EURCAD 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.
Eurcadforecast
EURCAD Weekly OutlookIn Weekly TF market is still expected to Bearish, We can sell long from Weekly Supply 1.44271 to Weekly Demand Level 1.32512 .The reason of bearish in market is that market break the Demands Level 1.43633 and the Demand level is retested and this Demand level 1.39067 is Weak, so we will use confirmation to buy from this current Demand 1.39067 to Weekly Supply level 1.44271. Than we can expect to sell from Weekly Supply
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.
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 ?? :)
EURCAD top-down analysis, UPDATED!!Hello 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 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 (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 🙏🙏🙏🙏🙏🙏
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
Potential reversal for EURAUDEURCAD is now trading on daily support and the price is trading in the falling channel/wedge. What is more interesting is the divergence shown by an Awesome Oscillator. This indicates exhaustion of bearish momentum and more buying pressure coming in. Thus, I expect a reversal from this area.
What is your opinion on EURCAD?
Nice Trading!!!!
Wait for Break Key level and buy signal with EURCADH4 time frame.
Structure: Uptrend.
Divergence at support 1.48000.
Wait for break out key level 1.49000 and confirm signal to buy.
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Wish you all have a good trading day!
EURCAD Demand Zone 1.4630 & 1.4590 for long12th May 2021 formed lower low as 1.4590. 13rh May daily bar did not break lower low while broker higher high of previous bar high. pair forming accumulation phase till last month. Split your risk into two positions first from 1.4630 with half risk, second from 1.4720 with remain risk. Trend is bearish so use low risk in counter trend.
EURCAD; Short, for now.This is dropping strait onto the 200 Months Ema. (In conjunction with a final Equities Blow-off Top ). - After which, this should be a one-way Long for the better part of "forever". (EUR positive account balance vs. CAD, a purely speculative bubble - in no small part where the Wilshire5000 / GDP having just hit 200%!)
The Weekly;
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
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
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 !!!
EURCAD FLY WHILE CADJPY CRASH ??Hallo guys
nice to meet you seeing my forecast
here we are
we can see eurcad have clear bullish structure before they bullish
we can see the descending channel , bullish flag , and breakout trendline
in my opinion eurcad can be reach the resistance @ 1.57741
we just waiting for the true breakout for execute this eurcad