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Eur/Cad
The chart shows that it produced a bearish engulfing candle at the level of 1.4750. It then made a breakout at the level of 1.4650 and had a bounce at the level of 1.4600. It has been heading towards the North. The way it has been going, it may produce a bearish reversal candle at the level of 1.4650. If the level ends up creating a bearish engulfing candle closing below the level of 1.4600, the sellers may drive the price towards the level of 1.4450.
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.
Pivot, Resistance Levels and Support Levels for
EUR / CAD For Stop Loss and Trading Targets
Calculation For Trading:
Resistance Level (R3): 1.474
Resistance Level (R2): 1.471
Resistance Level (R1): 1.470
Pivot Point: 1.467
Support Level (S1): 1.465
Support Level (S2): 1.462
Support Level (S3): 1.461
EUR/CAD - currency Trade pair.
Today forex signal - Buy
Support 3 - Support 2 - Support 1.
1.4676 - 1.4688 - 1.4700
Resistance 1 - Resistance 2 - Resistance 3.
1.4723 - 1.4734 - 1.4746
Time frame that is considered while making support and resistance levels - Daily and weekly Time frame
Consider the daily economic news before taking the trade.
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
EUR/CAD is the abbreviation for the Euro and Canadian Dollar pair. It shows how much the EUR (base currency) is worth as measured against the CAD (counter currency). For example, EUR/CAD = 1.4464 indicates that one Euro can buy 1.4464 Canadian Dollars.
Eur/Cad
Resistance level
1.Resistance level 1.4872
2.Resistance level 1.4881
3.Resistance level 1.4887
Supporting level
1.Supporting level 1.4763
2.Supporting level 1.4681
3.Supporting level 1.4554
EURCAD Trend is buy
1 Resistance is: 1.4867
2 Resistance is: 1.4765
3 Resistance is: 1.4701
1 Supporting is: 1.4653
2 Supporting is: 1.4599
3 Supporting is: 1.4547
Today market trend Bullish,price action, I could see that it was a corrective pattern, not impulse. So I re-count the wave from bottom in related with AUDCAD and know that it's forming a double three/triple zigzag corrective pattern.
,invalidation level still valid, as wave e of the triangle should not breach wave "c" low according to Elliot Wave principle. Price action can only be delayed, but the bullish rally is so imminent!.
Eurcad
euro / canadian dollar
1.46864
cad
+0.00200 (+0.14%)
market open (dec 13 09:58 utc-5)
1.46664
prev
1.46664
open
184.783k
volume
1.46664 — 1.47448