1. EURAUD
2. EURCAD
3. EURNZD
EURAUD The long term trend, as indicated by the nearly 9 year trendline, is down. The long term triangle offers the best perspective. Price should come down to test 1.6304 in the E wave of the triangle (triangles have 5 waves A thru E). Bolstering the shorter term bear argument is that price has slipped below a support line drawn off of the 1/18 and 2/27 lows. The next support level is the 2/22 low at 1.6575. 1.6930 (3/14 high) should remain solid resistance.
Key Levels & Technical Indicators
EURCAD The EURCAD has broken the upside and tested the 61.8% of 1.6974-1.3497 at 1.5641 today. However, there is still the possibility that the pair is at a major top. A 9 year trendline is at about 1.5800 and decreases roughly 10 pips per day. Bolstering the topping scenario is bearish divergence with RSI on the weekly chart?.this is a rare and powerful signal. Again, these signals are on the weekly chart and the trendline is not for another 200 pips, but this is something to watch.
Key Levels & Technical Indicators
EURCAD The EURCAD has broken the upside and tested the 61.8% of 1.6974-1.3497 at 1.5641 today. However, there is still the possibility that the pair is at a major top. A 9 year trendline is at about 1.5800 and decreases roughly 10 pips per day. Bolstering the topping scenario is bearish divergence with RSI on the weekly chart?.this is a rare and powerful signal. Again, these signals are on the weekly chart and the trendline is not for another 200 pips, but this is something to watch.
Key Levels & Technical Indicators
Table
CCI(20) 21 day Commodity Channel Index
> 0 bullish
0 > bearish
> 100 extremely bullish
-100 > - extremely bearish
RSI(14) 14 day Relative Strength Index
> 50 bullish
50 > bearish
> 70 overbought
30 > - oversold
MACD ? - MACD slope (MACD MACD[1])
> 0 bullish
0 > - bearish
Mom(21) 21 day Momentum
> 0 bullish
0 > - bearish
ATR(14) 14 day Average True Range (volatility)
Medium 75th percentile* > ATR(14) > 25th percentile*
High - > 75th percentile*
Low 25th percentile* >
*measured against past 3 months
