EUR/CAD - 1H - Technical analysis published on 01/28/2020 (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:
Bearish
De fond:
Slightly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 1.4552 CAD
My targets
1.4494 CAD (-0.0024)
1.4475 CAD (-0.0043)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade EUR/CAD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.4552 CAD. The next bearish objective for sellers is set at 1.4494 CAD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.4475 CAD. In case of crossing, the next objective would be the support located at 1.4456 CAD. In the event of a bullish break in the resistance located at 1.4552 CAD a certain indecision would take hold.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
3.4
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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
The EUR/CAD rating is 1.4518 CAD. The price has increased by -0.10% since the last closing with the lowest point at 1.4512 CAD and the highest point at 1.4552 CAD. The deviation from the price is +0.04% for the low point and -0.23% for the high point.1.4512
1.4552
1.4518
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of EUR/CAD indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4456 | 1.4475 | 1.4494 | 1.4518 | 1.4524 | 1.4552 | 1.4584 |
| Change (%) | -0.43% | -0.30% | -0.17% | - | +0.04% | +0.23% | +0.45% |
| Change | -0.0062 | -0.0043 | -0.0024 | - | +0.0006 | +0.0034 | +0.0066 |
| Level | Intermediate | Major | Minor | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4449 | 1.4474 | 1.4503 | 1.4528 | 1.4557 | 1.4582 | 1.4611 |
| Camarilla | 1.4518 | 1.4523 | 1.4528 | 1.4533 | 1.4538 | 1.4543 | 1.4548 |
| Woodie | 1.4452 | 1.4475 | 1.4506 | 1.4529 | 1.4560 | 1.4583 | 1.4614 |
| Fibonacci | 1.4474 | 1.4494 | 1.4507 | 1.4528 | 1.4548 | 1.4561 | 1.4582 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4265 | 1.4361 | 1.4424 | 1.4520 | 1.4583 | 1.4679 | 1.4742 |
| Camarilla | 1.4444 | 1.4459 | 1.4473 | 1.4488 | 1.4503 | 1.4517 | 1.4532 |
| Woodie | 1.4250 | 1.4353 | 1.4409 | 1.4512 | 1.4568 | 1.4671 | 1.4727 |
| Fibonacci | 1.4361 | 1.4421 | 1.4459 | 1.4520 | 1.4580 | 1.4618 | 1.4679 |
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): | 43.24 | |
| MACD (12,26,9): | 0.0001 | |
| Directional Movement: | -2.8164 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 1.4532 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4551 | |
| Elder Ray (13): | -0.0013 | |
| Super Trend (3,10): | 1.4509 | |
| Zig ZAG (10): | 1.4519 | |
| VORTEX (21): | 1.0084 | |
| Stochastique (14,3,5): | 16.78 | |
| TEMA (21): | 1.4531 | |
| Williams %R (14): | -80.00 | |
| Chande Momentum Oscillator (20): | -0.0014 | |
| Repulse (5,40,3): | -0.0914 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0038 | |
| Courbe Coppock: | 0.00 |
| MA7: | 1.4515 | |
| MA20: | 1.4517 | |
| MA50: | 1.4591 | |
| MA100: | 1.4591 | |
| MAexp7: | 1.4528 | |
| MAexp20: | 1.4529 | |
| MAexp50: | 1.4525 | |
| MAexp100: | 1.4523 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | +0.01% | |
| Price / MA50: | -0.50% | |
| Price / MA100: | -0.50% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.03% |
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
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EUR/CAD To Hold Steady
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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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