The pair has been quite volatile, trading mostly to the downside in July, as the Euro-zone sovereign debt worries weighed heavier on the pair than did the collateral effect on the Loonie as a result over concerns of the U.S. debt crisis
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The pair has been quite volatile, trading mostly to the downside in July, as the Euro-zone sovereign debt worries weighed heavier on the pair than did the collateral effect on the Loonie as a result over concerns of the U.S. debt crisis
the pair has stated it's trading week above the level of 1.4200 and that's mean that the up trend is expected this week and the pair might head to 1.4300 and then 1.4350
If a M15 close above 1.4200 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.4300 sell only and do not buy. If price closes back above it again do nothing
The range 1.4200 and 1.4300 is neutral area, any trade done in between is personal decision and not part of this analysis
The EUR/CAD is seen in 4H chart flattening after a bullish market. It is now in a ranging market with resistance at 1.4240 and support at 1.40.
Pair still looking bullish as the most recent price action appears corrective around the top, likely a fourth wave triangle from where bullish break should occur in the near term, and send pair towards 1.44/45.
the pair and as we can see from the chart is trading under level 1.4200 , so , that's mean the down trend is still standing and the pair might head to 1.4180 and then 1.4150 how ever the pair made any hourly correction
the chart is showing that the pair has succeeded in closing it's daily candle above level 1.4200 , and that's mean the up trend is still standing and the pair might head to 1.4250 and then 1.4270
If a M15 close above 1.4300 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.4350 sell only and do not buy. If price closes back above it again do nothing
The range 1.4300 and 1.4350 is neutral area, any trade done in between is personal decision and not part of this analysis
we can see that the pair has failed in breaking 1.4300 and bounced from it , so that's mean the down trend is expected and the pair might head to 1.4200 and then 1.4170
This cross has been ranging for most of this week. I may need to buy a pullback of the price, especially if the support at 1.4000 holds. Otherwise there may be a need to sell a downside breakout below that level