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EUR/CAD Multi-Timeframe analysis (03/02)Hi Traders EUR/CAD Multi-Timeframe analysis (03/02) H1 Chart (Bearish) Target 2 at 1.52525 has been reached. We closed the remaining 50% of our position and now we are looking for the next opportunity to enter the market. Support & Resistance 1.53327 1.53548 1.53030 1.53833 1.52898 1.53965 H4 Chart (Strong UP) The market is approaching the support at 1.52821 . We are waiting to see reversal signals in order to reinstate LONG positions. Next important support is the 1.52619 level. Support & Resistance 1.52821 1.53124 1.52619 1.53498 1.52092 1.53833 Daily Chart (Strong Down) The market is approaching the resistance at 1.54016 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 1.55924 level. Support & Resistance 1.52666 1.54016 1.52092 1.55924 1.51065 1.57096 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 & Resistance 1.52666 1.59912 1.50518 1.62060 1.47707 1.64871
Short
by Avramis
2
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 Multi-Timeframe analysisHi Traders EUR/CAD Multi-Timeframe analysis H1 CHART ( Strong Up ) The market is approaching the support at 1.53258 . We are waiting to see reversal signals in order to reinstate LONG positions. Next important support is the 1.53039 level. Support & Resistances 1.53258 1.53486 1.53039 1.53548 1.52678 1.53719 H4 CHART ( BEARISH ) 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 ( NEUTRAL ) 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
by Avramis
1
EUR/CAD Technical Analysis.Hello traders, EUR/CAD is trading at 1.5262. The price is trading in downward resistance and support channel and can rebound back from its support level. As the price has already touched its support level, it can rebound back to resistance level. If the price breaks 1.5265 price level then it can touch the resistance level at 1.5297. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5
EUR/CAD Multi-Timeframe analysisHi Traders EUR/CAD Multi-Timeframe analysis H1 CHART ( BEARISH ) Waiting for a retracement higher towards the 1.53175 resistance level in order to reinstate SHORT positions. Next important resistance is the 1.53780 level. Support & Resistances 1.52790 1.53175 1.52213 1.53780 1.51227 1.54766 H4 CHART ( BEARISH ) A medium high probability, entry signal to go SHORT was given at 1.53151 after the market found resistance at 1.53804 . Only the upward break of 1.53804 would cancel the bearish scenario. Support & Resistances 1.53120 1.53782 1.52821 1.54414 1.52255 1.54980 DAILY 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 1.54016 1.50744 1.55924 1.47486 1.57096 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
2
EURCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
EURCAD short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
2
EURCAD short trade ideaPlan: wait for the price to bounce off from trendline or resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in the comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
EURCAD: Diagonal pattern in the weekly chartEURCAD: Diagonal pattern in the weekly chart, Triangle pattern in the daily chart ( Weekly Chart ) In the weekly chart, the largest waves have a triple structure, so monitoring the charts shows the end of the chart is in a form of 3-wave pattern that starts from the range of 1.2129. According to these explanations, the price is forming an Ending Diagonal pattern in this time frame. In continuation, we will study the daily chart and the details of the movement. ( Daily Chart ) In the daily chart, the price is in the final wave of the Diagonal pattern, of which the B wave is forming the triangle pattern, and the movement is terminating. The uptrend formation and the end of the Triangle pattern can be confirmed by crossing the price from the range of 1.5785. But the main point can be seen in the 240-minute chart, in this chart at the end of the E wave the Diagonal pattern is being formed. By crossing the price from the range of 1.5600 we can get the early confirmation to enter the completion of the Triangle pattern with targets of 1.6250 to 1.6300.
by NirmataFX
EURCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
1
EURCAD Technical Analysis - Currently we can see a downward channel formation on EURCAD - 1.5450-1.5400 is a support area and 1.5700 is a resistance also the upper edge of the channel. - The price is above 200 EMA on Daily TF. - A sustained move over 1.5400 will indicate the presence of buyers. If this move creates enough upside momentum then i'll look for the rally which can possibly extend to 1.5700 - Meanwhile, A daily close below 1.5400 can take the price to 1.5050
Long
by UnknownUnicorn3749633
2