EURCAD ANALYSIS BUYEURCAD ANALYSIS BUY
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Eurcadlong
Forex Forecasts: Buying opportunity on the EURCADThe EURO / CANADIAN DOLLAR pair is moving inside the falling wedge pattern in the long term and the pair is near the upper side of the pattern, while on a 4-hour frame the pair was able to form a smaller descending wedge pattern whose upper side overlaps with the upper side of the larger wedge.
Thus, the breakout of the two models and the pivot point 1.5563 is a strong opportunity to buy the pair with the first target 1.5563 and the second target 1.5757.
EURCAD : Next Long Setup is readyEURCAD test again this resistance level and break well. I expect small pullback before grow to test next resistance.
EURCAD, 4hr tf, buy bullish flag breakoutHello my friends,
Another setup for December is EURCAD pair.
As you can see, it looks like a bullish flag pattern formed on this pair.
Price already took down the resistance and currently retesting it as a support.
We might see price rotate towards 1.5650-60 area.
This bullish flag measured objective are around 270 pips.
The next resistance would be at 1.5650 which where will be our take profit for this trade.
If you're a fan of Elliott Wave, we could also assume this movement as Wave ABC correction in my opinion.
Let's see how this turn out.
Buy EURCAD 1.5510
Stop loss 1.5460
Take profit 1.5660 (3R)
RR Ratio 1 : 3
Use only 1-2% risk
Good luck
EUR/CAD bullish trend 4HEur/CAD hit important low (pivot point) of 1.53500 and has had straight bullish momentum also following the past trend line we can hope to see it follow the pattern of hitting the trend line at around 1.55500. it has already hit the support of 1.55000 had false bearish momentum and pulled back above further showing momentum to hit the trend line.
once hitting the trend line of 1.55500 watch for it to follow trend and pull back down or possibly break and push above the trend.
EUR looks stableA break in EURCAD showed the strength of EUR against commodity currencies!
The downward movement in EURCAD of H4 is broken.
The impulse rise allows the price to continue to 1.5557,
and subsequently to reach 1.5630.
A break of the previous peak will be considered to confirm an upward trend.
This can be used to enter or add to an existing position.
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EURCAD - Buy - Daily ChartEURCAD - Buy - Daily Chart
Buy @ a Pull back to 1.53546 or a Break of the 1.541581 level
Stop Loss @ 1.52951 for Break of the 1.541581 level
Stop Loss @ 1.52572 for a Pull back to 1.53546
Take Profit @ 1.56614
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EURCAD longEURCAD reaching 50% retracement level with confluence, nice long opportunity with good RRR
EURCAD TO RISE!Hello Traders!
here is the full UPDATED Analysis / Breakdown for EURCAD.
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EurCad- nice bullish setupAfter a very short-lived dive under 1.5450 support, EurCad has recovered quickly and reached 1.56 resistance.
In the last 4 trading days the pair traded in 100 pips range between 1.55 and 1.56 and I believe this range will be broken to the upside.
Buy dips is my strategy for this pair with a soft target at 1.5650 and a medium-term target at 1.57 resistance
Long Position: Euro/Canadian Dollar is leading by demand!!!In this technical analysis. I want to make a explain why Euro/Canadian Dollar is goes to up!!!
So guys, as today we see a good short positon in EUR/AUD, so I ignore my short positon for believe more in H1, so as learningedge, I learn that the H4 timeframe, each group candlestick is a key to look what the trend make, specially in Daily when is talking o pull back or reverse of the trend. That is my habilities that I have, but working little more for me.
Now, lookin in H1 we see that Euro/Canadian Dollar is leading by demand or bulls. There's not any short positon signal for this par, just that Euro/Canadian Dollar is into this supply and demand strategy.
We see in H4 timeframe that the trend is beocme bullish, and RSI is above of 50, that turn what EUR/CAD is strenghten and the trend is a key to follow bought.
Now, in Daily the trend is the most important, becuase we see that EUR/CAD can to continue up more toward this yellos supply zone. And maybe in the red zone, that is weekly zone, but also if you notice that EUR/CAD could formed a possible armonic pattern bearish, but in each case, is the trend change, we could see it.
Good luck of this long position.
