The EURCAD pair has been on a very strong rise since the August 25 2022 Bottom and hit all of the buy targets we presented on our 1D MA100 (green trend-line) break-out buy signal back on September 19: On December 15, the price got rejected on the Resistance Zone (1) that started a year ago (Dec 20), making so far a Triple Top. That would otherwise be a...
EURCAD is making lower highs and equal lows, and it's testing the resistance level. Price action was rejected by psychological level 1.46000, and higher timeframes show divergence. We might see a short-term pullback because the trend is still bullish. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
The EURCAD pair couldn't have traded better our September 19 set-up as the price broke above the 1 year Channel Down and broke above the 1D MA200 (orange trend-line) for the first time since Feb 07 2022, but got rejected on the 1.37150 Resistance: This Resistance rejection pattern has taken place another two times since September 2021 and until we break above...
Structure from the price always be a continuation and consolidation. In this case from the EURCAD in time frame, 4h price still in consolidation and waiting for confirmation price will be continuation for falling down or will be bouncing up to the top. in my opinion, this EURCAD will be falling down like what happened before, the chart already makes a flag pattern...
The EURCAD pair hit on Friday the 1D MA100 (green trend-line) for the first time since February 24. It just so happens that this contact is taking place at the top (Lower Highs trend-line) of the long-term Channel Down pattern that the pair has been trading in since mid August 2021. This level gives very favorable trading opportunities in terms of Risk/ Reward...
EUR / CAD sell. Dont risk more than 3% of ur account. Dont forget to riskfree ur order after TP1. * High risk
The EURCAD pair has been trading within a long-term Channel Down since the September 20 2021 High. Right now it is consolidating after the July 13 Low, being below the 1D MA50 (blue trend-line) since June 28. Also below the 0.5 Fibonacci retracement level, this calls for extended selling to new Lower Lows as it happened two times before within the Channel...
Price action has been caught within a descending channel since the month of June and we are not sure if the price is going to continue to respect this downtrend situation or could there be a breakout of the channel to incite a bullish momentum? This video explains how I intend to take advantage of a trading opportunity this week. Risk Disclaimer: Margin trading...
The EURCAD pair has been trading within a Channel Down pattern since September 2021 Triple Top. Such Double/ Triple Top Resistances are important as even in the one time the price broke above the pattern, it got rejected (February 07) on the Resistance of the previous High (Double Top), which also happened to be where the 1D MA200 (orange trend-line) was. On the...
The EURCAD pair has been trading within a Channel Down since December 2020. Recently it broke above its 1D MA50 (blue trend-line) but failed to maintain momentum and dropped back near the mid-May bottom. In our opinion this is not alarming as the 1D MA50 break-out was a first step towards entering into the Lower High phase that took place after the 1D RSI showed...
EURCAD has been trading within a stable and consistent pattern on the long-term. Since 2013 it is trading within a hyperbolic channel posting aggressive 1 year rallies followed by steadier +1.5 years corrections in the form of Channel Down sequences. At the moment the price is trading at the lowest level it has been since early June 2015 and the closest to the...
EUR-CAD is trading in a local falling narrowing wedge The horizontal support level at 1.36450 . was retested So if we see a bullish breakout The pair will rise to resistance areas at 1.42004
EUR-CAD is breaking the falling resistance After retesting the horizontal support AT 1.38800 Will retest the broken line now From where I expect husband To go up to retest the main level above AT 1.42107
Since my last publication on this pair, the price moved over 350pips in our direction before the retracement began ( see link below for reference purposes). And I expect the retracement to culminate at a level between 50 and 78.6% before the rally continues hence my previous bias still holds (see link below for reference purposes). Tendency: Uptrend...
EURCAD has one of the most stable and consistent patterns in forex on the long-term. Since 2013 it is trading within a hyperbolic channel posting aggressive 1 year rallies followed by steadier +1.5 years corrections in the form of Channel Down sequences. At the moment the price is trading at the lowest level it has been since early April 2017 and the closest to...
My perspective on this pair is going to be the opposite of the majority in the market as my research reveals that the big wigs are doubling down their position against the new week. Technically, with the strong support @ C$1.415 area; I foresee a short term gain for the Euro which might be a retracement of the overall bearish momentum or a possible move for an...
#EURCAD Hello trader, I hope are good and safe. Today I opened the chart of #EURCAD for 15 MIN and analyzed it then I see that this chart has made a DOUBLE TOP PATTERN, So I hope #EURCAD will go downside, Now Nice opportunity for short. If you have any query then leave a COMMENT, LIKE and FOLLOW. Keep Supporting And Thank You..
#EURCAD Hello trader, I hope are good and safe. Today I opened the chart of #EURCAD for 15 Min and analyzed it then I see that this chart has made a DESCENDING TRIANGLE , So I hope #EURCAD will go downside, Now Nice opportunity for short. If you have any query then leave a COMMENT, LIKE and FOLLOW. Keep Supporting And Thank You..