The EURCAD pair is trading on the 1D MA50 (blue trend-line) within the 10-month Channel Up. The previous time we had a peak rejection like this, the pair declined by at least -3.88%. The similarities even between the 1D RSI fractals are obvious. Our Target is 1.46550. ------------------------------------------------------------------------------- ** Please LIKE...
EUR/CAD is rising towards the resistance level which is an overlap resistance and could reverse from this level to our take profit. Entry: 1.50390 Why we like it: There is an overlap resistance level. Stop loss: 1.50851 Why we like it: There is a pullback resistance level that aligns with the 127.2% Fibonacci extension. Take profit: 1.49595 Why we like...
EUR/CAD is rising towards the resistance level which is a pullback resistance that aligns with the 23.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.49724 Why we like it: There is a pullback resistance level that lines up with the 23.6% Fibonacci retracement. Stop loss: 1.50304 Why we like it: There is an overlap...
EUR/CAD is rising towards the pivot and could reverse to the pullback support level. Pivot: 1.50380 1st Support: 1.49125 1st Resistance: 1.51159 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please...
EUR/CAD has broken out of the support level which is an overlap support and could drop from this level to our take profit. Entry: 1.50343 Why we like it: There is an overlap support level. Stop loss: 1.50851 Why we like it: There is a pullback resistance level which is slightly below the 50% Fibonacci retracement. Take profit: 1.49598 Why we like it: There is a...
EUR/CAD is rising towards the pivot which has been identified as a pullback resistance and could reverse to the overlap support level. Pivot: 1.52076 1st Support: 1.51182 1st Resistance: 1.53004 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs...
The price has reacted off the pivot and could potentially fall to the 1st support. Pivot: 1.51181 1st Support: 1.50414 1st Resistance: 1.52059 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please...
EUR/CAD is rising towards the pivot and could reverse to the 50% Fibonacci support. Pivot: 1.50239 1st Support: 1.48964 1st Resistance: 1.51188 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please...
EUR/CAD is falling towards the pivot which has been identified as a pullback support and could rise to the 1st resistance level which is also a pullback resistance. Pivot: 1.50322 1st Support: 1.48979 1st Resistance: 1.52196 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to...
The EUR/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.4932, positioned close to the breakout level....
Within Market trading, regardless of the assets involved, you need to form both a technical and fundamental case for your bias. When you do this, you grip great deals, and you also know where it is likely you will head. This is simple to learn, when described in a simple format.
EUR/CAD is rising towards a strong resistance zone and could potentially reverse from this level to the downside.
EUR/CAD is falling towards the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.48241 Why we like it: There is a pullback support level which lines up with the 38.2% Fibonacci retracement. Stop loss: 1.47847 Why we like it: There is a pullback support level...
EUR/CAD reacts off the resistance zone and could break into the upside.
EUR/CAD is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance. Pivot: 1.47874 1st Support: 1.47379 1st Resistance: 1.48459 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
The EURCAD pair eventually formed the new Lower High on the 17-month Channel Down as presented on our last analysis (May 27, see chart below) and got rejected: The rejection extended to as low as the 1D MA200 (orange trend-line) and a short-term rebound has brought the price back to a 1D MA50 (blue trend-line) rejection. Both previous Bearish Legs declined...
Hey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.48000 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.48000 support and resistance area. Fundamentally the EURO is weakening with the French election risk. Trade safe, Joe.