EURCAD H4: At the trendline

FX:EURCAD   Euro / Canadian Dollar
169 22
Now that we're again at the trendline , can we expect the price to bounce off of it again? And can we not? The euro is still one of the strongest currencies, whereas the CAD is relatively weak. The trendline provides an opportunity of fresh entries for buyers. As the rule says, the trendline always works until... it doesn't. Or in other words, beat the trendline to death, until it dies. So it's possible we'll see another rally to 1.5. Otherwise there's going to be a trendline break and price will plunge to the low of 1.459.
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
Same idea! Good luck to all!

Thanks for the input. I'm not that bullish about, but who knows? First let me see this bearish channel broken.
I think we have a useful trendline , when coming down on this guy following a successful test of top ;)
+1 Reply
ForceFollower moorekapital
Yes, this one seems to be working better.
Going back above the trendline. Let's see, if the rally can make it to the red trendline - upper border of the channel.
+1 Reply
moorekapital ForceFollower
Looking like +/- 1.4750000 held ;)
+1 Reply
ForceFollower moorekapital
Yes, it did. It looks like we've had a fake rally so far.
moorekapital ForceFollower
current 4H bar not done yet. Btw, I'm focused on the daily. I'll get the true picture by NY close tonight.
IvanLabrie moorekapital
USDCAD and EURUSD are more tasty than eurcad right now.
ForceFollower IvanLabrie
Thanks for the comment.
Yeah, EURUSD may be on its way up to 1.125. As for USDCAD, I've got mixed feelings: I'm bullish about it but it doesn't look like it's got a lot of energy to go up.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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 Send feedback Ideas Published Followers Following Private Messages Chat Sign Out