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Eurcadforecast

EURCAD LongHello traders, this is my opinion on what will happen next on EURCAD. ➖➖➖➖➖➖➖➖➖➖➖➖ Price did a fake break out of his strong support zone @ 1.36900 and now is consolidating just bellow now, I expect growth and my goal is that price reach and break trough resistance @ 1.38900 ➖➖➖➖➖➖➖➖➖➖➖➖ Please use small lot's if you gonna trade on this, always use proper risk management and do more research before opening a position. Always remember "STOP LOSS" ➖➖➖➖➖➖➖➖➖➖➖➖ My TradingView Community if you like my idea, please like and follow for support. Also if you have any opinion please write in the comments, always open to new ideas. Thanks for passing by and have a good day traders! ➖➖➖➖➖➖➖➖➖➖➖➖
Long
by pmfxtrade
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
EURCAD (1HR) OUTLOOKLooking at 1H TF of this pair, the momentum does not look weak, hence suggesting that price might go into consolidation for a couple of hours before turning back up. and there is a possible trap for buyers so i suggest we stay woke with our SL levels. Here is what am thinking (for Educational Purposes only):- BUY: Between 1.43563 and 1.43200 SL: 1.42901 Target 1: 1.44444 Target 2: 1.45535 Target 3: 1.46467 Risk Management: 2% max!!!‼️ PLEASE LIKE, COMMENT AND FOLLOW ME 🙏🙏🙏🙏🙏🙏
Long
by Kingsley_lotanna
4
EurCad- Do we have a bottom?EurCad is in a downtrend for 15 months now, with the price dropping 1700 pips, from 1.6 to 1.43. At the beginning of October, the pair has made an important break under 1.46 support and dropped pretty fast to the up-mentioned low. At this moment looks like EurCad is preparing to test the new 1.46 resistance for confirmation and traders can look to buy dips against 1.43. I'm bullish EurCad in medium-term and I will remain so as long as the price is above 1.43
Long
by Mihai_Iacob
6
EURCAD SELL/SHORT till 1.41635Technical Analysis 1. Clear Ascending Triangle has been formed 2. Failed Head & Shoulder (Expect the built momentum above the shoulder at 80% of the Head Size) 3. Huge Bearish Candle Stick (Without forming a candlewick at the bottom also at the top provides us indicators that there'll be a continuation of this momentum) 4. Fibbonacci retracement expected to hit Key Level which is also on 0.618 (Golden Zone) 5. Fibbonacci Expansion simulates the potential growth and limit of the rise of expansion to 1.618 which is also near the point of failed Head & Shoulders take profit level Take note that the market is also sitting on the trendline of an ascending triangle. So if a candlewick starts forming we could see a possible rise Expecting the market to form something of a Hammer, Pin or Dragonfly doji to form similar to what I've arrowed and circled
by traderprosignals
EUR/CAD Multi-Timeframe analysis (Update)Hi Traders EUR/CAD Multi-Timeframe analysis (Update) H1 CHART ( Bullish ) A medium probability, entry signal to go LONG was given at 1.53623 after the market found support at 1.53317 . Only the downward break of 1.53317 would cancel the bullish scenario. Support & Resistances 1.53328 1.53548 1.53030 1.53735 1.52898 1.53975 H4 CHART ( Neutral ) Conflicting technical signals are indicating towards an unstable market, cautioning us to remain neutral and wait for a stronger trend to develop. Support & Resistances 1.53124 1.53498 1.52619 1.53782 1.52092 1.54414 DAILY CHART ( Strong Down ) Waiting for a retracement higher towards the 1.52666 resistance level in order to reinstate SHORT positions. Next important resistance is the 1.54016 level. Support & Resistances 1.52660 1.52666 1.50744 1.54016 1.47486 1.55924 WEEKLY CHART ( NEUTRAL ) The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track. Support & Resistances 1.52666 1.59912 1.50518 1.62060 1.47707 1.64871
Short
by Avramis
EUR/CAD , IT"S TIME FOR THE IMPULSE !!!Good day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We have an impulse , correction continuation pattern . We are currently sitting around the 0.786 Fib level that was rejected previously more than 3 times now. Weekly : We we are forming a potential "W" formation and we rejected the quiet strong support around the demand Area .Also we tested the all Fib Levels of the monthly leg and we expect a very strong rejection to the upside soon enough to complete the Monthly pattern. Daily : We have a confluence of support , We also had an "M" formation that was completed but we strongly rejected the support which may be a sign of the end of the correction move and the start of the next Monthly impulse . COT : Institution have been Increasing net positions in EUR since they added more than 4000 long positions and closed to 800 Short position during the last report. From an CAD perspective we have a CAD getting weaker on the short term since we went from 16000 Net position two weeks ago to 9500 Net positions last week and also during the last report hedge funds closed 2300 Long position and added more than 4100 short positions. 4H: We clearly have an ascending triangle , in addition of a strong area of Demand close by the confluence of support provided by the trendline and the support level at the 0.786 FIB . MACD : Bullish environment EMAs : Cut for long Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. You can also let me know which pair you'd like me to cover in the next ideas in the comment area below !! Trade safe !!!
Long
by TheDayzen
5