Canadian Dollar/Euro

SAXO

CADEUR

Look for the move down on the cad pairs

DO NOT TRADE THIS CHART

Based on the chart pattern, it is most likely to going down as per the chart I have shown. Good to have a strong bear after this.

CXY broke out of its major support at 6.9681 where it could potentially fall further to its support at 6.9491 (50% Fibonacci retracement, horizontal overlap support).

waiting patience and go for a holiday first.

cadeur broke out of bullish flag and is in an uptrend.

CXY is approaching our first resistance at 6.9990 (horizontal overlap resistance, 78.6% Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6.9634 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing low support). Stochastic is also approaching...

CXY is approaching our first resistance where we might see a corresponding drop in price. Stochastic is also approaching resistance where we might see a corresponding drop in price.

CXY is approaching our first resistance at 7.0544 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6.9899 (50% Fibonacci retracement, horizontal overlap support). Stochastic is also approaching resistance where we might see a...

CXY is approaching our first resistance at 7.0544 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 6.9899 (50% Fibonacci retracement, horizontal overlap support). Stochastic is also approaching resistance where we might see a...

On the cadeur, price has been declining for a long time now while holding onto resistance. Price has then created a xabcd pattern in which is aligned with minor resistance zone.

FX_IDC:CADEUR SHORT

SHORT@0.6657 STOP@0.6657 PROFIT.TAKER@0.6441 TAKE HALF PROFITS @0.6550

Situation: CADEUR is forming a downtrend. It which might be confirmed soon (pink dashed line). Another point of potential movement will be the breaking of the yellow trend (yellow dashed line). Might even have some SHS flavour to it. Plan: Short CADEUR at the confirmation of the pink trend. Execution: Trade the trend with SL at the last lower high.

CAD and oil to get v weak going forward

So this one is really interesting. CAD has to my pleasure been really bullish for a while, and it looks like that might continue. We're currently in a breakout channel from a previous downward trend, and has just gotten out first smell of fresh air. I was thinking about putting a short on since its rebounding, but then I realized that that would be fucking crazy....

Shorting CADEUR until the support line is reached. Covering if we break the descending resistance line.

EURO has hit its minimum target for the ending diagonal on the daily chart. Next week can start to watch for potential shorts in EURO in general. Strong pairs like EURAUD, EURCAD and EURNZD would provide indicator for weakness in EURO in general. EURGBP at 8940-9050 should either breakout or breakdown from there. EURUSD is a tough trade honestly and any EURJPY...