EUR/CAD - ShortAs expected we saw that short term spike (CAD weakness) following from the CAD news.
We’ve now retested 1.4900 and we anticipate the CAD bulls to step in soon…..
I was looking at selling this pair from here around 1.4900, but climbed higher and are now seeing the rejection of the 78.6% Fibonacci.
Target - 1.4700
Called this EURO weakness back on Sunday :D
EUR-CAD
Pullback Possibly Due Because of Weekly FormationAccording to the weekly, last week's super bull run has formed the morning star on the weekly… Or a bullish engulfing… take your pic how you wanna see it. This may be a correction week before it continues on its rally. Here are some possible TPs. Enjoy the ride!
BEAR TPS:
• 1.47773
• 1.47653
• 1.46168
• 1.45578
BULL TPS:
• 1.48825
• 1.49893
• 1.50868
Don't miss the great buy opportunity in EURCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.4592). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 1.4937
TP2= @ 1.5205
TP3= @ 1.5637
SL= Break below S2
Don't miss the great buy opportunity in EURCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.4592). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 1.4937
TP2= @ 1.5205
TP3= @ 1.5637
SL= Break below S2
Currently In the Mist of A PullbackIf you weren't paying attention to this pair, you missed one heck of a drop! We are currently in pullback mode, but it won't last for too much longer since this pair actually broke out of multiple weeks long range.
So we'll be trading this pair until the pullback is complete or, if you want, when the continuation begins.
BEAR TPS:
• 1.42917
• 1.41912
• 1.40732
BULL TPS:
• 1.43824
• 1.44566
Retracement Determines Next MoveKeeping this short and sweet this week.
All the pairs I'm updating are based on Friday's big move. The focus is to determine price direction and next setups. I don't have enough info yet for the next major moves. So trade zone-to-zone.
BULL TPS:
From the 1.45942 zone…
• 1.46382
• 1.47075
• 1.47542
BEAR TPS:
• 1.45942
• 1.45571
• 1.45161
• 1.46641