EURCAD: Double Bottom Surge! Watch Out for Key News TodayHello, Traders!
We're seeing an optimistic market scenario unfold with the recent double-bottom confirmation on the 4-hour timeframe for our pair. It strongly indicates a potential upward swing, and we may see levels rising to 1.477 and above. Coupled with the overall bullish market direction, this aligns perfectly with our trading predictions.
Today, the market's pulse will be determined by key economic events and news. Noteworthy among these are:
The Bank of England Minutes and Monetary Policy Report.
BoE's Interest Rate Decision and Governor Bailey's speech.
US Challenger Job Cuts and Initial Jobless Claims for July.
USD Nonfarm Productivity for Q2 and ISM Services PMI for July.
These are crucial market influencers and can cause quick price fluctuations. Keep an eye on these indicators and stay prepared to adapt your positions accordingly.
Eurcad!
EURCAD Potential DownsidesHey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.46600 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.46600 support and resistance zone.
Trade safe, Joe.
EUR/CAD Set To Fall! SELL!
My dear subscribers ,
This is my opinion on the EUR/CAD next move:
The market is trading on 1.46025 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.
Target - 1.45092
My Stop Loss - 1.46550
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
USDCAD I It has broken the range and channelWelcome back! Let me know your thoughts in the comments!
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EUR/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
EUR/CAD is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 1.446.
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EUR CAD SHORT Risk 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 I Bearish flag breakoutWelcome 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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EURCAD Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring EURCAD for a selling opportunity around 1.46700 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.46700 support and resistance zone.
Trade safe, Joe.
EURCAD Daily still uptrend.This should be pullback to go higher?
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
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EURCAD - Add new short ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: As I said in my previous analysis here price continue bearish price action, now I add new short position as price filled the imbalance and rejected from bearish order block + institutional big figure 1.46000.
Fundamental analysis: Next week on Friday will be released Unemployment Rate on CAD and if the result is positive it will support our analysis.
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EURAUD I Brief short and break of rangeWelcome back! Let me know your thoughts in the comments!
** EURAUD 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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EURCAD Will Fall! 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 testing a major horizontal structure 1.450.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.442 level soon.
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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EUR/CAD LONG FROM SUPPORT
Hello,Friends!
We are going long on the EUR/CAD with the target of 1.484 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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EURCAD I Long from trend line supportWelcome 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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