The EURCAD has popped above 13714 to meet the Elliott channel. If this count is correct, then price needs to turn now. The reward/risk is heavily skewed to the downside. Stops on shorts should be above 13825.
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The EURCAD has popped above 13714 to meet the Elliott channel. If this count is correct, then price needs to turn now. The reward/risk is heavily skewed to the downside. Stops on shorts should be above 13825.
the pair is trading under the level of 1.4100, any way if the pair succeeded in breaking 1.4100 , it will continue in it's up movements heading to 1.4130 and then 1.4160
This cross has been largely bullish this week, but again, it’s the continuation of the bulls’ domination that could render the bearish outlook useless. Personally, I anticipate more weakness in the Euro – for its days of strength are being numbered.
the pair and as we can see from the chart has closed it's daily candle under the level of 1.4100 , so , that's mean the down trend is still standing and the pair is heading to 1.4030 then 1.4000
The rally from the July low is unfolding as an impulse (5 waves). The recent setback is most likely a small 4th wave. Price has bounced from near it’s the fourth wave of one less degree (13980) so a low may be in place. Expectations are for price to exceed 14236 and possibly even reach 14379 before the next 4th wave (one larger degree) begins.
the pair and as we can see from the chart has closed it's weekly candle under the level of 1.4100 , so , that's mean the down trend is still standing and the pair is heading to 1.4030 then 1.4000
If this resistance level does not hold up, the next level will come near the 1.3865 area. It is at this area that we could see a potential bearish reversal.
Today’ scalp revisits a EUR/CAD trade last week which played out quite favorably hitting all our levels including our extended break limit target. A relief rally in the euro over the past few sessions provides ideal entry points for further scalps to the downside
This cross has been largely bullish this week, but again, it’s the continuation of the bulls’ domination that could render the bearish outlook useless. Personally, I anticipate more weakness in the Euro – for its days of strength are being numbered.
The rally from the July low is unfolding as an impulse (5 waves). The recent setback is most likely a small 4th wave. Price has bounced from near it’s the fourth wave of one less degree (13980) so a low may be in place.