FX:EURCAD   Euro / Canadian Dollar
116 3 6
Nice uptrend, save that little outlier down there. EURCAD             continues to show strength. The EUR took off to the upside as the Fed could not raise interest rate on Thursday.

The light blue box shows this market has been in consolidation for a while, and should we BO above the top of the range, we're more likely to test the high of 1.55584. There's plenty of room for the EURCAD             to move up.

Oil             prices didn't take off when the dollar sold off = Bad news for commodity. Now, when commodities get hurt, commodity currencies , such as CAD also get hurt., hence pairs like EURCAD             , and USDCAD             must get a boost EURCAD             should go higher , in what has already been a nice steady uptrend.

I assumed three separate orders during the pullback phase,(RE technique from Mr. Tim West, and his son, Ivan.) and I'll look to add in the BO of the consolidation box to the upside.

1.4750= Big support Below, and of course, the up TL

From the high of 1.55584, price showed a downtrend=more than 5 bars in a row w/o the printing of a fresh high.

We had 11-day mode earlier, prior to the Range expansion to the upside = Downtrend MODE Failure.

Currently there are 13 days of common price following no new high after the RE bar, and the retesting of the MODE during the pullback phase.
looking bearish 4400/4550.. but like to see brkout + small pullback to test trendline to comfirm
It'll break the TL down, but it's a fake out.
This Trendline is going to be useful some day!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out