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EUR-CAD

There is a possibility for second chance to buy in EURCADTrading suggestion: If the Midterm level 1.5050 is broken, we will close open trades. Price may also reach 1.5050, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to OUR STRATEGY , and depends on personal strategies. Midterm forecast: While the price is above the support 1.5050, resumption of uptrend is expected. We make sure when the resistance at 1.5990 breaks. If the support at 1.5050 is broken, the short-term forecast -resumption of uptrend- will be invalid. We will close our open trades, if the Midterm level 1.5050 is broken. Technical analysis: A trough is formed in daily chart at 1.5050 on 04/30/2020, so more gains to resistance(s) 1.5640, 1.5815 and maximum to Major Resistance (1.5990) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 57. Trade Setup: We opened 7 BUY trade(s) @ 1.4798 (day close price) based on 'Valley' at 2019.08.23 signaled by our Daily Trading Opportunity : Total Profit: 3457 pip Closed trade(s): 2115 pip Profit Open trade(s): 1342 pip Profit Closed Profit: TP1 @ 1.4860 touched at 2020.02.28 with 62 pip Profit. TP2 @ 1.4970 touched at 2020.03.03 with 172 pip Profit. TP3 @ 1.5195 touched at 2020.03.06 with 397 pip Profit. TP4 @ 1.5440 touched at 2020.03.09 with 642 pip Profit. TP5 @ 1.5640 touched at 2020.03.09 with 842 pip Profit. 62 + 172 + 397 + 642 + 842 = 2115 pip Open Profit: Profit for one trade is 1.5469(current price) - 1.4798(open price) = 671 pip 2 trade(s) still open, therefore total profit for open trade(s) is 671 x 2 = 1342 pip
Long
by ForecastCity_EU
4
Don't miss the great sell opportunity in EURCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.5670). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURCAD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. Take Profits: TP1= @ 1.5525 TP2= @ 1.5330 TP3= @ 1.4975 SL: Break Above R2
Short
by ForecastCity_EU
2
Don't miss the great buy opportunity in EURCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.4592). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURCAD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 1.4937 TP2= @ 1.5205 TP3= @ 1.5637 SL= Break below S2
Long
by ForecastCity_EU
4
Don't miss the great sell opportunity in EURCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.4615). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURCAD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Take Profits: TP1= @ 1.4533 TP2= @ 1.4438 TP3= @ 1.4050 SL: Break Above R2
Short
by ForecastCity_EU
A trading opportunity to buy in EURCADMidterm forecast: While the price is above the support 1.4750, beginning of uptrend is expected. We make sure when the resistance at 1.5285 breaks. If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI resistance #1 at 62 is not broken, the probability of price increase would be too low. A peak is formed in daily chart at 1.5180 on 05/09/2019, so more losses to support(s) 1.5010, 1.4915, 1.4820 and minimum to Major Support (1.4750) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 45. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (1.4820 to 1.4750). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.4820) Ending of entry zone (1.4750) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 1.4915 TP2= @ 1.5010 TP3= @1.5115 TP4= @ 1.5195 TP5= @ 1.5285 TP6= @ 1.5360 TP7=@ 1.5450 TP8= @ 1.5640 TP9= @ 1.6150 TP10= Free
Long
by ForecastCity_EU
A trading opportunity to buy in EURCADMidterm forecast: While the price is above the support 1.4750, beginning of uptrend is expected. We make sure when the resistance at 1.5285 breaks. If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak is formed in daily chart at 1.5153 on 04/16/2019, so more losses to support(s) 1.4915, 1.4820 and minimum to Major Support (1.4750) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 45. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (1.4820 to 1.4750). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.4820) Ending of entry zone (1.4750) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 1.4915 TP2= @ 1.5010 TP3= @1.5115 TP4= @ 1.5195 TP5= @ 1.5285 TP6= @ 1.5360 TP7=@ 1.5450 TP8= @ 1.5640 TP9= @ 1.6150 TP10= Free
Long
by ForecastCity_EU
A trading opportunity to buy in EURCADMidterm forecast: While the price is above the support 1.4750, beginning of uptrend is expected. We make sure when the resistance at 1.5360 breaks. If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A trough is formed in daily chart at 1.4905 on 04/02/2019, so more gains to resistance(s) 1.5115, 1.5195, 1.5285 and maximum to Major Resistance (1.5360) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 50. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (1.4820 to 1.4860). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.4820) Ending of entry zone (1.4860) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profit: TP1= @ 1.4915 TP2= @ 1.5010 TP3= @1.5115 TP4= @ 1.5195 TP5= @ 1.5285 TP6= @ 1.5360 TP7=@ 1.5450 TP8= @ 1.5640 TP9= @ 1.6150 TP10= Free
Long
by ForecastCity_EU
A trading opportunity to Buy in EURCADMidterm forecast: While the price is above the support 1.4750, beginning of uptrend is expected. We make sure when the resistance at 1.5115 breaks. If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI bounced from the resistance #1 at 48 and it prevented price from more gains. A peak is formed in daily chart at 1.5060 on 02/14/2019, so more losses to support(s) 1.4820 and minimum to Major Support (1.4750) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 41. Trading suggestion: There is possibility of temporary retracement to suggested Buy Zone (1.4820 to 1.4750). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (1.4820) Ending of entry zone (1.4750) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1 = @1.4915 TP2 = @1.5010 TP3 = @1.5115 TP4 = @1.5285 TP5 = @1.5450 TP6 = @1.5640 TP7 = @1.6150 TP8 = Free
Long
by ForecastCity
1