Eurcadanalysis
EUR/CADVery simple ... Very clear
An uptrend in the new step will begin soon.
Two factors related to the imminent increase in interest rates by the European Central Bank and the correction of oil prices, can also help start this upward step.
This is my personal opinion. Please do not trade based on my analysis and data.
EURCAD and CADCHF Top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURCAD is bouncing up from the support level!EURCAD is bouncing up from the support level.
Looking back at history we see that 1.339 level is a very significant one as buyers defended this zone several times in the past. Yesterday price bottomed at this level once again. We are not sure how strong this level is to hold price from falling, but taking a closer look at the level we see that the pair printed dojis or spinning bottom candles which suggest weaknesses on the sellers side. Strong bullish candles are seen on lower timeframe suggesting that buyers may be kicking in. I would like to see price crossing above the falling trendline to have some conviction to go long on this pair with short term targets at 1.34980 and 1.35648.
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Jamie Gun2Head - Buying EURCADTrade Idea: Buy EURCAD
Reasoning: HIGHLY SPECULATIVE - scalping longer term support
Entry Level: 1.3401
Take Profit Level: 1.3521
Stop Loss: 1.3377
Risk/Reward: 5:1
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EURCAD A Great Selling Opportunity 🤨👌Trade Proposal:
There is a probability of first tp to the proposed ( 1.340 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis:
EURCAD is in Downtrend and It is Expected to Continue Downtrend.
EUR/CAD Multi-Timeframe & Order Flow Analysis !In this video, I will be sharing How To Trade Like Banks Using Accumulation & Distribution and give my forex tutorial so you can watch it to possibly improve your forex trading skillset. The concept of accumulation & distribution in forex trading is very important to understand the cycles that the market goes through and not remain trapped in sideways moving markets with tons of manipulations.