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Weekly forecast Euro / Canadian Dollar technical chart
Symbol EURCAD

Download MT4 template file

Trade Setup

#EURCAD
Total Profit: 15350 pip
Closed trade(s): 7322 pip Profit
Open trade(s): 8028 pip Profit
_______________________________________________
Trade Setup:
We opened 15 SELL trade(s) @ 1.5583 (day close price) based on 'Peak' at 2016.02.12 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/EURCAD...

Closed Profit:
TP1 @ 1.5440 touched at 2016.02.15 with 143 pip Profit.
TP2 @ 1.5300 touched at 2016.02.17 with 283 pip Profit.
TP3 @ 1.5120 touched at 2016.02.22 with 463 pip Profit.
TP4 @ 1.4950 touched at 2016.02.25 with 633 pip Profit.
TP5 @ 1.4810 touched at 2016.02.26 with 773 pip Profit.
TP6 @ 1.4630 touched at 2016.03.01 with 953 pip Profit.
TP7 @ 1.4405 touched at 2016.03.10 with 1178 pip Profit.
TP8 @ 1.4255 touched at 2016.04.22 with 1328 pip Profit.
TP9 @ 1.4015 touched at 2016.12.08 with 1568 pip Profit.
143 + 283 + 463 + 633 + 773 + 953 + 1178 + 1328 + 1568 = 7322 pip

Open Profit:
Profit for one trade is 1.5583(open price) - 1.4245(current price) = 1338 pip
6 trade(s) still open, therefore total profit for open trade(s) is 1338 x 6 = 8028 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.5730 to 1.6090). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.5730)
    • Resistance on 02/10/2016
    • Resistance on 02/09/2016
    • Support on 01/20/2016
    • Support on 01/19/2016
    • Resistance on 01/14/2016
    • Resistance on 12/07/2009
    • Support on 12/02/2009
    • Support on 12/01/2009
    • Support on 11/19/2009
    • Resistance on 11/17/2009
    • Resistance on 11/16/2009
    • Resistance on 11/12/2009
    • Resistance on 11/11/2009
    • Support on 11/10/2009
    • Support on 10/28/2009
    • Support on 10/27/2009
    • Support on 10/23/2009
    • Resistance on 10/22/2009
    • Resistance on 10/21/2009
    • Resistance on 10/06/2009
    • Support on 10/04/2009
    • Support on 10/02/2009
    • Resistance on 09/20/2009
    • Resistance on 09/18/2009
    • Resistance on 09/17/2009
    • Resistance on 09/16/2009
    • Resistance on 09/13/2009
    • Resistance on 09/11/2009
    • Resistance on 09/10/2009
    • Resistance on 09/09/2009
    • Resistance on 09/04/2009
    • Resistance on 09/01/2009
    • Resistance on 08/31/2009
    • Resistance on 07/22/2009
    • Support on 07/20/2009
    • Support on 07/19/2009
    • Support on 07/17/2009
    • Support on 06/19/2009
    • Support on 06/18/2009
    • Resistance on 06/16/2009
    • Resistance on 06/12/2009
    • Resistance on 06/04/2009
    • Resistance on 06/03/2009
    • Support on 05/19/2009
    • Support on 05/18/2009
    • Resistance on 05/10/2009
    • Resistance on 05/07/2009
    • Resistance on 05/06/2009
    • Resistance on 05/05/2009
    • Support on 04/30/2009
    • Support on 02/18/2009
    • Support on 02/10/2009
    • Support on 02/09/2009
    • Support on 02/06/2009
    • Support on 02/05/2009
    • Support on 02/04/2009
    • Support on 01/06/2009
    • Support on 12/02/2008
    • Resistance on 11/19/2008
    • Resistance on 10/31/2008
    • Support on 10/29/2008
    • Support on 10/22/2008
    • Support on 10/15/2008
    • Support on 08/14/2008
    • Support on 06/25/2008
    • Support on 06/24/2008
    • Support on 06/23/2008
    • Support on 06/20/2008
    • Support on 06/19/2008
    • Support on 06/13/2008
    • Support on 06/12/2008
    • Support on 06/11/2008
    • Resistance on 06/04/2008
    • Resistance on 05/06/2008
    • Support on 05/01/2008
    • Support on 04/30/2008
    • Support on 04/29/2008
    • Support on 04/28/2008
    • Support on 04/07/2008
    • Support on 04/04/2008
    • Support on 04/03/2008
  • Ending of entry zone (1.6090)
    • Resistance on 01/20/2016
    • Peak on 09/29/2009
    • Peak on 09/28/2009
    • Resistance on 09/28/2009

DateJanuary 21, 2017 - 17:46
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • The current trend is downtrend and the forecast is continuation of downtrend.

Technical analysis:

  • A trough is formed in daily chart at 1.3875 on 01/04/2017, so more gains to resistance(s) 1.4255, 1.4405, 1.4630 and maximum to Trend Hunter Sell Zone (1.5730 to 1.6090) 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 62.

Take Profits:

  1. 1.5440
  2. 1.5300
  3. 1.5120
  4. 1.4950
  5. 1.4810
  6. 1.4630
  7. 1.4405
  8. 1.4255
  9. 1.4015
  10. 1.3650
  11. 1.3385
  12. 1.3020
  13. 1.2450
  14. 1.2125
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