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Trade Recommendation: EURCAD

Posted on September 14th, 2017.

Double bullish divergence gives a signal that the market is going to reverse. The price bounces from 1.44500 level and RSI confirms price reversal. MACD histogram supports upward movement. DMI allows open long trades. Pending orders for buy can be placed at 1.45320 level and stop orders below the support level. Profit target is 1.47000...

Featured

Analysis

Trade Recommendation: EURCAD

Posted on August 15th, 2017.

Based on the daily chart we can see that the price bounces from 1.50000 resistance level. Probably this is a new swing high and it’s lower than the previous one. It’s a signal that we must be ready to a new downward movement. We can draw a downtrend line based on these highs. RSI confirms price reversal from the resistance...

Featured

Analysis

Trade Recommendation: EURCAD

Posted on August 11th, 2017.

The price passed through the kumo and stopped at 1.15000 resistance level. It’s a buy signal based on Ichimoku indicator. DMI confirms trend markets conditions and allows trading. ADX line moves above 20 level and it can be a confirmation of possible strong upward movement. If we look at the weekly chart, we’ll also see a...

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