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EURCAD

EURCAD → Symmetrical triangle may continue the trend FX:EURCAD forms an interesting set-up, which in the medium term, if the right scenario is realized, can continue the previously formed bullish trend. On the chart, I noted a symmetrical triangle, which is developing within a global flat formation after a prolonged growth of the currency pair. Another resistance retest still cannot break the resistance, the price will form a correction and local consolidation. It is possible that the price may form a small correction to the support at 1.4656. From the mentioned level may be followed by another rebound and further growth. But, the forming local consolidation near the triangle resistance may also lead to the breakout of the figure resistance, consolidation above the line will be the confirmation of the buy signal. Also we should not forget that the price, on the background of unpredictable events, can break the support of the figure and in this case the price can quickly reach the support at 1.44894. Resistance levels: the upper facet of the triangle, the level of 1.4771. Support levels: support of the figure and 1.4656. In the long term, I expect a breakout of resistance and further growth, but the opposite scenario may follow, when the price may break the support. Regards R. Linda!
Long
by RLinda
13
EURCAD Will Explode! BUY! My dear friends, Please, find my technical outlook for EURCAD below: The instrument tests an important psychological level 1.4563 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.4656 Recommended Stop Loss - 1.4511 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
7
EURCAD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
EURCAD Is Going Down! Short! Take a look at our analysis for EURCAD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.459. Considering the today's price action, probabilities will be high to see a movement to 1.449. 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
5
EURCAD I Trend line break and now bearishWelcome 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!
Short
by BKTradingAcademy
3
EURCAD ICT setup with double entry!Analyzing EURCAD on the H1 timeframe, you can immediately notice an uptrend after the London session, with the price currently at 1.4670 as of the time of writing. I have highlighted two possible reaction points. The first one consists of a double demand zone at H1+M15+POC at 1.4660, where I will be waiting for a price reaction, and the price should close the arrival candle above the current POC level to confirm the uptrend. As the second zone, I have identified a breaker block, which is a support/resistance zone where I expect the price to bounce before a descent. As you can see, the zone at the level of 1.4760 was used by the price as a reaction zone for a breakout from the high at 1.4670, and it was subsequently broken, forming an offer zone within it at M15. Let me know what you think. Happy trading, everyone.
Long
by Forex48_TradingAcademy
2