website utilities


Follow us:
+1 64 64 8000 31 (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
Trade Setup

#EURCAD
Total Profit: 8180 pip
Closed trade(s): 1796 pip Profit
Open trade(s): 6384 pip Profit

Trade Setup:
We opened 13 BUY trades @ 1.37086 based on 'Valley' entry method at 2022-04-22, signaled by DTO:
https://www.forecastcity.com/en/forecasts/Forex/daily-trading-opportunit...

Closed Profit:
TP1 @ 1.37735 touched at 2022-05-24 with 65 pip Profit.
TP2 @ 1.39328 touched at 2022-11-28 with 224 pip Profit.
TP3 @ 1.40609 touched at 2022-11-28 with 352 pip Profit.
TP4 @ 1.41584 touched at 2022-12-02 with 449 pip Profit.
TP5 @ 1.44150 touched at 2022-12-09 with 706 pip Profit.
65 + 224 + 352 + 449 + 706 = 1796 pip

Open Profit:
Profit for one BUY trade is 1.45067(current price) - 1.37086(open price) = 798 pip
8 trade(s) still open, therefore total profit for open trade(s) is 798 x 8 = 6384 pip

#EURCAD
Total Profit: 18748 pip
Closed trade(s): 6596 pip Profit
Open trade(s): 12152 pip Profit

Trade Setup:
We opened 16 BUY trades @ 1.29876 based on 'Valley' entry method at 2022-08-26.

Closed Profit:
TP1 @ 1.31830 touched at 2022-08-31 with 195 pip Profit.
TP2 @ 1.33880 touched at 2022-09-29 with 400 pip Profit.
TP3 @ 1.35881 touched at 2022-10-25 with 600 pip Profit.
TP4 @ 1.37735 touched at 2022-11-15 with 786 pip Profit.
TP5 @ 1.39328 touched at 2022-11-28 with 945 pip Profit.
TP6 @ 1.40609 touched at 2022-11-28 with 1073 pip Profit.
TP7 @ 1.41584 touched at 2022-12-02 with 1170 pip Profit.
TP8 @ 1.44150 touched at 2022-12-09 with 1427 pip Profit.
195 + 400 + 600 + 786 + 945 + 1073 + 1170 + 1427 = 6596 pip

Open Profit:
Profit for one BUY trade is 1.45067(current price) - 1.29876(open price) = 1519 pip
8 trade(s) still open, therefore total profit for open trade(s) is 1519 x 8 = 12152 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.
  • If the Midterm level 1.37000 is broken, we will close open trades.
DateJanuary 15, 2023 - 14:30
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:

  • The RSI uptrend #1 is broken, so the probability of resumption of uptrend is decreased.
  • A trough is formed in daily chart at 1.42330 on 01/06/2023, 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 65.

Take Profits:

  1. 1.31853
  2. 1.33880
  3. 1.35881
  4. 1.37735
  5. 1.39328
  6. 1.40609
  7. 1.41610
  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, 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
History
Daily-Trading-Opportunities on EURCAD.