empty
20.05.2025 05:08 AM
EUR/CAD Forecast for May 20, 2025

With a strong upward move yesterday, the EUR/CAD pair broke above both indicator lines (balance and MACD ) and the 200% Fibonacci reaction level. Today's session also opened above these resistance levels, a positive signal for upward movement. Additionally, the Marlin oscillator's signal line pushes through the growth zone's boundary and aligns with the price trend.

This image is no longer relevant

The first growth target is 1.5854, corresponding to the 238.2% Fibonacci level, which coincides with the highs of April 16 and March 11. Further growth is possible toward 1.5963 – the 261.8% Fibonacci level, coinciding with the April 21 high. The strategic target is the intersection of the upper boundary of the price channel with the level of 1.6150, which matches the March 2018 high.

This image is no longer relevant

On the H4 chart, the price has consolidated above the 200% Fibonacci level and is rising with the Marlin oscillator. The MACD line has turned upward, indicating a confirmed shift in the medium-term trend direction.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Forex forecast 20/06/2025: EUR/USD, USD/JPY, GBP/USD, Gold and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:25 2025-06-20 UTC+2

EUR/USD Forecast for June 20, 2025

EUR/USD In the past 24 hours since the uneventful Federal Reserve meeting, the markets have shed their anxiety and resumed the broader risk-on trend. Even government bond yields are easing

Laurie Bailey 07:16 2025-06-20 UTC+2

AUD/USD Forecast for June 20, 2025

AUD/USD Yesterday, the Australian dollar pierced the MACD line with a lower shadow and nearly tested the support level at 0.6446. This morning's price movement above the MACD line offers

Laurie Bailey 07:16 2025-06-20 UTC+2

GBP/USD Forecast for June 20, 2025

GBP/USD On Wednesday and Thursday, the British pound tried to consolidate below the support level 1.3433 but was unsuccessful. The price is rising steadily, aiming to break above the MACD

Laurie Bailey 07:16 2025-06-20 UTC+2

Trading Signals for GOLD (XAU/USD) for June 19-22, 2025: sell below $3,390 (21 SMA - 8/8 Murray)

Early in the American session, the XAU/USD is trading around 3,370, below the 21 SMA under bearish pressure. We believe a technical rebound could occur in the coming hours

Dimitrios Zappas 15:14 2025-06-19 UTC+2

Trading Signals for EUR/USD for June 19-22, 2025: sell below 1.1535 (21 SMA - 8/8 Murray)

The outlook remains negative for the euro, as rising oil prices could pressure the European currency. In turn, we could expect EUR/USD to reach the 6/8 Murray level at 1.1230

Dimitrios Zappas 14:57 2025-06-19 UTC+2

Forex forecast 19/06/2025: EUR/USD, USD/CHF, GBP/USD, Oil and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 13:52 2025-06-19 UTC+2

Technical Analysis of Intraday Price Movement EUR/GBP Cross Currency Pairs, Thursday June 19, 2025.

With the movement of the EUR/GBP price on its 4-hour chart moving above the WMA (21) which has a slope that is going upwards and the appearance of convergence between

Arief Makmur 11:45 2025-06-19 UTC+2

Technical Analysis of Daily Price Movement of Nasdaq 100 Index, Thursday June 19, 2025.

Although on its daily chart the Nasdaq 100 index appears to be moving above the WMA (30 Shift 2) which has a slope that is going upwards, but being stuck

Arief Makmur 11:45 2025-06-19 UTC+2

Forecast for EUR/USD on June 19, 2025

On Wednesday, the EUR/USD pair resumed its decline after a short pause and by Thursday morning settled right around the 76.4% Fibonacci retracement level at 1.1454. A rebound from this

Samir Klishi 11:20 2025-06-19 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.