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EUR-CAD

Don't miss the great sell opportunity in EURCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.5670). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURCAD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. Take Profits: TP1= @ 1.5525 TP2= @ 1.5330 TP3= @ 1.4975 SL: Break Above R2
Short
by ForecastCity
10
Don't miss the great sell opportunity in EURCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.5670). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURCAD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. Take Profits: TP1= @ 1.5525 TP2= @ 1.5330 TP3= @ 1.4975 SL: Break Above R2
Short
by ForecastCity
16
EUR/CAD: TECHNICALS, CORRELATION, DATAThe EUR/CAD pair traded near multi-year highs after a strong sell-off in Brent crude (yellow line, inverted). However, buying pressure seems to be easing and German/Canadian 2y yields show a strong divergence with the current exchange rate. Brent is trading at $33, well below the profitability threshold of US oil producers but above the cost base of Saudi Arabia and Russia (which lies around $10-$15 per barrel.) Any push below $27 (a major support for oil) may be therefore capped, especially when demand increases after the coronavirus threat gets under control. Economic surprises and positioning for both currencies are around neutral. News narrative is slightly more bearish for the euro after today's ECB meeting missed market expectations for a coordinated move of the ECB and the EU.
Short
by MujkanovicFX
2
Don't miss the great buy opportunity in EURCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.4592). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURCAD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 1.4937 TP2= @ 1.5205 TP3= @ 1.5637 SL= Break below S2
Long
by ForecastCity
16
Don't miss the great buy opportunity in EURCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.4592). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURCAD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 1.4937 TP2= @ 1.5205 TP3= @ 1.5637 SL= Break below S2
Long
by ForecastCity
12