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Eurcadbuy

EURCAD - FOREX - 21. OCTO. 2019Welcome to our weekly trade setup ( EURCAD )! - 1 HOUR Bearish price action towards previous support zone. 4 HOUR 50% Pullback of previous x-a wave formation and prices at strong support zone. DAILY Bullish market with small wave pullback, good long entries. - FOREX SETUP BUY EURCAD 1ST ENTRY @ 1.45830 2ND ENTRY @ 1.45610 (wait for trigger) SL @ 1.45230 TP @ 1.46490 RR: 1.1 / 2.35 Use 0.5% risk per Entry! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
1
EURCAD Fundamental Analysis – October 11th 2019Here are the key factors to keep in mind today for Euro trades: Final German CPI: The Final German CPI for September was reported flat at 0.0% monthly and increased by 1.2% annualized. Economists predicted a flat reading of 0.0% and an increase of 1.2%. Forex traders can compare this to the German CPI for August which decreased by 0.2% monthly and which increased by 1.2% annualized. The Final EU Harmonized German CPI for September decreased by 0.1% monthly and increased by 0.9% annualized. Economists predicted a decrease of 0.1% and an increase of 0.9%. Forex traders can compare this to the EU Harmonized German CPI for August which decreased by 0.1% monthly and which increased by 0.9% annualized. Final Spanish CPI: The Final Spanish CPI for September was reported flat at 0.0% monthly and increased by 0.1% annualized. Economists predicted a flat reading of 0.0% and an increase of 0.1%. Forex traders can compare this to the Spanish CPI for August which decreased by 0.1% monthly and which increased by 0.1% annualized. The Final EU Harmonized Spanish CPI for September increased by 0.4% monthly and by 0.2% annualized. Economists predicted an increase of 0.4% and of 0.2%. Forex traders can compare this to the EU Harmonized Spanish CPI for August which increased by 0.4% monthly and by 0.2% annualized. Here is the key factor to keep in mind today for Canadian Dollar trades: Canadian Employment Report: The Canadian Employment Report for September is predicted to show the addition of 7.9K jobs and an Unemployment Rate of 5.7%. Forex traders can compare this to the Canadian Employment Report for August which showed the addition of 81.1K jobs and an Unemployment Rate of 5.7%. Hourly Earnings for Permanent Employees for September are predicted to increase by 3.8% annualized. Forex traders can compare this to Hourly Earnings for Permanent Employees for August which increased by 3.8% annualized. 21.7K Full-Time Positions are expected to have been created and 10.0K Part-Time Positions lost in September. Forex traders can compare this to the creation of 23.8K Full-Time Positions and 57.2K Part-Time Positions which were reported in August. The Labor Force Participation Rate for September is expected at 65.7%. Forex traders can compare this to the Labor Force Participation Rate for August which was reported at 65.8%. Should price action for the EURCAD remain inside the or breakdown below the 1.4585 to 1.4650 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 1.4610 Take Profit Zone: 1.4415 – 1.4470 Stop Loss Level: 1.4690 Should price action for the EURCAD breakout above 1.4650 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 1.4690 Take Profit Zone: 1.4860 – 1.4930 Stop Loss Level: 1.4650 Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. Did you know that you can earn more pips per trade simply by switching to PaxForex? Sign-up now and boost your profits!
by PaxForex
1
ELLIOT WAVE: EURCAD BULLS LOOKING TO MAKE A NEW HIGHThe price movement for the EUR/CAD has been constrained by several channels and overlapping price action over the past few years. The above chart visualizes the WEEKLY price action of EURCAD from August 2012 low. As visible, its structure can be best labeled as a "W-X-Y" double three/combination Elliot Wave pattern. The advance from August 2012 and March 2014 can be labeled as an (a)-(b)-(c) zigzag pattern in wave W. While the sideways and time-consuming price action that follows the rally between March 2014 and September 2019 seems to be unfolded as an Elliot Wave running triangle pattern labeled (a)-(b)-(c)-(d)-(e) in wave X. . According to Elliot wave theory, Triangle is a continuation pattern which breaks in the direction of the preceding move. With that being said, we could see a rally in wave Y in the form of a zigzag to complete the double three structure. . Wave Y has the potential to equal the size of wave W. So, the blue box and upper trendline of the channel is the most likely price target. BEYOND ELLIOT WAVE We could also see the price testing the longterm ascending trendline that extends from August 2012 low and has not been tested since 2015 for the third time. Last weekly price action closed as bullish outside or engulfing bar, this further suggesting a potential surge in the exchange rate of EURCAD. Thanks for reading!
Long
by Veejahbee
4
EUR/CAD: Daytrade-Opportunity#BUYEUR/CAD: Daytrade-Opportunity#BUYHey tradomaniacs, welcome to another free signal of Week 36 Nr. 8 How to trade: Wait for the breakout, retest and rejection before you buy. ----------------------------- Type: Daytrade Buy here: 1,46430 Stop-Loss: 1,46112 Target 1: 1,46856 Target 2: 1,47065 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez