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Weekly forecast Euro / Canadian Dollar technical chart
Symbol EURCAD

Download MT4 template file

Trade Setup

#EURCAD
Total Profit: 7880 pip
Closed trade(s): 3330 pip Profit
Open trade(s): 4550 pip Profit
_______________________________________________
Trade Setup:
We opened 13 BUY trade(s) @ 1.4140 (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 115 pip Profit.
TP2 @ 1.4405 touched at 2017.04.19 with 265 pip Profit.
TP3 @ 1.4630 touched at 2017.04.24 with 490 pip Profit.
TP4 @ 1.4810 touched at 2017.04.25 with 670 pip Profit.
TP5 @ 1.4950 touched at 2017.05.02 with 810 pip Profit.
TP6 @ 1.5120 touched at 2017.05.05 with 980 pip Profit.
115 + 265 + 490 + 670 + 810 + 980 = 3330 pip

Open Profit:
Profit for one trade is 1.4790(current price) - 1.4140(open price) = 650 pip
7 trade(s) still open, therefore total profit for open trade(s) is 650 x 7 = 4550 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)
    • Trough on 02/22/2017
    • Support 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
DateJune 18, 2017 - 12:08
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

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

Technical analysis:

  • A peak is formed in daily chart at 1.5255 on 06/02/2017, so more losses to support(s) 1.4630, 1.4405, 1.4255 and minimum to Trend Hunter Buy Zone (1.4050 to 1.3800) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 38.

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) new Sun, 21 Apr 2024
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
History
Daily-Trading-Opportunities on EURCAD.