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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 (1.5360 to 1.5460). 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 (1.5360)
    • Resistance on 11/30/2017
    • Resistance on 12/01/2017
    • Resistance on 01/25/2018
    • Resistance on 01/26/2018
    • Resistance on 01/30/2018
    • Resistance on 02/01/2018
    • Support on 05/02/2018
    • Support on 05/03/2018
    • Resistance on 05/09/2018
    • Peak on 06/07/2018
    • Resistance on 06/07/2018
    • Resistance on 06/11/2018
    • Resistance on 06/14/2018
  • Ending of entry zone (1.5460)
    • Resistance on 03/12/2014
    • Resistance on 03/13/2014
    • Resistance on 03/14/2014
    • Resistance on 03/17/2014
    • Resistance on 08/24/2015
    • Resistance on 08/25/2015
    • Resistance on 08/26/2015
    • Support on 01/13/2016
    • Support on 01/21/2016
    • Support on 02/08/2016
    • Support on 02/10/2016
    • Resistance on 02/17/2016
    • Resistance on 02/07/2018
    • Resistance on 02/08/2018
    • Resistance on 02/09/2018
    • Resistance on 02/12/2018
    • Trough on 04/13/2018
    • Support on 04/13/2018
    • Support on 04/30/2018

DateJune 17, 2018 - 18:05
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

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

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of continuation of downtrend is decreased.
  • The RSI bounced from the resistance #2 at 57 and it prevented price from more gains.
  • A peak is formed in daily chart at 1.5360 on 06/07/2018, so more losses to support(s) 1.5250, 1.5150, 1.4970 and more depths 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 54.

Take Profits:

  1. 1.5250
  2. 1.5150
  3. 1.4970
  4. 1.4735
  5. 1.4510
  6. 1.4255
  7. 1.3800
  8. 1.3020
  9. 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