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Eurcadsell

EUR/CAD | Potential Downward Movement 🔨🔨🔨Technical Analysis: The price on the higher time is showing lower lows and highs where it is smashing all the daily supports. Recently, the price posted a correction count toward the resistance (previously support) at 1.4914 USD level. On the lower time frame, the price is forming a bearish pennant, where we expect a breakout to the downside and then a move downward toward the 1.4852 USD mark. ------------------------------------------------------------------------------------- Trade Idea: Sell Limit Order @ 1.4914 Take Profit @ 1.4852 Stop Loss @ 1.4940 Trade Safely 🙂
Short
by Forex-Robot-Nation
2
EUR/CAD Multi-Timeframe analysis (03/02)Hi Traders EUR/CAD Multi-Timeframe analysis (03/02) H1 Chart (Bearish) Target 2 at 1.52525 has been reached. We closed the remaining 50% of our position and now we are looking for the next opportunity to enter the market. Support & Resistance 1.53327 1.53548 1.53030 1.53833 1.52898 1.53965 H4 Chart (Strong UP) The market is approaching the support at 1.52821 . We are waiting to see reversal signals in order to reinstate LONG positions. Next important support is the 1.52619 level. Support & Resistance 1.52821 1.53124 1.52619 1.53498 1.52092 1.53833 Daily Chart (Strong Down) The market is approaching the resistance at 1.54016 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 1.55924 level. Support & Resistance 1.52666 1.54016 1.52092 1.55924 1.51065 1.57096 Weekly Chart (Neutral) The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track. Support & Resistance 1.52666 1.59912 1.50518 1.62060 1.47707 1.64871
Short
by Avramis
2
EUR/CAD Multi-Timeframe analysis (Update)Hi Traders EUR/CAD Multi-Timeframe analysis (Update) H1 CHART ( Bullish ) A medium probability, entry signal to go LONG was given at 1.53623 after the market found support at 1.53317 . Only the downward break of 1.53317 would cancel the bullish scenario. Support & Resistances 1.53328 1.53548 1.53030 1.53735 1.52898 1.53975 H4 CHART ( Neutral ) Conflicting technical signals are indicating towards an unstable market, cautioning us to remain neutral and wait for a stronger trend to develop. Support & Resistances 1.53124 1.53498 1.52619 1.53782 1.52092 1.54414 DAILY CHART ( Strong Down ) Waiting for a retracement higher towards the 1.52666 resistance level in order to reinstate SHORT positions. Next important resistance is the 1.54016 level. Support & Resistances 1.52660 1.52666 1.50744 1.54016 1.47486 1.55924 WEEKLY CHART ( NEUTRAL ) The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track. Support & Resistances 1.52666 1.59912 1.50518 1.62060 1.47707 1.64871
Short
by Avramis
EUR/CAD Multi-Timeframe analysisHi Traders EUR/CAD Multi-Timeframe analysis H1 CHART ( Strong Up ) The market is approaching the support at 1.53258 . We are waiting to see reversal signals in order to reinstate LONG positions. Next important support is the 1.53039 level. Support & Resistances 1.53258 1.53486 1.53039 1.53548 1.52678 1.53719 H4 CHART ( BEARISH ) Conflicting technical signals are indicating towards an unstable market, cautioning us to remain neutral and wait for a stronger trend to develop. Support & Resistances 1.53124 1.53498 1.52619 1.53782 1.52092 1.54414 DAILY CHART ( NEUTRAL ) Waiting for a retracement higher towards the 1.52666 resistance level in order to reinstate SHORT positions. Next important resistance is the 1.54016 level. Support & Resistances 1.52660 1.52666 1.50744 1.54016 1.47486 1.55924 WEEKLY CHART ( NEUTRAL ) The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track. Support & Resistances 1.52666 1.59912 1.50518 1.62060 1.47707 1.64871
by Avramis
1
EUR/CAD Multi-Timeframe analysisHi Traders EUR/CAD Multi-Timeframe analysis H1 CHART ( BEARISH ) Waiting for a retracement higher towards the 1.53175 resistance level in order to reinstate SHORT positions. Next important resistance is the 1.53780 level. Support & Resistances 1.52790 1.53175 1.52213 1.53780 1.51227 1.54766 H4 CHART ( BEARISH ) A medium high probability, entry signal to go SHORT was given at 1.53151 after the market found resistance at 1.53804 . Only the upward break of 1.53804 would cancel the bearish scenario. Support & Resistances 1.53120 1.53782 1.52821 1.54414 1.52255 1.54980 DAILY CHART ( NEUTRAL ) The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track. Support & Resistances 1.52666 1.54016 1.50744 1.55924 1.47486 1.57096 WEEKLY CHART ( NEUTRAL ) The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track. Support & Resistances 1.52666 1.59912 1.50518 1.62060 1.47707 1.64871
Short
by Avramis
2