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EURCAD

EURCAD Technical Analysis: Swing Sell SignalEURCAD Technical Analysis: Swing Sell Signal Market Outlook: Bearish Trend Confirmation The EURCAD pair is presenting a compelling bearish setup, with multiple technical indicators suggesting a potential downward movement. Traders should carefully analyze the key levels and market dynamics supporting this sell signal. Trade Specifications - Action: SELL - Entry Point: 1.4882 - Stop Loss: 1.4976 - Take Profit: 1.3870 - Risk Parameters: - Stop Loss Distance: 94 pips - Potential Profit Target: 1,012 pips - Potential Risk-Reward Ratio: Approximately 1:10.8 Technical Analysis Market Structure The current market structure indicates a bearish momentum building up in the EURCAD pair. The sell signal is supported by several key technical observations: - Potential completion of a corrective bullish pattern - Clear resistance level established at the current price point - Confluence of technical indicators suggesting downward pressure Entry Point Rationale The entry point at 1.4882 represents a strategic selling opportunity, characterized by: - Rejection of recent highs - Potential bearish reversal pattern - Confluence with key resistance levels Stop Loss Placement The stop loss at 1.4976 provides: - Protection against minor price fluctuations - Clear invalidation point for the trade setup - Reasonable buffer above the entry point Take Profit Target The take profit level at 1.3870 is strategically positioned: - Targets a significant support zone - Aligns with potential long-term bearish trend - Offers substantial profit potential Trading Strategy Considerations 1. Entry Confirmation - Wait for additional confirmation before executing the trade - Look for bearish candlestick patterns - Confirm with momentum indicators 2. Risk Management - Never risk more than 1-2% of trading capital on a single trade - Use proper position sizing - Consider scaling out of the position at intermediate support levels 3. Market Context - Monitor broader economic indicators - Pay attention to ECB and Bank of Canada monetary policies - Consider correlation with other currency pairs and market sentiment Technical Indicators to Watch - Relative Strength Index (RSI) - Moving Average Convergence Divergence (MACD) - Fibonacci retracement levels - Key support and resistance zones Potential Challenges - Volatility in forex markets - Unexpected economic announcements - Potential for trend reversal - Impact of global economic events Psychological Aspects - Maintain discipline in trade execution - Stick to predefined trading plan - Avoid emotional decision-making - Be prepared for both winning and losing trades The EURCAD pair presents a technically sound sell opportunity with a favorable risk-reward profile. Traders should approach the trade with caution, implementing robust risk management strategies. Disclaimer - This analysis is for educational purposes only - Market conditions can change rapidly - Always conduct your own due diligence - Consult with a financial advisor before making trading decisions - Past performance does not guarantee future results Trade responsibly and manage your risk carefully.
Short
by Akshulive
Potential bullish rise?EUR/CAD has reacted off the pivot which acts as a pullback support that aligns with the 61.8% Fibonacci retracement and could rise to the 1st resistance. Pivot: 1.48202 1st Support: 1.47236 1st Resistance: 1.49775 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Bearish drop?EUR/CAD is rising towards the resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.4890 Why we like it: There is an overlap resistance level that lines up with the 50% Fibonacci retracement. Stop loss: 1.4980 Why we like it: There is an overlap resistance level. Take profit: 1.4726 Why we like it: There is a pullback support level that aligns with the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
Is EURCAD ready to resume the DownTrend?In recent days, the EUR/CAD pair has exhibited notable fluctuations on the daily chart. After reaching the 1.5170 level, a significant resistance point in recent years, the price began to weaken and entered a consistent decline. This area served as a crucial psychological and technical barrier, leading to increased selling pressure. The price subsequently fell below the sideways support at 1.4900, indicating a short-term reversal. The decline continued aggressively, breaking through the 1.4610 support level, another key point on the daily chart, underscoring the strength of the sellers. Following this sharp decline, the pair experienced a pullback, returning to the previously broken 1.4900 area. This region, which had acted as support, now functions as significant resistance. This zone aligns with the 61.8% Fibonacci retracement level, drawn from the high of 1.5170 to the low of 1.4483, further emphasizing its technical importance. Given these factors, the expectation is for the EUR/CAD to continue its downward trend in the coming days. Potential Sell Trade A favorable selling opportunity may arise if the price closes below 1.4870 on the daily chart. Such a move would confirm rejection in the 1.4900 area and pave the way for further declines. Sell Details: Possible Entry Point: Close below 1.4870. Stop Loss: Above 1.4980, representing a risk of 110 pips. Take Profit: Near the 23.6% Fibonacci retracement level at 1.465, with a potential gain of 220 pips. Alternative Scenario: Bullish Resumption If the price does not close below 1.4870 and instead breaks the recent candle's high, we may see EUR/CAD retest the 1.5170 region. Such a move would invalidate the short-term bearish outlook and could attract new buyers. It's important to note that the market is closely watching the Bank of Canada (BoC) interest rate decision today, with expectations of a 0.5% cut, reducing the rate from 3.75% to 3.25%. This could weaken the CAD, favoring an increase in EUR/CAD. Conversely, if the cut is smaller than anticipated (e.g., 0.25%) or does not occur, it may accelerate the pair's downward movement, given that sellers are already in control. In Summary The EUR/CAD is at a critical juncture, facing strong technical resistance at 1.4900 and showing signs of rejection at the 61.8% Fibonacci level. The likelihood of a decline strengthens, especially if the price closes below 1.4870, with target levels at 1.4645 (the 23.6% Fibonacci). However, traders should also consider the alternative scenario of breaking the recent high and advancing to 1.5170. Close monitoring of price action and the BoC announcement is essential for making informed trading decisions, as this could significantly impact the pair's direction. Disclaimer 74% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK.
