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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Euro vs. Canadian Dollar technical chart
Symbol EURCAD

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.5400 to 1.5585). 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 (1.5400)
    • Resistance on 01/25/2018
    • Support on 02/07/2018
    • Support on 02/08/2018
    • Support on 02/09/2018
    • Support on 02/12/2018
    • Support on 05/01/2018
    • Resistance on 05/04/2018
    • Resistance on 05/07/2018
    • Resistance on 05/08/2018
    • Resistance on 06/19/2018
    • Resistance on 06/20/2018
    • Support on 06/27/2018
    • Resistance on 07/06/2018
    • Resistance on 07/09/2018
    • Resistance on 07/16/2018
    • Resistance on 07/17/2018
    • Resistance on 07/18/2018
    • Support on 07/20/2018
    • Trough on 12/26/2018
    • Support on 12/26/2018
    • Support on 12/27/2018
    • Resistance on 01/04/2019
  • Ending of entry zone (1.5585)
    • Resistance on 03/19/2014
    • Resistance on 03/20/2014
    • Resistance on 08/24/2015
    • Support on 01/15/2016
    • Resistance on 01/26/2016
    • Resistance on 02/08/2016
    • Support on 02/12/2016
    • Resistance on 02/15/2016
    • Resistance on 02/13/2018
    • Resistance on 02/14/2018
    • Resistance on 02/19/2018
    • Support on 02/22/2018
    • Support on 02/27/2018
    • Support on 02/28/2018
    • Support on 04/05/2018
    • Support on 04/06/2018
    • Resistance on 04/17/2018
    • Support on 04/20/2018
    • Resistance on 04/30/2018
    • Resistance on 06/22/2018
    • Peak on 06/25/2018
    • Resistance on 06/25/2018
    • Resistance on 06/26/2018
    • Resistance on 12/27/2018

DateSat, 02/09/2019 - 23:12
Currentrange bound
Forecastbeginning of downtrend
Last weekBullish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.5640 would begin in Midterm.

Technical analysis:

  • The RSI bounced from the resistance #1 at 48 and it prevented price from more gains.
  • A trough is formed in daily chart at 1.4960 on 02/05/2019, so more gains to resistance(s) 1.5115, 1.5285, 1.5400 and maximum to Major Resistance (1.5640) 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 43.

Take Profits:

  1. 1.5285
  2. 1.5115
  3. 1.4915
  4. 1.4750
  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 vs. Canadian Dollar (EURCAD) Sat, 17 Aug 2019
Euro vs. Canadian Dollar (EURCAD) Sat, 10 Aug 2019
Euro vs. Canadian Dollar (EURCAD) free Mon, 5 Aug 2019
Euro vs. Canadian Dollar (EURCAD) Sat, 3 Aug 2019
Euro vs. Canadian Dollar (EURCAD) Sat, 27 Jul 2019