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: 2004 pip
Closed trade(s): 2004 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 10 SELL trade(s) @ 1.5299 based on 'Peak' at 2018.07.25 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 1.5250 touched at 2018.07.26 with 49 pip Profit.
TP2 @ 1.5150 touched at 2018.08.01 with 149 pip Profit.
TP3 @ 1.4970 touched at 2018.08.10 with 329 pip Profit.
49 + 149 + 329 = 527 pip

Closed Profit:
Profit for one trade is 1.5299(open price) - 1.5088(current price) = 211 pip
7 trade(s) closed at market price as the major resistance is broken, therefore total profit will increase by 211 x 7 = 1477 pip

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
DateAugust 27, 2018 - 01:43
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

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

Technical analysis:

  • A trough is formed in daily chart at 1.4800 on 08/15/2018, so more gains to resistance(s) 1.5150, 1.5250, 1.5460 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 52.

Supports and Resistances:

  1. 1.2125
  2. 1.3020
  3. 1.3800
  4. 1.4255
  5. 1.4510
  6. 1.4735
  7. 1.4970
  8. 1.5150
  9. 1.5250
  10. 1.5460
  11. 1.5580
  12. 1.5715
  13. 1.6325
  14. 1.6825
  15. 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.