Euro Canadian Dollar (EUR/CAD) - 26/02/2008 - Archive

EUR/CAD - Euro Canadian Dollar

EUR/CAD - Euro Canadian Dollar

Short term (Intraday)

1,4698. EUR CAD is in an downtrend directed by 15min exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (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 price should find a support above 1,4600.

Resistances
1,4720 - 1,4800
Supports
1,4650 - 1,4600
updated 26 févr 2008 21:59 GMT +02:00

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