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 11/02/2019 (GMT)

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

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Slightly bearish
Technical indicators
89%
0%
11%
My opinion
Bullish above 1.4520 CAD
My targets
1.4713 CAD (+0.27%)
1.4783 CAD (+0.74%)
My analysis
The strong short-term increase in EUR/CAD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 1.4520 CAD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 1.4713 CAD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.4783 CAD as an objective. Crossing it would then enable buyers to target 1.4918 CAD. Caution, a return under 1.4520 CAD could jeopardize the reversal.

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
0
10
3.2

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

Additional analysis

Quotes

The EUR/CAD price is 1.4674 CAD. The price is lower by -0.12% since the last closing and was traded between 1.4664 CAD and 1.4708 CAD over the period. The price is currently at +0.07% from its lowest and -0.23% from its highest.

1.4664
1.4708
1.4674

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 result:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of EUR/CAD indicates that the overall trend is slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily



In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.4316 1.4433 1.4520 1.4674 1.4713 1.4783 1.4918
Change (%) -2.44% -1.64% -1.05% - +0.27% +0.74% +1.66%
Change -0.0358 -0.0241 -0.0154 - +0.0039 +0.0109 +0.0244
Level Major Intermediate Intermediate - Intermediate Major 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
Standard1.45691.46061.46481.46851.47271.47641.4806
Camarilla1.46691.46771.46841.46911.46981.47061.4713
Woodie1.45731.46071.46521.46861.47311.47651.4810
Fibonacci1.46061.46361.46551.46851.47151.47341.4764


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.41971.43311.44001.45341.46031.47371.4806
Camarilla1.44121.44311.44491.44681.44871.45051.4524
Woodie1.41641.43151.43671.45181.45701.47211.4773
Fibonacci1.43311.44091.44571.45341.46121.46601.4737


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.41931.43041.44981.46091.48031.49141.5108
Camarilla1.46071.46351.46631.46911.47191.47471.4775
Woodie1.42341.43251.45391.46301.48441.49351.5149
Fibonacci1.43041.44211.44931.46091.47261.47981.4914

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): 58.37
MACD (12,26,9): 0.0007
Directional Movement: 10.0003
AROON (14): 14.2857
DEMA (21): 1.4599
Parabolic SAR (0,02-0,02-0,2): 1.4466
Elder Ray (13): 0.0084
Super Trend (3,10): 1.4694
Zig ZAG (10): 1.4682
VORTEX (21): 1.0591
Stochastique (14,3,5): 90.54
TEMA (21): 1.4622
Williams %R (14): -15.04
Chande Momentum Oscillator (20): 0.0058
Repulse (5,40,3): 0.6525
ROCnROLL: 1
TRIX (15,9): -0.0064
Courbe Coppock: 0.04
MA7: 1.4582
MA20: 1.4595
MA50: 1.4597
MA100: 1.4687
MAexp7: 1.4621
MAexp20: 1.4596
MAexp50: 1.4620
MAexp100: 1.4697
Price / MA7: +0.63%
Price / MA20: +0.54%
Price / MA50: +0.53%
Price / MA100: -0.09%
Price / MAexp7: +0.36%
Price / MAexp20: +0.53%
Price / MAexp50: +0.37%
Price / MAexp100: -0.16%

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:

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

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