EUR/CAD - 1H - Technical analysis published on 10/03/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
39%
11%
50%
My opinion
Bullish above 1.4595 CAD
My targets
1.4636 CAD (+0.05%)
1.4783 CAD (+1.05%)
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 1.4595 CAD. The buyers” bullish objective is set at 1.4636 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.4783 CAD. If there is any crossing, the next objective would be the resistance located at 1.4918 CAD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/CAD rating 1.4629 CAD. The price registered an increase of +0.14% on the session and was between 1.4573 CAD and 1.4675 CAD. This implies that the price is at +0.38% from its lowest and at -0.31% from its highest.1.4573
1.4675
1.4629
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
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 EUR/CAD in 1H shows a strongly overall 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, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of triangle 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 | 1.4491 | 1.4563 | 1.4595 | 1.4629 | 1.4636 | 1.4783 | 1.4918 |
Change (%) | -0.94% | -0.45% | -0.23% | - | +0.05% | +1.05% | +1.98% |
Change | -0.0138 | -0.0066 | -0.0034 | - | +0.0007 | +0.0154 | +0.0289 |
Level | Intermediate | Intermediate | Minor | - | Intermediate | Major | 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 | 1.4312 | 1.4374 | 1.4491 | 1.4553 | 1.4670 | 1.4732 | 1.4849 |
Camarilla | 1.4560 | 1.4576 | 1.4593 | 1.4609 | 1.4625 | 1.4642 | 1.4658 |
Woodie | 1.4341 | 1.4388 | 1.4520 | 1.4567 | 1.4699 | 1.4746 | 1.4878 |
Fibonacci | 1.4374 | 1.4442 | 1.4484 | 1.4553 | 1.4621 | 1.4663 | 1.4732 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.4261 | 1.4366 | 1.4426 | 1.4531 | 1.4591 | 1.4696 | 1.4756 |
Camarilla | 1.4441 | 1.4456 | 1.4471 | 1.4486 | 1.4501 | 1.4516 | 1.4531 |
Woodie | 1.4239 | 1.4355 | 1.4404 | 1.4520 | 1.4569 | 1.4685 | 1.4734 |
Fibonacci | 1.4366 | 1.4429 | 1.4468 | 1.4531 | 1.4594 | 1.4633 | 1.4696 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.4034 | 1.4227 | 1.4330 | 1.4523 | 1.4626 | 1.4819 | 1.4922 |
Camarilla | 1.4352 | 1.4379 | 1.4406 | 1.4433 | 1.4460 | 1.4487 | 1.4514 |
Woodie | 1.3989 | 1.4205 | 1.4285 | 1.4501 | 1.4581 | 1.4797 | 1.4877 |
Fibonacci | 1.4227 | 1.4340 | 1.4410 | 1.4523 | 1.4636 | 1.4706 | 1.4819 |
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): | 63.02 | |
MACD (12,26,9): | 0.0020 | |
Directional Movement: | 15.9497 | |
AROON (14): | 50.0000 | |
DEMA (21): | 1.4640 | |
Parabolic SAR (0,02-0,02-0,2): | 1.4674 | |
Elder Ray (13): | 0.0005 | |
Super Trend (3,10): | 1.4576 | |
Zig ZAG (10): | 1.4629 | |
VORTEX (21): | 1.0510 | |
Stochastique (14,3,5): | 51.66 | |
TEMA (21): | 1.4636 | |
Williams %R (14): | -47.87 | |
Chande Momentum Oscillator (20): | 0.0032 | |
Repulse (5,40,3): | 0.0060 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0231 | |
Courbe Coppock: | 0.47 |
MA7: | 1.4517 | |
MA20: | 1.4569 | |
MA50: | 1.4666 | |
MA100: | 1.4781 | |
MAexp7: | 1.4626 | |
MAexp20: | 1.4612 | |
MAexp50: | 1.4569 | |
MAexp100: | 1.4539 | |
Price / MA7: | +0.77% | |
Price / MA20: | +0.41% | |
Price / MA50: | -0.25% | |
Price / MA100: | -1.03% | |
Price / MAexp7: | +0.02% | |
Price / MAexp20: | +0.12% | |
Price / MAexp50: | +0.41% | |
Price / MAexp100: | +0.62% |
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:
- 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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