Awaiting neckline breakout. Targeting 1.4055
Today's Chart - EUR/CAD SUMMARY: The primary trend of EUR/CAD is bullish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 1.5325 and support at the level of...
CAD strength supported by ralling oil price.
EURUSD H4 forecast: first up into consolidation structure, then down to monthly 38 Fib
Look at the 3 straight lines I've drawn. You see a clear pattern that's coming back in about every 1,5 month. However, in the long term you see a uptrend so I'm expecting that on a long-term-basis it'll go up. DISCLAIMER: I'm a beginner and this is an attempt to be as accurate as possible. I am still learning TA so I am not yet working with cyphers and other...
EURCAD - Short - possible tripple top on a bigger time Scale. Looking at the the EU and UC I could see this situation playing out. On the one hand EU has a lot of room to move down. While UC already made most of it's big move and should retrace at some point quite a bit. All together this screams for a tripple top/ short eurcad. The usoil price has to find a...
FX:EURCAD GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD SHARK: Point B: 61.8% XA Point C: 113% to 161% AB Point D: 161% to 224% BC 88.6% to 113% XC Target: 38.2% to 100% CD Safe Trades; open.spotify.com
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
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...