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EURCAD - consolidation range at value area, testing major level weeklychart

Haynes6EU Posted 27 June as Analysis on EUR/CAD, Target: 1.4560, Date: 1st of August, 12:00 GMT  in #Technical analysis #CAD #EUR #EUR/CAD #Loonie
Hi community,
CAD has shown strength last two months with fundamental support opposite sentiment EUR vs CAD. Bearish sentiment for EUR vs sentiment turn from bearish slightly to neutral (may be bullish in next month) for CAD. Let's see the chart.
1. Monthly chart: Rejection in monthly chart from Fibonacci 61.8%, after that two strong bearish candles in last two months. Momentum still strong and could continue in the next month. But we can see some retrace before continue to go down. it could be …
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4 Comments
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Haynes6EU 8 July

Bounced from 1.445 level. Potential target 1.47 and fall down again :D

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Haynes6EU 18 July

The pair continue to consolidating at value area! But CAD show some weakness now

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Haynes6EU 28 July

The pair is still moving in a narrow range at support level. 1.442  still hold, can we see a rally to 1.47 ahead???

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Haynes6EU 5 Sep.

Monthly chart is very great :) Potential target in monthly chart has reached!

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Waiting for long EURCAD at strong support :)

Haynes6EU Posted 23 June  in #Trader's blog #EUR/CAD #Eurcad #The Loonie
Hi community,
I'm waiting for a long position EURCAD at strong support and Fibonacci level around 1.443 ~ 1.45 .
The price is going into demand zone (supported by previous level, trend line, and Fibonacci level). So it means these level is very strong support, I think that! So I will be watching these area closely and wait confirm in price action to go long entry.
CAD shows strength after CPI and Retail sale data last week, positioning currency still bearish slightly. If fundamental data conti…
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Haynes6EU 8 July

Mid-term trend line hold at 1.445. The pair is expected to bounce, target could be 1.47. Maybe :D

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