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Thread: EUR/CAD

  1. #1
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    EUR/CAD

    Thread for EUR/CAD discussion - latest news, technical analysis, forecasts and opinions.

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  2. #11
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    eurcadh1.png
    Yesterday was a strong bearisg and price of course act like it but here is good thing about that after price stall at around 1.3140 price re bound then after makes the raily bullish pattern and direction coming back , may be price will give some respect to the fibonaccis levels but making a fast recovery showing the bulls in strength

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  3. #12
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    Prices has neglect the daily pivot higher and going below the daily pivot around the 1.3227 , neglecting and not remaining above the DP already giving the signal bears is strong , 50 fib level previously got respect and yet 38 break so more likely market will get to the 23.6 fib levels

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  4. #13
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    We can see that trend line one is break and second is getting like the support one so here we can see the trend is not reverse means more likely bulls runs so we go long and if it just retrace we can obviously can have pend order below the the trendlines

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    The overall trend is bearish but currently we are wondering at very critical price the more eyes for selling is below the 1.3065 because no near support is there , but first it should be break , vice versa we have several time respected horizontal support so price may take more bounces upward

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    Market is just making the spinning tops , total tired not good movement we have since last many candles getting smaller , but seem like having resistance is floor of the 1.3667 and support by trend line , if market break any these level , movement in that direction can be expected

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    all price action is at the level of the 1.3741 , Euro don't want to leave this place since couple of days , , but if market able break this level then much buying of the euro can be seen , the overall trend is bulls

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  8. #17
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    Market has breach the level of the 23.6 fib level and now holding above of that one , market has strong resistsance within the area of 0 fib level , so more likely market would try to reach there and then fall down

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  9. #18
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    Market is wondering the level of the 1.3771 and 1.3805 and still moving in this area , whereas stoch is taking bounces from the level of the 51 , which means market trying to climb the 80-100 zone of stoch , need to break 1.3805 first

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  10. #19
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    market is resist by the trend lines and horizontal line as well , we can see that in our chart and key level for the trading is the 1.31812 because here market stall twice and bounce back so below of this we would stay short as much we could

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  11. #20
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    see the candle where down arrow appears , we can see that that the selling would be in action as inverted hammer and in up bars so more like support now turned into the resistance as long prices below this level selling is expected

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