Eurcad!
EURCAD The Target Is DOWN! SELL!
My dear friends,
EURCAD looks like it will make a good move, and here are the details:
The market is trading on 1.4767 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.4715
Recommended Stop Loss - 1.4800
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EUR/CAD BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
EUR/CAD pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.465 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EURCAD (Bearish)Starting your analysis and mapping out your support + resistances level from a higher timeframe such as the weekly or daily will give you a much better understanding of where price may be heading. Remember, to be able to determine the future more accurately, we must study our past. History repeats itself as they say.
*Always remember to let price action develop and use proper RISK MANAGEMENT*
EURCAD - Sell StopEURCAD - Sell Stop
- Bearish trend to follow after bearish reversal patter
- Take entry if previous HL is broken
swing entry long in eurcadlets take this entry just using market stracture we have the market bullish
EURCAD Will Go Down! Sell!
Please, check our technical outlook for EURCAD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.478.
The above observations make me that the market will inevitably achieve 1.474 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EUR-CAD Short From Resistance! Sell!
Hello,Traders!
EUR-CAD has reached a
Horizontal resistance level
Of 1.4779 and the pair is
Locally overbought so
I will be expecting a
Local bearish correction
Sell!
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Check out other forecasts below too!
✅EUR_CAD TIME TO SELL|SHORT🔥
✅EUR_CAD is going up now
But a strong resistance level is ahead at 1.4780
Thus I am expecting a pullback
And a move down towards the target at 1.4748
SHORT🔥
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SELL STOP SHORT EUR/CAD at 1.4713EUR/CAD has been carving out a sideways channel since Friday and the bottom of this channel coincides with the 200 EMA on 15M time frame which is also the 50EMA on H1.
A break out of this channel and a break of the supporting EMA's would suggest we are headed lower.
If we look at the H4 time frame we can see where the 200 EMA has supported the price and this looks a natural target for EUR/CAD BEARS should the 1.4716 support break.
Price ALWAYS returns to the 200 EMA eventually and of course this happens more frequently on the lower time frames.
On H1 we last saw the 200 EMA hit last Friday so we can expect to see the price gravitate to this key support level before long and a break of 1.4716 could see the start of a move south.
There is no scheduled news expected from the EURO zone and the next CAD news is Fridays CAD Unemployment Change and Unemployment Rate so the the price should drift lower over the next few days as long as the channel is broken.
EURCAD Will Go Down! Short!
Please, check our technical outlook for EURCAD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.472.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.462 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Sell EURCAD Channel BreakoutThe EUR/CAD pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours.
Key Points:
Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 1.4730 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones:
1.4677: This represents the first level of support within the channel.
1.4645: This is a further extension of the downside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.4745. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
EUR/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
EUR/CAD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 8H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.466 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EURCAD Update Buy limitEURCAD Update..!
If the pair comes to 1.46600 level it be best opportunity for buying market more than 400 pips. Bu till that support do not sell.
EURCAD BUY Limit 1.46600
STOPLOSS 1.46200
1ST TARGET 1.47000
2ND TARGET 1.47600
EURAUD: Market Sentiment & Price Action
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURAUD pair which is likely to be pushed up by the bulls so we will buy!
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EURCAD - Potential long ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
Fundamental news: Next week on Friday we will see results of Unemployment Rate on CAD, news with high impact on currency.
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EURCAD My Opinion! SELL!
My dear friends,
My technical analysis for EURCAD is below:
The market is trading on 1.4677 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.4644
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EURCAD Buy IdeaOANDA:EURCAD is trending in upwards direction forming a series of Higher Highs and Higher Lows. Currently, It's retracing towards premium price levels of fib 50-75% where we can look for buying euro against canadian dollar.
Strifor || USDCHF-02/05/2024Preferred direction: SELL
Comment: The franc also closed yesterday's target, and the fall is likely to continue in the short term. This applies to all major competitors of the US dollar , which has begun to correct. However, it should be noted that in a more global perspective, the US dollar is still strong, and we can expect the upward trend to continue.
We consider a short trade on the franc through two scenarios near the level of 0.91424 . The most likely scenario №1 says about a fall from current prices. Scenario №2 - serves as plan B. We place the target for the fall at the level of 0.90500 .
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || USDCAD-02/05/2024Preferred direction: SELL
Comment: Yesterday's trading idea for the Canadian worked perfectly. Today, the likelihood of continued decline remains. The price is trading close to yesterday's target, namely the level of 1.37020 , at this level, the next short (breakdown downward) is being considered. We highlight two scenarios for ourselves with a common goal at the level of 1.36557.
Additional comments on this trade will be provided as situation changes. Follow us!
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EURCAD A Fall Expected! SELL!
My dear followers,
This is my opinion on the EURCAD next move:
The asset is approaching an important pivot point 1.4653
Bias - Bearish
Safe Stop Loss - 1.4675
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.4619
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
Sell EURCAD Ascending TriangleThe EUR/CAD pair on the M30 timeframe presents a potential shorting opportunity due to the presence of an ascending triangle pattern.
Potential Short Trade :
Entry: Consider entering a short position (selling) below the broken support trendline of the triangle after confirmation. Ideally, this would be around 1.4710 or lower if the price continues to decline.
Target Levels:
1.4655: This represents the height of the triangle, measured from the apex (highest point) to the base (horizontal line), projected downwards from the breakout point.
1.4630: This is a further extension of the downside target, based on the height of the recent price movement before the breakout.
Stop-Loss: Once the entry point is confirmed, place a stop-loss order above the broken support line of the triangle, ideally with some buffer around 1.4732. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Strifor || USDCAD-01/05/2024Preferred direction: SELL
Comment: A busy middle of the week, during which we expect large statistics on production and the US labor market, and at the very end we expect the announcement of the Fed interest rate. In addition, we will find out the Fed's prospects for the near future. Against this background, US dollar shorts still look better, at least in the short term.
For the USDCAD currency pair, we consider two scenarios that can be found on the chart. We consider two scenarios simultaneously, since volatility is a common phenomenon against the backdrop of such economic events. We consider the target for the fall to be at the level of 1.37020.
Additional comments on this trade will be provided as situation changes. Follow us!
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