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EUR-CAD

EURCAD approaching resitance, potential drop!EURCAD is approaching our first resistance at 1.5224 (horizontal swing high resistance, 61.8% extension, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.5108 (61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) 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.
Short
by easyMarkets
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.
Short
by Tickmill
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.
Short
by Klimex
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:
by botje11
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. Like our analysis? Please hit the "Like" button and join our Free Telegram channel -> t.me
Long
by MujkanovicFX