EUR/CAD
EUR CAD
- CAD (-)
- Real time data - Forex
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Type: Forex
Ticker: EURCAD
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EUR/CAD - 1H - Technical analysis published on 11/27/2019 (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 bearish
De fond: Strongly bearish
Technical indicators
56%
17%
28%
My opinion
Bearish under 1.4638 CAD
My targets
1.4609 CAD (-0.01%)
1.4573 CAD (-0.25%)
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 1.4638 CAD. The sellers” bearish objective 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 1.4573 CAD. In case of crossing, the next objective would be the support located at 1.4433 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, 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
4.8

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.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/CAD rating is 1.4610 CAD. The price registered a decrease of -0.12% on the session and was between 1.4587 CAD and 1.4631 CAD. This implies that the price is at +0.16% from its lowest and at -0.14% from its highest.

1.4587
1.4631
1.4610

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


Technical analysis of EUR/CAD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.4433 1.4573 1.4609 1.4610 1.4638 1.4674 1.4689
Change (%) -1.21% -0.25% -0.01% - +0.19% +0.44% +0.54%
Change -0.0177 -0.0037 -0.0001 - +0.0028 +0.0064 +0.0079
Level Minor Minor Major - Intermediate Intermediate Intermediate



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
Standard1.45581.45901.46091.46411.46601.46921.4711
Camarilla1.46131.46181.46221.46271.46321.46361.4641
Woodie1.45511.45871.46021.46381.46531.46891.4704
Fibonacci1.45901.46101.46221.46411.46611.46731.4692


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.44191.45121.45861.46791.47531.48461.4920
Camarilla1.46141.46291.46451.46601.46751.46911.4706
Woodie1.44101.45071.45771.46741.47441.48411.4911
Fibonacci1.45121.45761.46151.46791.47431.47821.4846


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

Technical indicators
Moving averages

RSI (14): 44.21
MACD (12,26,9): -0.0006
Directional Movement: -7.0286
AROON (14): -50.0000
DEMA (21): 1.4605
Parabolic SAR (0,02-0,02-0,2): 1.4591
Elder Ray (13): -0.0002
Super Trend (3,10): 1.4632
Zig ZAG (10): 1.4610
VORTEX (21): 0.9426
Stochastique (14,3,5): 73.15
TEMA (21): 1.4607
Williams %R (14): -30.30
Chande Momentum Oscillator (20): 0.0005
Repulse (5,40,3): -0.0178
ROCnROLL: 2
TRIX (15,9): -0.0084
Courbe Coppock: 0.09
MA7: 1.4668
MA20: 1.4629
MA50: 1.4595
MA100: 1.4644
MAexp7: 1.4611
MAexp20: 1.4614
MAexp50: 1.4628
MAexp100: 1.4643
Price / MA7: -0.40%
Price / MA20: -0.13%
Price / MA50: +0.10%
Price / MA100: -0.23%
Price / MAexp7: -0.01%
Price / MAexp20: -0.03%
Price / MAexp50: -0.12%
Price / MAexp100: -0.23%

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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