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Results of analysis of the EURCAD pair using daily pivot point calculations :
I see this pair still in strong bullish movement . If this pair can resistance level at 1.5082 I predict this pair will go up to the next resistance level at 1.5130 But if this pair go down and break support level at 1.5031 I predict this pair will make some correction to the next support level at around 1.4979. Buy signal is indicated from the Simple Moving Average and Bollinger Bands indicator . I suggest to entry Buy with and take profit at 1.5132 and put StopLoss at 1.5045
This calculation is not a reference to create the opening position but merely an approximate calculation of the price movement. I am not responsible for any errors that occur because the only information from the previous calculation. my advice .. don’t use high risk and please stop trading if the target has been reached, we should avoid greedy.
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My Analysis Bullish EURCAD
Resistance 1 1.5058
Resistance 2 1.5072
Resistance 3 1.5084
Support 1 1.5036
Support 2 1.5023
Support 3 1.5012
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Till now the pair unable to breakout to the weekly resistance @1.4352.
so it is likly to falling down just to retest the trend line then Up movements will be expected after
brokeakout of the weekly resistance.
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Today I will discuss about EURCAD pair
Potential Resistance1 == 1.5080
Potential Resistance2 == 1.5099
Potential Resistance3 == 1.5118
Potential Support1 == 1.5034
Potential Support2 == 1.5013
Potential Support3 == 1.5030
I see the daily chart that indicate complete uptrend of this pair. Exponential Moving Average (5) 0.71003 : BULL, Simple Moving Average (5) 0.71032 : BULL, Exponential Moving Average (10) 0.70951 : BULL, Simple Moving Average (10) 0.70939 : BULL, Exponential Moving Average (20) 0.70962 BULL. my predict price will flying today. If you choose BUY position, then put a take profit at 1.5106 and stop loss at 1.5019. Please avoid using big lot for your trade because this business is very dangerous. anything can happened in forex market. good luck to your trading my friend and I hope you can make consistent profit everyday.
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EUR/CAD is SELL
pivot point;1.5069
Resistance and Supporting levels is :
Resistance level is
1> Resistance level is:1.5116
2> Resistance level is: 1.5182
3> Resistance level is: 1.5229
Supporting level is
1> Supporting level is: 1.5003
2> Supporting level is: 1.4956
3> Supporting level is: 1.4890
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eur cad pair has shown good sign of uptrend..
it has a strong resistance at 1.4000
If this pair crosses this value, then i think it will touch 1.4100 without any problem
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although the trend h4 in the opposite trend d1, we just follow the trend in h4, because canlde formed clearly UP and has appeared a green marbels. and I put a BUY LIMIT at 1.3938 (SMA5 Low H4).
simply plug one, because I am also still unsure of the trend is formed
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Eur/Cad
My trend is:sell
Resistance level is ,,,,,,
1, Resistance is : 1.5046
2, Resistance is :1.5059
3, Resistance is : 1.5073
Supporting level is,,,,,,,
1, Supporting is ;1.5020
2, Supporting is : 1.5008
3, Supporting is : 1.4987
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Eur/Cad is Sell
pivot point;1.5069
Resistance and Supporting levels is :
Resistance level is
1> Resistance level is:1.5116
2> Resistance level is: 1.5182
3> Resistance level is: 1.5229
Supporting level is
1> Supporting level is: 1.5003
2> Supporting level is: 1.4956
3> Supporting level is: 1.4890
