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EUR-CAD

ANALYSIS ON 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, the price is at its support. One can wait for confirmation. 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
by Ryan_lopes
What Goes Up May Be Getting Ready To Come DownIf you have a little patience with this pair, it's actually forming still forming the W second leg. The bonus? When it's done, we will have a possible bearish harmonic setup for the short. The only way the possibility cancels out is if price can continue upwards pass the daily 1.54626 zone. As you can see, if we make a bearish run, I'll be trading to see if it can make the weekly 1.48825 zone. It should be an interesting trade this week. BULL TPS: • 1.53790 • 1.54582 • 1.56354 BEAR TPS: • 1.51820 • 1.49809 • 1.49015
by NikaJourney
EURCAD | Fast 200 pips?Hello, after a series of successful EURUSD trades , today we will look at a very good EURCAD opportunity. EUR is generally performing steadily for all pairs and we expect a further increase. A good opportunity is an increase in EURCAD. On the daily chart we see the momentum from the beginning of this year and the long-term correction that reaches 50% Fibonacci. There the price found support from which it repelled and now we expect an increase. 1) D1 pin bar from support level At the same time we have a very good trend of H1 2) Entry by trend We expect the price to initially reach 1.5474! In case of a breakdown we can see higher values.
Long
by ForexTrendline
EURCAD - To rebound after retest of structure support?PAIR IN FOCUS: EURCAD ACTION: LONG HORIZON: SHORT TO MEDIUM-TERM After dipping into multi-time frame structural support, price printed a bullish engulfing candle on both H4 and H1 time frames. On the lower time frame, we can see that price has slightly broken the recent swing high, formed and retested the support. Price could continue climbing higher, otherwise, it could break down and possibly form a double bottom in the multi-time frame structure. TP 1 @ 1:1 R:R TP 2 @ 2:1 R:R Stop loss will be slightly below the structure support at 1.51000 range. Let's see how this works out! Cheers!
Long
by TraderMozo
EURCAD SHORT AWAITING CONFIRMATION!So here is EURCAD good setup got RR 1:7 if it gets there! I am also awaiting it for it to fall back within the trendline and if it does I will take this trade!! News! The Euro may face higher selling pressure following the publication of German IFO data. Preliminary forecasts for the business climate component are estimated to show a 78.3 print, slightly higher than the prior 74.3 reading. The current conditions and expectations statistics are also anticipated to show an improvement in sentiment as Germany eases its lockdown measures. However, final prints for Q1 GDP data on a year-on-year and quarter-on-quarter basis may dampen sentiment as all figures are anticipated to show a negative figure. Data out of Germany has a tendency to elicit higher-than-usual volatility relative to its neighbours’ statistics due to it being the largest economy in the region. Consequently, its economic trajectory has larger implications for Europe as a whole and by extent, the Euro. Euro could fall if German IFO statistics underwhelm investors Slower growth out of largest Eurozone economy may hurt Euro EUR/USD rejected for third time at key resistance – now what? Dailyfx News!! I add this to my analysis as some people may find it useful!
Short
by theexchangefx