EURCAD Projection 03.24.19 - 03.29.19 #FOREXLooking to see the blue zone lose momentum, gather liquidity, before a push to the green zones.
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EUR-CAD
EUR CAD BUY (EURO - CANADIAN DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
EURCAD Harmonic Bearish Bat EURCAD reached its resistance zone and made a harmonic structure. I'm waiting for bearish movement in soon.
EURCAD approaching resistance, potential drop! EURCAD is approaching our first resistance at 1.5224 (horizontal pullback resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur below this level to our major support at 1.5108 (61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCAD BUY THE BREAKOUT AND RETESTEURCAD is currently on a strong resistance zone and tested multiple times.
We wait for the break and retest of this S/R zone then take our position.
Check our status.
EURCAD 1:4 BREAKOUT Long Term BiasStrong fundamentals in favour of EUR
- CAD NAFTA Agreement with US likely to have less trade due to reduced investment in the US
- FOMC mentioned in their recent statement that they would not raise rates, investors will seek to move money into other securities to find higher returns on investments
- This hurts Canadas economy due to US being a major trade partner
EURCAD - EURO Canadian $$$$$$$$$$$$$$$$$$$$$$$Short for me and my very nice technical analysis on charts which is sometimes poor i feel this could be going down!
Maybe not maybe so who knows lets wait for the Forex gods to decide.......
EURCAD Approaching Resistance, Prepare For A Reversal EURCAD is approaching its resistance at 0.5147 (100%Fibonacci extension, horizontal swing high resistance, 61.8% Fibonacci retracement ) where it is expected to reverse down to its support at 1.5092 ( 50% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its resistance where a corresponding reversal is expected.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EUR/CAD: The pair should visit 1.51160 in the next hours Hi guys,
It looks like we have a nice double top forming on M15 with a RSI bearish divergence.
I take a short position and my target will be the 50% retracement @ 1.51160.
Please show your support by liking or commenting my ideas :-)
Happy trading
Jesse
EUR CAD BUY (EURO - CANADIAN DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
EURCAD 03.14.2019 #FOREXWe've been ranging in this sell for a few days, racking up positive swap fees :D.
Daily candles screaming sells as the wicks and 4H false breaks clearly demonstrate.
In-Depth Analysis brought to you on IMLTV.
TP: 1.49625
EURCAD long term trade. Part 3Previous analyis went quite well, showing the small drop to the entry zone prior to the big rally. Takes some profits at the highs with the plan to re enter at the yellow circle again. Now that bear flag i showed in the last update, seems to be in play. Broke the support line and now seems to be hanging below it. Making the chances high for another move down. I still have a part of the long running, but i will wait patiently to get in again at the yellow circle, as the blue line suggests. Think we will see a double bottom shape on the lower time frame, so i might use that to re enter again.
Previous analysis:
EURCAD Potential Buy Setup on H4EURCAD formed a promising buy setup after breaking above the falling channel and finding support at a longer-term trendline earlier. The pair now trades close to a horizontal support level.
The pair fell significantly after the ECB press conference last week and bad news about the euro area may already be fully priced in. An important factor for the EURCAD pair may be future oil prices and the state of the US economy.
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EURCAD SHORTBearish flag, price has wicked the 0.382 fib retracement as well as potentially forming a H and S. Had to take a second chance entry stops a 30m ATR above the blue zone.
