EUR/CAD - 1H - Technical analysis published on 10/22/2019 (GMT)
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- 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
33%
39%
28%
My opinion
Bearish under 1.4582 CAD
My targets
1.4561 CAD (-0.14%)
1.4548 CAD (-0.23%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/CAD as long as the price remains well below 1.4582 CAD. The sellers” bearish objective is set at 1.4561 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.4548 CAD. In case of crossing, the next objective would be the support located at 1.4520 CAD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
6.3
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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
The EUR/CAD rating is 1.4582 CAD. The price registered a decrease of -0.09% on the session and was traded between 1.4564 CAD and 1.4607 CAD over the period. The price is currently at +0.12% from its lowest and -0.17% from its highest.1.4564
1.4607
1.4582
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 overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4520 | 1.4548 | 1.4561 | 1.4582 | 1.4582 | 1.4613 | 1.4647 |
| Change (%) | -0.43% | -0.23% | -0.14% | 0% | - | +0.21% | +0.45% |
| Change | -0.0062 | -0.0034 | -0.0021 | 0 | - | +0.0031 | +0.0065 |
| Level | Intermediate | Major | Minor | Minor | - | Intermediate | Major |
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 | 1.4475 | 1.4528 | 1.4562 | 1.4615 | 1.4649 | 1.4702 | 1.4736 |
| Camarilla | 1.4571 | 1.4579 | 1.4587 | 1.4595 | 1.4603 | 1.4611 | 1.4619 |
| Woodie | 1.4465 | 1.4523 | 1.4552 | 1.4610 | 1.4639 | 1.4697 | 1.4726 |
| Fibonacci | 1.4528 | 1.4562 | 1.4582 | 1.4615 | 1.4649 | 1.4669 | 1.4702 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4441 | 1.4486 | 1.4575 | 1.4620 | 1.4709 | 1.4754 | 1.4843 |
| Camarilla | 1.4627 | 1.4639 | 1.4652 | 1.4664 | 1.4676 | 1.4689 | 1.4701 |
| Woodie | 1.4463 | 1.4497 | 1.4597 | 1.4631 | 1.4731 | 1.4765 | 1.4865 |
| Fibonacci | 1.4486 | 1.4537 | 1.4569 | 1.4620 | 1.4671 | 1.4703 | 1.4754 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.91 | |
| MACD (12,26,9): | -0.0008 | |
| Directional Movement: | -6.9406 | |
| AROON (14): | 0 | |
| DEMA (21): | 1.4576 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4606 | |
| Elder Ray (13): | -0.0006 | |
| Super Trend (3,10): | 1.4612 | |
| Zig ZAG (10): | 1.4579 | |
| VORTEX (21): | 0.9679 | |
| Stochastique (14,3,5): | 28.68 | |
| TEMA (21): | 1.4575 | |
| Williams %R (14): | -62.79 | |
| Chande Momentum Oscillator (20): | -0.0012 | |
| Repulse (5,40,3): | -0.0049 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0096 | |
| Courbe Coppock: | 0.12 |
| MA7: | 1.4604 | |
| MA20: | 1.4576 | |
| MA50: | 1.4628 | |
| MA100: | 1.4724 | |
| MAexp7: | 1.4580 | |
| MAexp20: | 1.4588 | |
| MAexp50: | 1.4602 | |
| MAexp100: | 1.4607 | |
| Price / MA7: | -0.15% | |
| Price / MA20: | +0.04% | |
| Price / MA50: | -0.31% | |
| Price / MA100: | -0.96% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.17% |
News
The last news published on EUR/CAD at the time of the generation of this analysis 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.
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