EURCAD
EUR/CAD BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
We are going short on the EUR/CAD with the target of 1.437 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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EURCAD - Elliott Wave CountEURCAD - Elliott Wave Count
EURCAD - The market appears to be in correction. minor degree wave C is expected to start to complete Wave B and then the price is expected to decline with wave C/Y.
Once the WXY correction is completed we can expect the next impulse up move.
Please note that this information is for educational purposes only, and it is crucial to trade with caution.
FX:EURCAD OANDA:EURCAD FOREXCOM:EURCAD PEPPERSTONE:EURCAD SAXO:EURCAD CAPITALCOM:EURCAD FX_IDC:EURCAD
EUR/CAD BULLS ARE GAINING STRENGTH|LONG
Hello,Friends!
EUR/CAD is making a bearish pullback on the 3H 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 1.448 level.
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Strifor || USDCAD-10/09/2023Preferred direction: BUY
Comment: The Canadian is also prone to fall against the dollar. At the moment, the price is trading at the level of 1.36545, and given this fact, in the near future the price may fall a little further below the level, in the form of a breakout. A deep potential false move down is not expected. The purpose of the purchase here will be the same as on other major currency pairs, namely updating extremes.
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EURCAD Breakout and Potential retraceHey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.44100 zone, EURCAD was trading in an uptrend and successfully managed to break it out. currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows.
Trade safe, Joe.
EURCAD ↘️ ↘️ Head & shoulders pattern Hello Everyone 🙋🏽♂️
A head & shoulders pattern with a descending channel
set the stop loss 1.44692
and take profit at 1.35600
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manage your lot size as well and your SL and TP
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Disclaimer:
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It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .
Eurcad watching its key R it is testing now..Watching the level to break above or comeback down.
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EURCAD : Short Trade , 4hHello traders, we want to check the EURCAD chart. The price is moving in a downward trend and has pulled back to the indicated key level. We expect this level to play the role of a resistance level and maintain the downward trend of the price and the price will fall to around 1.43300. Good luck.
EURCAD My Opinion! SELL!
My dear friends,
EURCAD looks like it will make a good move, and here are the details:
The market is trading on 1.4470 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 - 1.4334
Recommended Stop Loss - 1.4555
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
EURCAD Potential Downsideshey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.45400 zone, EURCAD was trading in an uptrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 1.45400 support and resistance zone.
Trade safe, Joe.
EUR/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
We are targeting the 1.434 level area with our short trade on EUR/CAD which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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EURCAD, Huge H-S-Formation, BEAR-Acceleration to Emerge!Hello There!
Welcome to my newest idea about EURCAD. Within recent times there have been grievous developments within the whole forex market developments that should not be underestimated in any case, there are several factors and forex pairs to consider, the economic Eurozone field is still in a not completely recovered condition field because there are crucial ongoing supply-chain disruptions still battering the Eurozone economic field. These supply-chain disruptions should not be underestimated in any case because they are actually fueled by the fact that inflation is still extremely high and high interest rates do not decrease the supply-chain disruptions.
When looking at my chart these major disruptions within the market have been followed by the continued bearish accelerations towards the downside always emerging with the bearish waves and accelerating the bearish momentum. Now EURCAD already formed the breakouts below the 100-EMA confirming the EMA as a major resistance from where further pullbacks towards the downside are highly likely. This means that the next lower lows within the upcoming times are underlining and pointing to huge bearish momentum acceleration spikes towards the downside.
Besides this EURCAD is forming this gigantic head-shoulder formation in which it is going to complete the right shoulder once it has formed the breakout below the main supports and neckline of the formation. This final confirmation of the crucial head-shoulder formation in almost all of the cases is the origin of high momentum into the bearish continuation. Especially, once the formation has been completed this is going to lead to the breakouts below the EMAs, and considering further ongoing supply-chain disruptions as well as a stagflation Eurozone economy because of high inflation in combination with supply-chain disruptions this is going to accelerate the bearish dynamics.
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EUR/CAD Best 2 Places To Can Buy It And Get 200 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Invalidated the bearish order flow and hikedInitially the market was in a bearish channel characterised by an order flow of lower lows and higher lows, then price created a low at 1.41578 and pushed to the upside to invalidate the bearish channel. We then had a slight pullback to correct the imbalance and drastically hiked. The market printed an inverted shooting to indicate loss of bullish momentum, now price is expected to drop to the fair value, then the demand and then resume with the bullish move to the external 1h liquidity pool…
EURCAD LONG TERM SELLING TRADEAug 21
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In This Chart EURCAD HOURLY Forex Forecast By FOREX PLANET
today EURCAD analysis 👆
🟢This Chart includes_ (EURCAD market update)
🟢What is The Next Opportunity on EURCAD Market
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This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS