EURCAD: Pullback From Key Level 🇪🇺🇨🇦
After a strong bearish movement, EURCAD looks quite exhausted.
The pair reached a key daily support and formed a double bottom on that on an hourly time frame.
Probabilities are high that we will see a pullback today.
Goals: 1.4435 / 1.4465
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Eurcad!
EURCAD - 4hrs ( Sell Trade Target Range 200 : 300 PIP ) Pair Name : EUR/CAD
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( ❗️ Short )
Type : Mid Term Swing
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Bearish Break
1.45850
Reasons
- Major Turn level
- Visible Range Lvn
- Choch Braek Out
- Pattern Break
- Week / Day low Break
Bullish Reversal
1.42500 Area
Reasons
- Major Turn level
- Visible Range Lvn
- Pattern Target
- Quarter's Area
- Fibo Golden
- Liquidity Zone
EURCAD - 4hrs ( Down + 180 PIP / Tp 3 > Full Closed )Pair Name : EUR/CAD
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Short
📋 Educational
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➡️ Update -
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VIP Opportunity
Take Profit 1 + 2 + 3
Account Growth = 15 %
Pip' Achieved = 180 PIP
EUR/CAD +70 Pips , 0 Drawdown , New Entry Added To Who Missed !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EURCADEURCAD is trading in descending channel and printing consistent LLs LHs. Currently the price is broken the important support zone then any retest of broken level will be another sell option.
If the sell momentum continues the next target could be 1.4500 region.
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EURCAD Will Grow! Long!
Here is our detailed technical review for EURCAD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.456.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.465 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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✅EUR_CAD GROWTH AHEAD|LONG🚀
✅EUR_CAD went down after
The breakout of the rising support
Just as I predicted in my previous
Analysis but then the pair has almost
Reached the horizontal support
Of 1.4500 from where I think
We will see a bullish move up
LONG🚀
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EUR/CAD Giving Amazing Bearish P.A , Short Setup To Get 200 PipsThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EURCAD → Symmetrical triangle may continue the trend FX:EURCAD forms an interesting set-up, which in the medium term, if the right scenario is realized, can continue the previously formed bullish trend.
On the chart, I noted a symmetrical triangle, which is developing within a global flat formation after a prolonged growth of the currency pair. Another resistance retest still cannot break the resistance, the price will form a correction and local consolidation. It is possible that the price may form a small correction to the support at 1.4656. From the mentioned level may be followed by another rebound and further growth. But, the forming local consolidation near the triangle resistance may also lead to the breakout of the figure resistance, consolidation above the line will be the confirmation of the buy signal.
Also we should not forget that the price, on the background of unpredictable events, can break the support of the figure and in this case the price can quickly reach the support at 1.44894.
Resistance levels: the upper facet of the triangle, the level of 1.4771.
Support levels: support of the figure and 1.4656.
In the long term, I expect a breakout of resistance and further growth, but the opposite scenario may follow, when the price may break the support.
Regards R. Linda!
EURCAD Will Explode! BUY!
My dear friends,
Please, find my technical outlook for EURCAD below:
The instrument tests an important psychological level 1.4563
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.4656
Recommended Stop Loss - 1.4511
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
EURCAD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
EUR/CAD BULLS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
EUR/CAD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 3H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.465 area.
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EURCAD Potential DownsidesHey Traders, in today’s trading session we are monitoring EURCAD for a selling opportunity around 1.46400 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.46400 support and resistance area.
Trade safe, Joe.
EURCAD Is Going Down! Short!
Take a look at our analysis for EURCAD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.459.
Considering the today's price action, probabilities will be high to see a movement to 1.449.
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 Swing Short! Sell!
Hello,Traders!
EUR-CAD broke the long-term
Rising support line and the
Breakout is confirmed so we
Are bearish biased on the pair
And we will be expecting
A bearish continuation
With the aim of retesting
The local support below at 1.449
Sell!
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Check out other forecasts below too!
EURCAD Getting Ready to Break the July Highs😮Hey guys , Ideal on EURCAD is That We are Overall Bullish Starting From the Daily Timeframe Down to the H4 Timeframe Which Price is Now Pulling Back to Level 1.44537 on H4 Timeframe for a Buying Opportunity to Then Target the July High . Drop Your Comments on the Comments Section,
Trade Safe James.❤