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EURCAD bottomed and ready for 1.5500

khalidamassi Posted 26 Aug. as Analysis on EUR/CAD, Target: 1.5464, Date: 1st of October, 12:00 GMT  in #Technical analysis #Daily Chart #EUR/CAD #Support And Resistance #Monthly Chart #Weekly Chart #Pair Review #Expected Scenario #Bullish Scenario #Bearish Scenario
General outlook for the pair:
  • The pair moved in the last weeks between 1.5250 and 1.4800.
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khalidamassi 16 Sep.

CAD performed well last week, Housing Starts 201K VS 213K expected, NHPI m/m +0.1% as expected, next week focus will be on Foreign Securities Purchases, Manufacturing Sales m/m, CPI m/m and Core Retail Sales m/m.

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khalidamassi 16 Sep.

1.5080-1.5100 proved again to hold and this good chance for bulls to fight again.

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khalidamassi 23 Sep.

EUR performed well last week, Final CPI y/y came at 2.0% as expected, EU Flash Manufacturing PMI 53.3 VS 54.4 expected, EU Flash Services PMI 54.7 VS 54.5 expected, next week focus will be on German Ifo Business Climate, German Prelim CPI m/m, M3 Money Supply y/y and CPI Flash Estimate y/y.

in other hand,

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khalidamassi 23 Sep.

CAD performed so well last week, Foreign Securities Purchases 12.65B VS 4.35B expected, Manufacturing Sales m/m +0.9% VS +1.0% expected, CPI m/m -0.1% as expected, Core Retail Sales m/m +0.9% VS +0.6% expected, next week focus will be on BOC Gov Poloz Speaks and GDP m/m.

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khalidamassi 23 Sep.

Again and again pair bottomed just below 1.5100, strong gains ahead...

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EURCAD still reluctant to make direction

khalidamassi Posted 29 July as Analysis on EUR/CAD, Target: 1.5464, Date: 3rd of September, 12:00 GMT  in #Technical analysis #Daily Chart #EUR/CAD #Support And Resistance #Monthly Chart #Weekly Chart #Pair Review #Expected Scenario #Bullish Scenario #Bearish Scenario
General outlook for the pair:
  • The pair moved in the last weeks between 1.5100 and 1.5500.
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khalidamassi 19 Aug.

Break below 1.4900 then closing above it, seemed good buy signal for the long term view.

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khalidamassi 26 Aug.

EUR benefited last week from strong EU Manufacturing and Services data, Confidence data the best in months, next week, calendar with light data, so still expect more strength for EUR pairs.

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khalidamassi 26 Aug.

Pair still expected to jump towards 1.5500 after false breakout below 1.5000, but may need some time beyond this month.

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khalidamassi 2 Sep.

EUR peformed mixed VS majors last week, German Ifo Business Climate 103.8 Vs 101.9 expected, German Prelim CPI m/m +0.1% as expected, German Retail Sales m/m -0.4% VS -0.1% expected and CPI Flash Estimate y/y 2.0% VS 2.1% expected, next week focus will be on German Buba President Weidmann Speaks and several Manufacturing and Services PMIS, in other hand,
CAD did not perform well last week, Current Account came at -15.9B VS -15.3B, GDP m/m 0.0% VS +0.1% expected, next week focus will be on Trade Balance, Overnight Rate, Employment Change and Unemployment Rate.

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khalidamassi 2 Sep.

Still hold above critical 1.5000 and still bullish but need some time to re again bullish momentum again.

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EURCAD still bullish aiming 1.6000

khalidamassi Posted 26 June as Analysis on EUR/CAD, Target: 1.5862, Date: 1st of August, 12:00 GMT  in #Technical analysis #Daily Chart #EUR/CAD #Support And Resistance #Monthly Chart #Weekly Chart #Pair Review #Expected Scenario #Bullish Scenario #Bearish Scenario
General outlook for the pair:
  • The pair moved in the last weeks between 1.5100 and 1.5600.
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khalidamassi 8 July

Failed again below 1.5450, strong resistance hold and bulls positions in danger.

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khalidamassi 14 July

EUR performed well last week, Sentix Investor Confidence 12.1 VS 9.0 expected, German ZEW Economic Sentiment -24.7 VS -17.9 expected, next week focus will be on Trade Balance and Final CPI y/y, in other hand, CAD performed well last week, BOC raised Overnight Rate to 1.5% as expected, next week focus will be on Manufacturing Sales m/m, CPI m/m and Core Retail Sales m/m.

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khalidamassi 14 July

Pair formed a abase around 1.5300 but still lack of bullish momentum, let's see what will happen next week.

