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Intraday trade:
If a M15 close above 1.3798 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.3765 sell only and do not buy. If price closes back above it again do nothing
The range 1.3798 and 1.3765 is neutral area, any trade done in between is personal decision and not part of this analysis
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Primary trend: Bearish
The pair is trying to edge its way upwards now, though the overall trend remains bearish. The price would need to break the price level at 1.3700 for this assumption to be true. I’m still anticipating more weakness in the Loonie.
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the pair and as we can see from the chart is trading now above the level of 1.3700 , so when ever the pair success in breaking 1.3700 , that's mean the down trend will be assured and the pair might head to 1.3670 and then 1.3640
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Price is currently at 1.3831, and is in the area between the BB to BB W SD W SD +2 +1.
if so will prices rising, the next observation points are at:
1.) BB W +3 SD 1.3913
even if the price is DECREASING onwards, the dots are on the next observation:
1.) BB W +1 SD 1.3758
2.) BB M +1 elementary or high school 1.3706 1.3681 Weekly
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the pair has closed it's daily candle above 1.3800 . so , that's means that up trend is expected and the pair might head to 1.3840 and then 1.3870 ,but also the hourly correction is expected before continue in the up trend
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EURCAD broke the down trend but there is still a resistance on 55 SMA... I think we can buy if a daily candle formed above 55 SMA
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the pair and as we can see from the chart is trading now above the level of 1.3800 , so when ever the pair success in breaking 1.3800 , that's mean the down trend will be assured and the pair might head to 1.3770 and then 1.3740
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The pair is trying to edge its way upwards now, though the overall trend remains bearish. The price would need to break the price level at 1.3700 for this assumption to be true. I’m still anticipating more weakness in the Loonie.
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The EUR/CAD presents short-term scalpers with an opportunity as the pair ranges between an encompassing symmetrical wedge formation. With daily relative strength holding mid-range at 43.8, the pair lacks coherent direction or momentum, providing traders with a range-bound setup
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The EURCAD has blasted through trendline resistance…the underside of the ... Like the EURCAD, a pop above 13686 would probably lead to a deeper setback