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EURCAD D1 02 24 2020 1108

The EUR/CAD currency pair is into a downtrend. The price stays below EMA 20, EMA 50, and EMA 100, and the MACD is still into negative territory, on the daily chart. The price enters into a small rebound, but the bottom is still unconfirmed on the daily chart. According to the weekly chart, the RSI oscillator and the stochastic indicator shows a downtrend. The price is into a trendline, between 1.5045 and 1.4215. The price may break the trendline in the medium term, to go at 1.3865, to form a triangle on the weekly chart.


The most important data from this week:
February 25
Germany GDP Q4 (0.3% expectation); ( 0.3% previous)
February 26
ECB President Lagarde Speaks in Wiesbaden,Germany
February 27
Eurozone Economic Confidence (102.6 expectation); ( 102.8 previous)
February 28
France GDP YoY (0.8% expectation); (0.8% previous)
Germany Unemployment Change (5k expectation); (-2k previous)
Rate (5.0% expectation); (5.0% previous)
Germany CPI YoY (1.7% expectation); ( 1.7% previous)
Canada GDP YoY (1.6% expectation); (1.5% previous)
4Q (0.3% expectation); (1.3% previous)

EURCAD W1 02 24 2020 1110

 

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