Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EUR/CAD finds strong support at 50-DMA (1.4910), weakness only on break below

  • EUR/CAD is extending recovery from fresh 3-week lows at 1.4921, up 0.28% on the day.
     
  • RSI is biased higher and Stochs are showing a turn from near oversold levels.
     
  • The pair has closed above 20-DMA which is now strong support at 1.5066.
     
  • The pair finds strong support on the downside at 50-DMA (1.4910) and then the daily cloud.
     
  • We see weakness only on break below, scope then for test of 1.47 levels (channel base).
     
  • We evidence 'Shooting Star' formation on weekly charts which keeps scope for downside.

Support levels - 1.51, 1.5068 (5-DMA), 1.5066 (20-DMA)

Resistance levels - 1.52, 1.5218 (61.8% Fib retrace of 1.6105 to 1.3783 rally)

FxWirePro Currency Strength Index: FxWirePro's Hourly EUR Spot Index was at 12.8089 (Bearish), while Hourly CAD Spot Index was at -116.677 (Neutral) at 0910 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

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 >

2017-12-18 08:05:21
0m
2017-12-18 08:01:28
0m
2017-12-18 08:00:58
0m

December 18 01:30 UTC Released

CNChina House Prices YY*

Actual

5.1 %

Forecast

Previous

5.4 %

December 18 00:30 UTC Released

AUNew Motor Vehicle Sales m/m*

Actual

0.1 %

Forecast

Previous

January 9 11:00 UTC 3181031810m

BRRetail Sales MM*

Actual

Forecast

0.35 %

Previous

January 9 11:00 UTC 3181031810m

BRRetail Sales YY*

Actual

Forecast

3.20 %

Previous

January 9 11:00 UTC 3181031810m

BRRetail Sales YY*

Actual

Forecast

3.20 %

Previous

January 9 11:00 UTC 3181031810m

BRRetail Sales YY*

Actual

Forecast

3.20 %

Previous

January 9 11:00 UTC 3181031810m

BRRetail Sales MM*

Actual

Forecast

0.35 %

Previous

January 9 11:00 UTC 3181031810m

BRRetail Sales YY*

Actual

Forecast

3.20 %

Previous

December 12 09:30 UTC 86018601m

GBRPIX YY

Actual

Forecast

Previous

4.2 %

December 12 09:30 UTC 86018601m

GBPPI Input Prices MM NSA

Actual

Forecast

Previous

1 %

Close

Welcome to EconoTimes

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