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EURCAD may trade downside till it reaches the trendline

ijayakumar Posted 15 Nov. as Analysis on EUR/CAD, Target: 1.3910, Date: 1 von January, 12:00 GMT  in #Technical analysis #EUR/CAD #Eurcad #Trendlines
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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3 Kommentar
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ijayakumar 20 Nov.

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 Dec.

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

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ijayakumar 17 Dec.

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

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EURCAD may break the short term down trend soon

ijayakumar Veröffentlicht 9 Nov.  in #Trader's blog #Eurcad
Euro currency has largely affected by it's own economic situation lately and it is expected to pull back soon and make some upward move over it's pairs. Canada has formed a nice downtrend off late with Euro and I expect that it will be broken soon upside. Please find my analysis on 4HR chart,
As this pair shows nice contraction in price movement, we can expect a upside breakout soon and take a bullish move. It is better to enter the trade at 1.4375 for a bullish move.
Happy trading!
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EURCAD to trade sideways

ijayakumar Posted 12 Oct. as Analysis on EUR/CAD, Target: 1.4820, Date: 1 von December, 12:00 GMT  in #Technical analysis #Price Action #Pattern #EUR/CAD #Eurcad #Candlesticks
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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3 Kommentar
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ijayakumar 19 Oct.

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

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ijayakumar 11 Nov.

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 Nov.

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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