Short
by Marketscom
EURCAD My Opinion! SELL! My dear followers, I analysed this chart on EURCAD My Opinion! SELL! and concluded the following: The market is trading on 1.4924 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.4827 Safe Stop Loss - 1.4981 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Bullish bounce off overlap support?EUR/CAD has reacted off the pivot and could rise to the 1st resistance which acts as an overlap resistance. Pivot: 1.48895 1st Support: 1.48252 1st Resistance: 1.50070 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
+180/+360 pips GBPCAD Swing trade setup🔸Hello traders, let's review the H4 chart for GBPCAD today. Trading near premium prices of the multiweek range, closing in on heavy S/R Currently risk/reward is shifting in bears favor, so it's recommended to look for sell side setups in this market. 🔸Bearish OB / fresh liquidity set at 8095/8125. Price structure indicates potential incoming reversal once we trigger the OB. 🔸Recommended strategy for GBPCAD traders: focus on short selling any rips/rallies near OB 8095/8125 price is currently trading near premium levels and is maxed out already, limited upside. TP1 bears +180 TP2 bears +360 pips final exit 7750 keep in mind this is a swing trade setup so naturally will take more time to complete / hit both targets. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
25
EURCAD is in a Bullish Pattern After Testing daily SupportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit 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
Long
by ForexMasters2000
EURCAD Is Bearish! Sell! Take a look at our analysis for EURCAD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.485. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.478 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
Could the price reverse from here?EUR/CAD is rising towards the resistance level which is an overlap resistance and could drop from this level to our take profit. Entry: 1.48732 Why we like it: There is an overlap resistance level. Stop loss: 1.49841 Why we like it: There is an overlap resistance level that lines up with the 127.2% Fibonacci extension. Take profit: 1.47316 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
1
EURCAD shortMy favorite 200dma stands on guard as I attempt to short this down to the next support. This is not a trade recommendation, it is merely my own analysis. If you decide to trade this, you should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Short
by Trading_Vista
TradeCityPro | EURCAD Analysis Reaching the Daily Box Target👋 Welcome to the TradeCityPro channel! Let’s dive into the forex market and analyze this popular pair, outlining key triggers for trading this week. 🌍 Fundamental Overview EURCAD reflects the economic interplay between the Eurozone and Canada, influenced by: 🇪🇺 Eurozone Fundamentals (EUR): ECB Policies: The European Central Bank's monetary stance (hawkish or dovish) significantly impacts the Euro’s strength. 🇨🇦 Canadian Dollar Fundamentals (CAD): Oil Prices: CAD is sensitive to oil fluctuations due to Canada’s major oil exports. Rising oil prices typically strengthen the CAD. Geopolitical tensions, trade balances, and global risk sentiment often sway EURCAD. The Euro acts as a reserve currency, while the CAD is risk-sensitive. 🕒 4-Hour Time Frame 1.4888 is the critical resistance, marking the top of the daily box (1.4888–1.5171). After breaking this level, the pair hit its target at 1.4556, a significant support level. The rejection at this resistance highlights its importance. The 1.4731 level, broken yesterday but reclaimed today, offers a potential trigger for entries. 📉 Short Position Trigger clear short trigger exists below 1.4731. Breaking this support could lead to further downside, targeting 1.4556. 📈 Long Position Trigger While momentum-driven long entries are possible if the RSI enters overbought, a more reliable entry comes from consolidating within the current range or forming higher highs and lows. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
1
EURCAD Will Fall! Short! Take a look at our analysis for EURCAD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.474. The above observations make me that the market will inevitably achieve 1.466 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
EURCAD is in a Bullish Pattern After Testing daily Support Hello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit 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
Long
by ForexMasters2000
Buy EUR/CAD Bullish ChannelThe EUR/CAD pair on the M30 timeframe presents a potential Buying opportunity due to a a well-defined Bullish Channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 1.4795, This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.4874 2nd Support – 1.4912 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
5
EURCAD Strong medium-term buy opportunity.The EURCAD pair gave us an excellent sell signal last time (September 12, see chart below) that easily hit our 1.46550 Target: This time we have a confirmed bottom just a week ago on the 0.786 Channel Fibonacci level, similar to the June 08 2023 bottom, both accompanied by a 1D MACD Bullish Cross. As a result, we turn bullish on this pair targeting 1.5000, which is just below the 0.236 Channel Fib, similar to the July 18 2023 High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Is the EURCAD Setting Up for a BUY Opportunity?👀 👉 The EURCAD has made an impressive move off a key support level, showing strong momentum as it approaches previous highs. The question remains—what’s next? I’m closely monitoring for a potential buy setup, specifically if the pair retraces to the critical 50% Fibonacci level. At that point, I’ll be looking for a clear bullish shift in market structure to confirm a high-probability entry. Patience is key here, as waiting for confirmation can make all the difference in achieving consistent results. 📢 Disclaimer: This content is for educational purposes only and is not financial advice.
Long
by fxtraderanthony