CHART SCALE: Weekly


INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope


RESISTANCE LEVELS: 1.5298


SUPPORT LEVELS : 1.36897


PAIR ANALYSIS :


The EUR/CAD pair is in a slightly bullish behavior after the retracement the support zone as indicated in fig 2.
The Linear Regression Slope at 0.008, the MFI and the configuration of the Parabolic Sar seem to support the trendless tendency.
The chart analysis also seems to suggest the possibility of a secondary bullish and bearish retracements at the support line and at the resistance zone. This area can be considered as a possible trendless objective 1.51677 .
The recovery of the EUR economy in consideration of the Germany Production can suggest the slightly bullish objective. In this context can be a key level price the secondary support zone around the 1.46862 level.A bearish crossing at 1.36897 can validate a significant bearish domination. A bullish crossing at 1.5298 can facilitate the buy leading.
It can be evaluated a forecast level price at 1.50129.


Good trading to the Dukascopy Community.


FIGURE 1 shows the trendlines



FIGURE 2 indicates the tendency

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