EUR/CAD - 1H - Technical analysis published on 02/28/2020 (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:
Bullish
De fond:
Strongly bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 1.4710 CAD
My targets
1.4802 CAD (+0.0046)
1.4904 CAD (+0.0148)
My analysis
The basic bullish trend is very strong on EUR/CAD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1.4710 CAD. Crossing the first resistance at 1.4802 CAD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.4904 CAD as an objective. Crossing it would then enable buyers to target 1.5116 CAD. Caution, a return to below 1.4710 CAD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
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 price is 1.4756 CAD. The price has increased by +0.23% since the last closing with the lowest point at 1.4718 CAD and the highest point at 1.4869 CAD. The deviation from the price is +0.26% for the low point and -0.76% for the high point.1.4718
1.4869
1.4756
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/CAD in 1H shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
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 | 1.4517 | 1.4608 | 1.4710 | 1.4756 | 1.4802 | 1.4904 | 1.5116 |
| Change (%) | -1.62% | -1.00% | -0.31% | - | +0.31% | +1.00% | +2.44% |
| Change | -0.0239 | -0.0148 | -0.0046 | - | +0.0046 | +0.0148 | +0.0360 |
| Level | Minor | Minor | Intermediate | - | Minor | Major | 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 | 1.4371 | 1.4447 | 1.4585 | 1.4661 | 1.4799 | 1.4875 | 1.5013 |
| Camarilla | 1.4663 | 1.4683 | 1.4702 | 1.4722 | 1.4742 | 1.4761 | 1.4781 |
| Woodie | 1.4401 | 1.4463 | 1.4615 | 1.4677 | 1.4829 | 1.4891 | 1.5043 |
| Fibonacci | 1.4447 | 1.4529 | 1.4580 | 1.4661 | 1.4743 | 1.4794 | 1.4875 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4168 | 1.4215 | 1.4281 | 1.4328 | 1.4394 | 1.4441 | 1.4507 |
| Camarilla | 1.4315 | 1.4325 | 1.4336 | 1.4346 | 1.4356 | 1.4367 | 1.4377 |
| Woodie | 1.4177 | 1.4220 | 1.4290 | 1.4333 | 1.4403 | 1.4446 | 1.4516 |
| Fibonacci | 1.4215 | 1.4259 | 1.4285 | 1.4328 | 1.4372 | 1.4398 | 1.4441 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4289 | 1.4369 | 1.4527 | 1.4607 | 1.4765 | 1.4845 | 1.5003 |
| Camarilla | 1.4620 | 1.4641 | 1.4663 | 1.4685 | 1.4707 | 1.4729 | 1.4751 |
| Woodie | 1.4328 | 1.4389 | 1.4566 | 1.4627 | 1.4804 | 1.4865 | 1.5042 |
| Fibonacci | 1.4369 | 1.4460 | 1.4516 | 1.4607 | 1.4698 | 1.4754 | 1.4845 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.48 | |
| MACD (12,26,9): | 0.0031 | |
| Directional Movement: | 2.4545 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 1.4804 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4835 | |
| Elder Ray (13): | -0.0024 | |
| Super Trend (3,10): | 1.4858 | |
| Zig ZAG (10): | 1.4742 | |
| VORTEX (21): | 1.0718 | |
| Stochastique (14,3,5): | 12.56 | |
| TEMA (21): | 1.4785 | |
| Williams %R (14): | -89.04 | |
| Chande Momentum Oscillator (20): | -0.0047 | |
| Repulse (5,40,3): | -0.2684 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0460 | |
| Courbe Coppock: | 0.38 |
| MA7: | 1.4500 | |
| MA20: | 1.4490 | |
| MA50: | 1.4521 | |
| MA100: | 1.4572 | |
| MAexp7: | 1.4763 | |
| MAexp20: | 1.4754 | |
| MAexp50: | 1.4672 | |
| MAexp100: | 1.4580 | |
| Price / MA7: | +1.77% | |
| Price / MA20: | +1.84% | |
| Price / MA50: | +1.62% | |
| Price / MA100: | +1.26% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.57% | |
| Price / MAexp100: | +1.21% |
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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