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EURCAD

EURCAD H4 | Reacting off resistance Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.47467, which is an overlap resistance. Our take profit will be at 1.4622, a swing-low support level. The stop loss will be placed at 1.4794, which is above the swing high resistance level." High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
Continue the upward trendGreetings Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it. I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision. I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily. I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him. Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely, Mr. Nobody A bearish scenario in the direction of the higher degree pattern of the wave
Long
by Mehdi_Abbasi_EWP
EUR/CAD SELLEUR/CAD rapped into main supply and showed rejections with a bearish Engulfing and close of candle below Doji. Upon seeing this I waited for retirement to my sell entry@1.47500 with sl@1.47835 (Risking 33 pips). Tp1: 1.47000 TP2: 1.4675 TP3: 1.4655 TP4:1.4630 * Where has the market moved since I entered my trade? Did 20PIPS now gone back near BE * If I looked at the market now, would I take the same trade? Yes * How do I feel about my trade? Optimistic * What do I like about this trade ? good descent entry * What do I dis-like about this trade now? Choppy and taking time to move * On a scale of 1 to 10, where would I rate this Trade now? 7/10 * If I were not in a trade now, would I take the opposite trade ? no
Short
by mrachaw
1
Strifor || USDCAD-05/03/2024Preferred direction: SELL Comment: Medium-term shorts continue to be relevant for the USDCAD currency pair. As we said earlier, scenario №2 is more likely and even more effective. At the moment, there is a fact of accumulation of market longs, which provides a so-called resource for a fall. Here we note the presence of a limit buyer for CAD . Also, do not forget that this week we will have a decision from the Bank of Canada on the interest rate, which of course will affect this currency pair. The fall is currently expected towards the level of 1.35000. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
3
Strifor || GBPUSD-06/03/2024Preferred direction: BUY Comment: At the beginning of the week, the buy-priority is still relevant for the British currency , however, despite the presence of a limit buyer, a more likely long scenario looks precisely after a small downward correction towards the level of 1.26770 . In this case, a false breakout will be formed as soon as the price returns to previous levels after testing the level of 1.26770 , that is, it returns again to the level of 1.27100 , where the limit buyer is located. We set the target near the level of 1.27500, since pressing close to 1.28000 will be a rather risky maneuver, there is a high probability of a rebound downwards from this round resistance level. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
Strifor || EURUSD-06/03/2024Preferred direction: BUY Comment: The middle of the week has come, and, as we said at the beginning of the week, a rather eventful economic calendar awaits us. The buy priority for EURUSD remains relevant, which was also indicated at the beginning of the week. The growth target is located at the level of 1.09000 , and there is also a possibility that the instrument will try to grow towards 1.09500. As part of today, two long scenarios are proposed, where the more likely scenario is №1 , according to which, before moving to 1.09000 , a false breakout will be formed in the area of the level 1.085000 . Perhaps the deal will last until tomorrow. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
EURCAD I Potential long from support zone 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
EUR/CAD Analysis: Daily Zones and Cautions Traders, Let's assess EUR/CAD's daily zones and accompanying considerations: Wait for LTF Confirmations: Exercise patience and await confirmations from lower time frames before making trading decisions. Monthly RSI: Suggests a range zone, indicating potential stability. Weekly RSI: Indicates a potential bearish move, urging caution regarding long trades. Daily RSI: Signals more bearish days ahead, reinforcing the need for caution. Daily Chart: Presents a bullish channel, providing a potential avenue for upward movement. 1-Hour Chart: Identifies a buy zone around a broken level and a sell zone near the supply zone. Be mindful of these dynamics and ensure thorough analysis before entering trades. Best regards,
Short
by AliSignals
EURCAD-Ready to Short!We got a bearish trend change for EC. Now looking for trend continuation to take a short trade. We got the 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min and ATTACK! The 50% retracement and FVG are in line with previous support turned resistance- thus adding another confluence on this trade. This is looking like a very yummy short! Follow and Stay tuned my friends ;)
Short
by RomanaTrades
🔄 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
Short
by ProfessorCEWard
EURCAD - 4hrs ( Buy Trade Target Range 160 PIP ) 💵Pair Name EUR/CAD Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🌐 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 ) Mid Term Type : Mid Term Swing —————————— 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
Long
by GentleGoldenEngine
🇪🇺 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
Short
by AndeWave
1
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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1