Printable View
If a M15 close above 1.3700 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.3500 sell only and do not buy. If price closes back above it again do nothing
The range 1.3700 and 1.3700 is neutral area, any trade done in between is personal decision and not part of this analysis
The one-minute EURCAD chart above demonstrated immediate traders’ bullish reaction regarding to the euro five minutes after the Canadian leading indicator released. The currency pair rapidly jumped 40 pips from 1.3570 to nearly 1.3610
the pair and as we can see from the chart has closed it's daily candle under the level of 1.3900 , so , that's mean the down trend is still standing and the pair is heading to 1.3800 then 1.3770
If a M15 close above 1.3900 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.3800 sell only and do not buy. If price closes back above it again do nothing
The range 1.3900 and 1.3800 is neutral area, any trade done in between is personal decision and not part of this analysis
http://i51.tinypic.com/9tcqpv.gif
in the chart we can see 1.3908 - 1.3828 is strong support and resistance zone.
we can put order accourding to breaking zone.
if its break lower price zone it may be touch trend line if its break uper price then it will be up till 1.4000
as we can see on the chart , the pair is trading under the level of 1.3900 , any way if the pair succeeded in breaking 1.3900 , it will continue in it's up movements heading to 1.3935 and then 1.3970
If a M15 close above 1.3900 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.3850 sell only and do not buy. If price closes back above it again do nothing
The range 1.3900 and 1.3850 is neutral area, any trade done in between is personal decision and not part of this analysis
the pair and as we can see from the chart has closed it's daily candle under the level of 1.3900 , so , that's mean the down trend is still standing and the pair is heading to 1.3840 then 1.3800
yesterday I said that EURCAD could be ripe for a sell-off. Well, that was wrong. The market is selling off growth currencies like crazy this morning after the Fed’s Operation Twist sparked massive fear in investors’ as they weigh up the prospect of an even more severe contraction in growth than expected.
Last week, I said that the bullish outlook was seriously violated on this cross. Yes, the bulls were rendered powerless – the price fell by over 600 pips before finding a good support at 1.3460. There’s been a minor rally since then.