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Thread: Eur/cad levels

  1. #1
    jonsmith is offline Senior Member
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    Default Eur/cad levels

    The primary trend of EUR/CAD is bullish on charts and price is sustaining above trend line after giving breakout in in its daily chart. In daily chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair.

    Resistance Level of 1.4675 and Support level of 1.4380
    If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
    EURCAD.jpg
    INDICATORS:-
    MACD is moving towards its neutral zone indicating the bullish trend in the pair.
    RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

    STRATEGY: One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.

  2. #2
    jonsmith is offline Senior Member
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    Default

    EURCAD LEVELS

    The primary trend of EUR/CAD is bullish on charts and price is trading above the trend line in its hourly chart. In hourly chart the price is sustaining above 50 day SMA and taking support of 200 day SMA indicating uptrend of the pair.
    Resistance level of 1.5300 and Support level of 1.5150
    If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
    EURCAD.jpg
    INDICATORS:-
    RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

    STRATEGY: EUR/CAD is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.

  3. #3
    jonsmith is offline Senior Member
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    Default

    TODAYS LEVELS
    The secondary trend of EUR/CAD is bearish on charts and price is trading above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair.
    Resistance level of 1.5605 and Support level of 1.5410
    If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
    EURCAD.jpg
    INDICATORS:-
    RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

    STRATEGY: EUR/CAD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

  4. #4
    jonsmith is offline Senior Member
    Join Date
    Sep 2015
    Posts
    100

    Default

    EUR/CAD BEARISH TODAY

    The primary trend of EUR/CAD is bearish on charts and price is trading below the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA on the downside indicating downtrend of the pair.
    Resistance level of 1.4331 and Support level of 1.4218
    If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
    EURCAD.jpg
    INDICATORS:-
    MACD is sustaining in its negative territory indicating the bearish trend in the pair.
    RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

    STRATEGY: EUR/CAD is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

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