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EUR-CAD

EURCAD | LOOKS LIKE IT COULD BE A GOOD BUYHi everyone and happy Monday! :) Let's start from the monthly: the price is aiming to break MA 50 and MA 100, and on the weekly, we have already crossed MA 200, which is a HTF confirmation suggesting a bullish bias in the market. Strong break through the daily resistance and the 4-hour bullish engulfing candlestick closure to confirm our entry. Today we will have two speeches by President Lagarde, one at 2 p.m. and the next at 4 p.m., so please keep that in mind.
Long
by FX-TradingLions
EURCAD: Top-Down Analysis & Trading Plan 🇪🇺🇨🇦 EURCAD is approaching a peculiar horizontal demand zone. The price formed a doji candle, testing that on a daily. Analyzing a 4H, I spotted a double bottom with a higher low. 1.458 - 1.462 is its neckline. If the price breaks and closes above that on 4H, I will expect a bullish movement. Goals will be 1.469 / 1.473. If the price sets a new low though, the setup will become invalid. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
3
EURCAD: Trading Opportunity - ShortThe EUR/CAD pair is heading towards a retest of the previous resistance area located between 1.46556 and 1.46278, which forms the upper boundary of the ascending channel with a monthly resistance line. I anticipate that the next target will be at 1.45102. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
EURCADIn the daily time frame, we reached a strong resistance level, and in the lower time frames, we see weakness in the current movement. This weakness can be seen in the negative divergence and we expect to see the price return to the specified area in these areas. By checking the skewness coefficient, we realize that this weakness started from very low areas and became more obvious at the current peak. According to the news on both the euro and the Canadian dollar, it is not unlikely that it will hold for a few hours in this area and it is better to wait for the failure of the red area.
Short
by HamidRamezani1992
EURCAD 1.445 key level 🦐EURCAD is exhibiting a bearish technical pattern on the 4-hour chart. The triple top pattern suggests that the price has reached a resistance level that it cannot break through, and the subsequent drop to the 1.42500 support area reinforces this idea. Moreover, the fact that the 1.44500 level is acting as resistance after being support in the past indicates a shift in market sentiment, which further supports a bearish outlook. Additionally, the price is currently testing the 0.786 Fibonacci retracement level, which is a key level for many traders. If the market breaks below the 0.5 Fibonacci support level, it is likely that we will see a continuation of the bearish trend, and it may be a good opportunity to enter a short position. A potential target for the short trade could be the support level at 1.42500. Overall, the technical analysis suggests a bearish outlook for EURCAD on the 4-hour chart, and traders should consider the possibility of entering a short position if the market breaks below the 0.5 Fibonacci retracement level. However, as with any trading decision, it is important to wait for the condition of the MTB Plancton's strategy to be satisfied.
by InkyGrip
10
EURCADEURCAD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
4
EurCad - Manipulation Point TradingBias: Short Market Cycle: 2 PA is currently in phase 2 of market cycle after a 1st push down on friday. Today is the last day to look for phase 2 before we move back to an open bias.. Notice how price is also trading down in a bearish channel since 2nd Feb, we also have our MP lined up with the top of the channel so i would expect some kind of reaction from here.. Follow the rules to the system, they keep us safe and provide quality entry's... If it doesn't fit our strategy, it's not our money....
Short
by gfx-trading