EUR/CAD - Daily - Technical analysis published on 01/03/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 1.4609 CAD
My targets
1.4316 CAD (-0.0152)
1.4118 CAD (-0.0350)
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 1.4609 CAD. The sellers” bearish objective is set at 1.4316 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.4118 CAD. In case of crossing, the next objective would be the support located at 1.3828 CAD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
6.6
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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 1.4468 CAD. The price registered a decrease of -0.25% on the session with the lowest point at 1.4449 CAD and the highest point at 1.4522 CAD. The deviation from the price is +0.13% for the low point and -0.37% for the high point.1.4449
1.4522
1.4468
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this EUR/CAD chart shows a sharp bearish trend. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Daily
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
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 | 1.4118 | 1.4316 | 1.4433 | 1.4468 | 1.4609 | 1.4712 | 1.4783 |
| Change (%) | -2.42% | -1.05% | -0.24% | - | +0.97% | +1.69% | +2.18% |
| Change | -0.0350 | -0.0152 | -0.0035 | - | +0.0141 | +0.0244 | +0.0315 |
| Level | Minor | Intermediate | Intermediate | - | Major | Major | Major |
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 | 1.4404 | 1.4451 | 1.4477 | 1.4524 | 1.4550 | 1.4597 | 1.4623 |
| Camarilla | 1.4484 | 1.4491 | 1.4497 | 1.4504 | 1.4511 | 1.4517 | 1.4524 |
| Woodie | 1.4395 | 1.4446 | 1.4468 | 1.4519 | 1.4541 | 1.4592 | 1.4614 |
| Fibonacci | 1.4451 | 1.4479 | 1.4496 | 1.4524 | 1.4552 | 1.4569 | 1.4597 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4485 | 1.4515 | 1.4566 | 1.4596 | 1.4647 | 1.4677 | 1.4728 |
| Camarilla | 1.4596 | 1.4603 | 1.4611 | 1.4618 | 1.4625 | 1.4633 | 1.4640 |
| Woodie | 1.4497 | 1.4520 | 1.4578 | 1.4601 | 1.4659 | 1.4682 | 1.4740 |
| Fibonacci | 1.4515 | 1.4546 | 1.4565 | 1.4596 | 1.4627 | 1.4646 | 1.4677 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4269 | 1.4407 | 1.4484 | 1.4622 | 1.4699 | 1.4837 | 1.4914 |
| Camarilla | 1.4503 | 1.4523 | 1.4542 | 1.4562 | 1.4582 | 1.4601 | 1.4621 |
| Woodie | 1.4240 | 1.4392 | 1.4455 | 1.4607 | 1.4670 | 1.4822 | 1.4885 |
| Fibonacci | 1.4407 | 1.4489 | 1.4540 | 1.4622 | 1.4704 | 1.4755 | 1.4837 |
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): | 35.46 | |
| MACD (12,26,9): | -0.0030 | |
| Directional Movement: | -16.1015 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 1.4555 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4639 | |
| Elder Ray (13): | -0.0084 | |
| Super Trend (3,10): | 1.4674 | |
| Zig ZAG (10): | 1.4471 | |
| VORTEX (21): | 0.8892 | |
| Stochastique (14,3,5): | 6.48 | |
| TEMA (21): | 1.4526 | |
| Williams %R (14): | -91.67 | |
| Chande Momentum Oscillator (20): | -0.0106 | |
| Repulse (5,40,3): | -0.8005 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0157 | |
| Courbe Coppock: | 1.39 |
| MA7: | 1.4557 | |
| MA20: | 1.4605 | |
| MA50: | 1.4621 | |
| MA100: | 1.4617 | |
| MAexp7: | 1.4542 | |
| MAexp20: | 1.4587 | |
| MAexp50: | 1.4612 | |
| MAexp100: | 1.4650 | |
| Price / MA7: | -0.61% | |
| Price / MA20: | -0.94% | |
| Price / MA50: | -1.05% | |
| Price / MA100: | -1.02% | |
| Price / MAexp7: | -0.51% | |
| Price / MAexp20: | -0.82% | |
| Price / MAexp50: | -0.99% | |
| Price / MAexp100: | -1.24% |
News
The latest news and videos published on EUR/CAD at the time of the analysis were as follows:
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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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