EUR_CAD BULLISH BIAS|LONG|
✅EUR_CAD is trading in
An uptrend along the rising
Support and we are already
Seeing a bullish rebound
So we will be expecting a
Further move up
LONG🚀
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EURCAD
EURCAD 4hr Long 4hr Long
EURCAD has been breaking into new highs on our Weekly, Daily and now our 4hr entry time frame. and surfing above our 50/200 EMAs. Price has now had a pullback followed by a valid engulfing pattern. That makes this a good example of the 50ema Valid Engulfing Strategy.
🎯 Entry - 1.51476
💰 Take Profit - 1.52906
❌ Stop Loss - 1.50999
EUR-CAD Local Growth Ahead! Buy!
Hello,Traders!
EUR-CAD is trading along
The rising support and now
We are seeing a retest and
The beginnings of a rebound
So we are locally bullish
Biased and we will be
Expecting a further
Local move up
Buy!
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Check out other forecasts below too!
EURCAD Broke a Key Up Trend Support lineEURCAD has established a divergence and formed a double top at the resistance zone. Recently, the price broke through a long-standing supporting trendline, and the close below this trendline signals a bearish outlook. The price also bounced off the resistance area, triggering a bearish impulse move. I expect the market to continue moving downward toward the support level, retracing from the resistance to test the channel boundary. The target is the support level at 1.50650
EURCAD Will Go Lower From Resistance! Sell!
Please, check our technical outlook for EURCAD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.511.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.506 level soon.
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.
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Trade idea - EURCAD Long4H
Corrective approach towards entry zone.
= Instant market execution Buy.
Natural M pattern also there as extra evidence.
1% risk.
Bearsih reversal?EUR/CAD is rising towards the pivot which has been identified as a pullback resistance and could reverse to the overlap support level.
Pivot: 1.52076
1st Support: 1.51182
1st Resistance: 1.53004
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.
EURCAD LongTrend and Context:
Overall Trend: The chart shows a bullish trend on the 4-hour timeframe for EUR/CAD. The price has been making higher highs and higher lows, and it is trading above the 50-period SMA (1.50285) and the 200-period SMA (1.48860), which reinforces the bullish bias.
Key Levels:
Support: The closest support level is just above 1.50691, around the lower trendline that has formed within the wedge pattern. This level also coincides with the 50-period SMA, adding to its strength as a potential support area.
Resistance: The target resistance level is around 1.52012, marking a potential take-profit zone. This level represents a previous swing high.
Technical :
Symmetrical Triangle Breakout: The chart shows a symmetrical triangle pattern forming over the last few sessions. The price is breaking above the upper trendline of the triangle, signaling a potential bullish breakout. This breakout indicates the continuation of the broader uptrend.
Moving Averages: The price is comfortably above both the 50-period and 200-period SMAs, signaling that the market is in a strong uptrend and the momentum is positive.
EURCAD Sell IdeaOANDA:EURCAD has been respecting descending trendline. Currently, It's retesting trendline where we can look for short term selling opportunities
EURCAD - Trading The Wedge...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURCAD has been overall bullish , trading inside the rising wedge pattern in orange.
At present, EURCAD is undergoing a correction phase and it is hovering around the lower bound of the wedge.
Moreover, it is retesting a massive demand zone marked in blue.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower orange trendline acting as a non-horizontal support.
📚 As per my trading style:
As #EURCAD is hovering around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURCAD Technical Analysis and Trade Idea👀👉 Our focus is on the EURCAD currency pair, which has exhibited bullish momentum on the 4-hour timeframe. However, as the price has reached a resistance level, we anticipate a potential pullback to the Fibonacci 50% to 61.8% retracement levels.
Our analysis encompasses key elements of technical analysis, including trend assessment, price action evaluation, and market structure examination. We'll also present a potential trade setup and, crucially, discuss strategies to approach it with an increased probability of success.
It's imperative to note that this analysis is provided for educational purposes only and should not be construed as financial advice. The insights offered are speculative and do not guarantee future market behavior. We strongly advise verifying current price actions before executing any trades.
This presentation offers an in-depth examination of the current trend, market structure, and price movements. However, it's crucial to understand that while this content aims to be educational, it does not ensure trading success. The foreign exchange market carries significant risks, and we strongly emphasize the importance of implementing robust risk management strategies in all trading activities.
Please understand that thorough research and careful consideration should precede any trading decisions. Stay informed, remain vigilant, and approach the markets with a well-prepared strategy. 📊✅
Potential Elliot Waves On WeeklyLooking at the weekly chart i see a potential elliot wave formation, potentially point 4 has occurred with the pull back to the 0.382 fibo level. If you have any advice or comments would love to hear them on how i can make better analysis.
EUR/CAD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the EUR/CAD with the target of 1.494 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 • SHORT TF H4#EURCAD • SHORT TF H4 ,
The trend continues, the nearest support level according to my calculations TP = 1.4846
EUR_CAD WILL GROW|LONG|
✅EUR_CAD is trading along the rising support
And as the pair will soon retest it
I am expecting the price to go up
To retest the supply levels above at 1.5091
LONG🚀
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Could EUR/CAD drop from here?The price has reacted off the pivot and could potentially fall to the 1st support.
Pivot: 1.51181
1st Support: 1.50414
1st Resistance: 1.52059
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.
Eurcad buy position runningYou can buy eurcad.because its in support range.
Eurcad long
Buy:1.50447
Target:1.52065
Pips:161
EURCAD: Forecast & Technical Analysis
The recent price action on the EURCAD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down.
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EURCAD - Bullish from here?FX:EURCAD is in a bullish trend on higher timeframe. Price has found support 0.786 level following a deep retracement. Lower high on one hour has been broken and currently being retested!
EURCAD Supply Demand Long IDeaSee Chart For Analysis
HTF:
-Price inside HTF demand
-Trend on HTF = uptrend
LTF:
-Price broke downward ML
-Price removed opposing pivot zones
-DBR demand created
EURCAD - Long after BOS !!Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. We have here hidden divergence and on H4 regular divergence, so after BOS I will open a long.
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Long after the stop hunt1.50 is a massive support zone. Aggressive buyers have been taken out earlier. Now we have an opportunity for a long trade. A wider stop can be considered for conservative traders at the expense of lower reward.
