Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EUR/CAD Trade Idea

FxWirePro's Hourly Currency Strength Index Bias for EUR/CAD: Bearish

FxWirePro's Hourly EUR Spot Index was at -112.487 : Bearish

FxWirePro's Hourly CAD Spot Index was at 108.342 : Bearish

Technical Studies: Bias bearish

- RSI and Stochs biased lower, RSI weakness seen below 50 levels

- MACD shows bearish crossover on signal line

- Price action dips into daily cloud, hovers around 100-DMA at 1.4759

- 5-DMA sharply lower and has shown bearish crossover on 20-DMA

Support levels - 1.4741 (50-DMA), 1.47, 1.4685 (Oct 18 low), 1.46 (trendline)

Resistance levels - 1.4838 (5-DMA), 1.4848 (20-DMA), 1.5040 (Oct 31 high)

Recommendation: Good to go short on break below 1.4740, SL: 1.4840, TP: 1.47/ 1.4685/ 1.46.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

November 24 15:30 UTC Released

USECRI Weekly Index*

Actual

145.6 %

Forecast

Previous

145.6 %

November 24 14:45 UTC Released

US1st Half-Mth Infl YY*

Actual

54.6 %

Forecast

Previous

54.6 %

November 27 09:00 UTC 29692969m

ITExport Prices*

Actual

Forecast

Previous

111 %

November 27 09:00 UTC 29692969m

ITImport Prices*

Actual

Forecast

Previous

116.1 %

November 27 14:00 UTC 32693269m

MXTrade Balance, $*

Actual

Forecast

Previous

-1.886 Bln USD

November 27 14:00 UTC 32693269m

MXTrade Balance SA*

Actual

Forecast

Previous

-1.559 Bln USD

November 27 15:30 UTC 33593359m

USDallas Fed mfg bus index

Actual

Forecast

Previous

27.6

November 27 21:00 UTC 36893689m

KRBOK Manufacturing BSI*

Actual

Forecast

Previous

87 Bln BRL

November 28 00:00 UTC 38693869m

BRCentral Govt Balance

Actual

Forecast

Previous

-22.725 Bln BRL

November 28 07:00 UTC 42894289m

DEGDP Growth QQ* Advance

Actual

Forecast

Previous

10.7 %

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.