Technical outlook and ideas for Forex pairs
We have outlooked several promising Forex pairs and the result can surprise you!
EUR/CAD has reached the top of the range
Information is not investment advice
EUR/CAD strengthened last week but ran into the resistance of the 100-day MA around 1.4675. It’s where the upper part of the range, within which it has been trading since the start of September, is. On the D1, the pair touched the upper Bollinger Band. With the Stochastic Oscillator trying to exit the overbought area and cross the signal line to the downside, the odds that the price will move down, at least to the middle of the range, are high. The trigger to sell may be on the decline below 1.4640 (Oct. 31 low). The target for selling lies at 1.4590 (50-day MA).
On the upside, a break above 1.4720 (Oct. 31 high) is needed to open the way up to 1.4860 (200-day MA).
Similar
Another EUR/USD Trade!
4H Chart Daily Chart We sent out a signal yesterday to long EUR/USD between 1…
New EUR/USD Trade
4H Chart Daily Chart EURUSD declined back yesterday after trying to test its 1…
Popular
What to trade on May 16-20?
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
Swiss Franc is About To Reverse
Historically, the stability of the franc is caused by the solid Swiss economy and a highly developed banking system…
China Shatters World Economy
A four-day lockdown turned out to be two months of complete isolation. Factories are frozen, supply chains are under heavy pressure, and the future is gloomy. Find out how to trade in times of crisis in this article!
Choose your payment system
