EUR/CAD Watch

The euro in forex trading showed a psar phase change against the Canadian dollar.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
EUR/CAD C$1.3617

The EUR/CAD bear signal comes after five days in bull phase and, in my opinion, lacks credibility. It is strongly counter-trend. The pair has been in a decline, with respites, since November 2009.

Even so, it is a volatile time for the euro because of the weaker euro-zone countries' debt problems, so let's treat the signal seriously.

You are here:

• Reversal
• C$1.4755, +8.4%
• C$1.4338, +5.3%
• C$1.4103, +3.6%
• C$1.3834, +1.6%
• Now C$1.3617
• Reversal
• C$1.3570, -0.4%
• C$1.3542, -0.6%
• C$1.3496, -0.9%
• C$1.3287, -2.4%

Lots of congestion to the downside, and something less than clear sailing to the upside.

This signal will be followed in the daily Watchlist, which is posted beginning around 2:45 p.m. Eastern. Look for it at www.timbovee.com.

Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic

About the glance: The colors indicate the state of each signal.

• trend: green for up, red for down, yellow for sideways
• adx: orange for above 30-up, blue for 20-down, purple for in the middle. Blue is most prone to whipsaws
• psar, pps, macd: green for bull mode, red for bear
• sto: green for overbought, red for oversold, yellow for the neutral zone.

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