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EURCAD

EURCAD: Your Trading Plan Explained 🇪🇺🇨🇦 EURCAD looks quite exhausted after a strong bearish movement in the morning. The price is currently testing a key daily support. I think that the price may pull back from that. Your confirmation to buy will be a bullish breakout of a neckline of a double bottom pattern on 1H time frame. An hourly candle close above 1.4723 will confirm a violation. A bullish movement will be expected to 1.4745 level then. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
Bearish reverse off 38.2% Fibonacci resistance?EUR/CAD is rising towards the pivot and could potentially reverse to the support which has been identified as a pullback support. Pivot: 1.48381 1st Support: 1.47755 1st Resistance: 1.49088 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
EURCAD - 4hrs ( Sell Trade Target Range 150 PIP ) ☑️Pair Name : EUR/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ 🛡 spreading knowledge among us and to clarify the most important 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 1.47350 Area reasons - Major Turn level - Channel Break - Choch Zone - Fibo golden - Inner Counter Bullish Reversal 1.46300 Area reasons - Major Turn level / D - Pattern Target - Choch Zone - Fibo Golden - Visible range lvn
Short
by GoldenEngine
EURCAD Massive Short! SELL! My dear subscribers, EURCAD looks like it will make a good move, and here are the details: The market is trading on 1.4851 pivot level. Bias - Bearish My Stop Loss - 1.4884 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.4805 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
Short
by AnabelSignals
1
EURCAD:Key Level and French Election ImpactHello Traders, In today's trading session, we're closely monitoring EUR/CAD for a potential selling opportunity around the 1.48100 zone. The pair had been in an uptrend but recently broke out of it, entering a correction phase. It is now approaching the 1.48100 area, which acts as a key support and resistance zone. On the fundamental side, the recent EU parliamentary elections in France resulted in a significant majority for a far-right candidate, who has historically advocated for France to leave the EU. This development has weakened the EUR. Moreover, President Macron's decision to call for an early French election has heightened political instability, posing additional risks to the EUR. Stay vigilant and trade safe, Joe
Short
by JoeChampion
EURCAD potential 400PIPS!! SELL opportunityEUR/CAD is setting up for a lucrative short trade as it retraces to test the descending trend line resistance around the 1.4950 region. This technical pattern suggests a high-probability reversal, where traders can look for bearish entries. Target the first take-profit (TP1) at the immediate support level of 1.4700, and if the bearish momentum continues, aim for TP2 at the significant support zone around 1.4450. This confluence of trend line resistance and key support levels creates a compelling sell setup, perfect for traders looking to capitalize on EUR/CAD's anticipated downtrend. Enter short near 1.4950 with a stop loss above the trend line, maximizing profit potential as the price targets lower support zones!
Short
by akumjoel
Could 1.50 Resistance Spark Another 1,000 Pip Drop?The EURCAD pair has been steadily rising since the beginning of the year. After a brief stall at the 1.48 weekly resistance, which was broken last month, we have seen a drop and retest of this level, now acting as support. Price has already surpassed last month’s high this week. So, what’s next? The most logical next target for bulls is the 1.50 resistance, a historically tough level to break over the past four years. Each attempt to move past it resulted in the weekly candle closing below the level. If you read a previous idea I posted last year on this pair we sold at the exact same level In fact if you zoom into the daily charts we can see that price is actually stuck in a near 1,000 pip daily range between 1.51 and 1.42 (see image below) I expect price to move up into the top of the range between 1.50 and 1.51. At this point, I will look for sell signals using my TRFX indicator or signs of slowing momentum on lower time frames. To identify slowing momentum, I examine lower time frame charts (4-hour to daily) for price transitioning into a sideways movement pattern as it approaches the sell zone. Divergence signals on the MACD are particularly useful for spotting this momentum shift. My first target for this position is the previous resistance, now support, slightly below 1.48. Price may see a short bounce at this level and possibly retest 1.50, where we can enter another sell signal. Next, I target a move down to February’s weekly swing low at 1.45, followed by a move to the bottom of the range at 1.42. The likely path is charted below. For this trade to be invalidated, we would need to see a weekly or monthly close well above 1.50, indicating buyers aiming for mid-1.50 levels. Given past reactions at 1.50 and the significance of this high time frame (HTF) level, a sell position is the most realistic approach for now. Let me know your thoughts below.
Short
by TheFxAce
9
EURCAD What Next? SELL! My dear friends, Please, find my technical outlook for EURCAD below: The price is coiling around a solid key level - 1.4860 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.4822 Safe Stop Loss - 1.4888 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1