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khalidamassi 22 July

EUR performed well but in narrow pace last week, Trade Balance +16.9B VS 17.6B, Final CPI y/y +2.0% as expected, German PPI m/m +0.3% as expected, next week focus will be on Flash Manufacturing PMI, Flash Services PMI, German Ifo Business Climate, M3 Money Supply y/y and ECB Rate and Conference, in other hand, CAD performed well last week, Manufacturing Sales m/m 1.4% VS -1.1% last, CPI m/m +0.1% as expected, Core Retail Sales m/m +1.4% VS +0.6% expected, next week focus will be on Wholesale Sales m/m.

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khalidamassi 22 July

Still around bottom unable to make up direction but at least current consolidation may imply that bullish try to come.

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EURCAD bearish aiming 1.4800

khalidamassi Posted 27 May as Analysis on EUR/CAD, Target: 1.4816, Date: 2nd of July, 12:00 GMT  in #Technical analysis #Daily Chart #EUR/CAD #Support And Resistance #Monthly Chart #Weekly Chart #Pair Review #Expected Scenario
General outlook for the pair:
  • The pair moved in the last weeks between 1.5450 and 1.5000.
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khalidamassi 18 June

Pair found demand around 1.5150 but still capped around 1.5300, still bullish.

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khalidamassi 24 June

EUR performed well last week, EU Flash Manufacturing PMI 55.0 as expected, EU Flash Services PMI 55.0 VS 53.7 expected, next week focus will be on German Ifo Business Climate, M3 Money Supply y/y and EU CPI Flash Estimate y/y, in other hand, CAD performed worst last week, CPI m/m +0.1% VS +0.4% expected, Core Retail Sales m/m -0.1% VS +0.5% expected, next week focus will be on BOC Gov Poloz Speaks, GDP m/m and BOC Business Outlook Survey.

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khalidamassi 24 June

Pair jumped to 1.5600 before closing week at 1.5480, be careful next week around level of 1.5600 and 1.5400.

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khalidamassi 1 July

EUR performed well last week, German Ifo Business Climate 101.8 VS 101.9 expected, M3 Money Supply y/y 4.0% VS 3.8% expected, German Prelim CPI m/m +0.1% VS +0.2% expected, EU Economic Summit reached to immigration deal, next week focus will be on EU Manufacturing PMIS and Final Services PMI, in other hand, CAD performed so well last week, GDP m/m +0.1% VS 0.0% expected, next week focus will be on Employment Change and Trade Balance.

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khalidamassi 1 July

Pair failed again above 1.5400 with strong worrying sign for bulls, next week critical for bulls.

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EURCAD bullish above 1.6000

khalidamassi Posted 25 Apr. as Analysis on EUR/CAD, Target: 1.6254, Date: 1st of June, 12:00 GMT  in #Technical analysis #Daily Chart #EUR/CAD #Support And Resistance #Monthly Chart #Weekly Chart #Pair Review #Expected Scenario
General outlook for the pair:
  • The pair moved in the last weeks between 1.5880 and 1.5450.
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khalidamassi 6 May

As expected 1.5350 is not easy to be broken and holds till now for 3 days, be careful, bulls may return again.

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khalidamassi 13 May

EUR did not perform well last week but erased most of week losses, Sentix Investor Confidence came at 19.2 VS 21.2 expected, German Industrial Production m/m came at 1.0% VS 0.8%, next week will be on German Prelim GDP q/q, Flash GDP q/q and German ZEW Economic Sentiment, in other hand, CAD performed well in last week, Building Permits m/m came at 3.1% VS 2.0%, Employment Change came at -1.1K VS 17.8K expected, Unemployment Rate at 5.8% as expected, focus in next week will be on CPI data.

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khalidamassi 13 May

in free fall mode after break below 1.5350, still bearish.

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khalidamassi 20 May

EUR performed worst last week as German Prelim GDP q/q at 0.3% VS 0.4%, German ZEW Economic Sentiment came at -8.2 VS -8.0 expected, next week all focus will be on Manufacturing ans services PMIS in EU and also release of ECB Monetary Policy Meeting Accounts, in other hand, CAD did not perform well last week as Manufacturing Sales m/m came at 1.4% VS 1.1%, CPI came at 0.3% as expected, but Core retail sales came at -0.2% VS +0.5% expected, no week with no significant data except for OPEC-JMMC Meetings.

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khalidamassi 20 May

in free fall mode but found some buyers around 1.5050.

