Posts Tagged ‘EUR/CAD’
On a two-hourly chart the EURCAD is forming a nice ascending triangle for a LONG trade. Resistance can clearly be seen at 1.4240-1.4250 so a successful 2 hour close above 1.4260 could see fulfilment of this pattern.
The target would be the length of the “base” (being the resistance line) to the lowest trough. We’ve already [...]
Categories: Forex General
After a week of hard-fought gains and higher lows in the EUR/CAD, the Euro has weakened slightly against the Canadian Dollar and corrected lower intraday. After exhausting at the resistance of the Forecast area between 1.3575 and 1.3603 (F)–which projected the upside target following the Rising Wedge continuation–prices are moving lower in what likely is [...]
Categories: Currency Charts
