{"id":18748,"date":"2011-01-27T09:30:59","date_gmt":"2011-01-27T14:30:59","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=18748"},"modified":"2011-01-27T09:30:59","modified_gmt":"2011-01-27T14:30:59","slug":"potential-reversal-for-eurcad","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/01\/27\/potential-reversal-for-eurcad\/","title":{"rendered":"Potential Reversal for EUR\/CAD"},"content":{"rendered":"

By Anton Eljwizat<\/strong><\/p>\n

The volatile of the EUR\/CAD <\/a>pair continues to be affected by the volatile forex market. The last two weeks has seen a lot of bullish strength in the EUR\/CAD pair. However, as I demonstrated below, it seems that the pair\u2019s bullish run may have run out of steam, and a bearish correction could be underway soon. This might be a good opportunity for forex traders to enter the trend at a very early stage and at a great entry price.<\/p>\n

\u2022\tBelow is the 8-hour chart of the EUR\/CAD currency pair.<\/p>\n

\u2022\tThe technical indicators that are used are the MACD, Relative Strength Index (RSI), <\/a>and Slow Stochastic.<\/a><\/p>\n

\u2022\tPoint 1: There is a \u201cdoji\u201d candlestick that has formed on the chart, indicating that a reversal should take place.<\/p>\n

\u2022\tPoint 2: The Slow Stochastic indicates a bearish cross, signaling that the next move may be in a downward direction.<\/p>\n

\u2022\tPoint 3: The Relative Strength Index (RSI) indicates that the price of this cross currently floats in the overbought territory, signaling downward pressure.<\/p>\n

\u2022\tPoint 4: The MACD indicates an impending bearish cross, signaling that the next move may be in a downward direction.<\/p>\n

EUR\/CAD Daily Chart
\n\"EUR-CAD<\/p>\n

Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em>
\n<\/a><\/strong><\/em><\/p>\n

\u00a9 2006 by FxYard Ltd<\/p>\n

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":"

The volatile of the EUR\/CAD pair continues to be affected by the volatile forex market. The last two weeks has seen a lot of bullish strength in the EUR\/CAD pair. However, as I demonstrated below, it seems that the pair\u2019s bullish run may have run out of steam…<\/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-18748","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/18748","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=18748"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/18748\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=18748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=18748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=18748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}