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 03/27/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Bearish
De fond: Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 1.5559 CAD
My targets
1.5417 CAD (-0.0071)
1.5244 CAD (-0.0244)
My analysis
The bearish basic trend is very strong on EUR/CAD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1.5559 CAD. Crossing the first support at 1.5417 CAD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1.5244 CAD as an objective. Crossing it would then enable sellers to target 1.5213 CAD. Caution, a return to above the resistance located at 1.5559 CAD would be a sign of a possible consolidation phase of 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.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
4.8

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.

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

Additional analysis

Quotes

The EUR/CAD rating is 1.5488 CAD. The price has increased by -0.16% since the last closing and was traded between 1.5475 CAD and 1.5538 CAD over the period. The price is currently at +0.08% from its lowest and -0.32% from its highest.

1.5475
1.5538
1.5488

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

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:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days

Technical


Technical analysis of EUR/CAD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 7 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



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:

Central Patterns

Support of triangle is broken

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.5213 1.5417 1.5486 1.5488 1.5559 1.5652 1.5850
Change (%) -1.78% -0.46% -0.01% - +0.46% +1.06% +2.34%
Change -0.0275 -0.0071 -0.0002 - +0.0071 +0.0164 +0.0362
Level Major Major Minor - Intermediate Major Major



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
Standard1.52411.53251.54191.55031.55971.56811.5775
Camarilla1.54641.54801.54971.55131.55291.55461.5562
Woodie1.52461.53281.54241.55061.56021.56841.5780
Fibonacci1.53251.53931.54351.55031.55711.56131.5681


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.42611.47391.50371.55151.58131.62911.6589
Camarilla1.51221.51931.52641.53351.54061.54771.5548
Woodie1.41711.46941.49471.54701.57231.62461.6499
Fibonacci1.47391.50351.52191.55151.58111.59951.6291


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.38001.40321.44061.46381.50121.52441.5618
Camarilla1.46141.46701.47251.47811.48371.48921.4948
Woodie1.38721.40681.44781.46741.50841.52801.5690
Fibonacci1.40321.42631.44061.46381.48691.50121.5244

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): 49.26
MACD (12,26,9): -0.0004
Directional Movement: -0.6286
AROON (14): 28.5714
DEMA (21): 1.5495
Parabolic SAR (0,02-0,02-0,2): 1.5448
Elder Ray (13): -0.0008
Super Trend (3,10): 1.5600
Zig ZAG (10): 1.5500
VORTEX (21): 1.0057
Stochastique (14,3,5): 48.33
TEMA (21): 1.5498
Williams %R (14): -44.44
Chande Momentum Oscillator (20): 0.0033
Repulse (5,40,3): 0.0108
ROCnROLL: 2
TRIX (15,9): -0.0038
Courbe Coppock: 0.05
MA7: 1.5494
MA20: 1.5404
MA50: 1.4866
MA100: 1.4735
MAexp7: 1.5497
MAexp20: 1.5502
MAexp50: 1.5513
MAexp100: 1.5526
Price / MA7: -0.04%
Price / MA20: +0.55%
Price / MA50: +4.18%
Price / MA100: +5.11%
Price / MAexp7: -0.06%
Price / MAexp20: -0.09%
Price / MAexp50: -0.16%
Price / MAexp100: -0.24%

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

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