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Eurcadforecast

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
Long
by Trading-Swing-Pathways
EURCAD LONG Situation 15:15 NYT 15.3.2019Hello to all which follow my charts. Here The Situation in EUR CAD at the moment. For an easy look a the big picture i have used my renkocharts i am favourite from. So here we go: EUR CAD had had a sharp downtrend from beginning of 2019 At around 14.1.2019 the pair has build out a short channel which has lasted till 25.2.2019 From this day on EUR CAD has broke out form that short channel and since now we are in a LONG setup . Now we have a pull back which could be a nice chance for a new long position. Remember that if you would had beenn the first mover on outbreak the short channel your buy had been at around 1.5050 which is not so far away from todays trading if you do not daytrading here. ------------------------------------------------------------------------------------------------- --This information is not a recommendation to buy or sell. It is to be used for educational purposes only .Alllways do your own research---
Long
by Renkotrade
EUR/CAD: Bullish Momentum Pick's UpTechnical Analysis i) The lows at the end of May kissed the .236 fib level producing a substantially large wick, an indication that the bears are losing momentum. ii) This was followed by a strong Bullish Pin Bar which printed on the .5 fib level suggesting that the May lows (.236 fib level) had a strong potential to be a reversal for the short term. iii) We have failed to close above the .618 fib level as of yet, as a result I am slightly hesitant to bull the trigger on the long positions as this movement could be part of retracement which is why I have decided to be a bit more patient, and subsequently would be looking to short instead. Remember never get married to a position, be fluid like water! iv) Assuming that this latest leg was in fact a reversal and not a retracement I would be looking to take the long positions to the 1.60-1.62 region where I would slowly begin to ease into short positions. Both Moving Averages show a steady upside growth, while the 50 MA gradient has begun to steepen significantly. Furthermore, the divergence between the MACD and signal has begun to narrow implying we could have a cross over which would indicate a 'buy signal' for all the MACD trades, while the Histogram almost turns positive triggering further 'buy signals' for traders. Fundamental Analysis As a result of Donald Trumps trade way where tarrifs of 25 percent on steel and 10 percent on aluminium the aftermath of such decisions has hit Canada and the EU and other nations, alienainting companies like Harley-Davidson Inc. forcing them to shift production due to increased manufacturing costs, estimated at up to $100 million yearly. Evidently Trumps Tarrfis are having a knock on effect already in other countries as they are forced to encourage more protectionist policy inhibiting global trade and having a negative impact on markets. The Canadian goverment is now taking measures to prevent a flood of steel imports from global producers seeking to avoid the U.S. tariffs, including quotas on certain steel imports to prevent dumping, with tariffs applived above that threshold set to be in force from July 1st. Reluctantly, we saw the Canadian dollar weakened while shares in Stelco Holding Inc. one of the few publicly traded steel producers in Canada jumped as much as 2.5% soared.
Long
by MoneyBodySoul
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