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Weekly forecast Euro / Canadian Dollar technical chart
Symbol EURCAD

Download MT4 template file

Trade Setup

#EURCAD
Total Profit: 436 pip
Closed trade(s): 128 pip Profit
Open trade(s): 308 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 1.4732 (day close price) based on 'Valley' at 2021.07.06 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.4860 touched at 2021.07.08 with 128 pip Profit.

Open Profit:
Profit for one trade is 1.4776(current price) - 1.4732(open price) = 44 pip
7 trade(s) still open, therefore total profit for open trade(s) is 44 x 7 = 308 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.

DateJuly 11, 2021 - 20:56
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.45800, beginning of uptrend is expected.
  • We make sure when the resistance at 1.51900 breaks.
  • If the support at 1.45800 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 1.4595 on 07/05/2021, so more gains to resistance(s) 1.4860, 1.5050 and maximum to Major Resistance (1.5190) 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. 1.5050
  3. 1.5190
  4. 1.5440
  5. 1.5785
  6. 1.5990
  7. 1.6150
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / Canadian Dollar (EURCAD) Sun, 24 Mar 2024
Euro / Canadian Dollar (EURCAD) Sun, 17 Mar 2024
Euro / Canadian Dollar (EURCAD) Sun, 10 Mar 2024
Euro / Canadian Dollar (EURCAD) Sun, 3 Mar 2024
Euro / Canadian Dollar (EURCAD) Sun, 25 Feb 2024