{"id":20259,"date":"2011-03-21T09:16:49","date_gmt":"2011-03-21T13:16:49","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20259"},"modified":"2011-03-21T09:16:49","modified_gmt":"2011-03-21T13:16:49","slug":"eurcad-uptrend-might-be-near-the-end","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/21\/eurcad-uptrend-might-be-near-the-end\/","title":{"rendered":"EUR\/CAD Uptrend Might be Near the End"},"content":{"rendered":"

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

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, 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 daily chart of the EUR\/CAD currency pair.<\/p>\n

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

\u2022\tPoint 1: The Slow Stochastic indicates a bearish cross, signaling that the next move may be in a downward direction.<\/p>\n

\u2022\tPoint 2: 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 3: The Williams Percent Range signals further bearishness for the pair, which in turn indicates further downward pressure to occur anytime soon.<\/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, and a bearish correction could be underway soon.<\/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-20259","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20259","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=20259"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20259\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}