EUR/CAD today reached the target level 1.3520 from the yesterday’s trade opportunity alert, which is shown below. The pair started the day on a bullish note – quickly approaching and spiking up through this target level in the afternoon (in line with the estimated time that as given for the completion of this forecast – 15 hours) – before correcting down below 1.3520, where it is trading now.
EUR/CAD" title="EUR/CAD" width="600" height="337">
As can be seen from the following trade opportunity alert for EUR/NZD that I received today, the pair is expected to rise to the target level 1.6256 in the following 2 trading days (which is the last downward reversal point of the 4-hour Falling Wedge chart pattern identified by Autochartist). Autochartist sets the stop level for this bullish forecast at 1.595. The pair had previously corrected up from the former long-term resistance trendline from March of 2011, which is acting as support now after it was broken at the end of 2012 (as is shown on the third chart below).
EUR/NZD" title="EUR/NZD" width="600" height="338">
EUR/NZD - Weekly" title="EUR/NZD - Weekly" width="600" height="659">
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Daily Forex Update: EUR/CAD, EUR/NZD
Published 02/13/2013, 04:24 AM
Updated 03/09/2019, 08:30 AM
Daily Forex Update: EUR/CAD, EUR/NZD
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