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EURCAD may trade downside till it reaches the trendline

EURO is weakening heavily over it's own internal economy and December easing expectation and possible easing over Interest rates. On the other hand Canada is slowly recovering from it's short recession two months ago. Please find the chart analysis,
Monthly chart:
- This pair shows contraction in price movement which suggests that bull run is expected to be on strong hold until a breakout happens without a doji.
- Recent price action also shows the weakness over the virtual trend line and sudden…
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ijayakumar 20 Нояб.

As forecasted, Euro is weakening further and Canada is starting to strengthen. If current situation persists, then this pair go even below than the expected value. A pullback is expected in near time to make this forecast live.

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ijayakumar 11 Дек.

This widening extremely because of oil dip and ECB's stop on more easing. Lets wait for FOMC!

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ijayakumar 17 Дек.

Hawkish move from Euro and Canada's worry over oil has widen the gap too long!

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EURCAD to trade sideways

EURCAD is trading with strong Support and Resistance level and it is expected to continue, as both the country economic situations are similar. Please find the chart analysis,
Weekly chart:

- This pair has strong support and resistance as the price action also suggests the same
- It is expected to continue forming a range trading within this drawn support and resistance level
Daily Chart:

- Daily charts also predicts the same with several decline on support and resistance level
- It creates a…
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ijayakumar 19 Окт.

So far, the price movement is within the expected range!

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ijayakumar 11 Нояб.

Because of continuous dovishness from EURO, this pair has gone down more than the expectation. But again, a long await bullish pull back move is pending from Euro which may help my prediction to achieve it's target!

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ijayakumar 20 Нояб.

Prolonged dovishness from EURO making the technical expectation failure. This pair doesn't seem to be coming above 1.45 range in any near time!

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