Tag: EURCAD Analysis

EURCAD – Trading at an important level

The EURCAD is trading in a short term range, around a LT level. We don’t know yet what the EURCAD will do in the next few hours/days, we need to wait for a breakout, then I’ll look for a trade opportunities in the direction of the breakout:

If a breakout happens, on either side we have enough room to get a good risk-reward ratio, we’ll see what happens.

Trade Safe!

Raul Lopez
Forex Training

EURCAD Analysis

EURCAD – Longs in play

Its interesting that the EURCAD is in a bullish market condition because its next LT resistance level is at 1.3687, we have more than 350 pips from where the EURCAD is currently trading:

As long as it trades above 1.3356 I’ll be looking for long opportunities.

Trade Safe!

Raul Lopez
Forex courses

EURCAD Analysis

EURCAD – Very strong bearish market condition

Earlier this morning the EURCAD broke through an important LT support level triggering a bearish market condition:

The EURCAD is also trading below every important level in the short term charts, we only need a significant pattern with downward pressure to enter our trade.

The next LT support level is at 1.3151

Trade Safe!

Raul Lopez
Forex Training

EURCAD Analysis

EURCAD – Definitely Bearish

The EURCAD is trading in a very strong bearish market condition, it was rejected from an important LT resistance level and just broke through an important support level:

The next LT support level is at 1.3593, around 280 pips away from where the market is trading right now. I will be looking for short opportunities in the EURCAD.

In the ST charts it is also trading below every important level.

Trade Safe!

Raul Lopez
Forex course

EURCAD Analysis