Eur/cad Daily Outlook

Short term trend: Bearish

Ichimoku analysis (1 Hour chart):

Tenkan-Sen level: 1.1158

Kijun-Sen level: 1.1144

Ichimoku cloud top: 1.1112

Ichimoku cloud bottom: 1.1094

• In hourly chart EUR/CAD has formed a triple top around 1.4185 and is expected to show weakness for the short term.


• Short term resistance is around 1.4185. Break of 1.4185 will target 1.4250 (Sep 24^th high).


• Minor support is around 1. of will take the pair to 1.4013 (Sep 19^th low) and 1.38851 (Nov 2013 low).
  Recommendation: Sell EUR/CAD around 1.4170-75,SL 1.4200, Targets 14013/1.3885. 

Published: 2014-09-29 15:25:00 UTC+00

Eur/cad Daily Outlook