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EURCAD bullish above 1.6000

khalidamassi Posted 29 Mar. as Analysis on EUR/CAD, Target: 1.6253, Date: 1st of May, 12:00 GMT  in #Technical analysis #Daily Chart #EUR/CAD #Support And Resistance #Monthly Chart #Weekly Chart #Pair Review #Expected Scenario
General outlook for the pair:
  • The pair moved in the last weeks between 1.5500 and 1.6150.
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khalidamassi 15 Apr.

there sign of reversals around 1.5500 but pair should close above 1.5750 to make bullish momentum.

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khalidamassi 22 Apr.

EUR performed well last week, most EU data was softer last week, German ZEW came at -8.2 VS -0.8 expected, Final CPI at 1.3% VS 1.4% expected, next week focus will be on ECB meeting and press conference but be careful from PMIS data at week beginning, in other hand, CAD performed worst last week, BOC decision and statement was not encouraging as BOC still suspected that inflation still temporary and still worry about US measures against Canada, CPI data also was not helpful and ensured BOC thought about inflation, lack of significant data next week but BOC Gov Boloz will speak on Monday.

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khalidamassi 22 Apr.

Pair seemed bottomed around 1.5450-1.5500, holds near weekly top, 1.5750 next target.

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khalidamassi 29 Apr.

EUR performed worst last week, PMIS data ere mixed but positive in general, German IFO was 102.1 VS 102.7 expected, but really EUR disappointed from ECB conference which gave no hint about next ECB step or details about next ECB plan, next week focus will be on German CPI and EU GDP, in other hand, CAD performed worst last week Vs majors, no significant data was last week but Wholesale Sales was -0.8% worse than expected at +0.3%, Next week will be important for CAD as we wait GDP m/m and then Trade Balance data.

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khalidamassi 29 Apr.

Pair returned again to 1.5550 near to 1.5500 support and last daily bottom, 1.5500 key for bulls.

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EURCAD still bullish aiming 1.6000

khalidamassi Posted 24 Feb. as Analysis on EUR/CAD, Target: 1.5910, Date: 2nd of April, 12:00 GMT  in #Technical analysis #Daily Chart #EUR/CAD #Support And Resistance #Monthly Chart #Weekly Chart #Pair Review #Expected Scenario
General outlook for the pair:
  • The pair moved in the last weeks between 1.5200 and 1.5700.
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khalidamassi 11 Mar.

Topped around 1.6100 before free falling to 1.5700, 1.5625-1.5700 still seen as good base for near time.

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khalidamassi 18 Mar.

EUR performed mixed VS majors,  ECB Draghi did not give any new hint, CPI data still not encouraging as Final CPI Y/Y 1.1% VS 1.2% expected, next week EU PMI data and Germany ZEW indicator will be  the most effected EU news, in other hand, CAD performed worst VS majors, with no significant data last week but manufacturing sales fell -1.0% VS -0.8% expected, CAD still under pressure due to expected trade wars from US, next week CPI and retails sales data will be the most important.

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khalidamassi 18 Mar.

Pair still consolidated around 1.6100, seen making double top but still bullish with no sign of reversal.

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khalidamassi 26 Mar.

Pair found buyers again around 1.5800, now holds at 1.6000, selling expected around 1.6100.

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khalidamassi 1 Apr.

Pair closed day and week very near to expected target, hope consolidation will happen in the last hours of contest.

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EURCAD bullish aiming 1.5550 and above

khalidamassi Posted 29 Jan. as Analysis on EUR/CAD, Target: 1.5558, Date: 1st of March, 12:00 GMT  in #Technical analysis #Daily Chart #EUR/CAD #Support And Resistance #Eurcad #Weekly Chart #Pair Review #Expected Scenario
General outlook for the pair:
  • The pair moved in the last weeks between 1.4800 and 1.5400.
  • The pair is expected to move in the next month between 1.5100 and 1.5800 as it faces clusters of daily/weekly tops and bottoms.

Pair recent direction : Range

Expected rate of the pair 1st of March, 12:00 GMT: 1.5558
Expected market sentiment: Bullish

Chart of major support (S) and resistance (R):

Weekly chart
Chart of expected scenario:

Daily chart
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khalidamassi 11 Feb.

when u saw chart of expected scenario, you will see the magical of 1.5500 area and how it works till now, still bullish.

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khalidamassi 18 Feb.

EUR performed well last week as EU data still help, German GDP still surge at +0.6%, EU flash GDP still at highest level at +0.6%, Trade balance still at highest levels and higher Eu still not affecting trade balance numbers, in other hand, CAD did not perform well as still affected by last week employment data and lower oil prices and NATFA issue still to be driver for CAD movement.

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khalidamassi 18 Feb.

As expected in scenario chart, pair closed above 1.5550 and ready to 1.5800 before falling again to 1.5500.

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khalidamassi 25 Feb.

