Weekly EURCAD Technical Analysis and Forecast - Forex

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Weekly forecast Euro / Canadian Dollar technical chart

Symbol

EURCAD

Download MT4 template file

Trade Setup

#EURCAD
Total Profit: 708 pip
Closed trade(s): 0 pip Profit
Open trade(s): 708 pip Profit
_______________________________________________
Trade Setup:
We opened 12 SELL trade(s) @ 1.5121 (day close price) based on 'Peak' at 2017.12.21 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Open Profit:
Profit for one trade is 1.5121(open price) - 1.5063(current price) = 59 pip
12 trade(s) still open, therefore total profit for open trade(s) is 59 x 12 = 708 pip
_______________________________________________

Trading suggestion:

We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

Date December 31, 2017 - 22:30

Current range bound

Forecast beginning of downtrend

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.

Technical analysis:

A peak is formed in daily chart at 1.5300 on 12/20/2017, so more losses to support(s) 1.4980, 1.4860, 1.4720 and more depths 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 49.

Take Profits:

1.4980
- Support on 12/06/2017
- Support on 12/05/2017
- Support on 11/22/2017
- Support on 11/21/2017
- Resistance on 11/02/2017
- Resistance on 10/27/2017
- Resistance on 08/16/2017
- Resistance on 08/15/2017
- Resistance on 08/08/2017
- Resistance on 08/07/2017
- Resistance on 06/28/2017
- Resistance on 06/27/2017
- Support on 05/30/2017
- Resistance on 05/15/2017
- Resistance on 11/09/2016
- Resistance on 04/08/2016
- Resistance on 04/07/2016
- Resistance on 04/06/2016
- Resistance on 04/05/2016
- Resistance on 04/01/2016
- Resistance on 03/10/2016
- Resistance on 02/26/2016
- Support on 01/05/2016
- Support on 12/17/2015
- Support on 12/16/2015
- Support on 12/15/2015
1.4860
- Resistance on 11/13/2017
- Support on 10/30/2017
- Support on 10/27/2017
- Resistance on 10/23/2017
- Support on 08/31/2017
- Support on 08/28/2017
- Resistance on 08/23/2017
- Resistance on 08/21/2017
- Support on 08/10/2017
- Support on 08/09/2017
- Support on 08/08/2017
- Resistance on 06/26/2017
- Resistance on 06/23/2017
- Resistance on 06/15/2017
- Support on 05/12/2017
- Resistance on 04/27/2017
- Resistance on 04/26/2017
- Resistance on 04/25/2017
- Resistance on 11/09/2016
- Support on 11/04/2016
- Resistance on 11/02/2016
- Resistance on 10/10/2016
- Resistance on 09/28/2016
- Resistance on 09/15/2016
- Resistance on 09/14/2016
1.4720
- Support on 10/17/2017
- Support on 10/16/2017
- Support on 10/13/2017
- Support on 10/10/2017
- Resistance on 10/06/2017
- Resistance on 10/05/2017
- Resistance on 10/03/2017
- Resistance on 10/02/2017
- Resistance on 09/28/2017
- Resistance on 09/25/2017
- Resistance on 09/21/2017
- Resistance on 09/18/2017
- Support on 09/05/2017
- Support on 09/04/2017
- Support on 08/25/2017
- Support on 08/22/2017
- Support on 08/17/2017
- Resistance on 07/28/2017
- Support on 06/20/2017
- Support on 06/19/2017
- Support on 11/01/2016
- Resistance on 10/28/2016
- Support on 10/07/2016
- Support on 10/06/2016
- Support on 09/30/2016
- Resistance on 09/21/2016
- Resistance on 09/12/2016
- Resistance on 08/03/2016
- Resistance on 08/02/2016
- Resistance on 06/06/2016
1.4475
- Support on 09/27/2017
- Support on 09/15/2017
- Support on 09/06/2017
- Support on 07/20/2017
- Peak on 02/02/2015
1.4255
- Support on 04/06/2017
- Support on 04/05/2017
- Support on 04/04/2017
- Support on 03/16/2017
- Support on 03/15/2017
- Resistance on 01/24/2017
- Resistance on 01/23/2017
- Resistance on 01/20/2017
- Resistance on 12/30/2016
- Resistance on 12/08/2016
