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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Euro / Canadian Dollar technical chart
Symbol EURCAD

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Trade Setup
#EURCAD
Total Profit: -672 pip
Closed trade(s): 0 pip Profit
Open trade(s): -672 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 1.4805 (day close price) based on 'Valley' at 2019.08.23 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Open Profit:
Profit for one trade is 1.4708(current price) - 1.4805(open price) = -96 pip
7 trade(s) still open, therefore total profit for open trade(s) is -96 x 7 = -672 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateSat, 09/14/2019 - 19:02
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 1.4435, beginning of uptrend is expected.
  • We make sure when the resistance at 1.4970 breaks.
  • If the support at 1.4435 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 1.4435 on 09/12/2019, so more gains to resistance(s) 1.4710, 1.4860 and maximum to Major Resistance (1.4970) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 54.

Take Profits:

  1. 1.4860
  2. 1.4970
  3. 1.5195
  4. 1.5440
  5. 1.5640
  6. 1.6150
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / Canadian Dollar (EURCAD) new Sat, 30 May 2020
Euro / Canadian Dollar (EURCAD) free Sat, 23 May 2020
Euro / Canadian Dollar (EURCAD) free Sat, 16 May 2020
Euro / Canadian Dollar (EURCAD) Sat, 9 May 2020
Euro / Canadian Dollar (EURCAD) free Sat, 2 May 2020