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Eurcadanalysis

EURCAD: Sentiments Are Short-Term Bearish, But... EURCAD has completed corrective wave 4, and if the price breaks the parallel channel C, it may make a new low, which should be impulsive sub-wave 5 of wave (5). If price breaks down channel C, the following targets for Wave 5 will be 1.4313 - 1.42520 - 1.41652- 1.41156 . After making wave (5), if the price breaks the B channel, it can go for 1.4645 and start a new 5-wave impulse structure. Please note that the Breakout of wave (4) indicates a strong bull trend. If the price breaks the channel without a downward, it indicates truncated 5th. I will upload intraday chart for further information soon.
by forextidings
2
EURCAD, we're not there yet, but ...Yesterday the bearish movement of EURCAD took us to an even more interesting and noteworthy area. A new low was reached, but without triggering any buy signals on the MCS, even though the channel has really narrowed a lot. I think the signal is close, and maybe reaching a new low at 1.4052 is a good entry point, but we still don't set any buy limit, we wait for the definitive signal on the MCS. We are still in perfect timing with the new annual cycle.
by The_Cyclical_Trading
EURCAD, annual closure and ...Good Morning everyone, the price of the Euro against the Canadian Dollar is falling just near the end of the annual cycle. We still have some time to see it drop below the November lows, personally I see 1.40526 as a good level of buying, but only the MCS will confirm this. The excess weakness on the MCS is showing up, the channel is tightening fast and everything points to a buy signal within the first ten days of February. For now we wait and do not anticipate anything, not even on the support at 1.4198, clear ?? :)
by The_Cyclical_Trading
EUR/CAD: Interesting Key Level Reached!!Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the EUR/CAD , translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies. Weekly timeframe: Daily timeframe: 4 hours timeframe: 1 hour timeframe: The market has been following a downtrend since a while and currently approached on a solid weekly key level that rejected the price many times during the past years! The 4h timeframe is showing an interesting movement inside a an ascending channel, so a possibility of a bullish impulse is quite high. Focusing on a lower timeframe the price seems is shifting value area and eventually it could start a new intraday uptrend if the new value area is confirmed. When, where and why would I step into the market? Considering still an overall downtrend, I will need more confirmations before planning a long position on this trade. First of all in order to confirm a possibility of a new channel, I will be looking for a new price control and one more HH and HL to confirm the validity of the pattern, following by an intraday trend reverse. Only when I will satisfy this condition, then I will plan a long position! My SL would be just below the potential HL, manually moving the SL on every swing that the market will probably perform. However, at the moment the price is quite far from the key level, so I will not take any action. If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses! Trade safe and responsibly, Gianni DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose
Long
by UnknownUnicorn18552923
22
EURCAD Bounce Incoming!EURCAD has established an upward channel and is now almost at the bottom of that channel. RSI is oversold at 28.9 on the 4Hour, has hit 28 before bouncing back above on the 2Hour and bottomed at 31.8 before bouncing on the 6Hour. Directly below the price we see the lower boundary of the upward channel and a previous good Demand Zone. Price may continue down to touch the lower channel boundary and the demand zone, which will push the RSI further into the oversold range and give us a very advantageous Risk/Reward opportunity.
Long
by HayeTrading
25