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TradeCityPro | EURGBP : Testing Weekly Range Support👋 Welcome to TradeCity Pro! In this analysis, I’ll review the EURGBP forex pair, focusing on the daily timeframe. 📅 Daily Timeframe: Downtrend Near Weekly Support The pair has been in a downward trend accompanied by deep retracements. Currently, it is moving along a descending trendline and has reached the 0.82711 support level. 🔍 The 0.82711 level represents the bottom of a weekly range that has been in place since 2020. At present, the price is oscillating near this crucial support. ✨ If the 40.17 level in RSI is broken, bearish momentum will increase, raising the probability of breaking the 0.82711 support. In such a case, the next support would be at 0.80934. 📈 If the price holds at this zone, the first long trigger is at 0.83901. However, this is considered a risky trigger. Personally, I prefer waiting for a higher low above this level to confirm a trend reversal. 🔼 The next long trigger is a breakout above 0.85129, which is a more reliable signal. The subsequent resistances are at 0.86142 and 0.87442. 🔑In my opinion, the price is likely to move upward from here as it has reached the bottom of a 4-year range, and market momentum is declining. For now, I anticipate the price will find support at this level and may attempt to break the range in the future. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
1
TradeCityPro | TIAUSDT Analysis Battling a Daily Resistance👋 Welcome to the TradeCityPro channel! Let’s analyze this promising coin on a day when Bitcoin has set a new all-time high (ATH). As always, we'll break it down step by step to find optimal entry points. 🚀 🏆 Bitcoin Overview Before diving into TIA, let’s take a quick look at Bitcoin BTC recently broke its price ATH and achieved a market cap of $2.04 trillion, surpassing Saudi Aramco and securing the 7th position globally in asset rankings. Following the breakout above 98,857, Bitcoin’s dominance surged, directing attention back to BTC. If dominance remains strong, expect focus to stay on BTC or strong-performing pairs like SUI. 📅 Weekly Time Frame TIA is a newly listed coin with no prior bull market experience but has achieved a solid market cap, ranking 44th overall. After an 80% drop, it ranged in a short box before breaking the 6.268 resistance alongside a trendline break. Currently, TIA faces resistance at 8.783, and an RSI overbought condition post-breakout could trigger a sharp rally towards 11.794. On a pullback, consider support at 6.268 , After 8.783 breakout, confirm the move with lower time frame analysis for safer entries. 🕐 Daily Time Frame The range between 4.221–6.268 shows a consistent pattern of higher lows, indicating growing buyer presence. After closing above the trendline, TIA now struggles at 8.373, with a potential breakout signaling further upward momentum. For safer entries, wait for a daily close above 8.373, setting your stop-loss at 4.67 , The main breakout point was 6.268, but entering now carries slightly higher risk. ⏳ 4-Hour Time Frame TIA is ranging between 7.189–8.740, forming clear triggers for futures trades , As long as 7.189 holds, focus remains on a breakout above 8.740 for long positions. 📈 Long Position Trigger After a clear break of 8.740, ideally with increased volume and momentum. 📉 Short Position Trigger Avoid shorting during a bull run. Wait patiently for new long opportunities. 💡 BTC Pair Insight The TIA/BTC pair has shown downward pressure, but recent green candles indicate a bounce from key support. breakout above 0.00001061 could mark the start of a bullish trend, making it a strong altcoin candidate for growth. 🎯 Conclusion TIA is showing promising bullish potential, but patience and strategic entries are key. Focus on breaking 8.783 and monitor volume for confirmation. Let the market work in your favor while you position for the next major move! 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
7
TradeCityPro | ETHFI : Breakout and Bullish Momentum👋 Welcome to TradeCityPro! In this analysis, I will review the ETHFI coin. This platform is one of the most significant DeFi platforms with a high TVL (Total Value Locked). 📅 Daily Timeframe: Breakout of the Range and Start of an Uptrend In the daily timeframe, after a sharp drop to the 1.202 support, a range box formed between 1.202 and 1.865. ✨ Following this consolidation within the range and with increasing buying volume, the 1.865 resistance was broken. Currently, after testing the 2.556 resistance once, the second attempt has successfully broken it. The next significant resistance on the chart is 3.264. 📈 After the breakout, volume has gradually decreased, and candle sizes are shrinking, indicating potential weakness in the trend and increasing the probability of a correction. 🔑 On the other hand, the RSI is nearing the Overbought zone, and if it manages to stabilize above 70, the likelihood of a sharp upward move will increase significantly. 🚀 In the case of a sharp move, the next targets are 5.128 and 7.907. If 7.907 is broken, a new ATH (All-Time High) is likely to be established. 🔽 In the case of a correction, the first significant support is at 1.865, and if this area breaks, market momentum will dissipate. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
2
PFC: Bullish Breakout with Raghanseda Project Development 1.Chart Pattern: The stock has broken out of a downward-sloping trendline after a prolonged consolidation phase within a rectangle pattern (yellow box). This breakout is supported by higher volumes, signaling strong buying interest. 2.Fundamental Trigger: Power Finance Corporation has incorporated an SPV for the Raghanseda Transmission Project, enhancing its growth outlook. 3.Technical Levels: Current Price: ₹512.20 Immediate Support: ₹499.95 (near breakout zone). Critical Stop-Loss: ₹472.95 (below previous support). Upside Targets: ₹527.45 (minor resistance) and ₹556.00 (major target, ~11% upside potential). 4.Indicators: RSI is trending upwards, indicating positive momentum but not overbought. Moving averages are aligning for a bullish crossover, supporting further upside. 5.Projection: If the price sustains above ₹500, we could witness a rally towards ₹556 in the near term. Traders may consider entering on pullbacks near ₹500 with a stop-loss at ₹472.95. Risk Disclaimer: This is for educational purposes only. Conduct your own research before making any trading decisions.
