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Eurcadanalysis

EURCAD: intraday LongHi Traders, This is my view on this pair for the next few days #EURCAD BUY 1.4769 SL 1.474 TP 1.4877 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Pietro from Trading Kitchen
Long
by kitchen_trading
EURCAD - BEARISH BIAS===== MARKET OUTLOOK ===== EUR - BEARISH 1️⃣ The ECB agreed on Thursday to maintain an elevated pace of bond purchases while upwardly revised projections for the bloc's economic growth and inflation for 2021 and 2022. 2️⃣ ECB governing council member Gabriel Makhlouf said on Wednesday that it's too early to discuss the end of the European Central Bank's Pandemic Emergency Purchase Programme (PEPP). CAD - BULLISH 1️⃣ Canada’s annual inflation rate quickened to 3.6% in May of 2021 from 3.4% in April and was above market expectations of a 3.5% rise. It was the highest jump in consumer prices since May of 2011. 2️⃣ The oil sector remains positive as demand for oil will increase in the summer. ===== TECHNICAL ===== - We're looking to short #EURCAD on SBR + pivot point level on H1 chart with stop loss above yesterday high. ===== RISK TO THIS TRADE ===== - This trade will hit stop loss if oil prices decline.
Short
by MonsunAsia
EURCAD: angry bulls are commingAs you may see in the chart the pair completed a 3 wave down. this may be the end of a bearish run or just part of it. What is obvious in the chart is that we should have a bullish run at least to 1.5043 which is covered with to PRZ target. first the 1.618 extension of the previous upward movement. And the second is 0.382 fib ret of 3 or c. so I am going long with sl: 1.4700 and tp 1.5043 which brings me a 1/4 risk to reward. PLZ like and comment if you found this idea useful.
Long
by mgh85
1
EURCAD: intraday longHi Traders, This is my view on this pair for the next few days #EURCAD BUY 1.4693 SL 1.4676 TP 1.4763 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Pietro from Trading Kitchen
Long
by kitchen_trading
EURCAD Intraday Bullish and Swing Sell SetupHi Traders, EURCAD decline from 1.48216 high unfolded as a five-wave impulse sequence. According to the Elliott Wave principle, a three-wave correction in the opposite direction follows every impulse move and that's what seems to be unfolding currently. This correction has the potential to retrace 50-78.6% of the impulse, and also retest the corrective parallel channel. However, once the correction is completed the price should resume in the direction of the impulse to complete a 5-3-5 cycle. What's your view on EURCAD? Let me know in the comment.
Short
by Veejahbee
EURCAD longPrice had a a strong bullish sentiment after making higher lows and breaks in market structure. We see clear higher highs followed by higher lows. Further confirmation of Bullish momentum by the bullish engulfing we see in this candle. Whether or not it broke my Golden zone it’s definitely closed over the 61.8% Fibonacci extension. looking for a healthy retracement back onto the support before heading into the direction it came from a week ago. (Seems like a reversal.) Taking a long position expected to last a couple of days. Tp and SL indicated in the chart.
Long
by STRXNGEWEATHR