Eurcadtrade
Euro/Canadian: EURCAD: ForecastHi,
I have analysed the EURCAD, current price came from the Triple Top, as it was on implusive phase, now the price is in large corretion, inside the large correction there is sell pattern with two touch already been played out, now i am waiting for the third touch on the trendline then wait for SELL confirmations like Engulfing candle, evening star and candle rejection
This is the H4 TFM
this is just my opinion.
Kind regards
EURCAD hitting Support?Hello Traders,
Bullish Divergence has formed on the EURCAD 8H MACD/Price Chart and the price may begin to rise. The pair is bouncing of a recent support formed around 1.5050 and RSI is also being rejected at a recent support.
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*The above is not investment advice but simply my analysis of the current market conditions*
EURCAD at a key level of supportLooking at the weekly timeframe we see after pushing to the upside and closing back above 1.5060, EURCAD has been holding at this zone for weeks.
Last week EURCAD had a strong bullish rally back up to 1.538 before falling back down to 1.5060. If structure can hold at this zone we can look for price to push back to the upside, retesting the 1.5532 zone.
If you have any questions please feel free to comment below.
EUR/CAD SHORT [Technical Analysis] 15-MAY-2020It's around 7 hours to the close of the market week. And I say we go short on the Euro/Canadian Dollar Pair. We might see prices going to as low as 1.5187 from the current 1.5257. With Zero consolidation in between. The Bears seem to be going for the home run.
If we take this trade, the Risk/Reward = 1.9 or thereabouts.
EURCAD short-sell daily EURCAD short-sell daily timeframe overbought rsi, bb and demarker in weekly
1.52 price respected resistance 2017 yearly and 1.42 support support 2017 yearly
1.40 price possible for take-profit until next week economic calendar euro weak release and cad strong release
Moving averages, macd, macz-vwap and rsi ema crossing for short
Strength momentum indicator strong cad m5-d1 weak for eur m5-m15 chance until hourly
Alot of economic calendar release & news would be released next week expect for volatility
Pattern stage 3 profit taking for EURCAD stage 1&2 already complete