The EUR/CAD currency pair chart shows that at the end of the trend (relatively), the pattern of head and shoulder has been formed and, given the failure of the neck region, this pattern has been confirmed. According to this pattern, the price is as high as the height (The distance from the peak to the neckline) decreases from the neckline (as shown). In addition, ...
EURCAD is approaching our first resistance at 1.4955 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.4811 (horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement). Ichimoku cloud is also showing ...
Price is approaching our first resistance at 1.5120 (horizontal pullback resistance, 23.6% Fibonacci retracement) where price might drop to its support at 1.4821 (horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI (89) is seeing a ...
Price is approaching our first resistance at 1.5321 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong reaction might occur below this level, pushing price down to our major support at 1.5173 (horizontal swing low support, 61.8%, 100% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (55,5,3) is also ...
EURCAD is approaching our first resistance at 1.4955 (horizontal pullback resistance, 23.6%, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.4811 (horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement). Ichimoku cloud is also showing ...
EURCAD is approaching our first support at 1.5129 (horizontal swing low support, 61.8%, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level, pushing price up to our major resistance at 1.5294 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (55,5,3) is also ...
EURCAD is approaching our first support at 1.5148 (Horizontal swing low support, 61.8% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.5321 (horizontal pullback resistance, 38.2%, 50% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (55,5,3) is ...
- The pair has shown a decisive break below 200-DMA
- Price action has dipped below daily cloud
- Momentum bearish, RSI and Stochs sharply lower
- MACD has shown a bearish crossover on signal line and we see -ve DMI dominance
Good to stay short around 1.5220/30, SL: 1.53, TP: 1.5150/ 1.5095
Nothing special, it is very bearish.
EURUSD should go up now, even to 1.15 maybe.
USDCAD logically should go down.
EURCAD chart by itself is bearish and at resistance now.
MA20 and MA50 cross etc.
Everything points to it going down. Maybe once the daily candle closes.
https://www.tradingview.com/x/wyl7BuGz/
A counter argument would be this EW count, but I do ...
I have a position in EURCAD since it was 1.547
I have got some profit and waiting for the last TP
its 1.458
I don't recommend selling here because this triangle may be broken any time but it seems a very good resistance and it attracts the price.
If the price reached to 1.458 at this specified time I will close my sell position and open another buy position with ...
Watch this pair closely this week, what to expect :
1) Quick bounce will happen if the support is strong and the price will retest previous broken trend line.
2) Otherwise the price will build up around it and eventually break downward to reach those Fibo.
Definitely a pair to watch this week.
Trade Safe!!
EURCAD is approaching our first support at 1.5129 (horizontal swing low support, 61.8%, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong bounce might occur above this level, pushing price up to our major resistance at 1.5294 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (55,5,3) is also ...
Hi,
good chance of going further down now this starting dropping, on the daily we are rather sideways and now is not the most active time, but still, I think we might see more move down for now/ the next few days.
This pair has been in a strong bearish run I'm looking to hop into this establish trend. We tested tenken sen and saw a rejection and I'm looking for a chance to enter a sell to go lower. I've drawn out a few Take Profit levels on the way to my long term target of 1.5070 If we can break below the previous structure low we, we should see the big drop I am ...
