Euro Canadian Dollar (EUR/CAD) - 08/02/2008 - Archive

EUR/CAD - Euro Canadian Dollar

EUR/CAD - Euro Canadian Dollar

Short term (Intraday)

1,4618. EUR CAD is in an downtrend directed by 1H exponential moving averages. EUR CAD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR CAD. The downtrend should continue to gather momentum. The target is expected at 1,4500 (115 pips). The price should find a support above 1,4550.

Resistances
1,4650 - 1,4665
Supports
1,4580 - 1,4550
updated 08 févr 2008 05:40 GMT +02:00

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