EUR/CAD - 1H - Technical analysis published on 01/15/2020 (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:
Neutral
De fond:
Bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 1.4520 CAD
My targets
1.4567 CAD (+0.0032)
1.4621 CAD (+0.0086)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 1.4520 CAD remains possible. It is advisable to trade EUR/CAD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1.4520 CAD. The next bullish objective for buyers is set at 1.4567 CAD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.4621 CAD. If there is any crossing, the next objective would be the resistance located at 1.4783 CAD. PS: if there is a bearish break in the support located at 1.4520 CAD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
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
4.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/CAD rating 1.4535 CAD. On the day, this instrument lost -0.04% and was traded between 1.4532 CAD and 1.4547 CAD over the period. The price is currently at +0.02% from its lowest and -0.08% from its highest.1.4532
1.4547
1.4535
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of EUR/CAD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 1.4462 | 1.4496 | 1.4520 | 1.4535 | 1.4539 | 1.4567 | 1.4621 |
| Change (%) | -0.50% | -0.27% | -0.10% | - | +0.03% | +0.22% | +0.59% |
| Change | -0.0073 | -0.0039 | -0.0015 | - | +0.0004 | +0.0032 | +0.0086 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 1.4465 | 1.4490 | 1.4516 | 1.4541 | 1.4567 | 1.4592 | 1.4618 |
| Camarilla | 1.4527 | 1.4532 | 1.4536 | 1.4541 | 1.4546 | 1.4550 | 1.4555 |
| Woodie | 1.4465 | 1.4490 | 1.4516 | 1.4541 | 1.4567 | 1.4592 | 1.4618 |
| Fibonacci | 1.4490 | 1.4510 | 1.4522 | 1.4541 | 1.4561 | 1.4573 | 1.4592 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4379 | 1.4419 | 1.4466 | 1.4506 | 1.4553 | 1.4593 | 1.4640 |
| Camarilla | 1.4489 | 1.4497 | 1.4505 | 1.4513 | 1.4521 | 1.4529 | 1.4537 |
| Woodie | 1.4383 | 1.4421 | 1.4470 | 1.4508 | 1.4557 | 1.4595 | 1.4644 |
| Fibonacci | 1.4419 | 1.4452 | 1.4473 | 1.4506 | 1.4539 | 1.4560 | 1.4593 |
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): | 54.45 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | 1.2793 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 1.4540 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4523 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 1.4525 | |
| Zig ZAG (10): | 1.4541 | |
| VORTEX (21): | 0.9708 | |
| Stochastique (14,3,5): | 74.67 | |
| TEMA (21): | 1.4539 | |
| Williams %R (14): | -24.00 | |
| Chande Momentum Oscillator (20): | 0.0011 | |
| Repulse (5,40,3): | 0.0045 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0008 | |
| Courbe Coppock: | 0.10 |
| MA7: | 1.4518 | |
| MA20: | 1.4551 | |
| MA50: | 1.4607 | |
| MA100: | 1.4598 | |
| MAexp7: | 1.4539 | |
| MAexp20: | 1.4539 | |
| MAexp50: | 1.4534 | |
| MAexp100: | 1.4526 | |
| Price / MA7: | +0.12% | |
| Price / MA20: | -0.11% | |
| Price / MA50: | -0.49% | |
| Price / MA100: | -0.43% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.06% |
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
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Why I'm looking to sell EURCAD: Coleman
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EUR/CAD To Hold Steady
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EUR/CAD Bullish Breakthrough
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Bullish Divergence – EURCAD
This member declared not having a position on this financial instrument or a related financial instrument.
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