From all indication on my technical analysis of both Fibonacci and Trend-line diagram, it is clear that EURCAD will climb throughout the month of August till the beginning of October this year. And from the point of view of my Fibonacci studies of the lowest point on weekly chart on 12/04/2015 at 1.30233 and highest point on 17/01/2016 at 1.61046, it shows that line 50.0% has successfully repelled the price to the upside on the weekly chart, and the current bullish candlesticks formation is an indication that supports this view.
However, the trend-line support which i marked with red line also repels the price to the upside; taking into consideration of sharp low of 09/04/2017 at 1.42128 and low of 16/07/2017 at 1.44781. All these will help EURCAD to maintain its bullish structure targeting the peak of May this year at 1.52575, and if broken further, it will head further to 1.53751 (23.6% of he said Fibonacci).

EURCAD WEEKLY CHART




EURCAD DAILY CHART

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