EURCADprice has reached the first support area, the price may go to next support area before going bullish... some Cad news tomorrow to watchout... but I think price will likely pick up soon... good luck
EURCAD
EUR-CAD Rising Channel! Buy!
Hello,Traders!
EUR-CAD is trading in an
Uptrend in a rising channel
And the pair is about to
Retest the rising support
And after the retest we
Will be expecting a
Further move up
Buy!
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EURCAD - 4hrs ( Buy 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 important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Long )
Type : Mid Term Swing
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Bullish Break
1.46900 Area
Reasons
- Major Turn level
- Channel Break
- Day + week High Break
- inner choch
- Fibo GOlden
- Visible Range Lvn
Bearish Reversal
1.49150 Area
Reasons
- Major Turn level
- Pattern Upper Band
- Quarters Area
- Choch Zone
- Fixed range hvn
- Fibo Golden
EURCAD: Bearish Continuation
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
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EURCAD: One More Bullish Confirmation 🇪🇺🇨🇦
I have already shared a very bullish forecast for EURCAD,
after a breakout of a key daily resistance.
Today we see one more intraday bullish confirmation
- a bullish breakout of the resistance line of a symmetrical triangle on a 4H time frame.
I believe that the market will reach at least 1.485 level soon.
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EUR/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
We are going short on the EUR/CAD with the target of 1.478 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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✅EUR_CAD BULLISH SETUP|LONG🚀
✅EUR_CAD is trading in
An uptrend and the pair is
Consolidating above the
Key horizontal level of 1.478
Preparing for a bullish move
Up so we will be expecting
A retest of the target level
Above at 1.482
LONG🚀
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EURCAD Under Pressure! SELL!
My dear followers,
This is my opinion on the EURCAD next move:
The asset is approaching an important pivot point 1.4778
Bias - Bearish
Safe Stop Loss - 1.4804
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.4737
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
EURCAD Is Very Bullish! Buy!
Please, check our technical outlook for EURCAD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.479.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.482 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURCAD: Intraday Bullish Signal! 🇪🇺🇨🇦
EURCAD formed a nice bullish flag pattern on an hourly time frame.
During the NY session, the price went up and violated a resistance line
of the pattern.
The market may keep growing on Monday.
Goal - 1.482
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EURCAD | Short D1 | Market Exec |Oil Over EuroTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 and H1 time-frame. D1 is also entering Overbought Conditions.
- Price action is at last month's Resistance Trendline
- Price action is in a Consolidation zone
- Targeting the 38.2% Fibo retracement
Fundamental Confluences for Trade:
- ECB plans to cut interest rate next month would weaken the EUR
- Oil price should sustain with all the ongoing geopolitical risks; supporting CAD economy
Suggested Trade:
Entry @ Area of Interest 1.4760 - 1.4790
SL @ 1.4820
TP 1 @ 1.4709 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.4664
Risk-to-Reward @ Approx. 2.34 (Depending on Entry Level)
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
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✅EUR_CAD WILL KEEP GROWING|LONG🚀
✅EUR_CAD is trading in an uptrend
And the pair was making a bearish correction
But is now about to retest a horizontal support level of 1.478
From here I am expecting the pair to go up
LONG🚀
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EUR-CAD Bullish Breakout! Buy!
Hello,Traders!
EUR-CAD broke the key
Horizontal level of 1.478
And the breakout is confirmed
So we will be expecting
A further move up
After the potential pullback
Buy!
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Check out other forecasts below too!
Two analytical ideas related to DXYEsteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules.
As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy.
I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision.
For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea.
My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace.
I express my gratitude for your continued support and kindness, and welcome your comments and critiques.
May my analysis be a valuable asset to your business journey, and I remain sincerely yours,
Mr. Nobody
Bearish market scenario
Bullish scenario
Will EURCAD pop higher?EURCAD EASYMARKETS:EURCAD
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✅EUR_CAD SHORT FROM RESISTANCE🔥
✅EUR_CAD surged again to retest the resistance of 1.478
But it is a strong key level
So I think that there is a high chance
That we will see a bearish pullback and a move down
SHORT🔥
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EURCAD The Target Is DOWN! SELL!
My dear friends,
EURCAD looks like it will make a good move, and here are the details:
The market is trading on 1.4767 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.
Goal - 1.4715
Recommended Stop Loss - 1.4800
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EUR/CAD BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
EUR/CAD pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.465 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EURCAD (Bearish)Starting your analysis and mapping out your support + resistances level from a higher timeframe such as the weekly or daily will give you a much better understanding of where price may be heading. Remember, to be able to determine the future more accurately, we must study our past. History repeats itself as they say.
*Always remember to let price action develop and use proper RISK MANAGEMENT*
EURCAD - Sell StopEURCAD - Sell Stop
- Bearish trend to follow after bearish reversal patter
- Take entry if previous HL is broken
swing entry long in eurcadlets take this entry just using market stracture we have the market bullish
EURCAD Will Go Down! 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 trading around a solid horizontal structure 1.478.
The above observations make me that the market will inevitably achieve 1.474 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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