Since November, EurCad is trading in a range, with a low of around 1.42 and a high above 1.4550.
Yesterday the pair visited the lower boundary of the range and reversed (Pin Bar on Daily chart)
At this moment there is a high probability of continuation to the upside and traders can look to buy dips under 1.43 with a target at 1.45
A daily close under 1.42 negates...
EURCAD has completed corrective wave 4, and if the price breaks the parallel channel C, it may make a new low, which should be impulsive sub-wave 5 of wave (5).
If price breaks down channel C, the following targets for Wave 5 will be 1.4313 - 1.42520 - 1.41652- 1.41156 .
After making wave (5), if the price breaks the B channel, it can go for 1.4645 and start...
EURCAD has established an upward channel and is now almost at the bottom of that channel.
RSI is oversold at 28.9 on the 4Hour, has hit 28 before bouncing back above on the 2Hour and bottomed at 31.8 before bouncing on the 6Hour.
Directly below the price we see the lower boundary of the upward channel and a previous good Demand Zone.
Price may continue down to...
Hello everyone, and welcome to my TradingView profile, my name is TRADiNG_Club_ and today I am going to analyze EUR/CAD a full technical analysis on different time frames using a translation of market information While doing so, let me give you a personal opinion about it. The next most likely market movement and helps you find and manage market opportunities.
EURCAD has been in presure making lower highs and lower lows but in yesterday's session, it has given a breakout above trendline.
We are expecting bulls to take charge from here and push price to further highs
EUR/CAD - Nice daily bat completion, price at the D point spiking nicely into the s/d zone before reversing and breaking structure on the lower timeframes and momentum.
I'm expecting a slight pullback then bullish PA. The weekly trend is bullish and price is currently sitting in the .886 of the zone.
Let me know your thoughts!
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Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the EUR/CAD , translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
My ideas are...