- Support on 11/22/2016
- Support on 11/21/2016
- Support on 10/19/2016
- Support on 07/15/2016
- Support on 06/24/2016
- Support on 04/21/2016
- Support on 04/20/2016
- Resistance on 11/24/2015
- Resistance on 11/23/2015
- Resistance on 11/20/2015
- Resistance on 11/17/2015
- Support on 11/09/2015
- Support on 11/06/2015
- Support on 11/05/2015
- Support on 11/04/2015
- Support on 08/07/2015
- Support on 07/28/2015
- Resistance on 07/22/2015
- Resistance on 07/10/2015
- Resistance on 02/24/2015
- Resistance on 02/20/2015
- Resistance on 02/19/2015
- Support on 02/12/2015
- Resistance on 02/10/2015
- Support on 02/05/2015
- Support on 01/30/2015
- Resistance on 12/01/2014
- Resistance on 11/28/2014
- Resistance on 11/20/2014
- Resistance on 11/19/2014
- Resistance on 11/06/2014
- Support on 10/21/2014
- Resistance on 09/24/2014
- Resistance on 09/23/2014
- Support on 09/12/2014
- Resistance on 09/10/2014
- Support on 09/01/2014
- Support on 08/29/2014
- Resistance on 11/22/2013
- Resistance on 08/29/2011
- Resistance on 08/26/2011
- Resistance on 08/25/2011
- Resistance on 08/24/2011
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
- Resistance on 06/09/2015
- Peak 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
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
1.3385
- Support on 05/05/2015
- Resistance on 04/29/2015
- Support on 04/09/2015
- Trough on 03/17/2015
- Trough on 03/16/2015
- Trough on 03/13/2015
- Support on 03/13/2015
- Support on 03/12/2015
- Support on 05/31/2013
- Support on 05/30/2013
- Resistance on 05/28/2013
- Resistance on 05/24/2013
- Resistance on 04/25/2013
- Resistance on 04/24/2013
- Resistance on 04/15/2013
- Resistance on 03/13/2013
- Support on 03/07/2013
- Support on 03/06/2013
- Support on 02/27/2013
- Support on 02/26/2013
- Trough on 03/16/2011
- Trough on 03/15/2011
- Trough on 03/14/2011
- Trough on 03/11/2011
- Trough on 03/10/2011
- Trough on 03/07/2011
- Trough on 03/04/2011
- Trough on 03/03/2011
- Trough on 03/02/2011
- Trough on 03/01/2011
1.3020
- Trough on 04/21/2015
- Trough on 04/20/2015
- Support on 04/17/2015
- Trough on 04/17/2015
- Support on 04/04/2013
- Support on 04/01/2013
- Support on 03/29/2013
- Support on 01/11/2013
- Support on 12/19/2012
- Resistance on 12/05/2012
- Resistance on 12/04/2012
- Peak on 11/06/2012
- Peak on 11/05/2012
- Peak on 11/02/2012
- Peak on 11/01/2012
- Resistance on 10/31/2012
- Peak on 10/31/2012
- Resistance on 10/22/2012
- Resistance on 06/04/2012
- Resistance on 05/11/2012
- Resistance on 05/09/2012
- Support on 05/01/2012
- Support on 04/24/2012
- Support on 04/23/2012
- Support on 04/16/2012
- Support on 04/09/2012
- Support on 03/19/2012
- Support on 03/02/2012
- Support on 02/16/2012
- Support on 02/15/2012
- Support on 02/06/2012
1.2450
- Support on 09/11/2012
- Resistance on 09/04/2012
- Resistance on 08/31/2012
- Resistance on 08/30/2012
- Resistance on 08/06/2012
- Peak on 08/02/2012
- Peak on 08/01/2012
- Peak on 07/31/2012
- Peak on 07/30/2012
- Resistance on 07/27/2012
- Peak on 07/27/2012
- Resistance on 07/18/2012
- Trough on 06/11/2010
- Trough on 06/10/2010
- Support on 06/10/2010
- Resistance on 06/10/2010
1.2125
- Trough on 08/22/2012
- Trough on 08/21/2012
- Trough on 08/20/2012
- Trough on 08/17/2012
- Trough on 08/16/2012
- Support on 08/16/2012

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

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Forex
AUDSGD
CHFSGD^free
EURSGD
GBPSGD^free
NZDSGD
SGDJPY
USDSGD
USDTRY^free

1,978	1,582	1,442	1,407
1,155	622	595	556
496	470	456	454
415	408	379	293
274	267	263	258
240	217	206	198
197	186	175	173
168	154	140	138
132	125	123	123
120	119	110	102