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

Download MT4 template file

Trade Setup

#EURCAD
Total Profit: 10276 pip
Closed trade(s): 3318 pip Profit
Open trade(s): 6958 pip Profit
_______________________________________________
Trade Setup:
We opened 13 BUY trade(s) @ 1.4142 (day close price) based on 'Two-Day Reversal Candle (Hammer)' at 2017.04.13 signaled by DTO:
http://ForecastCity.com/forecasts/Forex/daily-trading-opportunity/EURCAD...

Closed Profit:
TP1 @ 1.4255 touched at 2017.04.18 with 113 pip Profit.
TP2 @ 1.4405 touched at 2017.04.19 with 263 pip Profit.
TP3 @ 1.4630 touched at 2017.04.24 with 488 pip Profit.
TP4 @ 1.4810 touched at 2017.04.25 with 668 pip Profit.
TP5 @ 1.4950 touched at 2017.05.02 with 808 pip Profit.
TP6 @ 1.5120 touched at 2017.05.05 with 978 pip Profit.
113 + 263 + 488 + 668 + 808 + 978 = 3318 pip

Open Profit:
Profit for one trade is 1.5136(current price) - 1.4142(open price) = 994 pip
7 trade(s) still open, therefore total profit for open trade(s) is 994 x 7 = 6958 pip
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.4050 to 1.3800). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (1.4050)
    • Trough on 04/13/2017
    • Support on 04/13/2017
    • Support on 04/12/2017
    • Support on 03/03/2017
    • Resistance on 02/03/2017
    • Resistance on 02/02/2017
    • Resistance on 01/26/2017
    • Resistance on 01/06/2017
    • Resistance on 01/05/2017
    • Resistance on 01/03/2017
    • Support on 12/23/2016
    • Support on 12/05/2016
    • Support on 12/03/2015
    • Support on 12/02/2015
    • Support on 11/30/2015
    • Support on 07/21/2015
    • Resistance on 07/14/2015
    • Resistance on 07/02/2015
    • Peak on 06/09/2015
    • Resistance on 06/09/2015
    • Resistance on 06/05/2015
    • Resistance on 06/04/2015
    • Resistance on 06/03/2015
    • Support on 02/20/2015
    • Resistance on 01/26/2015
    • Support on 01/22/2015
    • Support on 01/14/2015
    • Support on 01/13/2015
    • Support on 01/12/2015
    • Resistance on 01/09/2015
    • Support on 12/31/2014
    • Support on 12/08/2014
    • Support on 11/27/2014
    • Resistance on 11/25/2014
    • Resistance on 11/24/2014
    • Support on 11/18/2014
    • Support on 11/17/2014
    • Support on 11/12/2014
    • Support on 11/07/2014
    • Support on 11/03/2014
    • Support on 10/31/2014
    • Support on 10/30/2014
    • Support on 10/07/2014
    • Support on 10/06/2014
    • Support on 10/03/2014
    • Support on 10/02/2014
    • Support on 09/30/2014
    • Support on 09/22/2014
    • Support on 09/19/2014
    • Support on 09/05/2014
    • Support on 09/04/2014
    • Resistance on 11/11/2013
    • Resistance on 11/08/2013
    • Support on 11/05/2013
    • Support on 11/04/2013
    • Support on 11/01/2013
    • Resistance on 10/16/2013
    • Resistance on 10/15/2013
    • Resistance on 10/02/2013
    • Resistance on 08/28/2013
    • Resistance on 08/27/2013
    • Resistance on 08/23/2013
    • Resistance on 08/22/2013
    • Resistance on 11/23/2011
    • Resistance on 11/22/2011
    • Resistance on 11/21/2011
  • Ending of entry zone (1.3800)
    • Support on 02/22/2017
    • Trough on 02/22/2017
    • Support on 02/15/2017
    • Support on 02/14/2017
    • Support on 12/12/2016
    • Peak on 05/20/2015
    • Peak on 05/19/2015
    • Peak on 05/18/2015
    • Trough on 01/27/2015
    • Trough on 01/26/2015
    • Trough on 01/23/2015
    • Peak on 06/25/2013
DateMay 20, 2017 - 21:45
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

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

Technical analysis:

  • A trough is formed in daily chart at 1.4820 on 05/10/2017, so more gains to resistance(s) 1.5300, 1.5730, 1.6090 and more heights 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 68.

Take Profits:

  1. 1.4255
  2. 1.4405
  3. 1.4630
  4. 1.4810
  5. 1.4950
  6. 1.5120
  7. 1.5300
  8. 1.5730
  9. 1.6090
  10. 1.6325
  11. 1.6825
  12. 1.7480
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.