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Eurcadidea

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
EUR/CAD Looking For Longing Opportunity EURCADEURCAD reached a weekly and monthly major support level and retested the trendline after a strong impulse to the downside without any correction. We can expect growth from here before continuing the move to the downside or break of the bearish movement. This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by NCTrading
1
EUR/CAD Multi-Time frame analysisHi Traders EUR/CAD Multi-Timeframe analysis H1 Chart (Bearish) A medium probability, entry signal to go SHORT will be given after the completion of a bearish trend reversal on the lower time frame at 1.46867 after the market found resistance at 1.47157 . Only the upward break of 1.47157 would cancel the bearish scenario. Support & Resistance 1.46686 1.47146 1.46415 1.47270 1.45955 1.47431 H4 Chart (Bullish) The completion of a trend reversal formation at 1.47288 has forced us to close our position earlier than we had planned. Now we are looking for the next opportunity to enter the market. Support & Resistance 1.47410 1.47757 1.46415 1.47997 1.45810 1.48992 Daily Chart (Bearish) The completion of a trend reversal formation at 1.47607 has forced us to close our position earlier than we had planned. Now we are looking for the next opportunity to enter the market. Support & Resistance 1.47237 1.48156 1.45810 1.52092 1.44426 1.53833 Weekly Chart (Strong Up) Waiting for a retracement higher towards the 1.47237 resistance level in order to reinstate SHORT positions. Next important resistance is the 1.50518 level. Support & Resistance 1.45810 1.47237 1.44478 1.50518 1.42626 1.51914
Short
by ANGBlack