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EUR-CAD

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
EURCAD short is valid 👇👍We are using our trend following EDGE strategy for this trade. Trade has been live since 5:30 UK time. Entry details are shown on the chart. Working the M30 time frame on this strategy. We're only looking for TP3. Last trade can also been seen on chart which was a successful long. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you.
Short
by pow_removetheguesswork
Wait for buy signal in the asending channel with EURCADH2 time frame. Structure: Ascending channel. The price is currently at the confluence between the uptrend line and the support at 1.48600. Waiting for the price to confirm the bullish signal, it is possible to enter a buy order to continue with the ascending channel of EURCAD. The profit target is the 1,50000 zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Long
by tradafx
EURCAD facing bullish pressure | 2 Sept 2021EURCAD holding within ascending channel . With technical indicators showing room for further bullish upside, a further push up above our entry at 1.49121 towards our profit level at 1.49960 could be possible. 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 interests 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
2
EUR/CAD Analysis KiSS 2.0 Trade LevelWelcome back! Please support this idea with a LIKE and COMMENT if you find it useful. ***** EUR/CAD Analysis - the pair has pushed from previous daily support @ 4690 and should give us a continuation from resistance. If you trade KiSS 2.0 strategy, watch for price reaction at the highlighted resistance and plan to short from this area for scalp/intraday pending entry criteria rules. Be sure to follow the entry criteria rules for your strategy and keep this on your watch list! - BKH
Short
by BKTradingAcademy
1
EURCAD facing bearish pressure | 4th August 2021EURCAD is reversing from sell entry, in line with 100% Fibonacci extension. Prices are expected to fall to take profit, in line with 127.2% Fibonacci extension. Alternatively, prices may rally to stop loss, in line with 161.8% Fibonacci retracement extension. Indicator showing bearish reversal. 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.
Short
by FXCM
3
EURCAD potential for downside | 4th August 2021EURCAD is reacting below 1st resistance of 1.48983, in line with 100% Fibonacci extension. Prices are likely to fall to 1st support of 1.47605, in line with 127.2% Fibonacci extension. Alternatively, prices may rally to 2nd resistance of 1.49746, in line with 161.8% Fibonacci extension. Indicator supporting bearish reversal. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by TradeGATEHub
EURCAD wedge uptrend continuesHere's my look for EURCAD, a lot of traders and investors went to the short possitions as we can see in volume profile, in my opinion we're not done here yet. I expecting some activity in the green zone which i drew into chart. There is 1.48210 which is historical important SR zone. Market is still mainly into uptrend and bulls still haven't left. From 1.49300 to 1.51 is lot of accumulated volume which price should pick up. Structure of trend is very good and price is on lower symmetry of wedge. Wish you lot of succsess!
by SpilakJ
EUR/CAD on a Decisive Area + Potential SetupsGood morning traders! Today we will analyze EUR/CAD, as it is bouncing in a critical zone, and it is worth analyzing it since we can take advantage of both the bullish and the bearish situation. 🔸As we see in the published chart, the price bounces off the Ascending Trendline, where several rejections have already been rejected. We can expect a similar situation again. 🔸As the scenario is still unclear, it is worth considering both the bullish and the bearish possibilities. 🔸The bullish situation implies a movement in this direction towards the Resistance zone and, the bearish situation implies a break of the trend line and the support zone. If that happens, we are likely to see the price move towards the next support zone. 🔸To better detail the previous situations, we are going to reduce the timeframe: Bullish Analysis: - What we are looking for here is a break in the Descending Trendline and the Resistance zone. After that, the idea is to wait for a re-test of the broken area and its subsequent rejection. Bearish Analyis: - Finally, considering a bearish scenario, we would wait for support + retest, + rejection.
by ThinkingAntsOk
1
EURCAD Facing bullish pressure | 23 July 2021EURCAD holding above ascending trendline support, showing that price is still holding within a bullish environment. A bounce above our Entry at 1.47763 where we have 78.6% Fibonacci retracement towards 50% Fibonacci retracement and graphical overlap resistance at 1.49336 could be possible. 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 interests 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
4