Get started

EUR-CAD

EURCAD potential for bounce! | 17th Dec 2021Prices are on a bullish momentum and abiding to our ascending trendline. We see the potential for a bounce from our buy entry in line with 61.8% Fibonacci retracement towards our Take Profit at 1.45837 in line with 127.2% and 100% Fibonacci extension . Technical indicators are showing bullish momentum. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by FXCM
EURCAD potential for bounce! | 17th Dec 2021Prices are on a bullish momentum and abiding to our ascending trendline. We see the potential for a bounce from our buy entry in line with 61.8% Fibonacci retracement towards our Take Profit at 1.45837 in line with 127.2% and 100% Fibonacci extension. Technical indicators are showing bullish momentum. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
1
EUR/CAD Wyckoff Short opportunity!Possible selling opportunity in EUR/CAD very soon! As you can see it looks like we have been going through a type 1 Wyckoff Distribution schematic at our point of interest which means that institutions and banks could be trying to gather liquidity by stopping out all the buyers and sellers before a big push off. As its a distribution schematic we will be looking to go short. Price has come into a key last area of support which if we see bearish selling pressure from here i will be looking to enter. To add confluence to this we are bullish on CAD and yesterday we noticed a big Wyckoff Accumulation schematic on CAD CHF which has been melting today from which i will be looking for another entry point! Feel free to leave any comments about the idea!
Short
by PercentageOverPips
Short-term analysis of the EURCADHere's the analysis for EURCAD in H1 time frame, We expect some corrections and after that continuation of the upward trend. 📣 Attention 📣 ⚠️ 1. We publish this trading idea to help analysts, so if you have an idea that you think is right, do not be influenced by this idea. ⚠️ 2. All our analysis and signals are provided free of charge, so we have no obligation to make any profit or loss on our signals and analysis. ⚠️ 3. If you have an idea, write to us in the comments section, we will be happy to use your idea in our analysis.
by fx_iranian_traders
5
Wait for the breakout signal and buying opportunity with EURCADH1 time frame. Structure: Uptrend. The price is currently moving in the sideway from 1.44000 to 1.45500 and retesting the Key level of the previous downtrend. Wait for the price to confirm a rise above 1.45500 and appear bullish continuation candlestick patterns, then you can find buying opportunities. The profit target is the 1.47700 price zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Long
by tradafx
EUR/CAD Update!! Wow! We couldn't have been more bang on with the forecast! Price came down perfectly to take out the equal lows where we knew liquidity was resting below and hit our demand zone to the pip! If you had a buy limit order set you would currently be 15% (or 120 pips) up in this trade with another 15% still to go!! I will be looking for another entry into EUR/CAD once we break the resistance level which has been tested 3 times already which means its weak and likely to break soon. Forecast- Feel free to leave a like and any comments about the idea!
Long
by PercentageOverPips
EURCAD looking up 🦐EURCAD on the 4h chart is breaking the descending channel. The price after breaking below the weekly support took the liquidity and now due also to the market news is creating a strong impulse to the upside. According to Plancton's strategy if the price will retest the structure and satisfy the academy conditions we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
27
EUR/CAD Possible Buying Opportunity!Possible long opportunity in EUR/CAD soon! I have a long position currently running in EUR/CAD which can be seen in a previous post, this position was after an impulsive break of structure where we saw price move in a descending corrective manner into structure. Yesterday we saw the same exact price action where we impulsed through the previous high to create a higher high and where now we are retracing in a corrective manner. As you can see from the chart, price has just created equal Lows which means that liquidity is resting underneath this level which normally gets taken or wicked out which then shows intended direction of price, in this case it would be to the upside. Taking this into account then, i will be waiting to see how price reacts around this region and if price does break lower, i'm looking to see price come into the supply zone to gather more sell orders before taking off from there. I will also be looking for breaks of structure on the lower time frames for bullish confirmation. Obviously this all depends on price action at those levels as price could very well breakout from here so we just need to be wary. Feel free to leave any comments about the idea!
by PercentageOverPips
2
EURCAD is on a bullish momentum! | 26 Nov 2021Prices are on a bullish momentum. We see a potential entry at 1.43285 which is an area of Fibonacci confluences towards our Take Profit at 1.44389 in line with 100% Fibonacci retracement, 161.8% Fibonacci Projection and 127.2% Fibonacci extension. Technical indicators are showing bullish momentum. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
[18/11/21] EURCAD PAIR: EURCAD BIAS: BEARISH / SHORT Price has broken down from the consolidation zone, and retested it. Price could either drop strongly, or have another attempt to retest the zone. If price attempts to retest the zone again, it is crucial to note if price forms a new recent high. The probability of a bearish move after a new high is lower. Should this bearish trend continue, price could retest the 1.41800 level. However, if it hovers or strongly rejects just above the level and forms a higher low, one can consider to secure some profits.
Short
by TraderMozo
Today’s Notable Sentiment ShiftsGBP – The pound climbed to a one-week high versus the dollar, and a 21-month peak against the euro on Wednesday after data showed UK inflation surged to a 10-year high last month, backing expectations of an interest rate hike as early as next month. CAD – The Canadian dollar weakened to its lowest level in nearly six weeks against the greenback on Wednesday, as oil prices fell and CPI showed inflation rising in line with expectations, contributed to a drop in Canadian bond yields.
by thunderpips
EURCAD For buy Mid-termThe EUR CAD pair has completed the formation of the positive Harmonic Butterfly pattern with a daily interval, as the correction of point D reached the maximum possible percentage of the BC leg at 261.8% Accordingly, it is possible to enter into buying positions from the potential reversal zone (PRZ.2) from levels (1.4320: 1.4370) after the pair fell from the area (PRZ.1), where the correction of point D of the BC leg at 161.8% Then we target 1.4530 as a first target at the 38.2% correction of the CD leg, and with the breach we target the 1.4790 level as a second target at the 61.8% correction While the daily closing below 1.420 is a stop loss and failure for the pattern.
ELong
by ShadyMostafa
EURCAD on a long range 🦐EURCAD on the 4h chart reached the important weekly support structure. The price is now ranging between the 2 levels and after a long downtrend, a retracement move is expected. According to Plancton's strategy if the price will break above the 4h resistance we can set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
15