EUR/CAD - 1H - Technical analysis published on 11/12/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 1.4577 CAD
My targets
1.4543 CAD (-0.19%)
1.4468 CAD (-0.71%)
My analysis
In the short term, we can see an acceleration in the bearish trend on EUR/CAD, which is a positive signal for sellers. As long as the price remains above 1.4577 CAD, a sale could be considered. The first bearish objective is located at 1.4543 CAD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1.4468 CAD as an objective. Crossing it would then enable sellers to target 1.4316 CAD. If the price were to return above 1.4577 CAD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
5.5
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/CAD rating 1.4571 CAD. On the day, this instrument lost -0.22% and was traded between 1.4554 CAD and 1.4626 CAD over the period. The price is currently at +0.12% from its lowest and -0.38% from its highest.1.4554
1.4626
1.4571
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/CAD in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4316 | 1.4468 | 1.4543 | 1.4571 | 1.4577 | 1.4613 | 1.4642 |
| Change (%) | -1.75% | -0.71% | -0.19% | - | +0.04% | +0.29% | +0.49% |
| Change | -0.0255 | -0.0103 | -0.0028 | - | +0.0006 | +0.0042 | +0.0071 |
| Level | Major | Intermediate | Intermediate | - | Minor | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4525 | 1.4544 | 1.4574 | 1.4593 | 1.4623 | 1.4642 | 1.4672 |
| Camarilla | 1.4590 | 1.4594 | 1.4599 | 1.4603 | 1.4608 | 1.4612 | 1.4617 |
| Woodie | 1.4530 | 1.4547 | 1.4579 | 1.4596 | 1.4628 | 1.4645 | 1.4677 |
| Fibonacci | 1.4544 | 1.4563 | 1.4575 | 1.4593 | 1.4612 | 1.4624 | 1.4642 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4363 | 1.4453 | 1.4514 | 1.4604 | 1.4665 | 1.4755 | 1.4816 |
| Camarilla | 1.4534 | 1.4547 | 1.4561 | 1.4575 | 1.4589 | 1.4603 | 1.4617 |
| Woodie | 1.4349 | 1.4446 | 1.4500 | 1.4597 | 1.4651 | 1.4748 | 1.4802 |
| Fibonacci | 1.4453 | 1.4511 | 1.4546 | 1.4604 | 1.4662 | 1.4697 | 1.4755 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4193 | 1.4304 | 1.4498 | 1.4609 | 1.4803 | 1.4914 | 1.5108 |
| Camarilla | 1.4607 | 1.4635 | 1.4663 | 1.4691 | 1.4719 | 1.4747 | 1.4775 |
| Woodie | 1.4234 | 1.4325 | 1.4539 | 1.4630 | 1.4844 | 1.4935 | 1.5149 |
| Fibonacci | 1.4304 | 1.4421 | 1.4493 | 1.4609 | 1.4726 | 1.4798 | 1.4914 |
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): | 31.40 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -16.7957 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 1.4592 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4617 | |
| Elder Ray (13): | -0.0026 | |
| Super Trend (3,10): | 1.4608 | |
| Zig ZAG (10): | 1.4568 | |
| VORTEX (21): | 0.8880 | |
| Stochastique (14,3,5): | 9.83 | |
| TEMA (21): | 1.4585 | |
| Williams %R (14): | -80.56 | |
| Chande Momentum Oscillator (20): | -0.0039 | |
| Repulse (5,40,3): | -0.1094 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0030 | |
| Courbe Coppock: | 0.20 |
| MA7: | 1.4586 | |
| MA20: | 1.4589 | |
| MA50: | 1.4584 | |
| MA100: | 1.4659 | |
| MAexp7: | 1.4584 | |
| MAexp20: | 1.4593 | |
| MAexp50: | 1.4591 | |
| MAexp100: | 1.4591 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | -0.12% | |
| Price / MA50: | -0.09% | |
| Price / MA100: | -0.60% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.14% |
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.
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