EUR/CAD Analisi Tecnica | EUR/CAD Trading: 2020-10-12 | IFCM Italy
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EUR/CAD Analisi Tecnica - EUR/CAD Trading: 2020-10-12

Euro Dollaro Canadese Technical Analysis Summary

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Forte Di VendereSellNeutroBuyForte Acquistare

Sotto 1,55

Sell Stop

Sopra 1,575

Stop Loss

Mary Wild
Senior Analytical Expert
Articoli 2058
IndicatorSignal
RSI Neutro
MACD Sell
MA(200) Neutro
Fractals Neutro
Parabolic SAR Sell
Bollinger Bands Neutro

Euro Dollaro Canadese Chart Analysis

Euro Dollaro Canadese Chart Analysis

Euro Dollaro Canadese Analisi Tecnica

On the daily timeframe, EURCAD: D1 is correcting down from the maximum since February 2013. It broke down the uptrend support line. A number of technical analysis indicators generated signals for further decline. We do not exclude a bearish movement if EURCAD falls below the lower Bollinger band: 1.55. This level can be used as an entry point. We can place a stop loss above the last 2 upper fractals, the upper Bollinger band and the Parabolic signal: 1.575. After opening a pending order, we move the stop loss to the next fractal maximum following the Bollinger and Parabolic signals. Thus, we change the potential profit/loss ratio in our favor. After the transaction, the most risk-averse traders can switch to the four-hour chart and set a stop loss, moving it in the direction of the bias. If the price meets the stop loss (1.575) without activating the order (1.55), it is recommended to delete the order: some internal changes in the market have not been taken into account.

Analisi Fondamentale Forex - Euro Dollaro Canadese

Canada released positive data on the labor market. Will the EURCAD quotations continue to reduce?

Downward movement identifies the strengthening of the Canadian dollar against the euro. September unemployment rate in Canada fell to 9%, which is the lowest in half a year. This is better than expected (9.7%). The number of new job openings in Canada increased for the 5th month in a row. Relatively high world oil prices became an additional positive factor for the Canadian dollar. Even in spite of Friday's correction, oil gained about 10% over the week. In turn, the euro was affected by some negative news. The materials of the September ECB meeting contained information about its readiness for further monetary policy easing. Germany's foreign trade surplus in August amounted to 15.7 billion euros, which is worse than the forecast (18.2 billion euros). Industrial production in Germany in August fell by 0.2% compared to July, while an increase of 1.5% was expected.

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Note:
Questa panormaica è di carattere informativo-educativo e viene pubblicata gratuitamente. Tutti i dati compresi nella panoramica sono ottenuti da fonti pubbliche conosciute più o meno affidabili. Inoltre non c'è alcuna garanzia che le informazioni fornite siano precise e complete. Le panoramiche non vengono aggiornate. Tutta l'informazione in ciascuna panoramica, compresi indicatori, opinioni, grafici e o quant'altro, è fornita a scopo conoscitivo e non è un consiglio finanziario. Tutto il testo e qualsiasi delle sue parti, e anche i grafici non possono essere considerati un'offerta per effettuare un'operazione con un qualsiasi asset. IFC Markets e i suoi impiegati in alcun caso non sono responsabili per qualsiasi azione intrapresa sulla base delle informazioni contenute.

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