Minor | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4888 | 1.4927 | 1.4972 | 1.5011 | 1.5056 | 1.5095 | 1.5140 |
| Camarilla | 1.4995 | 1.5003 | 1.5010 | 1.5018 | 1.5026 | 1.5033 | 1.5041 |
| Woodie | 1.4892 | 1.4929 | 1.4976 | 1.5013 | 1.5060 | 1.5097 | 1.5144 |
| Fibonacci | 1.4927 | 1.4959 | 1.4979 | 1.5011 | 1.5043 | 1.5063 | 1.5095 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4702 | 1.4761 | 1.4856 | 1.4915 | 1.5010 | 1.5069 | 1.5164 |
| Camarilla | 1.4908 | 1.4922 | 1.4936 | 1.4950 | 1.4964 | 1.4978 | 1.4992 |
| Woodie | 1.4719 | 1.4770 | 1.4873 | 1.4924 | 1.5027 | 1.5078 | 1.5181 |
| Fibonacci | 1.4761 | 1.4820 | 1.4857 | 1.4915 | 1.4974 | 1.5011 | 1.5069 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3793 | 1.4141 | 1.4476 | 1.4824 | 1.5159 | 1.5507 | 1.5842 |
| Camarilla | 1.4624 | 1.4687 | 1.4749 | 1.4812 | 1.4875 | 1.4937 | 1.5000 |
| Woodie | 1.3788 | 1.4138 | 1.4471 | 1.4821 | 1.5154 | 1.5504 | 1.5837 |
| Fibonacci | 1.4141 | 1.4402 | 1.4563 | 1.4824 | 1.5085 | 1.5246 | 1.5507 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.14 | |
| MACD (12,26,9): | 0.0015 | |
| Directional Movement: | 12.1013 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 1.5044 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5018 | |
| Elder Ray (13): | 0.0001 | |
| Super Trend (3,10): | 1.5012 | |
| Zig ZAG (10): | 1.5027 | |
| VORTEX (21): | 1.1507 | |
| Stochastique (14,3,5): | 67.26 | |
| TEMA (21): | 1.5046 | |
| Williams %R (14): | -60.38 | |
| Chande Momentum Oscillator (20): | 0.0018 | |
| Repulse (5,40,3): | -0.1210 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0148 | |
| Courbe Coppock: | 0.33 |
| MA7: | 1.4950 | |
| MA20: | 1.4841 | |
| MA50: | 1.4913 | |
| MA100: | 1.4973 | |
| MAexp7: | 1.5038 | |
| MAexp20: | 1.5024 | |
| MAexp50: | 1.4996 | |
| MAexp100: | 1.4965 | |
| Price / MA7: | +0.51% | |
| Price / MA20: | +1.25% | |
| Price / MA50: | +0.76% | |
| Price / MA100: | +0.35% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +0.41% |
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:
-
EUR/CAD Forecast August 22, 2024
-
EUR/CAD Forecast August 5, 2024
-
EUR/CAD Forecast July 11, 2024
-
EUR/CAD Forecast June 4, 2024
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Forex Analysis: EUR/USD, GBP/USD, EUR/CAD - Amana Capital
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