Forex Chart Analysis EUR/CAD

The EUR/CAD chart analysis on the H4 time frame shows one resistance level at 1.4120, see yellow line on the right. Traders should set an audible price alert here for an upside price breakout. When the price alert hits then you can confirm any buys with The Forex Heatmap® forex heatmap and check for consistent EUR strength or CAD weakness, or both.

The upside potential on any buy trades is to the next resistance area at the 1.4400 area, see the yellow line on the left. This is nearly 300 pips of upside potential, which is the benefit of working with the higher time frames like the H4 and larger.

The free forex indicators you see below are for monitoring market trends. Thy are a basic open high low close barchart with some very simple 5/12 exponential moving averages attached to the EUR/CAD on the H4 time frame.

Forex Chart Analysis EUR/CAD

Forex Chart Analysis EUR/CAD

Comments are closed.