FORECAST BY MARIUS GHISEA (June 1-5)

According to the daily chart, the EUR/CAD pair is still in uptrend above EMA50, in order to achieve 1.40 level for medium-long term. The MACD is also a confirmation for uptrend. 

EURCADdaily-page-001 

This pair is still in uptrend also according to 4-hour time frame. EMA200 and RSI above 50 indicate an uptrend for this pair until at least 1.3750 level where a new pattern can be formed.

EURCAD 4hour-page-001

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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