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EURCAD

EURCAD ____ INCOMING BULLISH RALLYHello Traders, I am here again to update you on my view of EURCAD. This pair is currently trading inside a weekly demand zone (yellow box). Not only that it created relatively equal lows (sell-side liquidity as marked on my chart) on both the daily timeframe and 1-hour timeframe which it has swept. It has also cleared the low of last month's candle close. Now we have to watch and wait for the exhaustion of the price before we start looking to buy. I can't say how deep the price will go into the weekly demand zone but I sure expect the BULLS to step in soon. Kindly give me a like and follow for more content like this. Cheers, David
Long
by jabariofafrica
EURCAD H4 | Falling to overlap supportEURCAD is falling towards a key overlap support and potentially reverse from this level. Price could hit our buy entry at 1.45853 and bounce up from here. Our stop loss will be at 1.45231 which is an overlap support just beyond the -27.2% Fibonacci expansion. The take profit level will be at 1.46657 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
EURCAD ____ INCOMING BULLISH RALLYHello Traders, I am here again to update you on my view of EURCAD. I have also done my best to mark the chart so you can train your eyes to see certain things in the market. This pair is currently trading inside a weekly demand zone. Not only that it created relatively equal lows (sell-side liquidity as marked on my chart) on both the daily timeframe and 1-hour timeframe. My expectation was for it to sweep the sell-side liquidity as speculated in my previous analysis of this pair (I will insert it for reference). It has occurred as speculated. Now we have to watch and wait for the exhaustion of the price before we start looking to buy. I can't say how deep the price will go into the weekly demand zone but I sure expect the BULLS to step in soon. Kindly give me a like and follow for more content like this. See previous analysis on EURCAD Cheers, David
Long
by jabariofafrica
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