Eurcad!
EUR/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
Bearish trend on EUR/CAD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.457.
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EURCAD Sell signal on a confirmed break-out.The EURCAD pair broke below the 1D MA200 (orange trend-line) again after getting rejected on the 1D MA50 (blue trend-line), which establishes it as a Resistance. The long-term pattern is a Channel Down (blue) since the February 10 Low and the current (dotted) Channel Down is the Bearish Leg towards a new Lower Low.
We are taking this bearish break-out signal for the 2nd phase of the Leg and will target Support 1 at 1.43300. The downtrend can extend as low as 1.42180 and -5.50% from the High (as on the June 08 Low) but best settle for an established Support. If the 1D MACD completes a Bullish Cross before the 1.43300 target is achieved, we will close the short regardless, as all MACD Bullish Crosses below the 0.00 mark in 2023 have initiated very strong rallies.
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EURCAD: Bullish Continuation & Long Trade
EURCAD
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy EURCAD
Entry - 1.4604
Stop - 1.4574
Take - 1.4670
Our Risk - 1%
Start protection of your profits from lower levels
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Waiting for a JUICY short on EURCAD...YUMMY!We saw huge bearish momentum for this pair on Thursday and Friday.
Now looking for trend continuation to take a short trade.
Waiting for at least a 50% retracement and price coming into the fair value gap- then we look for a bearish trend change on 15min and ATTACK!
This is looking like a very yummy short!
Follow and Stay tuned my friends ;)
EUR/CAD BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
EUR/CAD is making a bullish rebound on the 2H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.460 level.
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EURCAD : Long Trade , 4hHello traders, we want to check the EURCAD chart. The price has broken the ascending channel and is currently moving in a descending channel. The price has reached the indicated key level and we expect this level to stop the downward trend of the price. If the price cannot break this level downwards and break the descending channel upwards, our first target will be the price of 1.47000. Good luck.
EURCAD: Top-Down Analysis & Bullish Outlook 🇪🇺🇨🇦
EURCAD reached an important confluence zone on Friday.
The underlined blue area based on 618/50 retracements of the last
2 bullish impulses and a horizontal key support.
As a bullish confirmation, the price broke a resistance line of a falling wedge pattern
on an hourly time frame.
We can expect a pullback now.
Goals: 1.466 / 1.469
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EURCAD Sell/ShortEURCAD looks like it has faced rejection and is making its way on downward trend from this reversal. Sell pressures seem strong and the trend on the daily shows it will continue to fall from here. Please enter this trade with proper risk.
EURCAD
Sell/Short
ENTRY: 1.49120
TAKE PROFITS:
TP 1: 1.44637
SL: 1.49782
MONSTER SWING TRADE
2-5% risk capital.
EURCAD Is Bullish! Buy!
Here is our detailed technical review for EURCAD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.463.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.468 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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EURCAD...DT (2D)SLO @ 1.4690
TP1 @ 1.4525 (shaving 50%)
TP2 @ 1.4350
Current Trend: Neutral
Sentiment: Oscillators are neutral, with some leaning slightly bearish.
Key Levels:
Resistance (Minor): 1.4690
Support (Major) @ 1.4300
EURCAD is currently in a neutral trend on the 1-day chart. The price is consolidating between support at 1.4630 and resistance at 1.4780. Moving averages are mixed, with some leaning bearish and others neutral. Oscillators are also mixed, with some leaning slightly bearish but others neutral.
EURCAD Technical Analysis And Trade IdeaRecently, the EURCAD has exhibited bullish momentum, primarily propelled by the robust performance of the EURO. This video delves deep into dissecting this trend, scrutinizing price action, and exploring a potential trade opportunity through an analysis of scenarios on the 1D daily timeframe. Expect comprehensive insights into price dynamics, market structure, trend evaluation, and pivotal technical analysis elements. It's imperative to stress that the information presented is purely educational and should not be misconstrued as financial counsel.
Watching for GBPCAD to follow EURCADWe saw a huge sell off when EURCAD broke it's uptrend last week so I'm watching GBPCAD to see if we get a similar flush. Price has been holding the trend now for several days with price barely able to escape and push higher, leading to further tightening.
Entry signal would be a non ambiguous break of the Daily trend with stop above high of day if possible.
Target is somewhere around the mid Nov break out as shown on the Daily TF, just over 100 pips away.
Daily SWAP is -1.58% so a multi day is possible, but I wouldn't want to go over 3.
Volatility around the CAD rate decision has the biggest downside effect on the idea if we get a break prior to the news. Not much we can do about this, if we get a sell signal before the release I still think it is worth taking.
EURCAD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to go a little bit lower to fill the imbalance and then to reject from bullish order block + institutional big figure 1.46000.
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EURCAD I Bounce from 50 MA and support reversal zoneWelcome back! Let me know your thoughts in the comments!
** EURCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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