EUR tried to holds last week gains but EU flash manufacturing and services failed to keep Eur strong as most data came below expectation, also no surprise from final EU CPI data which came at 1.3% as expected filed to fuel EUR. Next week, just take care of last month Germany and EU CPI which will mostly affect EUR, in other hand, CAD hit last week by most majors as Core retail sales were so bad as it came at -1.8% VS 0.1% expected, but after Strong CPI date at 0.7% VS 0.4% expected, pair recovered most of the week losses.

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khalidamassi 25 Feb.

As expected in expected scenario chart, 1.5500 was strong base for the pair and pair still expected to move up in the next days as 1.5500 hold.

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EURCAD still bullish aiming 1.5500 and above

khalidamassi Posted 26 Dec. as Analysis on EUR/CAD, Target: 1.5558, Date: 1st of February, 12:00 GMT  in #Technical analysis #Daily Chart #EUR/CAD #Support And Resistance #Weekly Chart #Pair Review #Expected Scenario
General outlook for the pair:
  • The pair moved in the last weeks between 1.4600 and 1.5400.
  • The pair is expected to move in the next month between 1.4950 and 1.5800 as it faces clusters of daily/weekly tops and bottoms.

Pair recent direction : Up

Expected rate of the pair 1st of February, 12:00 GMT: 1.5558
Expected market sentiment: Bullish
Chart of major support (S) and resistance (R):

Weekly chart
Chart of expected scenario:

Daily chart
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khalidamassi 14 Jan.

Euro performed very well last week as more good data came from EU economy, more strong EU data and finally Grand coalitions in Germany, Germany looked to work with Macron France to strengthen euro zone economy and reforms, all of this send euro to highest level in 3years, In other hand, CAD dollar still helped strongly with strong gains of oil, CAD but expected US exit from NATFA agreement put strong pressure on CAD and this still expected to weight in the near future,

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khalidamassi 14 Jan.

Pair still play in the last daily range of last 3 weeks but unable to break above 1.5200 and so still good chance for bears.

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khalidamassi 21 Jan.

Euro performed mixed as more good data came from EU economy, more strong EU data but no clear Grand coalitions in Germany as there is opposition in SPD party which is expected to make final decision on Sunday 21/01, Germany Merkel fate at the decision of SPD, Euro will be affected, In other hand, CAD dollar got a boost from BOC rate hike and still helped with oil gains but worries about NATFA agreement put strong pressure on CAD and this still expected to weight in the near future.

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khalidamassi 21 Jan.

Pair closed week near multi week high at 1.5280, pair still expected to advance if 1.5300 broken up.

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khalidamassi 28 Jan.

Pair still in and around 1.5300, still need to be clearly broken up to achieve 1.5500.

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EURCAD still bullish aiming 1.5500 and above

khalidamassi Posted 30 Nov. as Analysis on EUR/CAD, Target: 1.5558, Date: 2nd of January, 12:00 GMT  in #Technical analysis #Daily Chart #EUR/CAD #Support And Resistance #Weekly Chart #Pair Review #Expected Scenario
General outlook for the pair:
  • The pair moved in the last weeks between 1.4400 and 1.5300.
  • The pair is expected to move in the next month between 1.4900 and 1.5900 as it faces clusters of daily/weekly tops and bottoms.

Pair recent direction : Up

Expected rate of the pair 2nd of January, 12:00 GMT: 1.5558
Expected market sentiment: Bullish

Chart of major support (S) and resistance (R):

Weekly chart
Chart of expected scenario:

Daily chart
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khalidamassi 10 Dec.

EUR was mixed against pairs but lower against USD and GBP due to strong data from these countries, Brexit data nowadays help GBP more EUR.In other hand, CAD lost ground again after caution of BOC about future expectation and rates, after 2 rate hikes, BOC want to see more evidence that economy still heating.

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khalidamassi 17 Dec.

Euro hold steady last week after some improvement of ECB projections, EU data still so solid, In other hand,CAD still vulnerable due to lower oil prices and lower GDP in last quarter but BOC still optimistic but this not persuade CAD investors so much.

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khalidamassi 17 Dec.

Still play below crtical level around 1.5150, should close above 1.5200 to confirm new bullish target.

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khalidamassi 24 Dec.

Euro performed well last week as more good data came from EU economy, Catalonia Vote did not affect euro so much, ECB speakers spoke loudly last week at QE end after the last 9 month extension, In other hand,CAD dollar was helped at week beginning with strong CPI and retails sales numbers but then lagged by lower GDP data and with dovish speech by BOC Governor.

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khalidamassi 24 Dec.

Failed again at 1.5300 and returned to 1.5080, only clear close above 1.5300 open the door for bulls again to fight 1.5500.

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