EUR/CAD - 1H - Technical analysis published on 11/29/2019 (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 bullish
De fond:
Slightly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 1.4609 CAD
My targets
1.4648 CAD (+0.06%)
1.4674 CAD (+0.24%)
My analysis
EUR/CAD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 1.4609 CAD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 1.4648 CAD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 1.4674 CAD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 1.4689 CAD. Beware of a possible return to under the support located at 1.4609 CAD which would be the sign of a correction of the bullish excesses registered in the short term.
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
3.8
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/CAD price is 1.4639 CAD. On the day, this instrument gained +0.11% and was traded between 1.4601 CAD and 1.4643 CAD over the period. The price is currently at +0.26% from its lowest and -0.03% from its highest.1.4601
1.4643
1.4639
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 an overall slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of triangle is broken
Type : Bullish
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 | 1.4433 | 1.4587 | 1.4609 | 1.4639 | 1.4648 | 1.4674 | 1.4689 |
| Change (%) | -1.41% | -0.36% | -0.20% | - | +0.06% | +0.24% | +0.34% |
| Change | -0.0206 | -0.0052 | -0.0030 | - | +0.0009 | +0.0035 | +0.0050 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | 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 | 1.4575 | 1.4594 | 1.4609 | 1.4628 | 1.4643 | 1.4662 | 1.4677 |
| Camarilla | 1.4614 | 1.4617 | 1.4620 | 1.4623 | 1.4626 | 1.4629 | 1.4632 |
| Woodie | 1.4572 | 1.4593 | 1.4606 | 1.4627 | 1.4640 | 1.4661 | 1.4674 |
| Fibonacci | 1.4594 | 1.4607 | 1.4615 | 1.4628 | 1.4641 | 1.4649 | 1.4662 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4419 | 1.4512 | 1.4586 | 1.4679 | 1.4753 | 1.4846 | 1.4920 |
| Camarilla | 1.4614 | 1.4629 | 1.4645 | 1.4660 | 1.4675 | 1.4691 | 1.4706 |
| Woodie | 1.4410 | 1.4507 | 1.4577 | 1.4674 | 1.4744 | 1.4841 | 1.4911 |
| Fibonacci | 1.4512 | 1.4576 | 1.4615 | 1.4679 | 1.4743 | 1.4782 | 1.4846 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.32 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 2.1635 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 1.4625 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4601 | |
| Elder Ray (13): | 0.0009 | |
| Super Trend (3,10): | 1.4612 | |
| Zig ZAG (10): | 1.4628 | |
| VORTEX (21): | 1.0343 | |
| Stochastique (14,3,5): | 65.70 | |
| TEMA (21): | 1.4625 | |
| Williams %R (14): | -28.57 | |
| Chande Momentum Oscillator (20): | 0.0000 | |
| Repulse (5,40,3): | 0.0874 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0002 | |
| Courbe Coppock: | 0.02 |
| MA7: | 1.4644 | |
| MA20: | 1.4624 | |
| MA50: | 1.4596 | |
| MA100: | 1.4643 | |
| MAexp7: | 1.4626 | |
| MAexp20: | 1.4625 | |
| MAexp50: | 1.4626 | |
| MAexp100: | 1.4633 | |
| Price / MA7: | -0.03% | |
| Price / MA20: | +0.10% | |
| Price / MA50: | +0.29% | |
| Price / MA100: | -0.03% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.09% | |
| Price / MAexp100: | +0.04% |
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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