EURCAD Technical Analysis

Posts: 324 · #16 - February 15, 2019, 02:45:26 AM

The opening price is above the 1.4996 pivot which indicates an uptrend.
The MACD histogram is above the zero level.
Indicator Parabolic SAR (step 0.02, max 0.2) indicates the price is going up.

Trading recommendations: Buy.
TP: At the resistance level.
SL: One level below the entry point.

Posts: 115 · #17 - February 15, 2019, 03:33:46 PM

EURCAD - as i wrote earlier this week it could reach 1.49300-400 and bounce and it happened . Now the same zone is support for now , if the market will close below this zone we could see the price at 1.47- 1.47500

Posts: 172 · #18 - February 20, 2019, 05:41:06 AM

under the daily pivot 1.4988.
The small MA is below the MA the price is between the two MAs.
The price forecast will be bearish, but retrace will occur first with the initial Support target 1.
Possible to penetrate up to Support 2.

Posts: 104 · #19 - February 23, 2019, 02:26:13 PM

Quote from: trytrader33 on February 10, 2019, 04:33:46 PM

EURCAD Formation Falling wedge Patterns

support 1 = 1.49980
support 2 = 1.49580
support 3 = 1.49050

wait n see,...

EUR / CAD is approaching its resistance at 1.5024 (100% Fibonacci extension, 76.4% Fibonacci retracement, high horizontal swing resistance) where it is expected to decline towards support at 1.4978 (50% Fibonacci retracement, support horizontal pullback). Stochastic (55, 5, 3) is close to 96% resistance where the corresponding reversal is estimated. EUR / CAD is approaching the resistance where we expect to see a pullback. Sell below 1.5024. Stop loss at 1.5063. Take profit at 1.4978.

Posts: 454 · #20 - April 28, 2020, 05:53:32 PM

At the moment EURCAD monthly is in my opinion a long correction, because last month's candlestick is bullish, and the weekly gap has been closed for daily we can see horinzontal at 1.44972 there is a demand nearby we will focus on waiting there to buy and we can take advantage of a small correction on tf h4 and h1 to continue the downtrend

Posts: 364 · #21 - May 04, 2020, 10:54:09 AM

Daily MA5 on eurcad pair is still bearish so our focus is to sell it at the following price levels 1.537xx, 1.543xx, 1.552xx

Posts: 339 · #22 - May 11, 2020, 12:35:07 PM

For the eurcad pair, the area is still below BB20, which means we will focus on selling at 1.51388 because the price is facing downwards, but we must also pay attention to the candle pattern

Posts: 252 · #23 - May 11, 2020, 06:06:39 PM

At the moment on the European pair the price is still above the MA20 and RSI is still showing above, wait until it touches the new overbought we will sell around the price of 1.51538

Posts: 527 · #24 - May 12, 2020, 08:16:03 PM

Eurcad is now going to drop a little longer, it will soon touch the small TF supply level at 1.52700, indeed the pair is time to go down, but do not immediately open sell, see the price action that occurs, wait for the nearest break support

Posts: 527 · #25 - May 15, 2020, 01:06:24 PM

Eurcad pair will likely still go down but at present it has not reached the nearest supply in the small tf of m15 we will wait there in the price area of 1.52631 and we will sell in that area and probably will go up first if we want don't forget to use stop loss

Posts: 339 · #26 - May 18, 2020, 12:04:40 AM

Bollinger bands in the EURCAD pair are still trending up and we will still focus on selling at prices around 1.5290 - 1.5300 because in that area we will continue the downward trend and follow the big trend.

Posts: 367 · #27 - May 19, 2020, 05:24:50 PM

EURCAD in H4 looks still above which means dominant is up but parabolic indicates the price is down so our focus is down and the price has broken the trendline we are waiting for a correction in the m15 timeframe in the area of 50% Fibonacci with a target at the price 1.50712 on the M30 timeframe

Posts: 454 · #28 - May 20, 2020, 05:00:45 PM

Eurcad on tf h4 is still above the moving averages of 20 and 50 but is likely to go down towards support. On tf m30 and m15 we will focus on selling and don't sell immediately wait at the price of 1.5270 we will set a target at the break trendline below adjust the lot and keep the MM

Posts: 367 · #29 - May 24, 2020, 08:39:33 PM

EURCAD in H1 looks still below which means dominant is down but parabolic indicates the price is rising so our focus is down we are waiting for a correction on the m15 timeframe in the area of 1.5247 with a target at the price of 1.5347 on the M30 timeframe don't forget to install stop loss

Posts: 367 · #30 - May 26, 2020, 05:55:51 AM

EURCAD in H1 looks still below which means dominant is down but parabolic indicates the price is rising so our focus is down we are waiting for a correction in the m15 timeframe in the area of 1.5227 with a target at the price of 1.5370 on the M30 timeframe don't forget to install stop loss