EURCAD: Your Trading Plan 🇪🇺🇨🇦
EURCAD is trading within a wide horizontal trading range on a daily.
The price tested its upper boundary yesterday.
We see a strong bearish reaction to that.
Pay attention to the support of the range - the underlined green area.
If bears manage to close below that, it will be a strong bearish signal.
A bearish continuation will be expected to 1.4512 then.
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Eurcad!
EURCADOn the daily timeframe, the market is making a correction which I believe is completed, there is a break in trendline accompanied with a pullback which seems to be holding, from the current price, I am expecting a drop to the downside. If EURCAD can make a move below the previous low, then there might be a continues fall down to my TP level and even beyond.
EURCAD - 4hrs ( Buy Trade Target Range 180 PIP ) Pair Name : EUR/CAD
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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✔️ Key Technical / Direction ( Long )
Type : Mid Term Swing
Bullish Break
1.47800 Area
Bearish Reversal
1.49500
EUR/CAD Gave 3 Hours Ago , +70 Pips 0 Drawdown , New Entry AddedThis 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.
EUR/CAD At Good Supp , Giving A Good Bulish P.A , Time To Buy ?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.
EURCAD Will Go Higher From Support! Buy!
Please, check our technical outlook for EURCAD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.469.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.477 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EURCAD Massive Long! BUY!
My dear subscribers,
EURCAD looks like it will make a good move, and here are the details:
The market is trading on 1.4684 pivot level.
Bias - Bullish
My Stop Loss - 1.4631
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.4780
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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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 :-)
EURCAD LowerTrying EURCAD lower here.
We're currently in a triangle which i think could break to the downside.
I don't think the narrative supports EURCAD higher. The CAD narrative is continuing to perform well on a relatively hawkish BoC, strong inflation data in Canada and good economic activity. Looking at the EUR we have weak economic data, an ECB that is turning dovish and falling inflation.
Looking at the rate differentials, the pair looks out of line with them and is suggesting that we should be lower. Oil is also doing well which should help CAD.
Seasonals are bearish for EURUSD until about early september which should help EURCAD lower by proxy.
There's a lot of long positioning in EUR which could help any downside move.
I'll reconsider the trade is EU economic data comes in strong this week or if the pair breaks up through the triangle.
Not trading/investment advise, feedback welcome!
EURCAD, More upsite to see? EURCAD / 4H
Hello traders, welcome back to another market breakdown.
EURCAD pair has been trading in a bullish trend, the price is showing evidence of trend resumption so far. I'll look to get on for higher prices after getting the LTF confirmation.
Trade safely,
Trader Leo
EURCAD Potential DownsidesHey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.47300 zone, EURCAD was trading in an uptrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 1.47300 support and resistance area.
Trade safe, Joe.
EUR/CAD BULLS ARE STRONG HERE|LONG
Hello,Friends!
Bullish trend on EUR/CAD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 1.474.
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EUR CAD SHORTRisk 0.5%
TP1 = 1:2 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
EURCAD Secondary bullish wave ahead.The EURCAD pair is consolidating on the 1D time-frame above both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). This analysis is basically an update on July's pull-back buy idea (see chart below):
The price is now entering the secondary bullish wave of this sequence, continuing to mirror the February - April fractal. However, we do have to lower our final target to 1.50190, which is the 1.236 Fibonacci extension, as the current sequence appears to be shorter than the one of February - April.
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💱EURCAD - Symmetrical triangle before the impulseEURCAD stops near strong resistance and on the background of bullish trend the chart is forming a pattern that can form both upward and downward momentum
TA on the high timeframe:
1) Globally, a bullish trend is visible, but before strong resistances the price stops and forms consolidation
2 Consolidation is forming between key liquidity areas
TA on the low timeframe:
1) A symmetrical triangle is formed against the background of a bullish trend
2) Positive aspects of this pattern are that it is clear where to open trades (border breakout).
3) But, at the same time, in a bullish trend the price can break the support of the pattern and we will see a correction.
4) It is not important for us which of the borders will be broken, we need to wait for a signal, and it will be a breakout of the border with subsequent consolidation below or above the line.
Key support📉: lower triangle boundary, 1.47000.
Key resistance📈: upper triangle boundary, 1.47978