Eur/Cad

Eur/Cad > BEARISH

PIVOT POINT > 1.4505

S1 > 1.4491

S2 > 1.4482

S3 > 1.4467

R1 > 1.4519

R2 > 1.4528

R3 > 1.4542

EURCAD Today Market Trend Is Buy


Resistance 1.4551
Resistance 1.4573
Resistance 1.4595

Supporting 1.4497
Supporting 1.4477
Supporting 1.4463

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.

Euro / canadian dollar
eurcad

1.44729
cad
−0.00295 (−0.20%)
market open (jan 08 00:05 utc-5)
1.45024
prev
1.45024
open
68.202k
volume
1.44713 — 1.45196
day's range

In our last EUR/USD rate forecast update, it was noted that “EUR/USD would be looking for a return towards the prior range high near 1.1110. A move above this level would suggest that a meaningful bottom has been found in EUR/USD rates.” Such a move transpired this week, with EUR/USD hitting a high of 1.1200 on December 13 after breaking above the descending trendline from the June, July, and September highs.

Yet not all is sanguine. EUR/USD rates are above the daily 8-, 13-, and 21-EMA envelope, but the daily candle is forming a bearish outside engulfing bar after briefly breaching the October and November swing highs near 1.1180. Daily MACD continues to extend above its median line, while Slow Stochastics are still in overbought territory. For now, the daily 5-EMA is near-term bullish momentum support for EUR/USD rates – a near-term top could be in focus.

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.

HI

In our last EUR/USD rate forecast update, it was noted that “EUR/USD would be looking for a return towards the prior range high near 1.1110. A move above this level would suggest that a meaningful bottom has been found in EUR/USD rates.” Such a move transpired this week, with EUR/USD hitting a high of 1.1200 on December 13 after breaking above the descending trendline from the June, July, and September highs.

Yet not all is sanguine. EUR/USD rates are above the daily 8-, 13-, and 21-EMA envelope, but the daily candle is forming a bearish outside engulfing bar after briefly breaching the October and November swing highs near 1.1180. Daily MACD continues to extend above its median line, while Slow Stochastics are still in overbought territory. For now, the daily 5-EMA is near-term bullish momentum support for EUR/USD rates – a near-term top could be in focus.

Dear friends
Daily market technical analysis trend buy
According to some best indicator like
Bollinger band
RSI
Zigzag
Market is going to up position if you like and gain good profit open buy order and gain good and huge profit I thing keep in mind use money manage and always use stop loss and take profit. If u lost in there plz try again and take good profit.

EUR/CAD produced two spinning tops on the daily chart consecutively. Today's price action on the H1 chart has been choppy. The price after having the last bounce gathered some bullish momentum and headed towards the North where the price started its trading day. If the price keeps going towards the upside and makes a bullish breakout at yesterday's highest high, the buyers may go long on the pair to grab some green pips.

EURCAD Today Analysis

Market Trend BULLISH

Pivot Point 1.4535

S 1 >>>>> 1.4418

S 2 >>>>> 1.4332

S 3 >>>>> 1.4130

R 1 >>>>> 1.4620

R 2 >>>>> 1.4737

R 3 >>>>> 1.4939