EURCAD above the 1D MA50, aiming at 1.49250 by end of the month.The EURCAD pair has established trading above the 1D MA50 in the past 3 days and today should attempt to re-test it as a Support. Technically, this is the start of a bullish leg similar to Feb 15- Apr 25 towards the yearly High. Even though the last confirmation will be when the 1D RSI breaks above its Lower Highs trend-line, we are going already long on EURCAD to take advantage of the low price and target the 0.786 Fibonacci retracement level (1.49250) initially and the 1.51150 High in extension.
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Eurcad!
EURCAD Analysis 11July2023if you look at the movement of this pair on the D1 time frame, it looks like the price is stuck at a fairly strong resistance, and last week the price managed to breakout from the resistance (SR Flip). if you look at the bullish candle that formed a few days ago, the possibility of continuing the bullish trend is still strong. you can go long when the price approaches the SR Flip area.
EURCAD Potential DownsidesHey Traders, in this week we are monitoring EURCAD for a selling opportunity around 1.48 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 1.48 supply and demand area.
Trade safe, Joe.
EURCAD, H4 | Potential bullish bouncePrice has broken a key resistance-turned-support at 1.4516 which forms the basis of our potential bounce - this level also happens to coincide with the 23.6% Fibonacci retracement.
A bounce from here could see prices rise towards the 1.4631 level which is our next big overlap resistance.
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💱EURCAD - Waiting for a false breakthrough EURCAD is breaking the channel resistance, but there is no the reaction that everyone is waiting for.
A bottom has formed on d1 and a counter-trend movement is starting to form.
TA on the high timeframe:
1) Price breaks the resistance at 1.45120, but there is no impulse, which should happen when breaking the resistance
2) The same flat is formed. The price may return to it when falling below 1.45120.
TA on the low timeframe:
1) Price breaks the resistance of the local bullish channel, there is no impulse and a strong consolidation is formed above the resistance. If price goes down and passes 1.45430, forms consolidation below the level, correction to 1.44250 will begin
2) Actual resistance retest may end up as a false breakdown. A change of trend is out of the question, a downward correction may be formed.
3) BUT! If 1.45630 is broken through and consolidation is formed above the level, the price will be able to continue rising to 1.46300.
Key resistance📈: 1.45630
Key support📉: 1.45430
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 make the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.44000.
Fundamental analysis: Next week on Wednesday will be released Interest Rate on CAD which is forecasted to increase by 0.25%, this means strength in currency.
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GBPCAD I Retest and more upsideWelcome back! Let me know your thoughts in the comments!
** GBPCAD 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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CADJPY I Approaching pivot support Welcome back! Let me know your thoughts in the comments!
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EURCAD looking ready for a big move to the upside (10-14 July)On the weekly: a triple bottom (including a false break).
On the daily: Neutral to bullish. The last 3 weeks we have seen a gradual move up and price has been above the 200dma.
On the H4: Looks bullish. A nice strong move up followed by a range formation. The false break below confirms my bullish bias.
If, however, we get a close below 1.4470 that would negate my analysis.
Obviously, I want a lower entry. Will it be at the range bottom or at the support in the 1.4500 area or at the major support at 1.4470 area? I have no idea – I am not in the prediction business, I am trying to read price action and act when I sense that the odds are in my favor.
There is room for large gains herein the long term, perhaps until the 1.51’s, but for now I am looking to target the 1.4620 and 1.4740 regions.
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EURCAD: Will Keep Growing! Target for Buyers is: 1.45644
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURCAD chart which, if analyzed properly, clearly points in the upward direction.
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EURCAD: Important Breakout & Bullish Continuation 🇪🇺🇨🇦
After a bullish accumulation, EURCAD broke and closed above a wide horizontal supply cluster on a daily.
The broken structure turned into a demand zone.
I believe that the pair will go higher.
Next resistance - 1.463
For entries, consider the occasional retest of a broken structure.
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My Entry Reasons For This Week Trades ,Free Trade ,Full DetailsThis 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 I Key resistance broken and more upsideWelcome 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 on the MA50 (1d) after 2 months.EURCAD hit today the MA50 (1d) for the first time since May 12th.
The real pivot though that turns the trend from bearish to bullish and vice versa, has been the MA100 (1d), which is currently a little higher at 1.45996.
A candle close over it, is a buy signal, despite the presence of Resistance (1).
The long term trend remains bullish supported by the MA200 (1d) and the Rising Support since August 2022.
Trading Plan:
1. Buy if the price closes a candle over the MA100 (1d).
Targets:
1. 1.5000 (near Resistance 2)
Tips:
1. The RSI (1d) has formed a Channel Up pattern which is consistent with the rallies of November 2022 and February 2023.
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EURCAD - Multi-timeframe analysisFX:EURCAD
Hello trader! I am glad to share my idea about this pair.
Just remember to manage your capital while trading. No matter how perfect your trading system is, the way you mange your risk is the key to be a consistent trader. The winning trader is always a consistent trader.
From H4 timeframe, we can see that price is reaching strong demand zone, price also make higher high structure.
For the entry, I normally use m5/m15. Will keep you updated once entry is ready
eurcad 2h advanced xabcd setup short/hold tp 4250🔸speculative xabcd setup advanced entry bears with confirmed
reversal at point C at 4490. Expecting short-term losses.
point C was printed recently and confirmed a higher high setup.
🔸XABCD pattern structure is defined by point X at 4310
point A at 4475, point B at 4350, point C at 4490
and point D at 4250, which is a 127 extension.
🔸Recommended strategy bears: seek to short/hold near market
and put SL below recent high at 4490 and TP at 4250
at point D of the pattern structure. Advanced XABCD entry
strategy so use conservative lot sizes and do your own due dill.
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EUR/CAD long +150 pipHello Traders
it seems that EUR/CAD is in the correction phase.
Short term price action tells us that EUR/CAD is bullish near term.
Our technical view has been shown in the chart.
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