NSE:PFCLong
by AngshumanSaikia
I Cannot Short This !!!BINANCE:COTIUSDT is showing bullish momentum after successfully breaking through its descending resistance. The price tested the demand , a critical area to watch. If the price manages to rally from here and breaks above the 0.145 resistance level, we could see a significant shift in market structure, leading to a strong upward movement toward major resistance targets. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
Give me some energy !!!Bitcoin is currently on its way to completing the fifth wave of its upward trend, and this wave can continue up to over $100,000. Previous Analysis Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
4
BTC: This May Be Your Last Chance Before Exploding to Upside !! Last year, when I was analyzing this, I wondered if Bitcoin could return to its golden days. At that time, Bitcoin was at $30K , and I was hopeful that good days would come again. Now that Bitcoin has surpassed $80K , I realized that our collective thoughts drive momentum in everything. We had hope , and this hope turned into reality. Now I hope Bitcoin will also reach $100K . Technically, if this weekly candle closes, it can be said that Bitcoin has successfully broken this cup and handle pattern, and after that, it can reach higher prices. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
NOTHING !!There's not much left until $100K and we will see $125K in the new year. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
Frankly, I don't feel like explaining, the chart says it all !!Finally, the wedge broke .The price can reach the shown targets. That's it. previous analysis Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
Give me some energy !!!Bitcoin has completed its 5TH upward wave, and now it's time for a price correction down to around 84k. The price can correct itself and then continue its growth. every uptrend has to be corrected, that's the nature of the market. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSD
by CobraVanguard
1
Be careful with BITCOIN !!!If we measure the AB range, which is 45% , we can say that the price will easily grow 45% equal to CD. AB=CD Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
Be careful with Bitcoin,Time to buy again!!!In the 2-hour time frame, as you can see, there are two bullish patterns. The first one is a triangle, and the second one is a H&S . If either of these patterns breaks, the price of BITCOIN can reach around $105K . AB=CD Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSDLong
by CobraVanguard
7
Mastering Risk Management: The Silent Key to Trading SuccessMastering Risk Management: The Silent Key to Trading Success In the world of trading, risk management is often the unsung hero. While many traders obsess over finding the perfect strategy or predicting the next market move, those who truly succeed understand that managing risk is the cornerstone of long-term profitability. Without it, even the most brilliant trading plan can crumble. With it, you build a resilient foundation that allows you to weather the inevitable storms and capitalize on opportunities. What is Risk Management? Risk management isn't just a set of rules; it's a mindset and a discipline. It’s the process of identifying, assessing, and controlling potential losses. This goes beyond simply setting stop-loss orders or adjusting position sizes. It's about adopting a framework that ensures every trading decision is made with a clear understanding of the potential downside. Before entering any trade, ask yourself: "What am I willing to lose?" rather than "How much could I gain?" Why Risk Management Matters Imagine driving a car without brakes. No matter how powerful the engine or how skilled the driver, the lack of brakes turns every journey into a potential disaster. In trading, risk management is your braking system. It keeps you in control, preventing small mistakes from turning into catastrophic losses. Many traders focus on their win rate, but it's the size of your losses that often determines your success. Even a strategy with a 50% win rate can be highly profitable if your average loss is much smaller than your average gain. Conversely, a trader who wins 80% of the time but suffers massive losses on the other 20% will likely fail in the long run. Practical Steps to Effective Risk Management Know Your Risk Tolerance: Every trader is different. Understand how much capital you're comfortable risking per trade. For many, this is 1-2% of their total account. This ensures that no single loss can wipe you out. Set Stop-Losses and Stick to Them: A stop-loss isn't just a suggestion—it’s a commitment. Place your stop-loss at a point that invalidates your trade idea, not just where it feels convenient. Once it's set, never move it in the heat of the moment. Position Sizing: The size of your position should be based on