EURCAD testing strong support area again, let's wait if support breaks or resist from the area. Manage your risk!
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EUR/CAD is approaching a major converged cushion on the 200-day moving average and a horizontal trendline from January at about 1.4235. Oversold conditions point to a minor bounce, but it may not sustain for long given the recent fall below the 89-day moving average and the Ichimoku cloud on the daily chart. Any break below 1.4235 could expose downside risks...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EURCAD moving in range now wait for breakout to trade or place your buy stop and sell stop. Manage risk according to your account size.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
There is a major break looming in this pair! Not that the Loonie by itself would be the end-all but as part of NAFTA it ought to vaporize the Euro rather effortlessly - just at it's been doing to the Aussie already, for quite a while now. (Now, if they just got rid of their neo-Marxist government and US-esq, deranged, monetary mismanagement ... ;-) On the long...
EUR-CAD looks nice for a long setup. This is a daily Chart!
EURCAD moving in range now wait for breakout to trade or place your buy stop and sell stop. Manage risk according to your account size.
the analysis of this pair is still in line with the last analysis. the price is heading to the SnD area and is stuck. there is a possibility of sideways before the price continues the bullish trend again.
if you look at the movement of this pair on the D1 time frame, it looks like the price is stuck at a fairly strong resistance, and last week the price managed to breakout from the resistance (SR Flip). if you look at the bullish candle that formed a few days ago, the possibility of continuing the bullish trend is still strong. you can go long when the price...
EUR-CAD broke the key Horizontal level of 1.45216 And the breakout is Confirmed so I think That we will see Bullish continuation !
Some of my attention is seeing movement on EURCAD today. It looks possible that it will experience a decline in the resistance area. I'll try to wait in the 1.454 area
EURCAD is trading in a Rising channel and the Pair made a nice rebound From the rising Support which confluences With the horizontal support Of 1.44330 I think we will see a move up !
This pair is running into major resistance here, in an area of heavy confluence. This is the end of a corrective rally, in which all Euro pairs participated, off of their recent, major lows. (Mostly due to a, yet again, market wide delusion that the EU will have to tighten ("at least!") 375 basis points... When in reality, as the latest data illustrates, the EU...
EURCAD daily short Shortstop @ 1.45639 TP #1 @ 1.44627 66.67% wr TP #2 @ 1.43041 39.22% wr SL @ swing high 1.51122 17.65% hr All trades on this pair, and on this timeframe are produced by an algorithm. Winrate is based on Winnings trades on this pair, on this timeframe, from this algorithm. Find more trades like this on my profile for consistent wins.
Price just took support from this year's AVWAP and pushed back up. PD buyers pushed price up. Sentiment line in perfect buy zone. entry if and when price clears current POC zone and opens above it with good MACD. 1:1 note - not tagged in the position yet. will add note once in the position.