eurcad forecast

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EURCAD: Sentiments Are Short-Term Bearish, But…

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free-forex-eurcad-calls-chart

EURCAD has completed corrective wave 4, and if the price breaks the parallel channel C, it may make a new low, which should be impulsive sub-wave 5 of wave (5).

If price breaks down channel C, the following targets for Wave 5 will be 1.4313 – 1.42520 – 1.41652- 1.41156.

After making wave (5), if the price breaks the B channel, it can go for 1.4645 and start a new 5-wave impulse structure.

Please note that the Breakout of wave (4) indicates a strong bull trend.

If the price breaks the channel without a downward, it indicates truncated 5th.
I will upload an intraday chart for further information soon.

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Forex Update EURUSD, USDJPY, GBPJPY, EURCAD, CADJPY, AUDUSD, GBPINR, USDINR, & JPYINR

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Global Currency

EURO vs. US DOLLAR

The dollar rise on last Friday against the Euro on Friday euro bought 1.3590, down from Thursday’s level of 1.3606.
We expect here drift down to 1.3570 – 1.3556 – 1.3500 and more.
Keep your eye on 1. 3590 once brake of it and pair will move for next high.

 

moneymunch-usdjpy
Click here to read my newsletter and try to remember what I said about USDJPY in my last newsletter.
I said “ Resistance 101.59 cross of these level and we see some more bullish trend to 101.96 – 102.48 – 103.00. “
It kissed my 2nd target

What you think?
Will it kiss my 3rd and last targets?
Well, member knows everything but I will also update for you later.

 

GBPJPY

Current rise should end with resistance 168.08.
Can move with the targets 167.03 – 166.42 and more is must

but have to keep eyes on 168.50 level rise above it is bullish again.

EURCAD, CADJPY & AUDUSD and more Currency update for our members.

 

Indian Currency

gbpinr-24-11

Future

Buyers can take positions from the opening bell only if open above 102.95 with targets 103.76 – 104.46 – 104.97.

Keep eyes on resistance 102.85.
Unable to break the resistance, and we must see the bloodbath. To which level will update for our subscribers only.

 

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Forex Tradertip: EURCAD

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EURCAD

After a long bullish trend of 7 trading sessions, the EURCAD(spot) creates an all-time new high of 1.4440.

Whatever goes up comes down. If the pair move below 1.4375 – 1.4370. Then long term traders can sell

with the stop loss of 1.4395.

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