EURCAD Bullish Breakout! EUR-CAD broke out of
The falling channel pattern
And the breakout is confirmed
So we will be expecting
A further move up!
EURCAD
EUR/CAD BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
EUR/CAD is making a bullish rebound on the 2H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.460 level.
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EURCAD : Long Trade , 4hHello traders, we want to check the EURCAD chart. The price has broken the ascending channel and is currently moving in a descending channel. The price has reached the indicated key level and we expect this level to stop the downward trend of the price. If the price cannot break this level downwards and break the descending channel upwards, our first target will be the price of 1.47000. Good luck.
EURCAD: Top-Down Analysis & Bullish Outlook 🇪🇺🇨🇦
EURCAD reached an important confluence zone on Friday.
The underlined blue area based on 618/50 retracements of the last
2 bullish impulses and a horizontal key support.
As a bullish confirmation, the price broke a resistance line of a falling wedge pattern
on an hourly time frame.
We can expect a pullback now.
Goals: 1.466 / 1.469
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EUR-CAD Local Long! Buy!
Hello,Traders!
EUR-CAD is going down now
But will hit a horizontal
Support level soon so
I will be expecting
A local bullish correction
Buy!
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Check out other forecasts below too!
EURCAD Sell/ShortEURCAD looks like it has faced rejection and is making its way on downward trend from this reversal. Sell pressures seem strong and the trend on the daily shows it will continue to fall from here. Please enter this trade with proper risk.
EURCAD
Sell/Short
ENTRY: 1.49120
TAKE PROFITS:
TP 1: 1.44637
SL: 1.49782
MONSTER SWING TRADE
2-5% risk capital.
EURCAD Is Bullish! Buy!
Here is our detailed technical review 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 1.463.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.468 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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EURCAD...DT (2D)SLO @ 1.4690
TP1 @ 1.4525 (shaving 50%)
TP2 @ 1.4350
Current Trend: Neutral
Sentiment: Oscillators are neutral, with some leaning slightly bearish.
Key Levels:
Resistance (Minor): 1.4690
Support (Major) @ 1.4300
EURCAD is currently in a neutral trend on the 1-day chart. The price is consolidating between support at 1.4630 and resistance at 1.4780. Moving averages are mixed, with some leaning bearish and others neutral. Oscillators are also mixed, with some leaning slightly bearish but others neutral.
EURCAD Technical Analysis And Trade IdeaRecently, the EURCAD has exhibited bullish momentum, primarily propelled by the robust performance of the EURO. This video delves deep into dissecting this trend, scrutinizing price action, and exploring a potential trade opportunity through an analysis of scenarios on the 1D daily timeframe. Expect comprehensive insights into price dynamics, market structure, trend evaluation, and pivotal technical analysis elements. It's imperative to stress that the information presented is purely educational and should not be misconstrued as financial counsel.
Watching for GBPCAD to follow EURCADWe saw a huge sell off when EURCAD broke it's uptrend last week so I'm watching GBPCAD to see if we get a similar flush. Price has been holding the trend now for several days with price barely able to escape and push higher, leading to further tightening.
Entry signal would be a non ambiguous break of the Daily trend with stop above high of day if possible.
Target is somewhere around the mid Nov break out as shown on the Daily TF, just over 100 pips away.
Daily SWAP is -1.58% so a multi day is possible, but I wouldn't want to go over 3.
Volatility around the CAD rate decision has the biggest downside effect on the idea if we get a break prior to the news. Not much we can do about this, if we get a sell signal before the release I still think it is worth taking.
EURCAD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to go a little bit lower to fill the imbalance and then to reject from bullish order block + institutional big figure 1.46000.
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EURCAD: Trading Signal From Our Team
EURCAD
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy EURCAD
Entry Level - 1.4678
Sl - 1.4598
Tp - 1.4862
Our Risk - 1%
Start protection of your profits from lower levels
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EURCAD I Bounce from 50 MA and support reversal zoneWelcome 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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EUR/CADEUR/CAD sell limit
if you want a safe position , w8 for the price to get there , then draw a trigger line or look at RSI or anything!
Long opportunity on EURCAD for this week??Share your idea in the comment section of this pair and let's debate
Good Week, Michel_FRX
DISCLAIMER:
1. Be aware this is not financial advice so trade carefully and have stop loss for sure
2. Past performance is not indicative of future results.
Eurcad short position analysisWe have a CHoCH in 1H TF. There are two scenarios: 1- I think there is a chance that price come up to take the liquidity above that consolidation and then go down. 2- If any 5min candle closes below 1.4899 it's a confirmation to go short to TP1.
Lets see what will happen...
Good luck.
EURCAD SHORTIf you look left, there’s a circle. I’m looking for that same pattern at this resistance level. Potential ABC pattern setting up. Looking for a 1:1 minimum. I set a limit order at the recent high where the A leg started. I’m also looking for price to test that same recent high before a leg further down in price. Price has also been rising on low volume. If we miss it, no need to force it. Heading to bed so if it looks better during the day I may update with a market execution instead. Not advice.
💱 EURCAD - Retests as support breakout attempts The currency pair is forming preconditions for a possible break of the trend support and an attempt to change it. The price forms consolidation near the support even after the level retest. there is no expected reaction - bounce from the level. Bears are trying to dominate
We are getting a chance to see a trend change.
But again, since a bullish trend is forming, there is a high chance of a bounce from support.
A fall is possible provided:
1) Breakout of the trend support and the level of 1.4868
2) Pre-breakout consolidation is formed
3) The market is not updating the highs, it is creeping closer to the support.
EURCAD: Bullish Forecast & Outlook
The recent price action on the EURCAD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up.
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EUR/CAD BEST PLACE TO BUY FROM|LONG
Hello,Friends!
EUR/CAD is making a bearish pullback on the 1H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.489 level.
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EUR/CAD in a Crucial Zone
📊 EUR/CAD Trading Range: In the daily timeframe, the Euro to Canadian Dollar (EUR/CAD) pair is currently near the top of its trading range. The range's ceiling is around 1.5050, and the floor is at 1.4245.
🔝 Approaching Range High: The pair has ascended within an upward channel from the bottom to the top of this range and is now forming a head and shoulders pattern in the 4-hour timeframe near the range’s ceiling.
📉 Short Position Potential: A break of this channel could activate the head and shoulders pattern, presenting an opportunity to enter a short position.
📈 RSI Overbought Indicator: The Relative Strength Index (RSI) is in the overbought territory, which could further validate our analysis.
🛑 Stop Loss Strategies: A riskier stop loss can be placed above the breakout candle, while a more conservative one can be set above the range’s high.
🔍 ECB President's Speech Impact: Today's speech by Christine Lagarde, President of the European Central Bank, could significantly impact this analysis. A tilt towards a rate hike in her speech could lead to a breakout of the trading range from the top.
🔑 Related Categories:
Pattern Analysis
Resistance and Support
Central Bank Policies
#EURCAD #ForexAnalysis #TradeCityPro
📚 Remember: Forex trading involves significant risk. Stay updated and make informed decisions! 🌍💹
EURAUD I Potential downside ahead of AUD CpiWelcome back! Let me know your thoughts in the comments!
** EURAUD 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.
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EURCAD BUY - just entered on 1H EURCAD BUY - just entered on 1H
Trading on the 1 hour chart, an order formed and a good candle reaction to suggest bulls are coming into the mix
