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Weekly forecast Euro / Canadian Dollar technical chart
Symbol EURCAD

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.
  • If the Midterm level 1.37000 is broken, we will close open trades.

DateDecember 31, 2022 - 21:31
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1.37000, resumption of uptrend is expected.
  • We make sure when the resistance at 1.46063 breaks.
  • If the support at 1.37000 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1.37000 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1.43390 on 12/27/2022, so more gains maximum to Major Resistance (1.46063) 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 72.

Take Profits:

  1. 1.31853
  2. 1.33880
  3. 1.35881
  4. 1.37735
  5. 1.39328
  6. 1.40609
  7. 1.41584
  8. 1.44150
  9. 1.46063
  10. 1.47952
  11. 1.50929
  12. 1.53812
  13. 1.55910
  14. 1.57778
  15. 1.59734
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