Get started

EURCAD

SELL STOP SHORT EUR/CAD at 1.4713EUR/CAD has been carving out a sideways channel since Friday and the bottom of this channel coincides with the 200 EMA on 15M time frame which is also the 50EMA on H1. A break out of this channel and a break of the supporting EMA's would suggest we are headed lower. If we look at the H4 time frame we can see where the 200 EMA has supported the price and this looks a natural target for EUR/CAD BEARS should the 1.4716 support break. Price ALWAYS returns to the 200 EMA eventually and of course this happens more frequently on the lower time frames. On H1 we last saw the 200 EMA hit last Friday so we can expect to see the price gravitate to this key support level before long and a break of 1.4716 could see the start of a move south. There is no scheduled news expected from the EURO zone and the next CAD news is Fridays CAD Unemployment Change and Unemployment Rate so the the price should drift lower over the next few days as long as the channel is broken.
Short
by forextraplaces
EURCAD Will Go Down! Short! Please, check our technical outlook for EURCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.472. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.462 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Sell EURCAD Channel BreakoutThe EUR/CAD pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours. Key Points: Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 1.4730 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 1.4677: This represents the first level of support within the channel. 1.4645: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.4745. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
4
EURCAD - Potential long ✅Hello traders! ‼️ This is my perspective on EURCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block. Fundamental news: Next week on Friday we will see results of Unemployment Rate on CAD, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
EURCAD My Opinion! SELL! My dear friends, My technical analysis for EURCAD is below: The market is trading on 1.4677 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.4644 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. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Strifor || USDCHF-02/05/2024Preferred direction: SELL Comment: The franc also closed yesterday's target, and the fall is likely to continue in the short term. This applies to all major competitors of the US dollar , which has begun to correct. However, it should be noted that in a more global perspective, the US dollar is still strong, and we can expect the upward trend to continue. We consider a short trade on the franc through two scenarios near the level of 0.91424 . The most likely scenario №1 says about a fall from current prices. Scenario №2 - serves as plan B. We place the target for the fall at the level of 0.90500 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
Strifor || USDCAD-02/05/2024Preferred direction: SELL Comment: Yesterday's trading idea for the Canadian worked perfectly. Today, the likelihood of continued decline remains. The price is trading close to yesterday's target, namely the level of 1.37020 , at this level, the next short (breakdown downward) is being considered. We highlight two scenarios for ourselves with a common goal at the level of 1.36557. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
EURCAD A Fall Expected! SELL! My dear followers, This is my opinion on the EURCAD next move: The asset is approaching an important pivot point 1.4653 Bias - Bearish Safe Stop Loss - 1.4675 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.4619 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Sell EURCAD Ascending TriangleThe EUR/CAD pair on the M30 timeframe presents a potential shorting opportunity due to the presence of an ascending triangle pattern. Potential Short Trade : Entry: Consider entering a short position (selling) below the broken support trendline of the triangle after confirmation. Ideally, this would be around 1.4710 or lower if the price continues to decline. Target Levels: 1.4655: This represents the height of the triangle, measured from the apex (highest point) to the base (horizontal line), projected downwards from the breakout point. 1.4630: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. Stop-Loss: Once the entry point is confirmed, place a stop-loss order above the broken support line of the triangle, ideally with some buffer around 1.4732. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
24
Strifor || USDCAD-01/05/2024Preferred direction: SELL Comment: A busy middle of the week, during which we expect large statistics on production and the US labor market, and at the very end we expect the announcement of the Fed interest rate. In addition, we will find out the Fed's prospects for the near future. Against this background, US dollar shorts still look better, at least in the short term. For the USDCAD currency pair, we consider two scenarios that can be found on the chart. We consider two scenarios simultaneously, since volatility is a common phenomenon against the backdrop of such economic events. We consider the target for the fall to be at the level of 1.37020. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
Sell EURCAD Channel BreakoutThe EUR/CAD pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours. Key Points: Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 1.4660 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 1.4616: This represents the first level of support within the channel. 1.4588: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.4682. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
7
EURCAD Short Trade Setup A #short trade opportunity recently presented itself on the #euroloonie (#EURCAD) #trading chart 📉. This is indicated by the #bearish inverted pin bar candlestick 🕯️ pattern just below the 1.47313 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell). Sufficient downward momentum should see price dumping towards the 1.46000 psychological level and possibly testing the strength of the 1.45782 horizontal support level. As always, please apply appropriate risk management. Happy trading! #crosspair
Short
by charles-okoukoni
3
EURCAD: Geopolitical and Technical AnalysisThe euro is susceptible to fluctuations in energy prices, while the Canadian dollar stands to gain from them. Any developments concerning the conflicts in the Middle East or Ukraine, as well as increased tensions in these regions, could potentially lead to a bearish sentiment for EUR/CAD. However, I believe that the market's reaction to previous events, such as the Iran-Israel conflict, was perhaps exaggerated, and now there seems to be a reevaluation as markets return to their previous positions. We may see this trend persist until the next unexpected development from oil-producing countries I predict the green path, but I'm open to considering the red path as well. This viewpoint incorporates both intraday and long-term trading perspectives. Enter the trade after the zones have been breached.. Regarding the long-term view, just follow the path after breaking the lines
Long
by AliSignals
EUR/CAD: Leveraging Range-Bound Trading OpportunitiesThe EUR/CAD pair, since January 1st, 2023, has been traversing within a defined range, characterized by notable reversals between support and resistance levels. Recent market movements have unveiled a potential reversal pattern, signaling opportunities for astute traders. Initiating from its recent peak at 1.5050, EUR/CAD has embarked on a new trajectory, marked by a reversal pattern that warrants close attention. Notably, during Friday's trading session, the price encountered resistance, failing to surpass the 50% Fibonacci retracement level from its preceding lower low. This development underscores the significance of technical analysis in discerning potential market movements. Moreover, seasonal trends play a pivotal role in shaping price dynamics, and EUR/CAD is no exception. Historical data indicates a seasonal pattern where prices tend to decline until October. Armed with this insight, traders can strategically position themselves to capitalize on anticipated price movements. At our trading desk, we are closely monitoring these developments, poised to seize opportunities presented by the current market configuration. Leveraging our analysis, we are inclined to open a short position, targeting the 1.4200 level. However, it's crucial to acknowledge the possibility of further downward movement, potentially breaching the support level of the established range area.
Short
by FOREXN1
1
EURCAD Is Going Up! Buy! Take a look at our analysis for EURCAD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.460. Considering the today's price action, probabilities will be high to see a movement to 1.464. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1