pavelzyuzin
看空

EURCAD Weekly forecast. fundamental and technical overview

FX:EURCAD   歐元 / 加元
The price i currently at the 0.886 Fibonacci level (drawn from (0) to 1.54729
Where i could see the price be in a range zone from 1.55713 to 1.53964 which is also between 0.886 and 1.13 on fibonacci.

The price have been in a strong uptrend, where a trend channel also have formed on the daily chart . The price made a new high before starting to decrease, and can be an indicator of further downside so come. the price performed a Bump and run formation,
(see my other chart from Mar 18)

Long trade levels will be 1.52110 which is also the support line in the daily trend channel and 1.386 on fibonacci.
while confer trade in the range area can be made before any breakouts.

Short trade levels is the current level where a break of the 1.53964 can give further downside to the support line in the trend channel at 1.52110/1.52000 that is also a psychological level. break of this level will force a new analysis of a new short target.


The price can have some struggles to make gains, as geopolitical tensions rise, and therefore rising oil             prices, that can give the CAD a boost. also we have a oversold indicator on the RSI that signals a weakness in the upward momentum for further gains.

There is a lot of high volatility macroeconomic data coming out the coming 2 weeks. where interest decision and removal of quantitative easing program will be watched closely by investors/traders.

_____

Long trade.

1. Sold out on RSI .
2. removal of quantitative easing program in talk.
3. easing geopolitical tensions.
4. More output of oil             from US
5. Support at 1.53964 that can give a new run to test the latest top.

_______

Short trade.

1. Break of the range zone level 1.53964
2. Weeknes in the RSI .
3. 5 wave sequence
4. Geopolitical tensions.
5. rise in oil             prices.
6. steady Interest rate decision with no talks about removal of quantitative easing programs, or postponement of the program
7. Week data Euro             zone and Germany

ZH 繁體中文
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
AR العربية
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人檔案 個人檔案設定 帳戶和帳單 我的事件處理號碼 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出