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Eurcad!

EURCAD, Bear-Flag-Formation, Likely Completion Incoming!Hello, Welcome to this analysis about EURCAD, we are looking at the 2-hour timeframe perspectives. EURCAD in the recent times has shown up with important developments in the structure that indicate potential bearish continuations as I discovered. Therefore, as when looking at my chart now we can watch there how EURCAD emerged with this main wave-count to the downside and within this wave-count is now about to form the wave B in the structure with the bear-flag-formation developing, in this bear-flag-formation EURCAD has also the coherent wave-count from A to C with the waves A and B completed and as EURCAD now approached the resistance-cluster marked in red in my chart this will be a level where the wave-C is likely to finalize and therefore also the whole wave-count, when this happens and EURCAD pulls back in this region a continuation to the downside will follow up till the whole bear-flag has been completed which will happen with EURCAD closing below the lower-boundary of the bear-flag and continuing bearishly. Such a price-action will activate the bear-flag-target-zone marked in blue in my chart and when this zone has been reached it has to be elevated anew if EURCAD can hold this zone or just sets up for further bearish continuations to the downside, it will be an interesting development ahead. In this manner, thank you for watching my analysis about EURCAD and its main bear-flag-formation structure to consider with the upcoming completions and continuations ahead of the next times, support the analysis with a like and follow or comment for more market insight! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the market.
by VincePrince
6
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 :-)
Short
by ShahedZare
TIME TO BUY THE EURO? Is the Euro under-priced? The ECB raised rates this week. The Euro fell. The market has priced in this week's rate hike as the last. It thinks the ECB is done. Judging by current Euro Area inflation, there are more rate hikes to come. What does this mean? A stronger Euro, which is not currently priced in. Keep an eye on Euro Area inflation figures. If inflation continues to be sticky or unexpectedly rises, EUR pairs may rally. Possible explosive upside. In my opinion, the ECB is not done with their rate hiking cycle yet. There is more to come.
Long
by Samuel_Morton_Trader
1
EURCAD - 4hrs ( Sell Trade Target Range 200 : 300 PIP ) Pair Name : EUR/CAD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 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 —————————— 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
Short
by GoldenEngine
2
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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
3
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!
Long
by RLinda
13