Currency pair - EUR.CAD Chart timeframe - 1hr Area of interest - 1.4825 & 1.4837 Chart pattern - Bearish Bat Potential target 1 - 1.4791 Potential target 2 - 1.4771 Potential extended target - 1.4760
EURCAD completes a Gartley pattern - Forms a small double bottom at the PRZ - Looking to trade the bounce
FX:EURCAD Safe trades;
Hello everyone. I am predicting a potential break out from this channel/wedge. Take care.
Similar to EURUSD especially with strong bullish sentiment on CAD (thanks to continued rising oil prices), also shorting this pair but at market instead of setting stop order, with TP at base pivot line (weekly chart) and tight SL near 1.485. Weekly: Daily: Confidence: B (might bounce up again from base pivot line after completing its current pattern;...
i see abullish Rsi divergence in h1 he is oversold in h4 CAD got power on a Saudi topic and the big bullish WTI,Brent but i think he will habe a pullback as also wti and brent are overbought and the reality will come after speculator. enter at 14775 target 1.4870 gain 105 pips
EURCAD in a middle of a correction. Trade at your own risk!
EUR/CAD is trading a narrow range on the day, 5-DMA caps upside in the pair. Technical studies are biased bearish. RSI and Stochs biased lower, RSI weakness seen below 50 levels. Daily cloud offers strong support at 1.4758 ahead of 50-DMA at 1.4738. Break below 50-DMA will see further weakness. Scope then for test of 200-DMA at 1.4640. MACD shows bearish...
Pretty slow moving pair lately but we could have a potential short on the touch of the 50 fib retracement level & touch of its countertrend line. Price broke out of its channel so overall still looks bearish..
Looking to long if retest at 1.4735 or form higher low. As long it did not bring below the X point, I will look for long opportunity. Reward to risk for this analysis is 3:1
Currency pair - EUR.CAD Chart time frame - 4hr Area of interest - 1.4735 & 1.4685 Chart pattern - Bullish Bat Potential target 1 - 1.4892 Potential target 2 - 1.4988 Potential extended target - 1.5048
For the Bullish Gartley BUY Breakout ONLY
Hey traders, On the EURCAD we have a potential bullish bat pattern taking shape on the 4 hour timeframe around the 61.8% Fibonacci retracement. Cheers
Strong and fresh supply level for swing term position, I'll sell at the supply level, If the price will breakout the confirmation zone it indicates the price tend to reach the supply level, there is a space of 80 pips between the confirmation zone to the supply level, we can use this space and try to look for intraday buy position.
The dominant pattern of the EUR/CAD exchange rate is a six-month descending channel. The Euro bounced off its upper line circa 1.5150 late in October and has since fallen down to 1.48. During its last wave up in this long-term pattern, the pair was likewise restricted by a junior channel down. This pattern, however, was breached on Friday when Canada’s data...
Like i explained in the chart, one more down move is possible.