EUR_CAD WILL KEEP GROWING|LONG|
✅EUR_CAD keep growing
In a strong uptrend and
We are seeing a bullish
Breakout which reinforces
Our bullish bias and
We will be expecting
A further move up
LONG🚀
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Eurcad!
EUR-CAD Bullish Breakout! Buy!
Hello,Traders!
EUR-CAD is trading in an
Uptrend and the pair made
A strong bullish breakout
And the breakout is confirmed
So we will be expecting a
Further move up
Buy!
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EUR/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
We are going short on the EUR/CAD with the target of 1.480 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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EURCAD: Growth & Bullish Continuation
The recent price action on the EURCAD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up.
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EURCAD
OANDA:EURCAD After the price reaches the specified level,
if you see the Bearish hammer candle in the one-hour ( SHORT POSITION),
and if the desired level is broken, after the pullback buy.
Consider your risk management before entering a trade.
This analysis is for informational purposes only and does not constitute investment advice.
All consequences of using this signal are at your own risk.
EUR_CAD RISKY LONG|
✅EUR_CAD went down but
Then a horizontal support
Was hit at 1.4920 and we are
Already seeing a bullish
Rebound so we will be
Expecting a local
Bullish rebound
LONG🚀
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EURCAD - 4hrs ( Sell Trade Target Range 150 PIP ) Pair Name : EUR/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t 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
1.50000 Area
Reasons
- Major Turn level / M
- Channel Break
- Fibo Ext Golden
- Fixed Range Value
- Fibo Time Zone
Bullish Reversal
1.47500 Area
Reasons
- Major Turn level
- Visible Range LVN
- Pattern Target
- Choch Zone
- Quarter's Area
EURCAD I Correction and potential continuationWelcome 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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EUR/CAD mini upward wave to 1.51(07/31/2024)Bears are controlling CAD, in fact, there is no reason to be bullish on CAD neither Fundamental nor technical!
EUR/CAD is on a strong bullish bias. CPI data was positive and made EUR stronger.
We are expecting the price to reach 1.51 where the most liquidity has been placed eventually.
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Sign of overbought...Loss of momentum in EURCAD. Bear can make money after channel break.
Trade safe.
Good luck.
EURCAD Forex Pair Analysis: Market Trends and Key Levels✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the EURCAD pair in the Forex market.
🗂 About the Pair: The EURCAD pair represents the exchange rate between the Euro and the Canadian Dollar. It's influenced by factors such as European and Canadian economic data, central bank policies, and global market sentiment.
📊 Weekly Timeframe Analysis
In this timeframe, EURCAD has shown significant range-bound movement. The pair is currently testing a key resistance level around 1.50153, with major support found at 1.29621. The RSI indicator shows a reading of 62.21, suggesting the market is nearing overbought conditions but not at extreme levels yet.
📈 If EURCAD breaks above 1.50153, we could see further bullish momentum, potentially reaching towards the next resistance level at 1.57769.
📉 Conversely, if the price fails to break through and reverses, a pullback towards the support level of 1.43037 could indicate a bearish trend continuation.
📊 Daily Timeframe Analysis
On the daily chart, EURCAD has been trending upwards since early 2023, with the current price action testing the resistance around 1.50153. The RSI at 63.44 reflects bullish momentum but is close to overbought territory.
🧲 A breakout above 1.50153 could signal a continuation of the uptrend, targeting higher levels.
📉 However, a reversal or stabilization below 1.49002 may indicate a weakening of the bullish trend and potential for a correction.
📊 4-Hour Timeframe Analysis
In the 4-hour timeframe, EURCAD recently experienced a strong bullish impulse, followed by a consolidation phase. The pair is currently testing resistance at 1.50182.
📈 For long positions, a breakout above 1.50182 could provide an entry point, with targets at 1.51000 and beyond.
📉 For short positions, key support levels to watch are 1.49188 and 1.48730, with a potential for deeper retracement towards 1.47733.
