EC touching through dynamic trendline
Major support broke, if price continue break lower. looking forward to 1.488x area
EURCAD completed a B wave of this large corrective structure. Look for buys near on the trendline for a move up to break the top.
Hello to all which follow my charts. Here The Situation in EUR CAD at the moment. For an easy look a the big picture i have used my renkocharts i am favourite from. So here we go: EUR CAD had had a sharp downtrend from beginning of 2019 At around 14.1.2019 the pair has build out a short channel which has lasted till 25.2.2019 From this day on EUR CAD...
Expecting a bullish momentum since we broke the channel / bullish flag.
EURCAD is alos approaching resistance where we expect a drop below this level
Technical Analysis i) The lows at the end of May kissed the .236 fib level producing a substantially large wick, an indication that the bears are losing momentum. ii) This was followed by a strong Bullish Pin Bar which printed on the .5 fib level suggesting that the May lows (.236 fib level) had a strong potential to be a reversal for the short term. iii) We...
Selling EURCAD at CMP or after a minor pullback based on price action and indicator signal.
Another Trend Continuation Trade EURCAD ! Looking For An Uptrend Continuation! However, trade with caution, this pair has been eratic of late.
Counter Trend Trade. My idea is to trade the pullback at least to the first bear fractal on the 4H chart. Daily chart shows a big bullish candle and the price may still goes up touching the top line of the resistance level. My psychological resistance level is based on the resistance level in 2016 previously. Why I take this trade is because the inverted hammer is...
Small pull back, I think it will go up 30M
i can see a small bearish divergence in some timeframe. The wti is strong since 3 day but Cad weakness so ??? anyway a small corection intraday is legit as is aoverbought is lany indicator and time frame too Also the dxy need to rebound and so is the euro who should down the most short at 1.4830 Target 1.4786 is a short rade intraday for 44 pips so hurry to...
We can see the EURCAD has now formed a double top. For this chart pattern to be valid, price should break the neckline to validate the double top, pushing price further down. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater...
I've been disgustedly inactive due to hectic school schedules as well as slow internet connectivity. For that, I will be publishing my rationale on why I entered the following trade. For the past days, I've been obsessed with Canadian Dollar pairs. If this Forex pair does break the graphed line, it may possibly dip to the 1.42500 area.
Our preference: lighten as long as 1.4707 is stopper with 1.4491 as objective. Alternative scenario: the overflow of 1.4707, will validate an increase over 1.4785 and 1.4832. Comment: The RSI is below its neutral zone of 50. The MACD is positive and below its signal line. The MACD must press the zero line to confirm a continuation of the drop. In addition, prices...
After the huge decline of the Euro and Loonie Forex pair, it has formed a consolidation on lower time frames showing that it may continue its decline later on with the formation of a descending triangle.