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EURCAD RISING!!

P3tr4 Posted 22 July as Analysis on EUR/CAD, Target: 1.4825, Date: 1st of September, 12:00 GMT  in #Technical analysis #EUR/CAD #Market Trend #Stochastic Indicator #Monthly Chart #Weekly Chart #Currency Markets
Trading concept:
Stochastic indicator and price action are the only indicators used.
When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short.
When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also.
Same applies for when stochastic is below 20, the trend is bearish wit…
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EURCAD RISING!!

P3tr4 Posted 30 May as Analysis on EUR/CAD, Target: 1.5250, Date: 3rd of July, 12:00 GMT  in #Technical analysis #EUR/CAD #Market Trend #Eurcad #Stochastic Indicator #Monthly Chart #Weekly Chart
Trading concept:Stochastic indicator and price action are the only indicators used on weekly and monthly charts.
When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short. When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also. Same applies for when stochastic is belo…
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EURCAD FALLING!!

P3tr4 Posted 14 Apr. as Analysis on EUR/CAD, Target: 1.3835, Date: 1st of June, 12:00 GMT  in #Technical analysis #EUR/CAD #Market Trend #Eurcad #Stochastic Indicator #Monthly Chart #Currency Market #Weekly Chart
Trading concept:Stochastic indicator and price action are the only indicators used. When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short.When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also. Same applies for when stochastic is below 20, the trend is bearish with …
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EURCAD FALLING!!

P3tr4 Posted 27 Mar. as Analysis on EUR/CAD, Target: 1.4025, Date: 1st of May, 12:00 GMT  in #Technical analysis #EUR/CAD #Market Trend #Eurcad #Stochastic Indicator #Monthly Chart #Currency Market #Weekly Chart
Trading concept:
Stochastic indicator and price action are the only indicators used. When stochastic crosses up,
we assume it is time to go long, when it crosses down we assume it is time to go short.
When it crosses up above 80, it is still a good place to go long, but with caution, as such
areas are overbought areas. So predictions at this point could also be bullish, but bearish
predictions are a good possibility here also. Same applies for when stochastic is below 20,
the rend is bearish wit…
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EURCAD RISING!!

P3tr4 Posted 28 Feb. as Analysis on EUR/CAD, Target: 1.43, Date: 3rd of April, 12:00 GMT  in #Technical analysis #EUR/CAD #Eurcad #Monthly Chart #Weekly Chart

BULLISH TREND
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1 Comments
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P3tr4 30 Mar.

I have done a quick review of all my posted predictions and this is the only one worth posting on. Based on my analysis, I expected big gains from the euro currency, and so far it has not disappointed. The selected price is 1.4300, but the charts show the the current rate of exchange is 1.4355. It is close, but 50 pips is alot. :)
I am expecting a general drop on the euro, and this gap can easily be covered.

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EURo to dominate

P3tr4 Posted 31 July as Analysis on EUR/CAD, Target: 1.4650, Date: 1st of September, 12:00 GMT  in #Technical analysis #Bullish #EUR/CAD #Eurcad #Strong Euro
Target for the eurcad is 1.4650.
It may go higher than that, because for three months in a row the market has been climbing higher and registering new high levels.
Overall weekly analysis is bullish, so i am going with the trend.
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EURcad to continue bearish moves!!

P3tr4 Posted 30 June as Analysis on EUR/CAD, Target: 1.3089, Date: 3rd of August, 12:00 GMT  in #Technical analysis #EUR/CAD #Eurcad #Eurozone Crisis

The euro has been gaining over the Canadian dollar.
But the long term trend from February is still bearish. MACD is still under zero signalling bearish pressure.
Now, we have a wedge situation. So there is a possibility for a break-out upwards or downwards.
Downwards seems more likely, at least until things improve in Europe.
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EURo weakness to take pairs lower!

P3tr4 Posted 27 Feb. as Analysis on EUR/CAD, Target: 1.3550, Date: 1st of April, 12:00 GMT  in #Technical analysis #EUR/CAD #Eurcad #Euro Crisis
Indicators used:
Stochastics (default setting)
Bollinger bands (default setting)
I am expecting the eurcad to continue to go lower based on continued euro weakness.
The daily chart shows the pair already breaching the lower bands, next support is around 1.38
We can see a strong reversal formation on the weekly chart: bearish engulf. My forecast price is at 1.3550.
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5 Comments
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P3tr4 31 Mar.

current price 3.600
Distance from forecast price: 50 pips.

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P3tr4 31 Mar.

Next support is around forecast price: 1.3550, with recent high at 1.3760.
Four hour chart is bearish, with the daily chart also starting to look bearish. This could continue into tomorrow and hit forecast price.

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P3tr4 31 Mar.

Daily chart is looking very bearish, with bearish engulfing starting to form. It would depend on how the market closes for the day. But the euro is down every where.

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P3tr4 31 Mar.

weekly chart also shows the pair has wiped out most of previous gains. But this could be dip before strong move up.

fr33m4n avatar
fr33m4n 31 Mar.

i hope you win something))

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Expecting the euro to continue losing

P3tr4 Posted 30 Jan. as Analysis on EUR/CAD, Target: 1.3700, Date: 2nd of March, 12:00 GMT  in #Technical analysis #CAD #EUR/CAD #Eurcad
indicators:
Bollinger bands
Stochastic Indicator
With the euro QE program in place, i am very reluctant to place any bets on the euro. I see the EURCAD pair getting as low as 1.3700.
This was the situation of the pair, before the euro regained some ground and got as high as 1.45
I am expecting the euro to continue its losses
and finally break the support formed at 1.38
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EURcad to rally

P3tr4 Posted 12 Dec. as Analysis on EUR/CAD, Target: 1.5000, Date: 2nd of February, 12:00 GMT  in #Technical analysis #EUR/CAD #Bulls #Eurcad
The pair is already starting to rally, with the euro gaining over the Canadian dollar. We can see several reversal candles on the monthly chart, with a strong bounce off the middle line of the bollinger bands indicator.
After a lengthy drop, the stochastic indicator is also crossed upwards showing signs for more gains.
My target is the 1.5 mark, even though with strong euro gains, the pair could go much higher.
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