EUR/CAD

- CAD (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURCAD
ISIN:

EUR/CAD - 1H - Technical analysis published on 03/04/2025 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 1.5334 CAD

My targets

1.5579 CAD (+0.0216)

1.5909 CAD (+0.0546)

My analysis

The bullish trend is currently very strong on EUR/CAD. As long as the price remains above the support at 1.5334 CAD, you could try to benefit from the boom. The first bullish objective is located at 1.5579 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.5909 CAD as an objective. Crossing it would then enable buyers to target 1.7204 CAD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.6

Comment on the analysis

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.

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Additional analysis

Quotes

The EUR/CAD price is 1.5363 CAD. On the day, this instrument gained +1.09% and was between 1.5154 CAD and 1.5375 CAD. This implies that the price is at +1.38% from its lowest and at -0.08% from its highest.

1.5154

1.5375

1.5363

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

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this EUR/CAD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

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:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

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

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	1.5080	1.5151	1.5231	1.5363	1.5909	1.7204
Change (%)	-1.84%	-1.38%	-0.86%	-	+3.55%	+11.98%
Change	-0.0283	-0.0212	-0.0132	-	+0.0546	+0.1841
Level	Major	Intermediate	Intermediate	-	Major	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4831	1.4917	1.5058	1.5144	1.5285	1.5371	1.5512
Camarilla	1.5136	1.5156	1.5177	1.5198	1.5219	1.5240	1.5260
Woodie	1.4858	1.4931	1.5085	1.5158	1.5312	1.5385	1.5539
Fibonacci	1.4917	1.5004	1.5058	1.5144	1.5231	1.5285	1.5371

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4656	1.4763	1.4882	1.4989	1.5108	1.5215	1.5334
Camarilla	1.4939	1.4960	1.4980	1.5001	1.5022	1.5042	1.5063
Woodie	1.4662	1.4766	1.4888	1.4992	1.5114	1.5218	1.5340
Fibonacci	1.4763	1.4849	1.4903	1.4989	1.5075	1.5129	1.5215

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.4370	1.4546	1.4773	1.4949	1.5176	1.5352	1.5579
Camarilla	1.4890	1.4927	1.4964	1.5001	1.5038	1.5075	1.5112
Woodie	1.4397	1.4559	1.4800	1.4962	1.5203	1.5365	1.5606
Fibonacci	1.4546	1.4700	1.4795	1.4949	1.5103	1.5198	1.5352

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):	78.25
MACD (12,26,9):	0.0052
Directional Movement:	40.9447
AROON (14):	57.1428
DEMA (21):	1.5304
Parabolic SAR (0,02-0,02-0,2):	1.5225
Elder Ray (13):	0.0096
Super Trend (3,10):	1.5265
Zig ZAG (10):	1.5357
VORTEX (21):	1.3030
Stochastique (14,3,5):	95.42
TEMA (21):	1.5324
Williams %R (14):	-9.50
Chande Momentum Oscillator (20):	0.0154
Repulse (5,40,3):	0.4583
ROCnROLL:	1
TRIX (15,9):	0.0374
Courbe Coppock:	1.32

MA7:	1.5084
MA20:	1.4928
MA50:	1.4919
MA100:	1.4914
MAexp7:	1.5304
MAexp20:	1.5239
MAexp50:	1.5165
MAexp100:	1.5101
Price / MA7:	+1.85%
Price / MA20:	+2.91%
Price / MA50:	+2.98%
Price / MA100:	+3.01%
Price / MAexp7:	+0.39%
Price / MAexp20:	+0.81%
Price / MAexp50:	+1.31%
Price / MAexp100:	+1.73%

Quotes : - Real time data - Forex

News

The latest news and videos published on EUR/CAD at the time of the analysis were as follows:

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

About author

Londinia AI

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