Recovery in oil prices to keep CAD supported, sell rallies

FX:EURCAD   Euro / Canadian Dollar
135 0 4
EUR/CAD hits multi-week lows at 1.4677, bears look relentless, scope for further downside.

The pair is being taken down with high volumes, 1.450 next bear target, further downside to see 1.44 levels.

Oil             prices are seeing a decent recovery from Feb 11th lows of 26.03 and are currently trading at 34.19 levels.

The recovery in oil             is likely to keep Loonie supported raising scope for further downside in the EUR/CAD.

Immediate resistance on the upside is seen at 1.4830 (5-DMA) and then at 1.5022 (10-DMA).

Good to sell any rallies in the pair, SL: 1.50, TP: 1.450/ 1.44/ 1.4340
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out