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EUR-CAD

Long EURCAD: Potential move back to the 1.50000/50 area (SnD)EURCAD appears to be willing to move higher again after this morning's correction. 1) The market made a bullish leg up recently, hinting at the aggressive presence of the bulls. 2) The market is currently testing a valid Demand zone that was tested once before and is expected to hold for the second time. 3) The market is testing a horizontal Support level around the 1.49500 psychological level. Price action and Volume would be the determinant of the short-term future direction of the market; if these two confluence factors fail to deliver confirmations, the market might continue heading downwards for the remaining of the trading sessions today.
Long
by FXAristocrat
EURCAD facing bearish pressure, potential for a reversal!Price is holding below the moving average resistance, showing bearish pressure in line with our bearish bias. We could potentially see price reverse at our 1st resistance, which is in line with our 61.8% Fibonacci retracement, 100% Fibonacci extension and horizontal pullback resistance, and face further downside towards 1st support, in line with our 50% Fibonacci retracement, 61.8% Fibonacci extension and horizontal swing low support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by TradeGATEHub
1
EUR - FUNDAMENTAL DRIVERS1. Virus Situation The outlook for EUR remains tied to the EU's ability to overcome its coronavirus pandemic. At present, the outlook appears bleak, with many European countries entering third waves and reinstating or prolonging economically damaging lockdown restrictions. Vaccinations remain frustratingly slow, a result of ongoing supply constraints and rising anti-vaccine attitudes. 2. The Monetary Policy outlook for the ECB Even though the FED and BOE are nowhere close to hawkish, they are far less dovish than the ECB, who has decided to front-load asset purchases to keep EU bond yields from rising too fast. The string of contradicting comments also shows a possible growing rift among the GC which could prove problematic when it comes to potentially altering policy in the months ahead. 3. The country’s economic developments The vaccination roll out and additional lockdowns has weighed on EU growth prospects, with growth differentials for the EU versus the US and UK widening. Fiscal support is another factor where the EU Recovery Fund is yet to be ratified while the US and UK have both rolled out additional stimulus and plans more in the months ahead (US). For the EUR’s growth and fundamental outlook to improve, it will need to overcome its ongoing vaccination frustrations and see a significant increase in the total number of citizens vaccinated.
by thunderpips
EURCAD analysisYesterday we looked at EURAUD. So far, things are going according to plan. Today there may be an additional opportunity. And now let's see EURCAD - since the beginning of this month we have an impulse rise. The downtrend was broken through it and now we expect an additional rise. The possibility to enter is right now- during the correction. And if you want confirmation, wait for a breakout. This will allow to enter with a target of 1.5120, and before that an important level will be 1.5050! Good luck!
Long
by ForexTrendline
EURCAD for a new low 🦐EURCAD is on a long downtrend, the market found support over the 1.48 area after a retracement to the 0.618 level. According to Plancton's strategy if the price will break below we can set 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
4
EUR/CAD Long Term Bearish ViewGood morning traders, today we bring you our analysis in the Weekly chart of the EUR/CAD pair, which is practically in free fall. 🔸The price was in a strong ranging process, which lasted about a year. 🔸Clearly, it was a process of distribution, which now started a sharp decline, breaking the Ascending Trendline. 🔸Our vision is absolutely bearish, and definetly we will NOT look for a reversal in the short term, unless it is a very low timeframe trade. 🔸The next support zone is around 500 pips, which was the 2020 low.
Short
by ThinkingAntsOk
EURCAD TP1 HIT FOR +60 PIPS! LAST WEEKS RECAP FRIDAYSo our final trade placed on early friday morning was the EURCAD pair. We've watched this position for weeks lining up and we knew it was going to be a big one. We secured huge capital gains in this trade and was very confident that the trade would play into our favour. The pair fell nicely into profits within the first 20 minutes of entering and continued to fall deeper and deeper. Around 3 hours later and our first Take profit target was reached for a total of +65 Pips. We then allowed TP2 to run further until eventually we manually closed out and secured a further +80 Pips before the market closure on friday. This week we have had wining trades and loosing trades but all together we are up roughly +245 Pips for a total of 3 days trading. Last week was a massive week for us here at forexinsihgtsuk and we are now back on the grind this morning looking to continue analysing the markets for the best setups. We stay humble and we move forward. Happy Monday traders. Good luck!
Short
by Forexinsightsuk
EURCAD possbily see a bounce?Bounce at 1.505 area? If it breaks and fails to hold,likely more down side. Bias still down even if retraced. If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys