🔄 EURCAD: Curve Analysis (16H)🔄(Based on the 1H Curve)
-SL3 @ 1.5045 🚫 (conservative)
-SL2 @ 1.4910 🚫 (moderate)
-SL1 @ 1.4765 🚫 (aggressive)
SLO3 @ 1.4750 ⏳ (suggested by P2P INDi)
SLO2 @ 1.4719 ⏳ (suggested by P2P INDi)
SLO1 @ 1.4695 ⏳
TP1 @ 1.4662
TP2 @ 1.4613
TP3 @ 1.4578
TP4 @ 1.4523
TP5 @ 1.4485
SUPPORT @ 1.4475
Intermediate time frames (4 hours to 6 day):
— Offer a clearer picture of the underlying trend compared to short-term frames.
— Provide more opportunities for confirmation signals and technical analysis.
— Allow for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
🔑
DT = DOWNTREND
ITF = INTERMEDIATE TIME FRAME
PA = PRICE ACTION
SL = STOP LOSS
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
⏳ = PENDING
EURCAD
EURCAD - 4hrs ( Buy Trade Target Range 160 PIP ) 💵Pair Name EUR/CAD
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Long ) Mid Term
Type : Mid Term Swing
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Bullish Break
1.45500 Area
Reasons
- Major Turn level / D
- Fixed Range Poc
- De Value Break
- Choch area
- Golden Fibo Zone
- D+ W H Break
Bearish Reversal
1.47250 Area
Reasons
- Major Turn level / W
- 2 Bounce Trend line
- Pattern Target
- Choch Area
- Quarters Area
🇪🇺 EURCAD 🇨🇦 - Retest of resistance before further declineThe currency is purposefully moving towards the resistance at 1.4728, which plays the role of the upper boundary of the flat. Accordingly, the global trend is downward and the resistance area in this context plays a key role before further decline.
Reasons for further decline:
1) Counter-trend correction
2) Liquidity and resistance areas at 1.4728 are strong enough for a breakout
3) Flat from the upper boundary of 1.47200 may push the price downwards
4) There are no fundamental reasons for the euro to rise
EURCAD Is Going Up! Long!
Please, check our technical outlook for EURCAD.
Time Frame: 45m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.465.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.467 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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NZDCAD: Local Bearish Reversal?! 🇳🇿🇨🇦
I see a nice bearish reaction to a key daily horizontal resistance on NZDCAD.
After a test of the underlined blue area, the price started to consolidate and formed
a horizontal range on a 4H time frame.
Its support was violated and for us, it is an import sign of strength of the sellers.
We can expect a bearish continuation now at least to 0.83
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EURCAD: Pullback From Key Level 🇪🇺🇨🇦
I see a nice bullish confirmation after a retest of a broken structure on EURCAD.
The price formed a falling wedge pattern and violated its resistance on an hourly time frame.
We can expect a local bullish movement to 1.4675
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EURCAD: Strong Bullish Confirmation 🇪🇺🇨🇦
Update for EURCAD.
Earlier we spotted a confirmed bullish reversal on a daily time frame.
After a violation of a daily horizontal resistance, the price started to consolidate
with a bullish flag pattern on a 4H time frame.
The resistance of the flag was broken today with a high momentum bullish candle.
It is a strong bullish confirmation and it indicates that more growth is coming.
Next resistance - 1.4699
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EURCAD - Bullish perspective ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here I changed my mind, so I will look for a long opportunity. I want price to continue the retracement to fulfill the imbalance and then to reject from bullish order block + FIBO 0.618 level.
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EUR/CAD BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
EUR/CAD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 3H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.457 area.
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EUR-CAD Support Ahead! Buy!
Hello,Traders!
EUR-CAD is making a
Bearish correction after
A strong push upwards
But the pair will soon
Retest a horizontal support
Level of 1.456 from where
I think we will see a
Bullish rebound
Buy!
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Check out other forecasts below too!
EURCAD - Expect AMD Pattern ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: As we can see here price accumulates for last couple of weeks so I expect we can see AMD pattern. Price to manipulate buy side liquidity and then to distribute lower.
Fundamental news: Next week we will see result of monthly CPI on CAD.
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EURCAD,🟢Is it time to buy?🟢(Details on caption)
Well, The price had a bullish reaction after touching the daily FVG, so I expect a more bullish move in EURCAD.
As the first target, we can define the liquidity pool that formed as an equal high at 1.4573.
The price formed the bearish order block, we should study the price in this zone because it is an important supply zone, if the price breaks this zone we can expect the price to be at a higher price.
If the price stays above the daily bullish FVG, the bearish FVG can be our final target. (1.4780-1.4890)
EURCAD I Potential intraday short to 50% fib of impulse candle Welcome 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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EURCAD: Bears Will Push
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURCAD pair which is likely to be pushed down by the bears so we will sell!
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EURCAD A Fall Expected! SELL!
My dear friends,
Please, find my technical outlook for EURCAD below:
The price is coiling around a solid key level - 1.4554
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.4515
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
EURCAD Will Go Higher! Buy!
Here is our detailed technical review for EURCAD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.449.
Considering the today's price action, probabilities will be high to see a movement to 1.451.
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.
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EURCADEURCAD is trading in fine range of 100 pips .
sometime ranges are best thing to play , all you need to just buy the support and sell the resistance.
currently the pair is trading at the support of the range and showing the fine bullish rejection .
Will it head to top to the resistance of the range.?