KeytoMarkets
Long

EURCAD trading at big support levels.

FX:EURCAD   Euro / Canadian Dollar
25 views
0
25 0
Past three-days trading range remains between 1.4735-1.4835. It has a parallel swing low mid-June and August 22nd, finds at 1.4725. The 50MA finds 1.4735 and 20WMA find at 1.4745. At higher time frames 200EMA(monthly) acting as a temporary support. The daily RSI sloping down and the Oscillator remain bearish . Fails to hold the swing support (below chart) focus shifts to its 200MA between 1.4685 and 1.4640.

Medium-term potential support finds at 1.4500-1.4440. Near-term bullish could expect if close a day above 1.4850.spotted with an inverse H&S pattern on the weekly chart. While 1.4440 intact we forecast a bullish bias. Before retrace to 1.4735 it has rejected at the neckline.
Trade closed manually: 170 + pips on hand.
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
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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 Send feedback Ideas Published Followers Following Private Messages Chat Sign Out