EUR/CAD - 1H - Technical analysis published on 08/16/2019 (GMT)
- Who voted?
- 167
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 1.4783 CAD
My targets
1.4742 CAD (-0.16%)
1.4609 CAD (-1.06%)
My analysis
The bearish trend is currently very strong for EUR/CAD. As long as the price remains below the resistance at 1.4783 CAD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.4742 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.4609 CAD as an objective. Crossing it would then enable sellers to target 1.4316 CAD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
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
The EUR/CAD price is 1.4766 CAD. The price is lower by -0.20% since the last closing with the lowest point at 1.4758 CAD and the highest point at 1.4801 CAD. The deviation from the price is +0.05% for the low point and -0.24% for the high point.1.4758
1.4801
1.4766
Here is a more detailed summary of the historical variations registered by EUR/CAD:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/CAD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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 : 1 hour
Horizontal support is broken
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 | 1.4316 | 1.4609 | 1.4742 | 1.4766 | 1.4783 | 1.4826 | 1.4871 |
| Change (%) | -3.05% | -1.06% | -0.16% | - | +0.12% | +0.41% | +0.71% |
| Change | -0.0450 | -0.0157 | -0.0024 | - | +0.0017 | +0.0060 | +0.0105 |
| Level | Major | Intermediate | Minor | - | Major | Minor | Intermediate |
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 | 1.4663 | 1.4720 | 1.4758 | 1.4815 | 1.4853 | 1.4910 | 1.4948 |
| Camarilla | 1.4770 | 1.4779 | 1.4787 | 1.4796 | 1.4805 | 1.4813 | 1.4822 |
| Woodie | 1.4654 | 1.4715 | 1.4749 | 1.4810 | 1.4844 | 1.4905 | 1.4939 |
| Fibonacci | 1.4720 | 1.4756 | 1.4779 | 1.4815 | 1.4851 | 1.4874 | 1.4910 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4312 | 1.4487 | 1.4647 | 1.4822 | 1.4982 | 1.5157 | 1.5317 |
| Camarilla | 1.4716 | 1.4747 | 1.4777 | 1.4808 | 1.4839 | 1.4869 | 1.4900 |
| Woodie | 1.4306 | 1.4483 | 1.4641 | 1.4818 | 1.4976 | 1.5153 | 1.5311 |
| Fibonacci | 1.4487 | 1.4615 | 1.4694 | 1.4822 | 1.4950 | 1.5029 | 1.5157 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4190 | 1.4382 | 1.4496 | 1.4688 | 1.4802 | 1.4994 | 1.5108 |
| Camarilla | 1.4525 | 1.4553 | 1.4581 | 1.4609 | 1.4637 | 1.4665 | 1.4693 |
| Woodie | 1.4150 | 1.4363 | 1.4456 | 1.4669 | 1.4762 | 1.4975 | 1.5068 |
| Fibonacci | 1.4382 | 1.4499 | 1.4571 | 1.4688 | 1.4805 | 1.4877 | 1.4994 |
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): | 33.95 | |
| MACD (12,26,9): | -0.0013 | |
| Directional Movement: | -13.6879 | |
| AROON (14): | -100.0000 | |
| DEMA (21): | 1.4776 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4813 | |
| Elder Ray (13): | -0.0019 | |
| Super Trend (3,10): | 1.4814 | |
| Zig ZAG (10): | 1.4764 | |
| VORTEX (21): | 0.8009 | |
| Stochastique (14,3,5): | 13.81 | |
| TEMA (21): | 1.4769 | |
| Williams %R (14): | -85.00 | |
| Chande Momentum Oscillator (20): | -0.0031 | |
| Repulse (5,40,3): | -0.0430 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0104 | |
| Courbe Coppock: | 0.39 |
| MA7: | 1.4802 | |
| MA20: | 1.4742 | |
| MA50: | 1.4804 | |
| MA100: | 1.4924 | |
| MAexp7: | 1.4777 | |
| MAexp20: | 1.4791 | |
| MAexp50: | 1.4805 | |
| MAexp100: | 1.4811 | |
| Price / MA7: | -0.24% | |
| Price / MA20: | +0.16% | |
| Price / MA50: | -0.26% | |
| Price / MA100: | -1.06% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -0.30% |
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
Online
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…
Add a comment
Comments
0 comments on the analysis EUR/CAD - 1H