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EURCAD - 1 May 2018 Technical Analysis Forecast

TarMarHan Publicado 15 Mar como análisis en EUR/CAD, Objetivo: 1.60968, Fecha: 1 de Mayo, 12:00 GMT en #Technical analysis #EUR/CAD #Channel #Fibonacci Levels #Eurcad #Atr

In the second have of 2017 the pair seemed to be trading in a range with the lower bound at 1.4468 and the upper bound at 1.5239.
A break above the upper limit in January 2018 led to a bullish rally in the pair as highlighted by the channel.

The 2018 high is at 1.61215 and the 2018 low is at 1.48153
It is highly unlikely that we are going to see a reversal of the bullish trend in the coming month

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TarMarHan Publicado 15 Mar como análisis en EUR/AUD, Objetivo: 1.581737, Fecha: 1 de Mayo, 12:00 GMT en #Technical analysis #EUR/AUD #Euraud #Bollinger Bands #Fibonacci Levels #Atr

Chart 1

Chart 1 above shows the bollinger bands on the daily chart set at 1.5869 for the upper band, 1.5717 and 1.5576 for the middle and lower band respectively
The huge gap between the lower and upper band shows that the pair has been trading in a wide range.
The average true range is at 0.0109 implying very low volatility

Chart 2
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