thread: EUR/CAD

This pair shows signs of exhaustion with 2 spinning tops on the daily, will probably be looking for a retracement any time soon image

Depends how Euro performs from greenbacks following week. If it climbs above 37 heading 3750 and 38 anticipate EC to 1.46-147 simple.
On fundamental level Cad is that the poorer currency compare to US dollar therefore if US dollar is losing to Euro that distance usually is more on the EC
Do not short untill you visit EU weakness.If it breaks 1.37 reduced and proceeds to fall then short that the EC with a vengeance since its way overdue for a correction.

quote Depends how Euro works out against greenbacks next week. If it climbs above 37 heading 3750 and 38 anticipate EC to 1.46-147 easy. On fundamental level Cad is the weaker currency compare to US dollar therefore if US dollar is losing to Euro that space usually is more about the EC Don't short untill you see EU weakness.If it breaks 1.37 lower and proceeds to fall then short the EC with a vengeance since its way overdue for a correction.

Sorry to mention you're right, this only broke through resistance. The trend is still going strong.

Anybody trading this pair at this time? Looked like it had been the 2nd one to breakout including Gbp/Cad

Already made 30 pips from this breakout and stinks cuz theres a different swing to the downside but we have to wait for the news to subside in a few minutes. Lets see how it goes. Joyful piphunting guys good fortune

Slipped into the 5 minute chart and put in an order. The news was in our favor. Together with the news passed by and about 90 pips left in ADR ill say we've got another opportunity at some pips here.

With Risk Aversion opinion coming into the market together with the tappering and ultimate USD interest rate climbs... this pair in addition to the GBP/CAD, USD/CAD will start climbing with energy. The GBP/CAD and EUR/CAD have been for a few weeks to months today. The USD/CAD has tremendous potential when the highs are cleared. The DOMINO EFFECT, is in effect.

Im outside the trade lol, zoomed to the daily charts and with no strong zonal support there @ 1.4516 basically shorting to support. Well on to another pair

With Risk Aversion opinion coming into the market together with the tappering and eventual USD interest rate hikes... this pair along with the GBP/CAD, USD/CAD will begin climbing with vigor. EUR/CAD and the GBP/CAD have been around for a few weeks to months now. The USD/CAD has enormous potential once the current highs are cleared. The DOMINO EFFECT, is in effect.

Yeah I know I am bearish the CAD no question. . .even dependent on the technology that made the US a strong energy force. Even Iran needed to come searching for some sort of resolution in this way. And of course the reported housing bubble. Until the music stops its all a house of cards but I'll be drinking the free punch.

Extended this pair captured a 1hr railroad track pattern off the 1hr timeframe, if it breaks resistance in 1.47460 I have another but quit waiting and the two orders have a goal of 1.48127

we could sell after breaking of internal trend line