Thread: Eur/Cad
Dear,Recent selloff calls for a review of our preferred count and suggests the major rise from 1.2557 (2000 low) has ended at 1.7509 as circle wave B (please refer to larger degree wave count below) and circle wave C is now in progress which should extend to 1.3289.although the trend h4 in the opposite trend d1, we just follow the trend in h4, because canlde formed clearly UP and has appeared a green marbels. and I put a BUY LIMIT at 1.3938 (SMA5 Low H4).
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ba33 (2018-11-24), danish555 (2018-11-23), lover222 (2018-11-23), SA148P (2018-11-30), Shahzada148p (2018-11-27)
Daily overview for EurCad
The price is finding the first support at 1.5037 and the next support is at 1.5004 The price is finding the first resistance at 1.5057 and the next resistance is at 1.5046
--- Trading recommendations for today : Open Buy ---
I predict price will be continued flying today. The first target is the level 1.5104 After fixing below the first target, then price will go to the level of 1.5144 will become the next one.
we need looking fundamental news to get clear signal, don’t be overconfidence in our trading. this market is very dangerous for us. Keep apply our trading rules.
Standart Pivot Point - Support – Resistance :
Resistent1 : 1.5057
Resistent2 : 1.5064
Resistent3 : 1.5077
Pivot : 1.5044
Support 1 : 1.5037
Support 2 : 1.5004
Support 3 : 1.5017
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
ba33 (2018-11-24), danish555 (2018-11-23), FA148P (2018-11-28), ismar (2018-11-24), lover222 (2018-11-23), PAK786 (2018-11-28), Qasim14 (2018-11-23), Shahzada148p (2018-11-27), sridevi (2018-11-23), yulbang111 (2018-11-24)
Last to last week eurcad kafi strongly uptrend me chal raah tha
lekin last kuch dino se iska downtrend start hua jo ki isse kaafi neeche tak leke aaya tha
Isne kafi support break kiye aur lagatar neeche girta raha..filhal ye 1.3740 ke pas hai ayr yaha pe iska 1 support bhi hai..mere khayal se yaha pe aake ye thdoa stable ho
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
agree with you, my friend, about buying the EUR / CAD pair
On the four hour frame the pair broke a strong resistance line and re-tested it yesterday and is now starting to climb again from it
So I expect the pair to continue in the uptrend for some time and target the next resistance line 1.5165
good luck
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ba33 (2018-11-24), Shahzada148p (2018-11-27)
On our EURCAD pair today we can see that the price is taking a upward direction and that�s due to the blue dots below the candles if the price kept its position higher than the strong support 1.3788 which happens to be a weekly pivot level then I can assume that price would be taking a north direction till it reaches the weekly pivot resistance 1.4149 .
On the other hand if the price penetrated the support at the level 1.3788 and red dots appeared indicating bearish signals then I can assume that the price will be taking a south direction till it reaches the support of the level 1.3665 of the next Pivot level.
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in the H1 time frame the macd indicator is giving us long signal but cci and stoch are showing over bought. in the chart the price is also hold at the support 1.2965 and start to move up side but it may be rejected from the 1.3025. we can short this pair if the price close below the 1.3010 with the target at 1.2965
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Elliott: flat correction up 1.2750
Current rise should end around 1.2720. Objectives of this downmove are 1.2647 or 1.2607. A rise above 1.2754 is again bullish.
Technical points
Key point 1.2702
Entry point 1.2681
Elliott 1.2576
Closing 1.2687
Projection 1.2719
Trendline 1.2643
Trendline 1.2679
Supports / Resistances
Res 2 1.2754
Ex-High 1.2714
Res 1 1.2720
Pivot 1.2680
Sup 1 1.2647
Ex-Low 1.2640
Sup 2 1.2607
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
On our EURCAD pair today we can see that the price is taking a upward direction and that�s due to the blue dots below the candles if the price kept its position higher than the strong support 1.3788 which happens to be a weekly pivot level then I can assume that price would be taking a north direction till it reaches the weekly pivot resistance 1.4149 .
On the other hand if the price penetrated the support at the level 1.3788 and red dots appeared indicating bearish signals then I can assume that the price will be taking a south direction till it reaches the support of the level 1.3665 of the next Pivot level.
.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
in the H1 time frame the macd indicator is giving us long signal but cci and stoch are showing over bought. in the chart the price is also hold at the support 1.2965 and start to move up side but it may be rejected from the 1.3025. we can short this pair if the price close below the 1.3010 with the target at 1.2965
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Now the euro is observed good growth, we see that the candles on top of the larger, and rollbacks are not as big and the price is not time to roll back below .. and it turns out this trend steps ... so that is expected next week and can continue to grow with more volume and faster ... Goal 1. 2760 ...
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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