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Weekly forecast Euro vs. Canadian Dollar technical chart
Symbol EURCAD

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateSat, 07/20/2019 - 15:20
Currentdowntrend
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • 1.4750 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 1.4605 on 07/16/2019, so more gains maximum to Major Resistance (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 31.

Supports and Resistances:

  1. 1.6150
  2. 1.5640
  3. 1.5450
  4. 1.5285
  5. 1.5215
  6. 1.5140
  7. 1.5080
  8. 1.4510
  9. 1.4255
  10. 1.3800
  11. 1.3020
  12. 1.2125
Click on the level to view price action history.

Symbol Released Current Forecast
Euro vs. Canadian Dollar (EURCAD) Sat, 7 Dec 2019
Euro vs. Canadian Dollar (EURCAD) Sat, 30 Nov 2019
Euro vs. Canadian Dollar (EURCAD) Sat, 23 Nov 2019
Euro vs. Canadian Dollar (EURCAD) Sat, 16 Nov 2019
Euro vs. Canadian Dollar (EURCAD) Sat, 9 Nov 2019