EUR/CAD - 1H - Technical analysis published on 03/27/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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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
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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 1.5488 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.
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 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:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 1.5241 | 1.5325 | 1.5419 | 1.5503 | 1.5597 | 1.5681 | 1.5775 |
Camarilla | 1.5464 | 1.5480 | 1.5497 | 1.5513 | 1.5529 | 1.5546 | 1.5562 |
Woodie | 1.5246 | 1.5328 | 1.5424 | 1.5506 | 1.5602 | 1.5684 | 1.5780 |
Fibonacci | 1.5325 | 1.5393 | 1.5435 | 1.5503 | 1.5571 | 1.5613 | 1.5681 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.4261 | 1.4739 | 1.5037 | 1.5515 | 1.5813 | 1.6291 | 1.6589 |
Camarilla | 1.5122 | 1.5193 | 1.5264 | 1.5335 | 1.5406 | 1.5477 | 1.5548 |
Woodie | 1.4171 | 1.4694 | 1.4947 | 1.5470 | 1.5723 | 1.6246 | 1.6499 |
Fibonacci | 1.4739 | 1.5035 | 1.5219 | 1.5515 | 1.5811 | 1.5995 | 1.6291 |
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): | 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% |
News
The last news published on EUR/CAD at the time of the generation of this analysis 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.
About author
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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