EURCAD LIVE ANALYSIS 07/03/2021the EUR is getting weak, we believe the strength of the CAD will make massive impact on the currency pair this week.....We are expecting a push up from current position to an area of resistance, then we will be taking a nice short position with good risk to reward ratio....
NB: Risk management largely advised.
Eurcadpredictions
EURCAD: Diagonal pattern in the weekly chartEURCAD: Diagonal pattern in the weekly chart, Triangle pattern in the daily chart
( Weekly Chart )
In the weekly chart, the largest waves have a triple structure, so monitoring the charts shows the end of the chart is in a form of 3-wave pattern that starts from the range of 1.2129. According to these explanations, the price is forming an Ending Diagonal pattern in this time frame. In continuation, we will study the daily chart and the details of the movement.
( Daily Chart )
In the daily chart, the price is in the final wave of the Diagonal pattern, of which the B wave is forming the triangle pattern, and the movement is terminating. The uptrend formation and the end of the Triangle pattern can be confirmed by crossing the price from the range of 1.5785.
But the main point can be seen in the 240-minute chart, in this chart at the end of the E wave the Diagonal pattern is being formed. By crossing the price from the range of 1.5600 we can get the early confirmation to enter the completion of the Triangle pattern with targets of 1.6250 to 1.6300.
EURCAD LONG in the short termEURCAD is position at price @ 1.5612 for a bull run. This is a short term analysis.
Overall, we should expect a pullback of price around @ 1.5624 and 1.5636 and if the price closes below @ 1.5636 then our move will be short to the downside with target price @ 1.5509 and price @ 1.5495
I am bullish until the price reaches @ 1.5624
Good Luck Traders.
EURCAD H4, Analysis Based On Price Action TheoryWe Have an Analysis Of EURCAD H4. This Analysis Based On Price Action Theory.
According to The Analysis, We Can See That the Market has a Buy trend on monthly Time Frame But H4 Time Frame We can see the symmetrical triangle 🔼 pattern. Behalf On That We have some key 🔑 points for Buyers & Sellers,
If the Market Break triangle 🔼 Up then Target (resistance) @1.58269 & @1.59630
But Market Break Triangle 🔼 Down Trend Then the Target (support) @1.54276 & @1.52032
I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade.
Thanks
Regard
Enclavefx technical group
EURCAD 2H WILL IT BREAKOUT OR NOTEURCAD broke out of the daily zone of consolidation with a lot of buying pressure but the one thing is that for it to breakout of a very important zone there is surely going to be a retest back to the daily support zone.
. If we see a bearish rotation on the consolidation then the breakout is not certain
. But if it breaks out of the consolidation then we are going to the retest zone downwards
Trading Pathways Analysis of EURCAD H4 Chart
The outlined white arrow pathway is the predicted pathway that the EURCAD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where EURCAD will turn.
NOTE: THIS IS ESSENTIALLY THE SAME PREDICTION I MADE AS LAST WEEK EVEN THOUGH I CHANGED FROM SHORT TO LONG.The difference is that last week I was looking at the medium term movement while this week I am looking at the short term wave where it is to advance upwards. I thought it would be better to analyse piece by piece rather than bundle everything together.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways