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EUR-CAD

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
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 currently in the symmetrical triangle. Wait for the breakout. 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
Don't miss the great buy opportunity in EURCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.5192). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 68. Take Profits: TP1= @ 1.5246 TP2= @ 1.5305 TP3= @ 1.5432 SL= Break below S2
Long
by ForecastCity
18
Don't miss the great buy opportunity in EURCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.5192). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 68. Take Profits: TP1= @ 1.5246 TP2= @ 1.5305 TP3= @ 1.5432 SL= Break below S2
Long
by ForecastCity
26
EURCAD bullish bounce - possible BUYEURCAD is bouncing for a third time from liquidity pool at 0.50fib and confluence level supported by daily 100ema. Starting this week we have risk off tone benefiting safe havens more than risk and commodity currencies. 1.51 area is great support and order block. Nopthing changed much fundamentally, and EUR is still much vulnerable, but money flows tend to support falling currencies inside indecisive sideways market. This pair is interesting since it moves rapidly and has huge volatility moving on average 200 pips approx by daily measure. We still need to confirm bull breakout on 1h and higher timeframes which means this move is NOT CONFIRMED YET! But this gives us an edge over then market knowing sentiment is supporting possible retracement from last selloff. Therefore we can prepare our entries and wait perfect moment to enter. PATTERNS Looking from 4h lows we have double bottom pattern with 4h bullish engulfing candle pattern. On 1h we have hammer candle+ breakout of last swing high and new higher high. POSSIBILITIES: More than 100 pips are on the table for bulls to get decent retracement towards the nearest major swing point (1.53 area of liquidity) where profit taking might occur along with new sell entries. Until then I think it's good r/r to enter the market with low/medium risk.
Long
by fxmonarchy
3
Don't miss the great buy opportunity in EURCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.5218). 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 49. Take Profits: TP1= @ 1.5340 TP2= @ 1.5490 TP3= @ 1.5650 SL= Break below S2
Long
by ForecastCity
16
Don't miss the great buy opportunity in EURCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.5218). 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 49. Take Profits: TP1= @ 1.5340 TP2= @ 1.5490 TP3= @ 1.5650 SL= Break below S2
Long
by ForecastCity
10
EURCAD: Reversal After RSI Bullish Divergence [Quick Updates]Hey all, here’s another entry on my tradingview series called 'Quick Updates'. We see the RSI divergence here play out nicely, with an immediate confirmation of the price reversal. When the RSI makes a higher low and the price makes a lower lower at the same time, we can see that the momentum is resetting while the price is still dropping. This often indicates that the momentum will soon lead to upwards price movements. --- What is The Quick Update Series All About? --- I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
3