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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.

DateNovember 21, 2020 - 15:54
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.53550, beginning of uptrend is expected.
  • We make sure when the resistance at 1.56400 breaks.
  • If the support at 1.53550 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI bounced from the resistance #1 at 57 and it prevented price from more gains.
  • A trough is formed in daily chart at 1.5310 on 11/06/2020, so more gains maximum to Major Resistance (1.5640) 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. 1.6150
  2. 1.5640
  3. 1.5440
  4. 1.5195
  5. 1.4970
  6. 1.4860
  7. 1.4575
  8. 1.4265
  9. 1.3800
  10. 1.3020
  11. 1.2125
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