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EUR-CAD

EURCAD Medium-term Sell SignalThe EURCAD pair has been trading within a 12-month Channel Down and is currently reversing after a Double Top rejection on Resistance 1 (1.47825). Following the 1D MACD Bearish Cross, this has the potential to initiate Phase 2 of the Bearish Leg that started on the November 21 2023 Lower High. Technically this should be at least a -4.47% Bearish Wave, similar to the rejection that started on August 30 2023. As a result our Target is 1.41600 (Support 2). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
EurCad Looking for shorts on pullbackTradingview Ideas: Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
Short
by Shadowing_The_Big_Boys
EUR/CAD Analysis: Daily Zones and Cautions Traders, Let's assess EUR/CAD's daily zones and accompanying considerations: Wait for LTF Confirmations: Exercise patience and await confirmations from lower time frames before making trading decisions. Monthly RSI: Suggests a range zone, indicating potential stability. Weekly RSI: Indicates a potential bearish move, urging caution regarding long trades. Daily RSI: Signals more bearish days ahead, reinforcing the need for caution. Daily Chart: Presents a bullish channel, providing a potential avenue for upward movement. 1-Hour Chart: Identifies a buy zone around a broken level and a sell zone near the supply zone. Be mindful of these dynamics and ensure thorough analysis before entering trades. Best regards,
Short
by AliSignals
🇪🇺 EURCAD 🇨🇦 - Retest of resistance before further declineThe currency is purposefully moving towards the resistance at 1.4728, which plays the role of the upper boundary of the flat. Accordingly, the global trend is downward and the resistance area in this context plays a key role before further decline. Reasons for further decline: 1) Counter-trend correction 2) Liquidity and resistance areas at 1.4728 are strong enough for a breakout 3) Flat from the upper boundary of 1.47200 may push the price downwards 4) There are no fundamental reasons for the euro to rise
Short
by Gold-Tech
1
Sell EURCAD Bearish ChannelThe EUR/CAD pair on the M30 timeframe exhibits a bearish signal due to a well-defined downward channel pattern, suggesting a potential selling opportunity in the coming minutes or hours. Key Points: Bearish Channel: The price has been confined within a descending channel characterized by two falling lines, one for resistance and one for support. This pattern indicates ongoing selling pressure and potential for further decline. Sell Entry: Consider entering a short position around the current price of 1.4503, situated close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 1.4465 and 1.4452, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 1.4523. This helps limit potential losses if the trend breaks unexpectedly. Thank you
Short
by KABHI_FOREX_TRADING
10
EURCAD - Wait For The Bulls 🏹Hello TradingView Family / Fellow Traders, On Daily: Left Chart EURCAD has been bearish but it is currently approaching a robust support zone so we will be looking for buy setups on lower timeframes. On H4: Right Chart 📈 For the bulls to take over, we need a momentum candle close above the last major swing high marked in red. 📉 Meanwhile , EURCAD would be bearish short-term and can still trade lower inside the daily support. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
EURCAD Sell signal on a confirmed break-out.The EURCAD pair broke below the 1D MA200 (orange trend-line) again after getting rejected on the 1D MA50 (blue trend-line), which establishes it as a Resistance. The long-term pattern is a Channel Down (blue) since the February 10 Low and the current (dotted) Channel Down is the Bearish Leg towards a new Lower Low. We are taking this bearish break-out signal for the 2nd phase of the Leg and will target Support 1 at 1.43300. The downtrend can extend as low as 1.42180 and -5.50% from the High (as on the June 08 Low) but best settle for an established Support. If the 1D MACD completes a Bullish Cross before the 1.43300 target is achieved, we will close the short regardless, as all MACD Bullish Crosses below the 0.00 mark in 2023 have initiated very strong rallies. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
EURCAD SHORTIf you look left, there’s a circle. I’m looking for that same pattern at this resistance level. Potential ABC pattern setting up. Looking for a 1:1 minimum. I set a limit order at the recent high where the A leg started. I’m also looking for price to test that same recent high before a leg further down in price. Price has also been rising on low volume. If we miss it, no need to force it. Heading to bed so if it looks better during the day I may update with a market execution instead. Not advice.
