EUR/CAD - Euro Canadian Dollar, European Session - 01/07/08

By IBTimes Staff Reporter | June 30 2008 10:08 PM

1,6052. 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, 4H, daily (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 1,6100. If the resistance is broken then the target will be 1,6250 (200 pips). We are waiting for a break of resistance to take a long position.

Sponsorship Link

Resistances: 1,6100 - 1,6150
Supports: 1,6025 - 1,5980

Eurozone Reports Increased Trade Surplus

Eurozone Reports Increased Trade Surplus

Eurozone GDP Puts Euro Under Pressure

Eurozone GDP Puts Euro Under Pressure

ZEW Results Weigh on Euro

ZEW Results Weigh on Euro

EU Confidence Could Be the Financial Crisis' Worst Casualty

EU Confidence Could Be the Financial Crisis' Worst Casualty

In Depth

Warped Magazine Editing Fee: Pay-To-Play ‘Scam’ Targeting Unwitting Punk Bands, According To Facebook And Reddit Users

Punk Bands, Would You Pay $45 To Be In A Magazine You’ve Never Heard Of?

Arne Svenson ‘Neighbors’ Exhibit: Is It Legal To Take Secret Photos Of People In Their Apartments?

Arne Svenson’s Voyeuristic Apartment Photos: Are They Actually Legal?

Financial Times Tech Blog, Twitter Accounts Hacked By Pro-Assad Syrian Electronic Army

Financial Times Hacked By Pro-Assad Forces

Chinese Official Says Tibetans No Longer Interested In Dalai Lama's Politics

Chinese Official: Tibetans Don't Agree With Dalai Lama

web counter