EURCAD :::
The price is located in an ascending channel, which increases the credibility and quality of the channel with appropriate interactions. The next price points are expected to be in the range of 1.35 .
G'day guys.
Let's analyse EURCAD.
Am gonna projecting long-term movement of this pair. Which technically, this pair still uptrend but clearly seen a rejection and loss of interest.
Am expecting this pair creating sideways with HNS. then changing direction soon.
Let's monitor this pair for a few month.. stay tuned..
Breaking the highest resistance with a big bullish Candle! after making a retest of the broken resistance downside, High possibility to reach the Target indicated.
Any Ideas or opinion will be a + for me, Thank you.
The price movement for the EUR/CAD has been constrained by several channels and overlapping price action over the past few years. The above chart visualizes the WEEKLY price action of EURCAD from August 2012 low. As visible, its structure can be best labeled as a "W-X-Y" double three/combination Elliot Wave pattern.
The advance from August 2012 and March 2014...
