Londinia Opportunities Analyses - 09/23/2021 (GMT) EUR/CAD - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
83%
6%
My opinion
Bearish under 1.4916 CAD
My targets
1.4852 CAD (-0.0032)
1.4789 CAD (-0.0095)
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 1.4916 CAD. The next support located at 1.4852 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 1.4789 CAD. Below this support, sellers could then target 1.4626 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8.4
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
EUR/CAD rating 1.4884 CAD. The price is lower by -0.40% since the last closing and was between 1.4879 CAD and 1.4957 CAD. This implies that the price is at +0.03% from its lowest and at -0.49% from its highest.1.4879
1.4957
1.4884
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
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this EUR/CAD chart shows a sharp bearish trend. 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. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 1 hour
Moving Average bearish crossovers : AMA50 & AMA100
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is high given the direction of the technical indicators.
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
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
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:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.4626 | 1.4789 | 1.4852 | 1.4884 | 1.4894 | 1.4916 | 1.4950 |
| Change (%) | -1.73% | -0.64% | -0.21% | - | +0.07% | +0.21% | +0.44% |
| Change | -0.0258 | -0.0095 | -0.0032 | - | +0.0010 | +0.0032 | +0.0066 |
| Level | Major | Minor | Intermediate | - | Major | Minor | 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 | 1.4753 | 1.4828 | 1.4885 | 1.4960 | 1.5017 | 1.5092 | 1.5149 |
| Camarilla | 1.4907 | 1.4919 | 1.4931 | 1.4943 | 1.4955 | 1.4967 | 1.4979 |
| Woodie | 1.4745 | 1.4824 | 1.4877 | 1.4956 | 1.5009 | 1.5088 | 1.5141 |
| Fibonacci | 1.4828 | 1.4878 | 1.4909 | 1.4960 | 1.5010 | 1.5041 | 1.5092 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4713 | 1.4783 | 1.4875 | 1.4945 | 1.5037 | 1.5107 | 1.5199 |
| Camarilla | 1.4924 | 1.4938 | 1.4953 | 1.4968 | 1.4983 | 1.4998 | 1.5013 |
| Woodie | 1.4725 | 1.4789 | 1.4887 | 1.4951 | 1.5049 | 1.5113 | 1.5211 |
| Fibonacci | 1.4783 | 1.4845 | 1.4883 | 1.4945 | 1.5007 | 1.5045 | 1.5107 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.4214 | 1.4437 | 1.4669 | 1.4892 | 1.5124 | 1.5347 | 1.5579 |
| Camarilla | 1.4776 | 1.4818 | 1.4859 | 1.4901 | 1.4943 | 1.4984 | 1.5026 |
| Woodie | 1.4219 | 1.4439 | 1.4674 | 1.4894 | 1.5129 | 1.5349 | 1.5584 |
| Fibonacci | 1.4437 | 1.4611 | 1.4718 | 1.4892 | 1.5066 | 1.5173 | 1.5347 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 28.45 | |
| MACD (12,26,9): | -0.0020 | |
| Directional Movement: | -21.3174 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 1.4917 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.4956 | |
| Elder Ray (13): | -0.0035 | |
| Super Trend (3,10): | 1.4961 | |
| Zig ZAG (10): | 1.4890 | |
| VORTEX (21): | 0.7928 | |
| Stochastique (14,3,5): | 18.00 | |
| TEMA (21): | 1.4906 | |
| Williams %R (14): | -95.24 | |
| Chande Momentum Oscillator (20): | -0.0028 | |
| Repulse (5,40,3): | -0.2631 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0170 | |
| Courbe Coppock: | 0.43 |
| MA7: | 1.4954 | |
| MA20: | 1.4940 | |
| MA50: | 1.4874 | |
| MA100: | 1.4801 | |
| MAexp7: | 1.4921 | |
| MAexp20: | 1.4943 | |
| MAexp50: | 1.4967 | |
| MAexp100: | 1.4972 | |
| Price / MA7: | -0.47% | |
| Price / MA20: | -0.37% | |
| Price / MA50: | +0.07% | |
| Price / MA100: | +0.56% | |
| Price / MAexp7: | -0.25% | |
| Price / MAexp20: | -0.39% | |
| Price / MAexp50: | -0.55% | |
| Price / MAexp100: | -0.59% |
Quotes :
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Real time data
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Forex
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
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Why I'm looking to sell EURCAD: Coleman
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EUR/CAD To Hold Steady
-
EUR/CAD Bullish Breakthrough
-
Bullish Divergence – EURCAD