The EURCAD is in a downtrend. Price for the last days consolidated to form a Descending Triangle that is an indicator for a further push to the downside.
This pair is struggling to reach the upper limit of its ascending channel. This behavior is typical of counter-trend moves, so we expect this channel is forming through a 2nd wave which should be followed by a steep fall in the 3rd wave down. Our time analysis indicates that there is little time left for the bulls to reach the top area of the channel so we might...
It seems that this pair is declining in an impulsive fashion and is now in the 4th wave. We expect the price to turn south again at the start of the next week. If 1.4741 level is broken to the upside, this analysis is invalidated. Break down of the regression channel can be considered as the short signal. Good luck, Cyclical Waves Group
This pair started a corrective upward move through a channel. The channel is broken to the downside and I expect falling to the recent lows against the high registered. Good luck, Ali Sharif Azadeh, CFTe
A bearish AB=CD and a bearish Deep Crab pattern completing in a tight 20 pips zone point that correction is over. A breakdown of 1.48 level is the trigger for this trade with stop above the high and the take profit level at 1.4736. If the trend line is broken, expect the 1.4548 low to be re-visited. Good luck, Cyclical Waves Group
CAD is so under valued right now so any currency just beats it up like a little kid. But just wait until that little kid goes and gets his mum )) I have my pending order ready and await price to come and get it. got 2 longer term targets below
EUR/CAD looks like it is forming a real nice sell opportunity on 2 time frames. The main chart is the 4 hour. Here there is a 5 wave impulse (wave 1) with a complex WXY correction (wave 2) Wave 2 retraced 50% of wave 1 Wave Y = 78.6 % of wave W In addition we can see that the RSI has held the 60-70 bear resistance indicating that the move up is a pull...
Anticipate for Price Breakout. Buy above : 1.49831 Sell below : 1.49387
Hoping for price breakout. Buy above : 1.49831 Sell below : 1.49387
Learn 2 trade like a pro boafx.com - The Euro is overvalued against most currency pairs at the moment and the engulfing candle on the DAILY chart would suggest a change in sentiment over the next few days/weeks. I am looking to make the head and shoulders pattern on the 4 hour chart here and then sell off from the second shoulder.
SHORT EURCAD FROM 1.3611 THE PAIR IS IN A LARGE DOWN TREND. WE HAVE SEEN A SIGNIFICANT PULLBACK FROM 13020 AREA. THIS PULLBACK HAVE FAILED TO MAKE A NEW HIGH WITH REGARDS THE HIGH CREATED @1.3775 AREA. WE ARE SHORT AND A STOP IS PLACED ABOVE 1.3670 * TARGET 1 = 1.3399 T2 = 1.3020
EURCAD is in a Huge Downtrend on Monthly timeframe but is in an oversold Territory. Confirmed Demand zone is Weak but still a Bounce to Retest the Flip Supply Zone & fresh Downswing is expected. Candidate for Watch-list