Euro Canadian Dollar (EUR/CAD) - 04/03/2008 - Archive

EUR/CAD - Euro Canadian Dollar

EUR/CAD - Euro Canadian Dollar

Short term (Intraday)

1,5050. EUR CAD is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. The price should find a resistance below 1,5100. If the resistance is broken then the target will be 1,5400.

Resistances
1,5100 - 1,5170
Supports
1,5020 - 1,4935
updated 04 mars 2008 05:38 GMT +02:00

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