• Featured
Economic Calendar »
FX Directory »
Submit an article »
0 votes vote | Click to vote

EUR/CAD - Euro Canadian Dollar, European Session - 20/11/08

19 Nov, 2008 @ 10:10 pm ET | written by Mataf


1,5687. EUR CAD is in an uptrend supported by 1H exponential moving averages. EUR CAD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,5600 (87 pips). The uptrend should continue to gather momentum. We won't take a position. The risk/reward ratio is too high to take a position..
Resistances
1,5670 - 1,5900
Supports
1,5650 - 1,5530

For more forex information, go to www.mataf.net

Sponsored Articles:

  • Size: t1 t2 t3
  • Print: print
  • Email: email
 
IBTimes.com Web
Partners
International Business Times© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives