Technical analysis and profit possibilities on EUR/CAD
Hello traders,
Today I want to share with you one of my trading plans for this week. It is based on an old trading plan for the same currency pair. After my old plan on the EUR/CAD unfolded perfectly and reached my Main Target Zone, it now stands just above a Weekly Support Area.
You can check the full technical analysis on Youtube.
Check it out so you don’t miss on a great opportunity to bag in some profits.
Below I will present the different Resistance Levels in numbers and a Fundamental Analysis for this week.
First Daily Resistance Area (Target 1): 1.5510 to 15590
Next Daily Resistance Area (Long-term Target): 1.5840 to 1.5890
Fundamental Analysis 11.06.2018 - 15.06.2018
Anything with High Importance we have for this week is on Thursday for the EUR:
June 14th
11:45 GMT (13:45 Bulgarian Time) - 3 events
EUR European Central Bank Rate Decision
EUR ECB Marginal Lending Facility
EUR ECB Deposit Facility Rate
All 3 readings are expected to remain unchanged, but most likely there will be volatility throughout the markets during the reports. There are always speculations so keep it in mind. Also the even small chance for a change in any of the readings is possible, which might bring strong movements either up or down. I would recommend to close your positions before the reports are published or at least to close a good part of it and leave the rest floating.
12:30 GMT (14:30 Bulgarian Time)
EUR ECB President Draghi Speaks in Riga
Closely monitor this speech as Draghi might give away hints on where the European economy is headed for the next few months or even an year. Usually his speeches are accompanied by strong volatile movements on the market, so beware of that as well.
I wish you all a pleasant and profitable week! :)
Today I want to share with you one of my trading plans for this week. It is based on an old trading plan for the same currency pair. After my old plan on the EUR/CAD unfolded perfectly and reached my Main Target Zone, it now stands just above a Weekly Support Area.
You can check the full technical analysis on Youtube.
Check it out so you don’t miss on a great opportunity to bag in some profits.
Below I will present the different Resistance Levels in numbers and a Fundamental Analysis for this week.
First Daily Resistance Area (Target 1): 1.5510 to 15590
Next Daily Resistance Area (Long-term Target): 1.5840 to 1.5890
Fundamental Analysis 11.06.2018 - 15.06.2018
Anything with High Importance we have for this week is on Thursday for the EUR:
June 14th
11:45 GMT (13:45 Bulgarian Time) - 3 events
EUR European Central Bank Rate Decision
EUR ECB Marginal Lending Facility
EUR ECB Deposit Facility Rate
All 3 readings are expected to remain unchanged, but most likely there will be volatility throughout the markets during the reports. There are always speculations so keep it in mind. Also the even small chance for a change in any of the readings is possible, which might bring strong movements either up or down. I would recommend to close your positions before the reports are published or at least to close a good part of it and leave the rest floating.
12:30 GMT (14:30 Bulgarian Time)
EUR ECB President Draghi Speaks in Riga
Closely monitor this speech as Draghi might give away hints on where the European economy is headed for the next few months or even an year. Usually his speeches are accompanied by strong volatile movements on the market, so beware of that as well.
I wish you all a pleasant and profitable week! :)
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