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EUR-CAD

EURCAD will continue going UP - Target: 1.60000 🎯COT (Commitment of Traders) perspective: The long contract sizes still dominate over the short with record highs. This indicates us that price still has space to move towards the weekly supply level. The bottom weekly-trendline got respected 4 times and last time price received strong demand pressure. Now it is currently in an upside momentum towards the 1.16000 mark. The weekly supply level has been respected 3 times and in short periods of time, price got rejected down towards the bottom trendline. After price reaches the 1.60000 level, we will update our analysis. Happy Trading!
Long
by SigmaTrading
EURCAD Long Setup - Detailed AnalysisAccording to last week’s EUR COT Report we can see that the long contract sizes are not only dominating the long/mid-term trends, but also there was a huge increase from last week as well. Last week we did amazing on the EURCAD pair. Price finally went over the daily and 1H critical areas near 1.55780 and now we have a great trading opportunity: 1. Price receiving support from the daily critical at 1.55400 and going towards the next one near 1.56600. After that a small correction towards 1.56000 may happen, before we see a move to the monthly critical at 1.58400. After the monthly critical has been reached a strong correction will take place. A move to the 1.55500 mark will be a possibility since it aligns perfectly with the 0.618 Fibonacci level. In order to enter a sell trade after the monthly critical near 1.58400 is reached, we must wait for a strong rejection signal first. Happy Trading!
Long
by SigmaTrading
4
Buying EUR/CAD for a 55-pip trade: but why? Currently inside a structure with this pair. As you can see, the resistance we had a couple of hours ago seems to turn now into a support. Price is above all EMA's and managed to stay above the daily pivot level. I am buying the pair @ market price and will target the top of the structure, around 1.55800 levels. A nice 55-pip trade! Today I am taking advantage of EUR strength and CAD weakness. Check out my past analysis to see the way I trade! Trade at your own risk
Long
by SwissPips
4
EURCAD - SWING - 21. JULY. 2020Welcome to our weekly trade setup ( EURCAD )! - 1 HOUR Very bullish price action and takeout. 4 HOUR Expecting another push to the downside taking out several long holders. DAILY Overall bullish market turning right now, good short entries! - FOREX SWING SELL EURCAD ENTRY LEVEL @ 1.54650 SL @ 1.55330 TP @ 1.53640 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
5
EURCAD Detailed Analysis - Long SetupYellow zones- critical zones based on the monthly/weekly timeframe Red zones- critical zones based on the daily timeframe Blue zones – critical zones based on the 4h timeframe Orange zones – critical zones based on the 1h timeframe According to last week’s EUR COT Report, we can see that it remains in a really strong “long” contract position. It is expected that the EUR keeps its upward momentum. On the 14. July an attempt to break the daily critical near 1.55400 was made, but it wasn’t successful, and price got rejected. After it fell towards the monthly critical, massive buy pressure came in as predicted in our previous analysis. Now we have a close above the daily critical zone and there are 2 possible scenarios: 1. Price falls to the daily critical near 1.55400, receives support and then continues its upward trend towards the monthly critical near 1.58500. 2. Price does a small correction towards the 1H critical zone near 1.54800, which is also a triple confirmation point. It aligns with the 0.5 Fibonacci level, the upper-trendline and with the 1H critical zone. After that it will go towards the monthly critical near 1.58500. Happy trading!
Long
by SigmaTrading
4
EURCAD Detailed Analysis - Long SetupYellow zones- critical zones based on the monthly/weekly time frame Red zones- critical zones based on the daily time frame Blue zones – critical zones based on the 4h time frame After last week’s COT report, we can see an increase in the EUR “long” contract sizes, while the CAD is showing some decrease in the “short” contract sizes. Our previous analysis happened as show for the 1st scenario. A “W” structure was formed, which received support from its neckline. Now we broke above the 4H closed triangle and price reached the 1.55300 area which is also a daily critical zone. The price reached the 4H daily critical zone which lies within the monthly critical zone near the 1.54000 zone. We have 2 possible scenarios: 1. Price receives support from the 1.54000 zone and goes for a second attempt to break the daily critical near the 1.55300. If this happens, we can expect for the price to finish its “M” structure which is visible on the daily time frame. 2. Price receives support from the second 4H critical zone near the 1.53500 area which also lies within the monthly critical area and matches perfectly with the 0.618 Fibonacci level. Then the price will go towards the daily critical near the 1.55300 zone. Happy Trading!
Long
by SigmaTrading
Don't miss the great buy opportunity in EURCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.5435). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURCAD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 75. Take Profits: TP1= @ 1.5535 TP2= @ 1.5585 TP3= @ 1.5710 TP4= @ 1.5815 TP5= @ 1.5990 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
11
Don't miss the great buy opportunity in EURCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.5435). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURCAD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 75. Take Profits: TP1= @ 1.5535 TP2= @ 1.5585 TP3= @ 1.5710 TP4= @ 1.5815 TP5= @ 1.5990 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
12
Short EURCADHello, my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see that the price has just hit its Resistance. One can take a sell trade. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So, let us know which pair you want our analysis on and we will get it for you. Do like and follow us. Ryan.R..Lopes
Short
by Ryan_lopes