EUR/CAD: more downside ahead

EUR/CAD: more downside ahead

Information is not investment advice

EUR/CAD made a big breakout to the downside. On W1, you will see that it broke the support line from 2015. This line has become resistance around 1.4750. On D1, you may see that the attempt to return above this area failed. The pair continued to fall on Friday and closed near the day’s minimum. The target on the downside lies at 1.4588 (50% Fibo of the 2015-2018 advance). 

EURCAD w.png

Similar

EUR/NZD has stumbled

On the W1, EUR/NZD formed a candlestick with a long upper wick - a sign that sellers are strong in the 1.76 area.

GBP/JPY: trading on Brexit

What is the best way to bet on the positive outcome of the Brexit deal? Technically, the GBP has bullish potential versus the JPY.

Popular

EUR/NZD has stumbled

On the W1, EUR/NZD formed a candlestick with a long upper wick - a sign that sellers are strong in the 1.76 area.

GBP/JPY: trading on Brexit

What is the best way to bet on the positive outcome of the Brexit deal? Technically, the GBP has bullish potential versus the JPY.

Choose your payment system