Bullish Bat Pattern seen on EUR/CAD daily charts. The pair has edged higher from 1.4389 levels which is pivotal, weakness seen only on breaks below 1.4380. Retracement upto 1.5330 (61.8% Fib of 1.59145 to 1.43889 fall) likely. Immediate support and resistance for the pair are located at 1.4697 (200-DMA) and 1.4734 (5-DMA). Recommendation: Buy dips around...
EUR/CAD hits multi-week lows at 1.4677, bears look relentless, scope for further downside. The pair is being taken down with high volumes, 1.450 next bear target, further downside to see 1.44 levels. Oil prices are seeing a decent recovery from Feb 11th lows of 26.03 and are currently trading at 34.19 levels. The recovery in oil is likely to keep Loonie...
The price is moving in retracement in Daily chart. It is now facing the 200 MA resistance. We could look in lower timeframe to set up a buy opportunity with low risk and high reward.
I'll be looking for a retracement in the next 5-8 days, followed by bear confirmation on MACD and/or candle. If I see that I'll be shorting this with the trend.
CAD strength supported by ralling oil price.
Look for a short trade setup in EURCAD over the next two days, preferably on Feb 22nd around 13:00 GMT or Feb 23rd around 17:00 GMT. Price should stall out around the 50% Fibonacci retracement which coincides with the 3rd square root from the most recent low of 1.51402 set on Feb 18th. Should EURCAD run up to these levels it could stall out presenting a nice...
EUR/CAD upside run seems to have stalled at 1.5914 highs on Thursday, 11th Feb, pair slips below 1.55 handle. Price action on the day has been rejected at highs by 1.5590 and the pair has edged lower, broken below 10-DMA at 1.5537. The following technical factors support our view for downside correction in the pair: - Formation of an inverted hammer at highs -...
3 PATTERNS PAIR: EUR/CAD TIME-FRAME: 1HR TRADE: 3 PATTERNS Here we can see pattern setups on the EUR/CAD 1HR time frame. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
EUR/CAD is seen extending decline from multi-year highs at 1.6105 hit on Jan 20th, we see scope for further downside. Unexpected dovish tone at Draghi’s press conference on Thursday has opened the door to a generalized EUR weakness, while rebound in oil prices will support the loonie. Momentum studies lean bearish, Stochs and RSI have reversed from oversold...
EURCAD is going up in a channel and I would be buying any dips to the bottom of the trend line which will come.
Looking for another impulse up after price breaks above the correction. We are getting a good consolidation and it may be ending soon.
EUR/CAD extends its uptrend to breaks minor resistance at 1.5556 to hit multi-year highs at 1.5667 (levels not seen since Dec 2009). Oil prices trade near 12-year lows, Brent slips back below $ 30 mark, hurting sentiment for the loonie. We see upside in the pair supported by rising volumes, MACD and RSI on weeklies remain strong, so more upside in-store. 1.5731...
A bullish AB=CD pattern has formed in EURCAD H1 chart, leaving us an opportunity for a long position with a 2:1 risk-to-reward ratio.Going to entry this trade as soon as price shows an upward momentum.
This pull back is providing a nice risk reward ration of 1:2 for a long, if the pair pulls back further you can still get a good RR by extending SL to below 1.45118 and targeting 1.5475
Continuing the uptrend after a small retracement. Will be waiting for confirmation before entering.