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Weekly forecast Euro / Canadian Dollar technical chart
Symbol EURCAD

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.5715 to 1.5915). 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 (1.5715)
    • Resistance on 04/25/2018
    • Peak on 04/25/2018
    • Resistance on 04/24/2018
    • Resistance on 04/23/2018
    • Resistance on 04/09/2018
    • Resistance on 04/06/2018
    • Resistance on 02/09/2016
    • Support on 01/19/2016
    • Resistance on 01/14/2016
  • Ending of entry zone (1.5915)
    • Resistance on 04/02/2018
    • Resistance on 03/29/2018
    • Support on 03/27/2018
    • Support on 03/26/2018
    • Support on 03/21/2018
    • Resistance on 03/02/2018
    • Resistance on 02/11/2016
    • Resistance on 01/20/2016
    • Resistance on 01/19/2016
    • Resistance on 01/15/2016
    • Resistance on 12/04/2009
    • Resistance on 12/03/2009
    • Resistance on 11/30/2009
    • Resistance on 11/27/2009
    • Resistance on 11/26/2009
    • Resistance on 11/23/2009
    • Resistance on 11/20/2009
    • Resistance on 11/19/2009
    • Resistance on 11/03/2009
    • Resistance on 10/29/2009
    • Resistance on 10/28/2009
    • Resistance on 10/27/2009
    • Resistance on 10/26/2009
    • Resistance on 09/21/2009

DateApril 29, 2018 - 21:19
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 1.61500 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • A peak is formed in daily chart at 1.5715 on 04/25/2018, so more losses to support(s) 1.5510, 1.5375, 1.5250 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 40.

Take Profits:

  1. 1.5510
  2. 1.5375
  3. 1.5250
  4. 1.5125
  5. 1.4970
  6. 1.4735
  7. 1.4510
  8. 1.4255
  9. 1.3800
  10. 1.3020
  11. 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