website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Euro / Canadian Dollar technical chart
Symbol EURCAD

Download MT4 template file

Trade Setup
#EURCAD
Total Profit: -994 pip
Closed trade(s): 0 pip Profit
Open trade(s): -994 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 1.4798 (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 1.4656(current price) - 1.4798(open price) = -142 pip
7 trade(s) still open, therefore total profit for open trade(s) is -142 x 7 = -994 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.

DateDecember 7, 2019 - 17:33
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 1.4415, beginning of uptrend is expected.
  • We make sure when the resistance at 1.4970 breaks.
  • If the support at 1.4415 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 1.4636 on 2019-07-08 and the trough at 1.44135 on 2019-10-01, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
  • A trough is formed in daily chart at 1.4595 on 12/05/2019, 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 52.

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) Sat, 19 Sep 2020
Euro / Canadian Dollar (EURCAD) free Sat, 12 Sep 2020
Euro / Canadian Dollar (EURCAD) Sat, 5 Sep 2020
Euro / Canadian Dollar (EURCAD) free Sat, 29 Aug 2020
Euro / Canadian Dollar (EURCAD) free Sat, 22 Aug 2020