POTENTIAL LONG OPPORTUNITY ON EURCADPrice is currently at a point of support where we may see price push bullish to meet our target level. Divergence is evident. Do not risk more than 2% of your equity
Eurcadtrade
EURCAD reversed from resistance, potential drop!
EURCAD reversed off its resistance at 1.52899 where it could potentially drop further to 1.52198.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCAD hitting Support?Hello Traders,
Bullish Divergence has formed on the EURCAD 8H MACD/Price Chart and the price may begin to rise. The pair is bouncing of a recent support formed around 1.5050 and RSI is also being rejected at a recent support.
Thanks for reading. If you liked my analysis, please give me a follow.
*The above is not investment advice but simply my analysis of the current market conditions*
EURCAD at a key level of supportLooking at the weekly timeframe we see after pushing to the upside and closing back above 1.5060, EURCAD has been holding at this zone for weeks.
Last week EURCAD had a strong bullish rally back up to 1.538 before falling back down to 1.5060. If structure can hold at this zone we can look for price to push back to the upside, retesting the 1.5532 zone.
If you have any questions please feel free to comment below.
Will It Pick Up? The Canadian Dollar thought it was best to play hero,will the Loonie conquer the 1.51775 level?
Stay tuned,The market shall tell the tale.
EURCAD H4Depending on your risk profile, may want to wait for more evidence of a solid run up, then enter.
EUR/CAD SHORT [Technical Analysis] 15-MAY-2020It's around 7 hours to the close of the market week. And I say we go short on the Euro/Canadian Dollar Pair. We might see prices going to as low as 1.5187 from the current 1.5257. With Zero consolidation in between. The Bears seem to be going for the home run.
If we take this trade, the Risk/Reward = 1.9 or thereabouts.
EUR/CAD, monitor price action for a potencial LongIf we got breakout of the trendline, we would long the pair. There is a great chance, that price will behave the way we expect.
EURCAD short-sell daily EURCAD short-sell daily timeframe overbought rsi, bb and demarker in weekly
1.52 price respected resistance 2017 yearly and 1.42 support support 2017 yearly
1.40 price possible for take-profit until next week economic calendar euro weak release and cad strong release
Moving averages, macd, macz-vwap and rsi ema crossing for short
Strength momentum indicator strong cad m5-d1 weak for eur m5-m15 chance until hourly
Alot of economic calendar release & news would be released next week expect for volatility
Pattern stage 3 profit taking for EURCAD stage 1&2 already complete
EURCAD Buy now at R/R of 3.34an oppurtunity to buy Eurcad at low risk with high reward
Do not forget risk maangement and do proper position sizing before pulling the trigger.
If you find this idea useful, kindly like and Follow
EURCAD Trade In Channel Pattern.EURCAD is trading in channel pattern for a very long time. It may continue to trade in the same pattern for some more time. Price moving down so we might see it will go toward the support line of channel pattern, so the target for EURCAD on the downside is the support line of channel pattern.
If You Like Idea Do Follow/Comment/Like For More Quick Update.
Note - Trade With Proper Risk Management System.
Thanks
EURCAD===Market Analysis and Forecast Hy! Smart Trader, Welcome to My Analysis and forecasting Section on Trading view.
We are Creative price action Trader. Join with us as we document the in's and out's of my trading journey. we are publish Multiple Time frame Analysis and forecasting (totally Free)
Never Trade alone
we really hope you enjoy All trade..
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.
_______________________________________________________________________________________________
Thank you for your support!
EURCAD Respecting the Channel (Bullish in the next days)EURCAD Analysis Long Term Trade
200 TO 300 pips move
Signs of BULLISH EURCAD:
-Respecting the channel
-Weak US Oil
-Stronger EUR next to USD (weak GBP)
-Long bull candles
Please support by clicking LIKE and by following if you like to be updated with Forex Geometric Moves. Thank you :)
You may also comment if you like :)
EURCAD Analysis : what is next after the fluctuationI hope that you like the video , any question or idea or mistakes i am ready to hear it :)
ing : Aledine.ha
EURCAD LONG! 60MINPurpose of idea: To complement your research.
Check comments section for future updates on idea.
Like this idea?
Like, Share, Follow, and Support channel for future content.
Thank you and happy trading.
