EURCAD is very strong Downtrend As My indicator panels also shows very Strong downtrend. Daliy TimeFrame bearish engulfing. H4 Timeframe Bearish Engulfing And HNS H1 timeframe break of Up Trend and HNS SO on monday we will go short on eurcad
EUR-CAD broke the rising trend-line Then went up to retest the broken level and horizontal resistance at 1.31223 From where I am expecting a local bearish reaction And a move down to retest the target below 1.28979
price has channelled down to a strong support area, short term buy to at least to of the channel.
EURCAD - Sell The Weekly major support level has broken amidst unsettling european events. The level should now turn resistance and has already tested it. Entry: 1.3376 Price has bounced of former support now turned resistance, Stop: 1.34103 Above the support area, if price breaks through to this area, it'll have taken out previous highs and possibly looking...
EURCAD Buy/Long Bounce off Support Entry: 1.33888 - 134000 1) At support which has held out since end April with 3 previous touches at this zone. 2) Also a historical key support on higher time frames Daily, Weekly, Monthly Chart Stop Loss: 1.33680 1) 20 pips breathing space below buy zone Take profit: Have labelled key zones can trail stop loss.
holding this position since Tuesday London session, the volume as expected isn't there as yet, but I believe we must start seeing a rally up from today's us session and two target level are spotted on the chart as take profit, swing trading mode that requires a high level of patience.
As investors await the NFP data in 2 hours time, i'm expecting ECAD to close this week below last week's low and forming a new low below 1.134400.
EUR-CAD was trading in a narrowing bullish wedge And now we are seeing a bullish breakout at last Which confirms my bullish bias on the pair And I will be expecting the price to go further up Towards the target level above AT 1.40962
This was sent out last week but didnt get activated towards the end of the week. Running almost 190pips and expecting further push upwards as i expect more CAD weakness this week + EUR strength too. Analyses for both EUR INDEX + CAD INDEX sent in the group for those who want to see what i expect for this week ( link below)🤑 Callout was sent in the group ( link...
Looking at EURCAD on 2H Currently looking for long/buy position We looking for possible formation of the reaction phase
EUR-CAD is trading in a local falling narrowing wedge The horizontal support level at 1.36450 . was retested So if we see a bullish breakout The pair will rise to resistance areas at 1.42004
Adjusting to the price action, an updated look at the current market shows price is bearish, making LHs and LLs. It is now at a what I believe is a valid demand zone. I am looking for bullish PA that may indicate a market shift here, where the market may be turning from bearish to bullish momentum.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURCAD - M - Movement Prediction and forecast idea in long term.
EUR-CAD is trading in a falling channel And the husband re-tests Channel support level and horizontal support at 1.392 I think it's followed by a bounce from existing areas By the bullish correction is possible So we will be waiting for the reversal signs To be able to enter a long trade BUY
After breaking the set level, the price drops to the previous floor by 150 pips. Also, R:R = 2. Are you agree?
According to my analysis this currency pair inshallah move bearish for the upcoming week 1-Strong nice downtrend 2-Nicely repeating its key levels towards downtrend Note: For bearish move it is suppose to hold trend line