Community
Blog
ijayakumar's Blog

ijayakumar's Blog

Avatar

EURCAD may trade downside till it reaches the trendline

ijayakumar Posted 15 Nov. as Analysis on EUR/CAD, Target: 1.3910, Date: 1st of 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…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

3 Comments
ijayakumar avatar
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.

ijayakumar avatar
ijayakumar 11 Dec.

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

ijayakumar avatar
ijayakumar 17 Dec.

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

orto leave comments
Avatar

EURCAD may break the short term down trend soon

ijayakumar Posted 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!
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

1 Comments
orto leave comments
Avatar

EURCAD to trade sideways

ijayakumar Posted 12 Oct. as Analysis on EUR/CAD, Target: 1.4820, Date: 1st of 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…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

3 Comments
ijayakumar avatar
ijayakumar 19 Oct.

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

ijayakumar avatar
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!

ijayakumar avatar
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!

orto leave comments