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Weekly forecast Euro / Canadian Dollar technical chart
Symbol EURCAD

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMarch 6, 2021 - 23:39
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.50500, beginning of uptrend is expected.
  • We make sure when the resistance at 1.54400 breaks.
  • If the support at 1.50500 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 1.5384 on 02/26/2021, so more losses minimum to Major Support (1.5050) 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 34.

Supports and Resistances:

  1. 1.6150
  2. 1.5990
  3. 1.5785
  4. 1.5640
  5. 1.5550
  6. 1.5440
  7. 1.4860
  8. 1.4575
  9. 1.4265
  10. 1.3800
  11. 1.3020
  12. 1.2125
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / Canadian Dollar (EURCAD) Sun, 14 Apr 2024
Euro / Canadian Dollar (EURCAD) Sun, 7 Apr 2024
Euro / Canadian Dollar (EURCAD) Sun, 31 Mar 2024
Euro / Canadian Dollar (EURCAD) Sun, 24 Mar 2024
Euro / Canadian Dollar (EURCAD) Sun, 17 Mar 2024