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Weekly forecast Euro / Canadian Dollar technical chart
Symbol EURCAD

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Trade Setup
#EURCAD
Total Profit: -1080 pip
Closed trade(s): 0 pip Profit
Open trade(s): -1080 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 1.5026 (day close price) based on 'Valley' at 2019.06.21 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Open Profit:
Profit for one trade is 1.4891(current price) - 1.5026(open price) = -135 pip
8 trade(s) still open, therefore total profit for open trade(s) is -135 x 8 = -1080 pip

Trading suggestion:

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

DateJune 29, 2019 - 19:47
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.47500, beginning of uptrend is expected.
  • We make sure when the resistance at 1.52850 breaks.
  • If the support at 1.47500 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI support #1 at 35 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 1.5053 on 06/24/2019, so more losses to support(s) 1.4880, 1.4845 and minimum to Major Support (1.4750) 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 39.

Take Profits:

  1. 1.5080
  2. 1.5140
  3. 1.5215
  4. 1.5285
  5. 1.5450
  6. 1.5640
  7. 1.6150
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