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Tag Archives: EUR/CAD
Today in currency trading the Canadian Dollar (CAD) was weak across all pairs. See the live trading signals and alerts below in the images from The Forex Heatmap®. The USD/CAD moved higher but we consider this to be a shorter term trade since the overall trend is down on this pair. The EUR/CAD also moved higher. This EUR/CAD is trending up on the D1 time frame and should continue up to the next major resistance area at 1.4950, see the chart movement for this pair below in the images. The Forex Heatmap® provides live trading alerts for 28 currency pairs in eight currency groups, including the CAD pairs.
Today in currency trading the CAD (Canadian Dollar) was strong, and this drove substantial movement in this group of pairs. The live trading signals from The Forex Heatmap® are shown below. The CAD/CHF and CAD/JPY moved much higher, these pairs have trend support from the H4 time frame, but the larger trends are still pointing down, so we would scale out lots and manage profit on any buy trades. These two pairs should continue higher at least one more day. The EUR/CAD also sold off, this pair also has H4 trend support, but the overall longer term trend is up, so once again scale out lots as it continues lower. The trading signals from The Forex Heatmap® are shown below, this signal system provides live signals for 28 currency pairs. It is a powerful live trade entry management tool based on parallel and inverse analysis and individual currency strength.
Today in currency trading the Euro (EUR) strength drove price movement on all EUR pairs. The EUR/USD moved strongly higher, this pair is somewhat choppy but it is starting a new trend on the D1 time frame, and it has upside potential from here. The EUR/CAD also moved strongly higher, this pair has a strong uptrend in place and should continue to the next resistance at 1.4700. We will continue to write trading plans to buy these pairs going forward. The trading signals you see below are live signals from The Forex Heatmap®, which provides buy and sell signals for 28 currency pairs including the EUR pairs and 7 other currency groups.
Today in forex trading the EUR (Euro) signaled some buys on The Forex Heatmap®. THe Euro strengthened across all pairs. Pairs like the EUR/CAD and EUR/USD moved strong to the upside. These pairs are inside of ranges on the smaller time frames and trends, so we would close out some lots or exit both trades completely. The movements were strong but there was no support from the larger trends and time frames. The trade signals you see below are from The Forex Heatmap®, which provides live trade signals for 28 forex pairs. This real time tool guides your short term trades entries or trade entries into the larger trends.
Today in forex trading the Canadian Dollar (CAD) strength drove price movement on all pairs in this group. The EUR (Euro) was also weak, so the EUR/CAD pair dropped. This pair is in a strong downtrend but it is at some historical support levels, so we would scale out some lots and take some profit. A some point it should continue lower since the trend is so strong. The USD/CAD also dropped on the CAD strength and this pair is at one support level. The trade signals you see for the CAD pairs below are from The Forex Heatmap®, which is a visual map of the spot forex that provides live signals for 28 pairs.
Today in currency trading the EUR (Euro) weakness was evident on all pairs. All of the EUR pairs dropped. There was also some NZD (New Zealand Dollar) and CAD (Canadian Dollar) strength in the market as well. This caused the EUR/CAD and EUR/NZD pairs to drop strong to the downside. The EUR/NZD should continue lower in the current strong downtrend, there is no historical support below the current price. The EUR/CAD has broken one support level and could continue much lower on the higher time frames. The live currency strength indicator you see below is The Forex Heatmap®, which provides live buy and sell signals for 28 pairs, including seven EUR pairs.
The EUR/CAD chart is shown below, this is the W1 time frame. We are looking for this pair to form a new trend on the W1 time frame in the next few days. Look for any strong buy signals on The Forex Heatmap® on this pair going forward. This pair is somewhat choppy now on the smaller time frames, but if the trend forms the overall potential is excellent. Current pricing is around 1.4280, and the upside potential is up to the 1.5400 area, so over 1100 pips is possible. Excellent money management ratio on any buy signals.
Today in currency trading the NZD/CAD had a buy signal on The Forex Heatmap®. The Canadian Dollar (CAD) was weak on all pairs and this caused price movement on various CAD pairs. The EUR/CAD also moved up fairly strong, and this pair should continue higher to the next resistance area at 1.4450. The NZD/CAD moved up and this pair is at one resistance area so we would be scaling out lots and taking some profit at the current price levels. The trading signals you see below are from The Forex Heatmap®, which provides live buy and sell signals for 8 currency groups and 28 pairs. The heatmap is based on currency strength and parallel and inverse analysis.
Today in forex trading the EUR/CAD signaled a sell on The Forex Heatmap®. In the main trading session the Canadian Dollar (CAD) strengthened on all pairs. The EUR/CAD moved down and could continue down one more day on the H4 time frame before it starts to hit some support levels, we would scale out lots on this sell. The CAD/CHF also moved up and we would scale out lots on this buy, it should also continue up one more day on the H4 time frame. These pairs are moving inversely to each other on the CAD strength. The live forex signals you see below are available for 28 pairs from The Forex Heatmap®.
The CAD/CHF is in a trend going up using the moving average indicators you see below. The trend you see is on the W1 time frame. The current resistance level is at 0.8600. We would set a price alert here. When the alert hits check The Forex Heatmap® to validate your buy entry point. We see no nearby resistance past there, any buy position has excellent upside potential. The EUR/CAD is moving inversely to this pair on the Canadian Dollar (CAD) strength and is trending down, it is breaking support levels on the largest time frames.