{"id":13870,"date":"2010-10-08T10:15:40","date_gmt":"2010-10-08T14:15:40","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=13870"},"modified":"2010-10-08T10:15:40","modified_gmt":"2010-10-08T14:15:40","slug":"eurcad-expected-to-go-bearish","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/10\/08\/eurcad-expected-to-go-bearish\/","title":{"rendered":"EUR\/CAD Expected to go Bearish"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; A bullish move in the <a href=\"http:\/\/www.forexyard.com\/en\/trading\/eur-cad\">EUR\/CAD <\/a>cross hasn\u2019t received much support as of late. Below, I will demonstrate that the <a href=\"http:\/\/www.forexyard.com\/en\/trading\/eur-cad\">EUR\/CAD <\/a>pair  has already commenced a downward trend for today, and the cross may  tumble another 40-100 pips during the day. Traders are strongly advised  to take advantage of the trend at an early stage.<\/p>\n<p>\u2022\tBelow is the 4-hour chart of the <a href=\"http:\/\/www.forexyard.com\/en\/trading\/eur-cad\">EUR\/CAD <\/a>currency pair.<\/p>\n<p>\u2022\tThe technical indicators that are used are the Williams Percent Ranges, <a href=\"http:\/\/www.forexyard.com\/en\/relative-strength-index-rsi\">Relative Strength Index (RSI)<\/a>, and <a href=\"http:\/\/www.forexyard.com\/en\/stochastic\">Stochastic Slow<\/a>.<\/p>\n<p>\u2022\tPoint 1: The <a href=\"http:\/\/www.forexyard.com\/en\/stochastic\">Slow Stochastic <\/a>indicates a bearish cross, signaling that the next move may be in a downward direction.<\/p>\n<p>\u2022\tPoint 2: The <a href=\"http:\/\/www.forexyard.com\/en\/relative-strength-index-rsi\">Relative Strength Index (RSI) <\/a>indicates that the price of this cross currently floats in the overbought territory, signaling downward pressure.<\/p>\n<p>\u2022\tPoint 3: The Williams Percent Range shows that this pair was  heavily over-bought peaked near the highest mark it could reach, and  then turned a corner and now stands in a bearish posture.<\/p>\n<p>EUR\/CAD 4-Hour Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/10\/EUR-CAD-8-10.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/10\/EUR-CAD-8-10.JPG\" alt=\"\" width=\"477\" height=\"584\" \/><\/a><\/p>\n<p><em><strong><a title=\"Forex\" href=\"..\/..\/\">Forex<\/a> <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                                                              may     not    be          suitable     for     all                        investors.            There       is   a                                       possibility              that                    you         could                   sustain a    loss          of    all        of            your                                investment   and                              therefore    you                     should       not                invest                money      that         you                       cannot             afford to                      lose.   You                    should        be            aware         of              all        the          risks                          associated          with               Foreign                Exchange                       trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A bullish move in the EUR\/CAD cross hasn\u2019t received much support as of late. Below, I will demonstrate that the EUR\/CAD pair has already commenced a downward trend for today, and the cross may tumble another 40-100 pips during the day.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-13870","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=13870"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13870\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=13870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=13870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=13870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}