#EURCAD Price is trading in nearby 4hr support area and waiting for box pattern breakout and waiting for any bullish candlestick formation and watch the next candle close the previous candle its will move to the next level resistance area
Why we like it:
Price is trading in nearby 4hr support area
waiting for box pattern breakout
moving to the next...
TECHNICALS
We notice that price has come to a weekly support zone of 1.43025 which what created during mid feb. we are noticing some bullish movement on the smaller time frames so this could mean that support is holding firm and i dont think that price will break below support zone but however may retest then be bought till resistace zone of...
EURCAD is on a strong downward trend. The failure to create the next lower low incentivizes the price to retrace to the high volume profile zone to grab liquidity and mitigation of some long positions used in the previous mitigation cycle.
OANDA:EURCAD
Quarters Theory focuses on the 1000 PIP Ranges between the Major Whole Numbers in currency exchange rates and divides these ranges into four equal parts, called Large Quarters. Each 1000 PIP Range contains four Large Quarters and each Large Quarter has exactly 250 PIPs (1000 PIP Range/4 = 250 PIPs).
Our analysis is based on multi-timeframe top-down analysis & fundamental analysis
Based on our view the price will rise to the monthly level
DISCLAIMER: This analysis can change anytime without notice and it's only for the purpose of assisting traders to make independent investments decisions. Please this is a PREDICTION and I have no reason to acts on it and...
The EUR CAD pair has completed the formation of the positive Harmonic Butterfly pattern with a daily interval, as the correction of point D reached the maximum possible percentage of the BC leg at 261.8%
Accordingly, it is possible to enter into buying positions from the potential reversal zone (PRZ.2) from levels (1.4320: 1.4370) after the pair fell from the area...
Hello Traders!
Have you ever wondered when will a strong trend end? Do you struggle to spot candlestick patterns that potentially signal when the bulls or bears might take over?
Take a look at this example of EUR/CAD and let's see how the trade plays out! :)
About the Inverted Hammer Candlestick Pattern and Why It Forms:
The Inverted Hammer is a bullish...
we're waiting this pair to close a momentum candle over our last touch of the descending channel so we can take a buy position
if anyone have a comment on my analysis please share it
Good luck
The Euro vs. the Canadian Dollar. The Euro is the second most popular reserve currency in the world and is considered to be very stable. The Canadian dollar is the seventh most commonly traded currency in the world and is highly dependent on Canada’s exporting of its natural resources, especially oil.
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