Get started

Eurcadtrade

EURCAD - Broken Support EURCAD - Sell The Weekly major support level has broken amidst unsettling european events. The level should now turn resistance and has already tested it. Entry: 1.3376 Price has bounced of former support now turned resistance, Stop: 1.34103 Above the support area, if price breaks through to this area, it'll have taken out previous highs and possibly looking at change of trend. TP I have highlighted key profit taking areas, can use a trailing stop and move trade to breakeven when certain amount in profit for risk management.
Short
by dinomalik
EURCAD, annual closure and ...Good Morning everyone, the price of the Euro against the Canadian Dollar is falling just near the end of the annual cycle. We still have some time to see it drop below the November lows, personally I see 1.40526 as a good level of buying, but only the MCS will confirm this. The excess weakness on the MCS is showing up, the channel is tightening fast and everything points to a buy signal within the first ten days of February. For now we wait and do not anticipate anything, not even on the support at 1.4198, clear ?? :)
by The_Cyclical_Trading
EurCad- Do we have a bottom?EurCad is in a downtrend for 15 months now, with the price dropping 1700 pips, from 1.6 to 1.43. At the beginning of October, the pair has made an important break under 1.46 support and dropped pretty fast to the up-mentioned low. At this moment looks like EurCad is preparing to test the new 1.46 resistance for confirmation and traders can look to buy dips against 1.43. I'm bullish EurCad in medium-term and I will remain so as long as the price is above 1.43
Long
by Mihai_Iacob
6