This pair already created new high in h1 chart, so i think bullish will be continue untill meet the resistance 1. In case the price can breakdown lowest swing 1.2966 then trend will be reverse into bearish.
This pair already created new high in h1 chart, so i think bullish will be continue untill meet the resistance 1. In case the price can breakdown lowest swing 1.2966 then trend will be reverse into bearish.
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As you see in the following attached chart, the strong daily up-trend line has been broken but the pair faced strong support level @ 1.2972, so it is expected to go up till 1.3228 (Stochastic support the bullish expected).
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This pair back into uptrend channel so it would be better to buy on this pair with target at 1.3033 and stop lost @1.2970 for short term trade today. In case the price can breakdown 1.2970 then bearish will be potential to come back.
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Eur/cad analysis for 03.28.2013 by using pivot indicator.
r3: 1.3173
r2: 1.3127
r1: 1.3057
pivot: 1.3011
s1: 1.2941
s2: 1.2895
s3: 1.2825
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Sadi (2020-02-21)
The Currency Analyze for EURCAD On H1 is down, confirmed by price under 1.3288 and under MA 200 is for short area
Today SNR of EURCAD
R3 : 1.3171
R2 : 1.3126
R1 : 1.3056
PV : 1.3011
S1 : 1.2941
S2 : 1.2896
S3 : 1.2826
MA(200) 1.3183
Next target maybe hit S1 1.2941
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Sadi (2020-02-21)
Eur/cad technical analysis by using moving averages.
date : 03.28.2013
time : 0730 GMT
time frame : 15 min
sma200 : 1.3047 signal- sell.
sma100 : 1.3002 signal- buy.
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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
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.
Sadi (2020-02-21)
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.
Sadi (2020-02-21)
Analysis of the pair on the 4 hours chart
I see the pair above 23.6 Fibonacci I see that the pair climb to the 1.3120 level
Indicators tend to rise and I would recommend buying from 1.3166 and target 44 points
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.
Sadi (2020-02-21)
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