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EUR-CAD

EURCAD, Huge H-S-Formation, BEAR-Acceleration to Emerge!Hello There! Welcome to my newest idea about EURCAD. Within recent times there have been grievous developments within the whole forex market developments that should not be underestimated in any case, there are several factors and forex pairs to consider, the economic Eurozone field is still in a not completely recovered condition field because there are crucial ongoing supply-chain disruptions still battering the Eurozone economic field. These supply-chain disruptions should not be underestimated in any case because they are actually fueled by the fact that inflation is still extremely high and high interest rates do not decrease the supply-chain disruptions. When looking at my chart these major disruptions within the market have been followed by the continued bearish accelerations towards the downside always emerging with the bearish waves and accelerating the bearish momentum. Now EURCAD already formed the breakouts below the 100-EMA confirming the EMA as a major resistance from where further pullbacks towards the downside are highly likely. This means that the next lower lows within the upcoming times are underlining and pointing to huge bearish momentum acceleration spikes towards the downside. Besides this EURCAD is forming this gigantic head-shoulder formation in which it is going to complete the right shoulder once it has formed the breakout below the main supports and neckline of the formation. This final confirmation of the crucial head-shoulder formation in almost all of the cases is the origin of high momentum into the bearish continuation. Especially, once the formation has been completed this is going to lead to the breakouts below the EMAs, and considering further ongoing supply-chain disruptions as well as a stagflation Eurozone economy because of high inflation in combination with supply-chain disruptions this is going to accelerate the bearish dynamics. In this manner, thank you everybody for watching my analysis of OIL. Support from your side is greatly appreciated. VP
by VincePrince
11
EURCAD, H4 | Potential bullish bouncePrice has broken a key resistance-turned-support at 1.4516 which forms the basis of our potential bounce - this level also happens to coincide with the 23.6% Fibonacci retracement. A bounce from here could see prices rise towards the 1.4631 level which is our next big overlap resistance. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Long
by FXCM
✨ NEW: EURCAD ✨ SWING TRADE ✨TP3 @ 1.4765 (closing ALL Buy Orders) TP2 @ 1.4625 (shaving 25%) TP1 @ 1.4466 (shaving 25%) BSO @ 1.4375⏳ BLO @ 1.4315⏳ TECHNICAL ANALYSIS: — The EURCAD is currently trading at 1.43431 — The moving averages are all pointing upwards, which is a bullish signal — The RSI is in the overbought zone, which could signal a potential sell-off — The MACD is crossing above the signal line, which is a bullish signal Overall, the technical analysis for EURCAD is bullish. However, the RSI being in the overbought zone that could signal a potential sell-off. Based on this calculated guess, I'm going my chances with a Buy Order(see above) HIGH IMPACT EVENTS: — The economic outlook for the Eurozone and Canada — The interest rate differential between the Eurozone and Canada — Crude oil prices — Geopolitical events FUNDAMENTAL ANALYSIS Interest Rates: The European Central Bank (ECB) has raised interest rates twice in 2022, while the Bank of Canada (BoC) has raised rates four times. This has put upward pressure on the Canadian dollar and downward pressure on the euro. Inflation: Inflation is slightly higher in Canada. This could lead to further BoC rate hikes, which would continue to put downward pressure on the euro.
Long
by ProfessorCEWard
1
EURCAD Intraday Long Opportunity Welcome back! Here's a potential buy scalp opportunity for KiSS 2.0 Strategy or whatever entry criteria you use. ***EURCAD - listen to video analysis. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
EURCAD Analysis I Correction and More Potential DeclineWelcome back! Here's an analysis of this pair! **EURCAD - listen to video analysis. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
by BKTradingAcademy
EURCAD Analysis Welcome back! Here's an analysis of this pair! **EURCAD - listen to video analysis. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
6
EURCAD Impulse Correction ContinuationWelcome back! Here's an analysis of this pair! **EURCAD - listen to video analysis. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
EUR/CAD Analysis Welcome back! Please support this idea with a LIKE if you find it useful. *** EUR/CAD - Price could potentially break weekly support, or retest previous resistance for a continuation to the downside. We will keep our eyes on the highlighted zones and weekly support, and align our entry criteria rules for a nice short or long opportunity. Be sure to follow your entry criteria rules. If you trade KiSS 2.0, keep your eyes on major technical levels for the best potential trades. Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian Kenya Horton, BK Forex Academy
by BKTradingAcademy