Short
by Redimere_91
1
Eurcad potentially to flip if eur weakens**Find out more from my Tradingview Stream this week** Hello there! 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! 😁 Interested in following me and getting daily updated analysis? Like and follow me on Tradingview for fast updates! 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
EURCAD Rally most likely coming to an end.The EURCAD pair has been rising since the September 28 bottom on the bullish leg of the 9-month Channel Down, turning both the 1D MA200 (orange trend-line) and the 1D MA50 (blue trend-line) into Supports. The uptrend hit the Internal Lower Highs trend-line last week, got rejected but was supported on the 1D MA200 and is testing it yet again today. As the 1D RSI is making a Double Top rejection under the 2023 Resistance Zone, we may have the first medium-term sell signal emerging and a 1D MACD Bearish Cross will confirm it. In that case, sell and target the 1D MA50 at 1.4500. Those who wish to take some more risk, can extend selling to 1.4400 (-2.43% decline, in line with past pull-backs). If however the pair closes a 1D candle above Resistance 1, we will take the loss on the sell position and open a buy instead, targeting Resistance 2 at 1.51000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
2
EURCAD SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
3
EURCAD, Huge H-S-Formation, BEAR-Acceleration to Emerge!Hello There! Welcome to my newest idea about EURCAD. Within recent times there have been grievous developments within the whole forex market developments that should not be underestimated in any case, there are several factors and forex pairs to consider, the economic Eurozone field is still in a not completely recovered condition field because there are crucial ongoing supply-chain disruptions still battering the Eurozone economic field. These supply-chain disruptions should not be underestimated in any case because they are actually fueled by the fact that inflation is still extremely high and high interest rates do not decrease the supply-chain disruptions. When looking at my chart these major disruptions within the market have been followed by the continued bearish accelerations towards the downside always emerging with the bearish waves and accelerating the bearish momentum. Now EURCAD already formed the breakouts below the 100-EMA confirming the EMA as a major resistance from where further pullbacks towards the downside are highly likely. This means that the next lower lows within the upcoming times are underlining and pointing to huge bearish momentum acceleration spikes towards the downside. Besides this EURCAD is forming this gigantic head-shoulder formation in which it is going to complete the right shoulder once it has formed the breakout below the main supports and neckline of the formation. This final confirmation of the crucial head-shoulder formation in almost all of the cases is the origin of high momentum into the bearish continuation. Especially, once the formation has been completed this is going to lead to the breakouts below the EMAs, and considering further ongoing supply-chain disruptions as well as a stagflation Eurozone economy because of high inflation in combination with supply-chain disruptions this is going to accelerate the bearish dynamics. In this manner, thank you everybody for watching my analysis of OIL. Support from your side is greatly appreciated. VP
by VincePrince
11
EURCAD, Huge Double-Top Formation, BEARISH Flag-Setup!Hello There! Welcome to my new analysis of EURCAD from the 4-hour timeframe perspective. Within recent times the forex currency pair already emerged with a massive bearish inclination that should not be underestimated especially as the momentum already reached an accelerated point. Now, a major consideration is whether this bearish dynamic holds on or is going to accelerate much more within the upcoming times. In my analysis, I have considered the backend analytics and what should be expected with the pair within the current market situation, especially with the major underlying bearish inclinations. When looking at my chart now, the most important part of my chart is this gigantic double-top formation with the first and second tops already being completed. Since EURCAD formed the second top within the whole double top formation it heavily accelerated with the bearish momentum finally breaking out below the boundary of the double top formation to accelerate the massive bearishness below these boundaries. Also, important here is that a major bearish EMA crossover is marking a huge resistance and is confirming the bearish downtrend dynamics. With the completion of the gigantic crucial momentous double-top formation, EURCAD is setting up a massive bearish inclination especially as it is forming the next bearish flag below the boundary breakout zones. This bear flag formation is likely to complete within the next time and is going to accelerate the bearish momentum continuations towards the lower levels. First of all, the first target zone that has been activated is the minimum target zone of 1.409 as marked in my chart. Once this target zone is reached and the bearish momentum accelerates the price is going to continue below these zones. Taking all these factors into consideration here, EURCAD is now about to set up the next bearish continuation wave which will reach the next bearish acceleration triggers once the bear flag formation to complete the double top confirmation has been finally completed with a breakout towards the downside. Depending on the bearish momentum that is going to prevail after the breakout setup it will be important on how the bearish momentum actually sets up and how it reaches the target zones. Because, especially when the momentum increases by 4x in momentum pace there is a high possibility for the bearish continuation to move further into the bearish ground continuation. It will be a highly crucial determination. In this manner, thank you everybody for watching my analysis of EURCAD. Support from your side is greatly appreciated. VP
by VincePrince
6