EURCAD POSITIONED FOR ECBLORDVAL's VIEW; June candle opening price gave confirmation to the bull set up, putting ECB RATE DECISION into consideration, we have more reasons to be bullish on EURCAD this point in time
Eurcad!
EURCAD I Watch for break of range and these levelsWelcome back! Let me know your thoughts in the comments!
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EURCAD → Consolidation near resistanceEURCAD is trading in a formed bearish price channel.
An accumulation is forming on the chart which might try to break the trend, but on D1 MarketMaker is forming a trap
TA on a high timeframe:
1) Price does not reach the 1.4247 level and starts to reverse, there is a possibility that with increasing buyer activity, MarketMaker may reverse the market in the 1.44250-1.34700 area and direct it to 1.4242.
2) Above the 1.4400 area there is a large amount of liquidity that could be of interest to the market.
TA on the low timeframe:
1) Price is in a downward channel.
2) Resistance retest is forming.
3) If the bears hold this area, we will see a fall in the near future
4) But if the resistance is broken, our target is 1.45160
Key support: 1.43180
Key resistance: channel resistance
EUR/CAD SENDS CLEAR BULLISH SIGNALS|LONG
Hello,Friends!
The BB lower band is nearby so EUR-CAD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 1.475.
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✨ NEW: EURCAD ✨ SWING TRADE ✨TP3 @ 1.4765 (closing ALL Buy Orders)
TP2 @ 1.4625 (shaving 25%)
TP1 @ 1.4466 (shaving 25%)
BSO @ 1.4375⏳
BLO @ 1.4315⏳
TECHNICAL ANALYSIS:
— The EURCAD is currently trading at 1.43431
— The moving averages are all pointing upwards, which is a bullish signal
— The RSI is in the overbought zone, which could signal a potential sell-off
— The MACD is crossing above the signal line, which is a bullish signal
Overall, the technical analysis for EURCAD is bullish. However, the RSI being in the overbought zone that could signal a potential sell-off. Based on this calculated guess, I'm going my chances with a Buy Order(see above)
HIGH IMPACT EVENTS:
— The economic outlook for the Eurozone and Canada
— The interest rate differential between the Eurozone and Canada
— Crude oil prices
— Geopolitical events
FUNDAMENTAL ANALYSIS
Interest Rates:
The European Central Bank (ECB) has raised interest rates twice in 2022, while the Bank of Canada (BoC) has raised rates four times. This has put upward pressure on the Canadian dollar and downward pressure on the euro.
Inflation:
Inflation is slightly higher in Canada. This could lead to further BoC rate hikes, which would continue to put downward pressure on the euro.
EURCAD - Sliding LowerEURCAD - My "pair nobody wants" continued its downtrend this week - making entries difficult; at least for myself.
(Regretting closing my short entry at 1.50715)
Fundamentals this week supported further movement in the current direction, from my point of view. Risk off! (Well never, but its lower)
If the week ahead stays within boundaries Ill be looking for something like this to play out - seems probable we can push up to 1.445 area. Would be interested to see if we get a decent reaction there..
Patiently waiting for Thursday afternoon/evening. If you took the time to read this, take a look back at that time for yourself - nice coupler with your other technical preferences, if they so fit there.
Happy Trading - Stay Agile
EURCAD: Short Trade Explained
EURCAD
- Classic bearish formation
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Short EURCAD
Entry Level - 1.43356
Stop Loss - 1.44465
Take Profit - 1.41692
Our Risk - 1%
Start protection of your profits from higher levels.
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EURCAD Potential DownsidesHey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.43600 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 1.43600 support and resistance zone.
Trade safe, Joe.
EURCAD: One More Breakout 🇪🇺🇨🇦
EURCAD keeps falling.
The price broke and closed below one more key daily support.
1.4327 - 1.4350 area turned into resistance now.
I suggest looking for shorting from that zone.
Next support - 1.425
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EURCAD BUYdo not ask why. Only BUY because its on good support point. and i am sure 99% its will go up.
USDCAD I Bullish CAD News but in the rangeWelcome back! Let me know your thoughts in the comments!
** USDCAD 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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GBPCAD I How to trade it following BOC Rate ReportWelcome 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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EUR-CAD Will Go UP! Buy!
Hello,Traders!
EUR-CAD keeps falling
Down and the pair
Will soon be quite
Oversold so after
The retest of the horizontal
Support at 1.426 from
Where we are likely
To see a bullish correction
Buy!
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EUR/CAD What Next? BUY!
My dear friends ,
My technical analysis for EUR/CAD is below:
The market is trading on 1.43401 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.43920
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EUR/CAD BULLISH BIAS RIGHT NOW| LONG
Hello,Friends!
EUR/CAD pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 1D timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.487 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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EURCADEURCAD is trading in long term bearish trend. Every bounce is being sold heavily. 50 EMA along with bearish channel resistance, is putting the pair under sell pressure.
