EUR/CAD Multi-Timeframe analysis (03/02)

Hi Traders

EUR/CAD Multi-Timeframe analysis (03/02)

H1 Chart (Bearish)

Target 2 at 1.52525 has been reached. We closed the remaining 50% of our position and now we are looking for the next opportunity to enter the market.

Support & Resistance
1.53327 1.53548
1.53030 1.53833
1.52898 1.53965

H4 Chart (Strong UP)

The market is approaching the support at 1.52821 . We are waiting to see reversal signals in order to reinstate LONG positions. Next important support is the 1.52619 level.

Support & Resistance
1.52821 1.53124
1.52619 1.53498
1.52092 1.53833

Daily Chart (Strong Down)

The market is approaching the resistance at 1.54016 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 1.55924 level.

Support & Resistance
1.52666 1.54016
1.52092 1.55924
1.51065 1.57096

Weekly Chart (Neutral)

The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.

Support & Resistance
1.52666 1.59912
1.50518 1.62060
1.47707 1.64871