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EURCAD 1H Channel Formation

Jignesh Posted 1 Set  in #Trader's blog #Channel #Eurcad
EURCAD has been largely sideways within a channel in the 1 Hour TF.
Looking for breakouts in either direction to offer some clue as to what's next in store for the Euro.
The daily EURUSD shows a wave structure that supports another leg higher towards 1.18, this chart may provide clues as to when to enter in on that trade. An upside break here in the next couple of days can signal that the lows in EURUSD have already occurred, a rejection from the top here will signal a move lower in the EURUSD a…
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EURO Sentiment - EURCAD vs EURUSD

Jignesh Posted 15 Ott  in #Trader's blog #Eurusd #Eurcad
The EURUSD is trading exactly at around a mid point where several arguments can be made for a bullish scenario, and several for a bearish scenario.
But from a bullish perspective it's certainly worth looking at going long EURCAD over EURUSD.
The pair has just broken through a channel on the daily chart as well as a smaller channel on 4H. On top of that it has been struggling to make a new low since early Sept at a key fib level.
Personally, I was long the pair several weeks ago, and eventually c…
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VictoriaVika 15 Ott

Good luck to you, Jignesh!

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Commodities general outlook

Jignesh Posted 6 Lug  in #Trader's blog #Audusd #Euraud #Nzdusd #Usdcad #Eurcad #Nzdchf
To start this week off, we can expect to see some movement in the commodity currencies.
Monday is a heavy data day for the currency segment as we have CAD, AUD and NZD data releases. Often we see CAD data near the end of the week and AUD, NZD near the beginning.
My general outlook is that we should be expecting one more leg of strength in these currencies.
The EURCAD offering the clearest structure, is showing critical support levels slightly below current trading levels, where the USDCAD is al…
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