Don't miss the great buy opportunity in EURCAD Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.5670).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCAD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 74.
Take Profits:
TP1= @ 1.5750
TP2= @ 1.5828
TP3= @ 1.5978
SL= Break below S3
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Eurocad
Two great Buy opportunities on this chart for EURCADMid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.5425).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCAD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
Take Profits:
TP1= @ 1.5655
TP2= @ 1.5818
TP3= @ 1.5979
TP4= @ 1.6151
TP5= @ 1.6310
SL= Break below 1.5425
------------------------------------------------------------------------------------------------------------
Short-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.5484).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCAD is in a downtrend and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Take Profits:
TP1= @ 1.5595
TP2= @ 1.5656
TP3= @ 1.5732
TP4= @ 1.5822
TP5= @ 1.5970
SL= Break below 1.5425
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
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Trade well, ❤️
ForecastCity English Support Team ❤️
EUR CADShort - down to the 38.2 fibonacci or the 50 retracement before we look to long.
Why? Just the way we swing.
We missed the market open as the spread was high and needed calming from the news fundamentals which were causing movements in the markets.
We caught the 1 hour consolidation and sold as it aligned with a good rejection. 1 hour supply. We got a retest and sold again
We are risk free on trade one and now the sell off continues.
we expect target zones at 1.53XX and when we hit a buy order block we will look to buy to hedge.
Don't miss the great sell opportunity in EURCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.4615). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURCAD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 1.4533
TP2= @ 1.4438
TP3= @ 1.4050
SL: Break Above R2
A trading opportunity to buy in EURCADMidterm forecast:
While the price is above the support 1.4750, beginning of uptrend is expected.
We make sure when the resistance at 1.5285 breaks.
If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 62 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1.5180 on 05/09/2019, so more losses to support(s) 1.5010, 1.4915, 1.4820 and minimum to Major Support (1.4750) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (1.4820 to 1.4750). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.4820)
Ending of entry zone (1.4750)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 1.4915
TP2= @ 1.5010
TP3= @1.5115
TP4= @ 1.5195
TP5= @ 1.5285
TP6= @ 1.5360
TP7=@ 1.5450
TP8= @ 1.5640
TP9= @ 1.6150
TP10= Free
A trading opportunity to buy in EURCADMidterm forecast:
While the price is above the support 1.4750, beginning of uptrend is expected.
We make sure when the resistance at 1.5285 breaks.
If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 1.5153 on 04/16/2019, so more losses to support(s) 1.4915, 1.4820 and minimum to Major Support (1.4750) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (1.4820 to 1.4750). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.4820)
Ending of entry zone (1.4750)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 1.4915
TP2= @ 1.5010
TP3= @1.5115
TP4= @ 1.5195
TP5= @ 1.5285
TP6= @ 1.5360
TP7=@ 1.5450
TP8= @ 1.5640
TP9= @ 1.6150
TP10= Free
A trading opportunity to buy in EURCADMidterm forecast:
While the price is above the support 1.4750, beginning of uptrend is expected.
We make sure when the resistance at 1.5285 breaks.
If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 1.5153 on 04/16/2019, so more losses to support(s) 1.4915, 1.4820 and minimum to Major Support (1.4750) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (1.4820 to 1.4750). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.4820)
Ending of entry zone (1.4750)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 1.4915
TP2= @ 1.5010
TP3= @1.5115
TP4= @ 1.5195
TP5= @ 1.5285
TP6= @ 1.5360
TP7=@ 1.5450
TP8= @ 1.5640
TP9= @ 1.6150
TP10= Free
A trading opportunity to buy in EURCADMidterm forecast:
While the price is above the support 1.4750, beginning of uptrend is expected.
We make sure when the resistance at 1.5360 breaks.
