Eur/Cad

Eur cad is going up and we can have a buy trade on this pair.

Support and resistance levels:-

S3 1.4944
S2 1.4962
S1 1.4968

R1 1.4986
R2 1.4997
R3 1.5015

EUR/CAD

Resistance and Supporting

Resistance 1 - 1.4913
Resistance 2 - 1.4922
Resistance 3 - 1.4929

Supporting 1 - 1.4909
Supporting 2 - 1.4897
Supporting 3 - 1.4883

I try to make analysis for eurcad pair today.
I see this pair still in strong bearish movement . If this pair can break the 1.4950 support level, I predict this pair will go down to the next support at 1.4900 But if this pair go up and break 1.5001 resistent level, I predict this pair will make some correction to the next resistent level at around 1.5051

Sell signal is indicated from the Simple Moving Average and Bollinger Bands indicator . I suggest to entry Sell with stoploss at 1.4985 and take profit at 1.4900
my advice .. don’t use high risk and please stop trading if the target has been reached, we should avoid greedy.

To-day eur/cad Resistance & Support

Resistance level
1 Resistance level 1.4966
2 Resistance level 1.4973
3 Resistance level 1.4992
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Support level
1 Support level 1.4954
2 Support level 1.4946
3 Support level 1.4938

The dollar's recent rally paused on Wednesday as hopes for a United States and Chin trade deal spurred demand for riskier currencies.
The greenback index's eight-day winning run came to an end overnight to push it away from a two-month peak.

The New Zealand dollar was the stand-out performer in early Wednesday trading, adding more than 1.5 percent after a less dovish than expected central bank announcement.
The trade dispute between the world's two biggest economies has hung over global markets since mid-2018, and any sign of a credible detente has tended to boost sentiment.

U.S President Donald Trump said on Tuesday that he could see letting the March 1 deadline for reaching a trade agreement with China "slide for a little while, " if he two sides were close to a complete deal.

Official in Washington and Beijing are having a round of talks this week to try and hammer out an agreement.
That together with a deal to avert another partial U.S government shutdown, sent equity markets soaring and supported riskier currencies.

Foley, however, noted that the euro/dollar exchange rate had remained stuck in a "choppy range" in recent months because of a fundamental deterioration in the economic outlook in both the U.S and the euro zone - uncertainty that could support more dollar upside.

" There is a to of evidence that global growth is slowing and a lot of evidence to be suspicious of an end to the U.S -China trade war, There will still be a long way to go," she added.
The dollar index rose 0.1 percent to 96.811, while against the euro it rose 0.1 percent to $1.1315.