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EUR/CAD Analysis Weekly And Monthly Chart

Weekly chart, the three moving averages EMA21,55,89 are grouped very close. Indicator RSI is just below the 50 level. It may also be noted figure formed channel and price in the middle. I expect a further decline down to the trend line of the channel, but it will run very slowly as before.
Also, I would add that it has formed a figure head and shoulders on the weekly time frame.
Monthly chart, formed a triangle figure and price broke down below. It also confirms that the trend continues down t…
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ivanbgd 20 Out

2. comment:                        Today, the price close to the target level and without significant movement. I expect further stagnation in the coming days for this currency pair.

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ivanbgd 21 Out

3. comment:                    The Canadian dollar weakened this week and pulled EUR / CAD up above taget level. I expect that next week the price trend of down. On the H4 time frame RSI is above the 50 level, but on a daily time frame under 50 level. The main trend is still down.

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ivanbgd 22 Out

4. comment                Last candle at the weekly time frame closed long, however, was not enough to overtake the top of the previous neeljna candle. I believe that next week will be marked by short trend and it fits close to the target level.

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ivanbgd 24 Out

5. comment:            For several days the price above the target level and the last candle closed long, however, the RSI indicator is still around 45 level or below the 50 level. This indicates that the main trend down, but the price still has a chance to touch the target level. I expect this event in the coming days.

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ivanbgd 25 Out

6. comment :      Not this day failed to push prices down, back closer to the target level. Trend principal is still down, but weak trend slowed up is current. RSI is around 47 level and 50 level could have a resistance force.

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Sell sntiment for EUR/CAD

The currency pair EUR / CAD feels support from Fibonacci expansion set on a monthly time frame. Therefore, several candles closed in buy preceding weeks. What to expect next period? Price will still make an effort to break through the strong support level at 23.6%. I do not expect it will easily pass this level, and I drew a line on the expected trajectory day timeframe. At month chart ADX = 25 but declining. Daily chart shows RSI divergence and price is headed down a new attempt to break a stro…
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peachynicnic avatar

I hold both EUR and CAD !!

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ivanbgd 12 Set

1.comment:      Price of goes in the right direction and directly below the target level is currently. I expect a continuation of the up coming days.

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ivanbgd 20 Set

2.comment:      Price is escaped, and was an ideal situation and very close to the target level. I can not expect to come back the next day. That's all

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ivanbgd 23 Set

3.comment:    Price on their way up obstructions figure channel on the daily time frame, and if you break the daily candle closes above, it is possible to expect continuation of the trend up.

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Support to fibonacci level

Daily time frame, the ADX indicator jeposle falling on the rise and 43 which is very high but points to a continuation of the earlier long trend. Price is currently broke Fibonacci level and is located immediately below, that may mean moving further to 38.2 and then resume the main trend that can be seen on the moon chart, above. In the 38.2 Fibonacci level, there is smma34 support level, it only confirms this support. On the weekly chart, I ADX You do not believe that it will fall below 25, and…
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Formed figure triangle on the daily time frame

On the weekly chart it can be noted that the figures previously broken channel up and prices currently goes way down. Adxi inikator the weekly time frame is very high -43, and the red indicator is currently in decline, which indicates that the short trend. Here's some overlap with the target level: 23.6 Fibonacci level coincides with the target level, sma34 weeks also. The daily time frame can be seen figure triangle and price is currently within it. The next day will inevitably come to a breaki…
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ivanbgd 26 Maio

1.comment :    Price EUR / CAD reached the target and went a little lower. Soon encountered below the support of figures channel. I hope restoring prices on the way back up. here is currently 23.6 of the Fibonacci expansion level on a monthly chart. If you break this level it is possible to move even down to the 38.2% level.

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ivanbgd 8 Jun

2.comment:  Price target is reached, however strongly influenced by support level inikator sup ​​/ dem on a daily time frame, moved the way up. I hope it will not last long and it will again continue down the path. The next days will be interesting for this currency pair.

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ivanbgd 9 Jun

3.comment:    Price is located within the channel below the figure, which was formed on the daily time frame and is very close to the resistance level, and I expect a reaction to this resistance and powerfully moving down. Trend is still very znazan ADX is declining.

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ivanbgd 15 Jun

4.comment:    Daily chart looks like this: price last two candles suggests a trend change for the worse. This gives the possibility of coming closer to the target price level. Target had previously already been reached. The next days will be interesting for this currency pair.

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Price is too high

This currency pair has achieved all recorder in growth rates, and I think the time has come to change the trend. On a monthly time we see You under RSI indicator which is greater than 70, the ADX is approaching level 25 and therefore the effect must have a strong resistance and return rates for at least 2 months. Also, on a monthly time You under shows that prices in January broke a strong resistance fibonacci expansion 61.8. Fibonacci expansion is a characteristic that resistance seems to lag, …
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ivanbgd 10 Abr

First comment: This currency pair has completed more than half his time to the target, and continues on. In this way we see that it is broken up channel that can be seen on the daily time frame. Price is now moving up, but it will not last long because of expected resistance level broken up channels. The whole picture will be clearer in a few days.

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ivanbgd 12 Abr

2.comment:    on the daily time frame here is formed figure figure channel up and prices percent it broke, I went back to the same channel, but it is now resistance level. I expect the next few days continued movement toward these prices down to the target level. During the following days the picture will be clearer and seeing how this resistance is strong.

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ivanbgd 24 Abr

3. comment :        The last three weeks the price goes up slightly and polednje the coming weeks to nekrece, it can initiate the continuation of trend down. If we look at the daily chart, clearly sees the figure above that the channel is broken support, and now the price returned back to the same resistance level, and in this zone is stagnating. I hope that next week will be a clearer picture, and that prices will continue on its way down.

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ivanbgd 29 Abr

4. comment:      On the daily time frame price has finally broken through strong support level of figure channel up, and went down. My assessment is that the price can go down more than 200 pips following day. Tomorrow will be a clearer picture.

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EUR/CAD

RESISTENCE ON LEVEL FIBONACCI EXP 100% MONTH CHARTrc="//www.dukascopy.com/imageserver/img/a0e9ec8fc170a825d35941cd11ebdfe2/500_2/image919.jpg" align="left"
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alincik 10 Ago

I can see the level fibonacci very clearly and I am wonder is the best level possible or could go up :/

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