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EUR-CAD

New Bullish update on EUR/CADThe EURCAD is currently trending inside an ascending wedge pattern that technical traders take as a bearish reversal pattern. However, the pair just hit an intraday demand area (bottom) which has been consistent for an immediate bullish push-back to touching the pre-existing supply zone (top). The current triple bottom also indicated a divergence in price which technical traders could use in pushing the price a little bit up again. Alternatively, a break below the demand area could initiate a further sell off towards Jan low at 1.4230. Traders may keep a close eye on the EURCAD.
Long
by Adefxc
j.Hejazi | EURCAD waiting for breakoutThe EURCAD currency pair has formed a triangle pattern with a divergence on the MACD indicator. This pattern also appears to show triple tops with another divergence. These patterns are located at a strong resistance area, as the price is touching the 200-week moving average and testing the key level of 1.46350. To consider a sell signal, the price must break the neckline of the triple tops and triangle. However, if the price moves up and breaks the moving average, it must also break the 2 yearly resistance trend lines at 1.47313 to be considered a buy signal. ---------------------- 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
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OANDA:XAUUSD
by CHART-EX
EURCAD potential to swing low.Looking at the H4 chart, my overall bias for EURCAD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market structure. Looking for a pullback sell entry at 1.45202, where the overlap resistance and 38.2% Fibonacci line is. Stop loss will be at 1.46439, where the recent swing high is. Take profit will be at 1.42354, where the previous swing low was. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
1
EURCAD Potential for Bearish Drop to supportLooking at the H4 chart, my overall bias for EURCAD is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 1.45202, where the overlap resistance is. Stop loss will be at 1.46439, where the recent swing high is. Take profit will be at 1.44000, where the overlap support and 61.8% Fibonacci line is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
EURCAD Potential for Bearish Drop | 30th January 2023Looking at the H4 chart, my overall bias for EURCAD is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 1.45202, where the overlap resistance is. Stop loss will be at 1.46439, where the recent swing high is. Take profit will be at 1.44000, where the overlap support and 61.8% Fibonacci line is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
1
EURCAD Potential for bearish drop to overlap supportLooking at the H4 chart, my overall bias for EURCAD is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 1.45202, where the overlap resistance is. Stop loss will be at 1.46439, where the recent swing high is. Take profit will be at 1.44000, where the overlap support and 61.8% Fibonacci line is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
EURCAD Potential for Bearish Drop | 27th January 2023Looking at the H4 chart, my overall bias for EURCAD is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 1.45202, where the overlap resistance is. Stop loss will be at 1.46439, where the recent swing high is. Take profit will be at 1.44000, where the overlap support and 61.8% Fibonacci line is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
EURCAD for a new high 🦐EURCAD on the daily chart is trading below a weekly resistance at the recent high. The price after the last impulse retraced perfectly at the 50% of the previous impulse over a daily support and moved back to the previous high. How can i approach this scenario? I will wait for a clear break of the structure and if that will happen i will move on the 4h timeframe to look for a nice long order according to the Plancton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
13
EURCAD Potential for Bearish Continuation| 18th January 2023Looking at the H4 chart, my overall bias for EURCAD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. However, I am looking to play the pullback. Looking for a sell entry at 1.44722, where the overlap resistance and 38.2% Fibonacci line is. Stop loss will be at 1.45596, where the recent high is. Take profit will be at 1.43608, where the 61.8% Fibonacci line is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
1
EURCAD: Bearish Outlook Explained 🇪🇺🇨🇦 EURCAD reached a key daily structure resistance. The price has formed 2 doji candles, approaching that on a daily. Analyzing the intraday time frames, I spotted a confirmed bearish breakout of a rising parallel channel on 4H. The price is retesting that at the moment. The market will most likely drop soon to 1.446 / 1.4414 levels. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
7
EURCAD Rejected on the 1 year Resistance. Levels to watch.The EURCAD pair has been on a very strong rise since the August 25 2022 Bottom and hit all of the buy targets we presented on our 1D MA100 (green trend-line) break-out buy signal back on September 19: On December 15, the price got rejected on the Resistance Zone (1) that started a year ago (Dec 20), making so far a Triple Top. That would otherwise be a bearish signal but with the price trading above the 1D MA50 (blue trend-line), while also having the (green) Symmetrical Support Zone (1.4100 - 1.41650), the pair is now neutral. The 1D RSI broke below its July Higher Lows trend-line and is bouncing on the September Support level and as long as it holds, it should keep the price above the Symmetrical Support. We will sell only if the price closes a full candle below the 1D MA50 and target the 1D MA200 (orange trend-line), which is the long-term Support during uptrends. On the other hands a closing above Resistance 1 (1.4650) will be a buy break-out signal targeting Resistance 2 and the 0.786 Fibonacci retracement level. ------------------------------------------------------------------------------- ** 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
2
EURCAD should be seeing more up sideAfter a strong rally,and a correction downwards since 19Dec. We are seeing buyers coming in again... More upside i believe... **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! 😁 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!
by Shadowing_The_Big_Boys