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EUR-CAD

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
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
40
EURCAD looking for a retracement move 🦐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
24
SAFE EURCAD ENTRY 300pips+Hello Traders, Here we have a EURCAD long trade idea. If you like this idea please show your support! This trade idea is based off the fact that the Euro (EUR) is reaching a monthly low since July 2020. We are expecting some strength as this is approaching a trendline & structure level at the lower end of the channel so we are expecting a reversal soon. However the Canadian Dollar (CAD) is also very weak pushing EURCAD higher. Please trade with caution and make sure you set your stop losses! Happy Trading 😁 Be sure to check out my other ideas below!
Long
by Pips-Collector
15
EURCAD on bullish momentum |29th OctPrice is trading near the buy entry price of 1.4402 which is 61.8% projection and can potentially rise to the graphical swing high level of 1.44390 which is also 78.6% Fibonacci projection level. Our bullish bias is supported by stochastic as price has bounced of from it . 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
EURCAD short-term bullish bounce | 26th Oct 2021 Price is seen to be abiding to a descending trendline resistance, signifying an overall bearish momentum. We can expect, price to be bouncing from the pivot level in line with the 78.6% Fibonacci retracement towards the take profit level in line with 161.8% Fibonacci projection and 50% Fibonacci retracement . Our short-term bullish bias is further supported by the stochastic %K line bouncing off the support level . 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
Should traders be watching Inflation data this week? Definitely!Inflation data from outside the US should pique traders interest this week. Several major economies will be reporting on actual inflation figures experienced during September 2021. Will they match their forecasted values, or will the data follow US inflation and surprisingly creep upward? Who should be watching the inflation data? Traders of the Great British Pound, South African Rand, Euro, Canadian Dollar, and the Japanese Yen should circle these dates in their economic calendars. Why does the Inflation data deserve special attention this week? While inflation data is usually closely watched, the surprising inflation figures released in the US last week means traders should be extra vigilant with their inflation watching. Last week, the US inflation rate (September, YoY) surprised the market by beating expectations. Inflation in the US was expected to report at 5.3%, level with the rate reported in August. However, the actual figure arrived ten basis points higher (5.4%) and returned inflation to the 13-year high seen a month earlier in July 2021. As it stands, Trading Economics is forecasting inflation in the US inflation rate (October, YoY) to rise another ten basis points to 5.5%. If inflation were to cross 5.6%, a new 30-year record would stand (US inflation Jan, YoY, 1991 was 5.7%). Calendar Dates to Circle: United Kingdom, GBP, Inflation Rate YoY September Wednesday, 7:00 pm (NZDT) What is the forecast for Sep: 3.2% South Africa, ZAR, Inflation Rate YoY September Wednesday, 9:00 pm (NZDT) What is the forecast for Sep: 4.9% European Union, EUR, Inflation Rate YoY September Wednesday, 10:00 pm (NZDT) What is the forecast for Sep: 3.0% Canada, CAD, Inflation Rate YoY September Thursday, 1:30 am (NZDT) What is the forecast for Sep: 4.1% Japan, JPY, Inflation Rate YoY September Friday, 12:30 pm (NZDT) What is the forecast for Sep: -0.4%
FRED:MICH
by BlackBull_Markets
EURCAD moving to the 1.46 ? 🦐EURCAD on the 4h chart after the break of the channel creates a once move to the daily support. Now we can expect some retracement and IF the market will break below we will set, according to Plancton's Academy, a nice short 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.
Short
by InkyGrip
2