EURCAD had a nice impulse up with an ABC correction. This could be a good buy opportunity as our correction should now have finished and as the EURO strength has some more room for another push up. Driving factors: Brexit trade deal Covid19 Vac news Inflation rate Small buy for 220 pips from this level seems worth the risk. However large volume will resume...
Eur/CAD hit important low (pivot point) of 1.53500 and has had straight bullish momentum also following the past trend line we can hope to see it follow the pattern of hitting the trend line at around 1.55500. it has already hit the support of 1.55000 had false bearish momentum and pulled back above further showing momentum to hit the trend line. once hitting the...
If we see oil breakdown further we could expect eur/cad to make new highs, as usd is weak, euro will be stronger. backing fundamentally this technical set up.
One trade ive got my eye on, entered a buy position here, due to the price producing a buy signal on my algo and making what likes a bullish wedge. look to buy the euro/cad and ride the next wave up.
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (1.5670). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURCAD is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Mid-Term Forecast Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (1.5425). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURCAD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts...
This only my analysis please do ur researsh. Will test to break the next res and fullback to the previous support to retest. will ride the short wave.
This is only idea, not actual trading signal. EUROCAD - Long Trade High possibilities. IF you agree hit Like.
SELL 1.5332 TP 1.5312 TP 1.5282 TP 1.5232 SL 1.5480
Short - down to the 38.2 fibonacci or the 50 retracement before we look to long. Why? Just the way we swing. We missed the market open as the spread was high and needed calming from the news fundamentals which were causing movements in the markets. We caught the 1 hour consolidation and sold as it aligned with a good rejection. 1 hour supply. We got a retest...
Entering on 4hr price action confirmation. Use appropriate trade and risk management
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.4615). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURCAD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Midterm forecast: While the price is above the support 1.4750, beginning of uptrend is expected. We make sure when the resistance at 1.5285 breaks. If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 62 is not broken, the probability of price increase would be...
If the price cross the yellow curve downwards, I expect that Euro will touch to around 1.3780 level. Entry level is under 1.5000 support level
Midterm forecast: While the price is above the support 1.4750, beginning of uptrend is expected. We make sure when the resistance at 1.5285 breaks. If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is...