If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 1.4905 on 04/02/2019, so more gains to resistance(s) 1.5115, 1.5195, 1.5285 and maximum to Major Resistance (1.5360) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (1.4820 to 1.4860). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.4820)
Ending of entry zone (1.4860)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profit:
TP1= @ 1.4915
TP2= @ 1.5010
TP3= @1.5115
TP4= @ 1.5195
TP5= @ 1.5285
TP6= @ 1.5360
TP7=@ 1.5450
TP8= @ 1.5640
TP9= @ 1.6150
TP10= Free
A trading opportunity to buy in EURCADMidterm forecast:
While the price is above the support 1.4750, beginning of uptrend is expected.
We make sure when the resistance at 1.5360 breaks.
If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 1.4905 on 04/02/2019, so more gains to resistance(s) 1.5115, 1.5195, 1.5285 and maximum to Major Resistance (1.5360) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (1.4820 to 1.4860). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.4820)
Ending of entry zone (1.4860)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profit:
TP1= @ 1.4915
TP2= @ 1.5010
TP3= @1.5115
TP4= @ 1.5195
TP5= @ 1.5285
TP6= @ 1.5360
TP7=@ 1.5450
TP8= @ 1.5640
TP9= @ 1.6150
TP10= Free
A trading opportunity to Buy in EURCADMidterm forecast:
While the price is above the support 1.4750, beginning of uptrend is expected.
We make sure when the resistance at 1.5115 breaks.
If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI bounced from the resistance #1 at 48 and it prevented price from more gains.
A peak is formed in daily chart at 1.5060 on 02/14/2019, so more losses to support(s) 1.4820 and minimum to Major Support (1.4750) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 41.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (1.4820 to 1.4750). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (1.4820)
Ending of entry zone (1.4750)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1 = @1.4915
TP2 = @1.5010
TP3 = @1.5115
TP4 = @1.5285
TP5 = @1.5450
TP6 = @1.5640
TP7 = @1.6150
TP8 = Free
A trading opportunity to Buy in EURCADMidterm forecast:
While the price is above the support 1.4750, beginning of uptrend is expected.
We make sure when the resistance at 1.5115 breaks.
If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
The RSI bounced from the resistance #1 at 48 and it prevented price from more gains.
A peak is formed in daily chart at 1.5060 on 02/14/2019, so more losses to support(s) 1.4820 and minimum to Major Support (1.4750) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 41.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (1.4820 to 1.4750). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (1.4820)
Ending of entry zone (1.4750)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1 = @1.4915
TP2 = @1.5010
TP3 = @1.5115
TP4 = @1.5285
TP5 = @1.5450
TP6 = @1.5640
TP7 = @1.6150
TP8 = Free
EURCAD Analysis: Chart Annotation for Swing TradersConclusion for today’s analysis: Minimum expectation for the EURCAD (FX) is 1.45024 if it breaks below support at 1.47623..
The Daily time frame is examined in today’s analysis for the EUROCAD. Major attention is drawn to the bearish channel (tentative) that is used to put price action into context ever since a price high of 1.61530 was achieved on March 20, 2018.
Besides, the bullish trendline in the EURCAD since April of the year 2015 is also plotted as it is in the vicinity of current price action as of market close yesterday (Monday, February 18, 2019).
1.47623 and 1.45024 represent the support region anticipated to provide a potential bullish swing in market action. Failure at the upper boundary of support (i.e. 1.47623) would have also seen price break its long term trendline.
This implies bearish strength that will be expected to test the bottom of the current price channel as a minimum expectation.
EURO BULLS TO 1.52500 RETEST & CONTINUATIONGood evening once again from the UK. The Euro against the cad has found some momentum after testing the lower upper trendily at the key level of 1.50800. With a shooting start forming on last weeks closures many rookie traders would of entered a short with a break of the trendline. With a weekly timeframe Gravestone dogi closure this indicated a clear opportunity for buyers to enter the market.with a bullish engulfing candle yet with todays hammer closure with have a daily key level (green block zone in which needs to be tested in the London session, we may find a slight retracement for a good entry on a lower timeframe looking for bulls. If we see a closure above 1.5200 we have our eyes set on 1.53500 as our next major key level of support.