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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 09/17/2019 (GMT)

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Londinia
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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 1.4783 CAD
My targets
1.4609 CAD (-0.39%)
1.4316 CAD (-2.39%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.4783 CAD remains possible. It is advisable to trade EUR/CAD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.4783 CAD. The next bearish objective for sellers is set at 1.4609 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.4316 CAD. In case of crossing, the next objective would be the support located at 1.3828 CAD. PS: if there is a bullish break in the resistance located at 1.4783 CAD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
1.8

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.

hsokkar
This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The EUR/CAD rating is 1.4666 CAD. The price has increased by +0.66% since the last closing and was between 1.4567 CAD and 1.4682 CAD. This implies that the price is at +0.68% from its lowest and at -0.11% from its highest.

1.4567
1.4682
1.4666

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this EUR/CAD chart shows a bearish trend. 75% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily



The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


RSI indicator is back under 50

Type : Bearish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily



The analysis of the price chart with Central Patterns scanners does not return any result.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.3828 1.4316 1.4609 1.4666 1.4783 1.4918 1.5066
Change (%) -5.71% -2.39% -0.39% - +0.80% +1.72% +2.73%
Change -0.0838 -0.0350 -0.0057 - +0.0117 +0.0252 +0.0400
Level Intermediate Major Major - Major 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
Standard1.44591.45071.45391.45871.46191.46671.4699
Camarilla1.45481.45551.45631.45701.45771.45851.4592
Woodie1.44501.45031.45301.45831.46101.46631.4690
Fibonacci1.45071.45381.45571.45871.46181.46371.4667


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.42451.43391.45271.46211.48091.49031.5091
Camarilla1.46361.46621.46881.47141.47401.47661.4792
Woodie1.42911.43631.45731.46451.48551.49271.5137
Fibonacci1.43391.44471.45141.46211.47291.47961.4903


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.40591.43191.44751.47351.48911.51511.5307
Camarilla1.45161.45541.45921.46301.46681.47061.4744
Woodie1.40061.42931.44221.47091.48381.51251.5254
Fibonacci1.43191.44781.45761.47351.48941.49921.5151

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 50.49
MACD (12,26,9): -0.0036
Directional Movement: 3.9986
AROON (14): -78.5714
DEMA (21): 1.4592
Parabolic SAR (0,02-0,02-0,2): 1.4445
Elder Ray (13): 0.0002
Super Trend (3,10): 1.4751
Zig ZAG (10): 1.4668
VORTEX (21): 0.8900
Stochastique (14,3,5): 65.55
TEMA (21): 1.4585
Williams %R (14): -28.66
Chande Momentum Oscillator (20): 0.0038
Repulse (5,40,3): 1.2349
ROCnROLL: -1
TRIX (15,9): -0.0413
Courbe Coppock: 1.64
MA7: 1.4594
MA20: 1.4646
MA50: 1.4694
MA100: 1.4843
MAexp7: 1.4617
MAexp20: 1.4641
MAexp50: 1.4711
MAexp100: 1.4803
Price / MA7: +0.49%
Price / MA20: +0.14%
Price / MA50: -0.19%
Price / MA100: -1.19%
Price / MAexp7: +0.34%
Price / MAexp20: +0.17%
Price / MAexp50: -0.31%
Price / MAexp100: -0.93%

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
Londinia AI

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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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