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EUR/CAD
EUR CAD
- CAD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURCAD
ISIN:

EUR/CAD - 1H - Technical analysis published on 02/12/2020 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 1.4437 CAD
My targets
1.4335 CAD (-0.0073)
1.4289 CAD (-0.0119)
My analysis
EUR/CAD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.4437 CAD. The next support located at 1.4335 CAD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.4289 CAD. Below this support, sellers could then target 1.4118 CAD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

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
7.9

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.

whun450
This analysis was given by whun450. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

EUR/CAD rating 1.4408 CAD. On the day, this instrument lost -0.72% with the lowest point at 1.4398 CAD and the highest point at 1.4514 CAD. The deviation from the price is +0.07% for the low point and -0.73% for the high point.

1.4398
1.4514
1.4408

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of EUR/CAD indicates that the overall trend is strongly bearish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 20

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour


Support of triangle is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.3380 1.3828 1.4118 1.4408 1.4437 1.4490 1.4525
Change (%) -7.13% -4.03% -2.01% - +0.20% +0.57% +0.81%
Change -0.1028 -0.0580 -0.0290 - +0.0029 +0.0082 +0.0117
Level Intermediate Intermediate Minor - Major 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
Standard1.44491.44701.44911.45121.45331.45541.4575
Camarilla1.45011.45051.45091.45131.45171.45211.4525
Woodie1.44501.44701.44921.45121.45341.45541.4576
Fibonacci1.44701.44861.44961.45121.45281.45381.4554


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.43351.44441.45031.46121.46711.47801.4839
Camarilla1.45171.45321.45481.45631.45781.45941.4609
Woodie1.43111.44321.44791.46001.46471.47681.4815
Fibonacci1.44441.45081.45481.46121.46761.47161.4780


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.42891.43691.45271.46071.47651.48451.5003
Camarilla1.46201.46411.46631.46851.47071.47291.4751
Woodie1.43281.43891.45661.46271.48041.48651.5042
Fibonacci1.43691.44601.45161.46071.46981.47541.4845

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): 11.54
MACD (12,26,9): -0.0021
Directional Movement: -38.2779
AROON (14): -100.0000
DEMA (21): 1.4448
Parabolic SAR (0,02-0,02-0,2): 1.4462
Elder Ray (13): -0.0048
Super Trend (3,10): 1.4465
Zig ZAG (10): 1.4412
VORTEX (21): 0.6164
Stochastique (14,3,5): 12.34
TEMA (21): 1.4438
Williams %R (14): -85.15
Chande Momentum Oscillator (20): -0.0076
Repulse (5,40,3): -0.2584
ROCnROLL: 2
TRIX (15,9): -0.0132
Courbe Coppock: 0.71
MA7: 1.4557
MA20: 1.4550
MA50: 1.4572
MA100: 1.4588
MAexp7: 1.4444
MAexp20: 1.4472
MAexp50: 1.4501
MAexp100: 1.4532
Price / MA7: -1.02%
Price / MA20: -0.98%
Price / MA50: -1.13%
Price / MA100: -1.23%
Price / MAexp7: -0.25%
Price / MAexp20: -0.44%
Price / MAexp50: -0.64%
Price / MAexp100: -0.85%

News


The last news published on EUR/CAD at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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