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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: -3143 pip
Closed trade(s): 0 pip Profit
Open trade(s): -3143 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 1.4349(current price) - 1.4798(open price) = -449 pip
7 trade(s) still open, therefore total profit for open trade(s) is -449 x 7 = -3143 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, 02/15/2020 - 15:39
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.4415 would begin in Midterm.

Technical analysis:

  • While the RSI resistance #1 at 65 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 1.4720 on 02/03/2020, so more losses minimum to Trend Hunter Buy Zone (1.4710 to 1.4625) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 32.

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) free Sat, 4 Apr 2020
Euro / Canadian Dollar (EURCAD) free Sat, 28 Mar 2020
Euro / Canadian Dollar (EURCAD) free Sat, 21 Mar 2020
Euro / Canadian Dollar (EURCAD) Sat, 14 Mar 2020
Euro / Canadian Dollar (EURCAD) free Sat, 7 Mar 2020