📊 RSI Oscillator
The RSI across the timeframes is currently indicating a mixed outlook:
Weekly: 62.21, close to overbought
Daily: 63.44, nearing overbought
4-Hour: 46.58, neutral with room for both upside and downside
A clear break of the RSI levels, combined with price action confirmation, could help identify potential trade entries.
🧲 Conclusion
Given the current bullish momentum in the weekly and daily timeframes, a short-term long position could be considered if EURCAD breaks above 1.50153. However, caution is warranted as the pair approaches resistance, and the RSI suggests potential overbought conditions. A watchful eye on support levels and volume trends will be crucial for assessing the strength of any moves.
⚠️ Please note that this is not financial advice. I'm simply providing this analysis for educational purposes. Always do your own research and consider your trading strategy and risk management plan.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a pair you'd like me to analyze next.
From a bullish order flowThe daily rejection block has been successfully respected because we have and bearish engulfing candlestick, this is to confirm a bearish market. On the 4h timeframe we have a break of structure followed by a sweep with let price to clear the previous swing low. We now have a shift, anticipating a flip to level 1.50100 for a bearish entry, in this trade we are risking 20 pips in order to gain 100 pips because we are targeting the significant zone at 1.49100…
EURCADIs EURCAD exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 1.4900 followed 1.4800
What you guys think of it?
EUR-CAD Potential Short! Sell!
Hello,Traders!
EUR-CAD is trading in an
Uptrend and the pair is locally
Overbought so after the pair
Hits the horizontal resistance
Of 1.5050 we will be expecting
A local bearish correction
Sell!
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EUR_CAD SHORT FROM RESISTANCE|
✅EUR_CAD has been growing recently
And the pair seems locally overbought
So as the pair is approaching a horizontal resistance of 1.5050
Price decline is to be expected
SHORT🔥
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EUR/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
EUR/CAD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.495 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EURCAD Buyers In Panic! SELL!
My dear subscribers,
EURCAD looks like it will make a good move, and here are the details:
The market is trading on 1.4943 pivot level.
Bias - Bearish
My Stop Loss - 1.5018
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probableBearish continuation.
Target - 1.4844
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.
———————————
WISH YOU ALL LUCK
EURCAD long Opportunity
Uptrend : The EUR/CAD pair is in a strong uptrend, characterized by higher highs and higher lows.
Support and Resistance Levels : The pair has broken a key resistance level around 1.49561, which now acts as support. The next significant resistance is at 1.50450.
Moving Average : The current price is above the 200-period SMA, indicating long-term bullish momentum.
The position aims to capitalize on the continuation of the uptrend following the break of resistance at 1.49561.
The stop loss is placed below the recent support to minimize risk in case of a trend reversal.
The take profit is set at 1.50450, aligned with the next potential resistance zone.
EURCAD Will Keep Growing! 🇪🇺🇨🇦
As we discussed on Friday - EURCAD broke and closed above a resistance line
of a bullish flag pattern.
I bought the pair after the market opening on a retest of a broken trend line.
We can expect more growth and a test of a current high - 1.497
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EURCAD Can Fall Fall Further DownThe last standard W pattern had failed. EURCAD completed an extended W pattern. It showed some rejection from the top. We have a support level in there. If this support levels is broken and confirmed with a bearish signal, we can see a good short opportunity. Targets are on the screen:
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EUR_CAD POTENTIAL LONG|
✅EUR_CAD is trading in an
Uptrend and the pair made a
Breakout and a retest of the
Key horizontal level of 1.4920
Which is now a support and
We are already seeing a
Bullish rebound so we
Will be expecting a
Further bullish continuation
LONG🚀
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——————————————————————————
Sell EUR/CAD Channel BreakoutThe EUR/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.4932, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.4880
2nd Support – 1.4853
Stop-Loss: To manage risk, place a stop-loss order above 1.4965. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
How To Make The Link Between Technical And Fundamental AnalysisWithin Market trading, regardless of the assets involved, you need to form both a technical and fundamental case for your bias.
When you do this, you grip great deals, and you also know where it is likely you will head.
This is simple to learn, when described in a simple format.
