EUR/CAD - 1H - Technical analysis published on 03/11/2020 (GMT)
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- Timeframe : 1H
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- Status : NEUTRAL
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Slightly bullish
Technical indicators
22%
44%
33%
My opinion
Neutral between 1.5434 CAD and 1.5562 CAD
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 1.5434 CAD. The first resistance is located at 1.5562 CAD. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by EUR/CAD.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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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 1.5511 CAD. On the day, this instrument gained -0.17% with the lowest point at 1.5468 CAD and the highest point at 1.5607 CAD. The deviation from the price is +0.28% for the low point and -0.62% for the high point.1.5468
1.5607
1.5511
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/CAD in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. 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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
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 | 1.4904 | 1.5213 | 1.5434 | 1.5511 | 1.5652 | 1.5817 | 1.6139 |
| Change (%) | -3.91% | -1.92% | -0.50% | - | +0.91% | +1.97% | +4.05% |
| Change | -0.0607 | -0.0298 | -0.0077 | - | +0.0141 | +0.0306 | +0.0628 |
| Level | Major | Intermediate | Intermediate | - | Major | Intermediate | Minor |
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 | 1.5151 | 1.5294 | 1.5416 | 1.5559 | 1.5681 | 1.5824 | 1.5946 |
| Camarilla | 1.5464 | 1.5488 | 1.5513 | 1.5537 | 1.5561 | 1.5586 | 1.5610 |
| Woodie | 1.5140 | 1.5289 | 1.5405 | 1.5554 | 1.5670 | 1.5819 | 1.5935 |
| Fibonacci | 1.5294 | 1.5396 | 1.5458 | 1.5559 | 1.5661 | 1.5723 | 1.5824 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4322 | 1.4524 | 1.4841 | 1.5043 | 1.5360 | 1.5562 | 1.5879 |
| Camarilla | 1.5014 | 1.5062 | 1.5109 | 1.5157 | 1.5205 | 1.5252 | 1.5300 |
| Woodie | 1.4379 | 1.4553 | 1.4898 | 1.5072 | 1.5417 | 1.5591 | 1.5936 |
| Fibonacci | 1.4524 | 1.4723 | 1.4845 | 1.5043 | 1.5242 | 1.5364 | 1.5562 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.3800 | 1.4032 | 1.4406 | 1.4638 | 1.5012 | 1.5244 | 1.5618 |
| Camarilla | 1.4614 | 1.4670 | 1.4725 | 1.4781 | 1.4837 | 1.4892 | 1.4948 |
| Woodie | 1.3872 | 1.4068 | 1.4478 | 1.4674 | 1.5084 | 1.5280 | 1.5690 |
| Fibonacci | 1.4032 | 1.4263 | 1.4406 | 1.4638 | 1.4869 | 1.5012 | 1.5244 |
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): | 47.59 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | 0.4300 | |
| AROON (14): | -21.4285 | |
| DEMA (21): | 1.5525 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.5640 | |
| Elder Ray (13): | -0.0024 | |
| Super Trend (3,10): | 1.5443 | |
| Zig ZAG (10): | 1.5499 | |
| VORTEX (21): | 0.9539 | |
| Stochastique (14,3,5): | 18.87 | |
| TEMA (21): | 1.5503 | |
| Williams %R (14): | -80.58 | |
| Chande Momentum Oscillator (20): | -0.0011 | |
| Repulse (5,40,3): | -0.2504 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0032 | |
| Courbe Coppock: | 0.25 |
| MA7: | 1.5237 | |
| MA20: | 1.4737 | |
| MA50: | 1.4618 | |
| MA100: | 1.4620 | |
| MAexp7: | 1.5516 | |
| MAexp20: | 1.5529 | |
| MAexp50: | 1.5500 | |
| MAexp100: | 1.5379 | |
| Price / MA7: | +1.80% | |
| Price / MA20: | +5.25% | |
| Price / MA50: | +6.11% | |
| Price / MA100: | +6.09% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.86% |
News
Don"t forget to follow the news on EUR/CAD. At the time of publication of this analysis, the latest news was as follows:
-
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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