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Weekly forecast Euro / 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.

DateJanuary 23, 2021 - 20:54
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.53350, beginning of uptrend is expected.
  • We make sure when the resistance at 1.57050 breaks.
  • If the support at 1.53350 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 1.5265 on 01/20/2021, so more gains to resistance(s) 1.5640 and maximum to Major Resistance (1.5705) 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 50.

Supports and Resistances:

  1. 1.6150
  2. 1.5705
  3. 1.5440
  4. 1.5195
  5. 1.4860
  6. 1.4575
  7. 1.4265
  8. 1.3800
  9. 1.3020
  10. 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