{"id":28668,"date":"2023-06-06T11:01:31","date_gmt":"2023-06-06T11:01:31","guid":{"rendered":"https:\/\/fxglobe.wpenginepowered.com\/?p=28668"},"modified":"2023-06-22T18:35:04","modified_gmt":"2023-06-22T18:35:04","slug":"eurcad-on-the-move","status":"publish","type":"post","link":"https:\/\/www.fxglobe.com\/vi\/eurcad-on-the-move\/","title":{"rendered":"EURCAD On The Move: Analyzing the Currency Pair"},"content":{"rendered":"\n

Good morning Traders!<\/p>\n\n\n\n

EURCAD<\/a> is on the move, and I am looking for a potential setup in the direction of the overall trend.<\/p>\n\n\n\n

EURCAD<\/h2>\n\n\n\n

After a lengthly consolidation at the support level of around 145.20, the market broke<\/a> lower to print another Lower Low. As the market<\/a> is currently overextended from it\u2019s Moving Averages, I am looking for a pullback to release some of this strong selling pressure.<\/p>\n\n\n\n

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EURCAD D<\/figcaption><\/figure>\n\n\n\n
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EURCAD W<\/figcaption><\/figure>\n\n\n\n
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EURCAD M<\/figcaption><\/figure>\n<\/figure>\n\n\n\n

Drawing the Fibonacci retracement of the latest Daily move, has the 61.8% retracement clustering nicely with this consolidation and support level.<\/p>\n\n\n\n

If and when the market will pullback into this area, I\u2019ll be looking for any signs that the pullback is over and the sellers are ready to take control of this market once again, for a potential setup in the direction of the overall trend. Keeping in mind that the area around the 142.40 could offer strong Support, as can be seen on the Weekly and the Monthly charts.<\/p>\n\n\n\n

Happy Trading!<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning Traders! EURCAD is on the move, and I am looking for a potential setup in the direction of the overall trend. EURCAD After a lengthly consolidation at the support level of around 145.20, the market broke lower to print another Lower Low. As the market is currently overextended from it\u2019s Moving Averages, I […]<\/p>\n","protected":false},"author":15,"featured_media":28671,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"EURCAD Moving Trends | %%sitetitle%%","_seopress_titles_desc":"Explore the moving trends of EURCAD and analyze the currency pair. Stay informed and make informed trading decisions with our analysis for traders.","_seopress_robots_index":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-28668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fxglobe.com\/vi\/wp-json\/wp\/v2\/posts\/28668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fxglobe.com\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fxglobe.com\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/vi\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/vi\/wp-json\/wp\/v2\/comments?post=28668"}],"version-history":[{"count":0,"href":"https:\/\/www.fxglobe.com\/vi\/wp-json\/wp\/v2\/posts\/28668\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/vi\/wp-json\/wp\/v2\/media\/28671"}],"wp:attachment":[{"href":"https:\/\/www.fxglobe.com\/vi\/wp-json\/wp\/v2\/media?parent=28668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fxglobe.com\/vi\/wp-json\/wp\/v2\/categories?post=28668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fxglobe.com\/vi\/wp-json\/wp\/v2\/tags?post=28668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}