the distance to your stop-loss and the percentage of your capital you're willing to risk. If a trade requires a wider stop, consider reducing your position size to maintain consistent risk. Diversify Smartly: Don’t put all your eggs in one basket. Diversification doesn’t mean trading more; it means spreading your risk. Avoid overexposure to a single market or asset class. Accept and Learn from Losses: Losses are part of trading. What separates successful traders from the rest is their ability to minimize those losses and learn from them. Every loss is a lesson—an opportunity to refine your approach and strengthen your discipline. The Emotional Side of Risk Management Emotions are one of the biggest challenges traders face. Fear and greed can lead to impulsive decisions, such as holding onto losing trades in the hope they’ll turn around or risking too much on a single "sure thing." Effective risk management helps counteract these emotional pitfalls. When you know your risk is controlled, you trade with greater confidence and clarity. Sticking to your risk management plan, especially during a losing streak, can be tough. It requires discipline and patience. But remember, trading is a marathon, not a sprint. Protecting your capital today ensures you have the opportunity to trade tomorrow. Conclusion Risk management isn't the most glamorous part of trading, but it is the most vital. It's the foundation upon which all successful trading is built. Without it, even the best strategies and the most skilled traders are vulnerable. With it, you create a framework that allows you to navigate the unpredictable markets with confidence. In trading, it's not about how much you can make—it’s about how much you can keep. Master risk management, and you master the art of trading.
BLACKBULL:US30Education
by Road_2_Funded
XAUUSD need to be careful Liquidity is extremely strong in this area, creating a high probability for price to move both up and down to trigger all stop-losses before continuing the downward trend. What we expect: The price breaks this box to the upside, grabs liquidity from the minor high, and then resumes the downward movement, aligning with the overall bearish trend for gold. This scenario highlights the importance of staying cautious and planning trades carefully around these key levels.
OANDA:XAUUSDShort
by hakimbo989
TradeCityPro | GBPUSD : Long-Term PerspectiveWelcome to TradeCityPro! In this analysis, I will review the GBPUSD pair in the Forex market. The analysis is conducted on the weekly timeframe with a long-term outlook. 🔍 In this timeframe, after a sharp drop in price from the 1.41548 peak to the 1.08659 bottom, the price began an upward correction and is currently moving upward along a rising trendline. 🔑 If the trendline is broken, the likelihood of a bearish move increases. For short positions, the 1.25096 support level is ideal. The next important supports are 1.19225 and 1.08659. Breaking below 35.25 on the RSI could increase the probability of a bearish move and introduce bearish momentum into the market. 📈 As long as the price remains above the rising trendline, the trend is considered bullish. For long positions, breaking through 1.32073 and 1.33744 is ideal. The target for this move will be 1.41548. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
3
TradeCityPro | CADCHF Weekly Triggers for Precision Trading👋 Welcome to the TradeCityPro channel! Let’s step away from the crypto world and dive into a Forex analysis to prepare solid triggers for opening positions this week :) 🌐 Fundamentals Recap CAD: Strengthened by oil prices and Bank of Canada policies. Hawkish stances and higher oil prices are supportive. CHF: safe haven gaining in risk-off markets, driven by Swiss National Bank actions and global uncertainty. Key Dynamics: Risk-on sentiment supports CAD; risk-off favors CHF. 📊 4-Hour Chart Analysis The pair is in a range-bound structure between 0.6274 (support) and 0.6316 (resistance). The last 4-hour candle engulfed the previous 6, signaling a bearish outlook. Before this range, a strong green weekly candle formed but was fully engulfed in the subsequent week, emphasizing the longer-term downtrend. CADCHF is near its historical lows, which might attract selling pressure for continuation moves. 📈 Long Position Trigger Avoid longs for now. A bullish breakout above 0.6351 with higher highs and lows would be necessary to justify a long position. 📉 Short Setup break below 0.62741 with confirmation (e.g., RSI below 31.21) offers a solid shorting opportunity. Stop Loss Tip: Let the range consolidate for one or two more candles to tighten your stop-loss and refine your entry. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Short
by tradecitypro
1
TradeCityPro | FETUSDT Progress Toward a New All-Time High👋 Welcome to the TradeCityPro channel! Let's analyze one of the top AI-focused crypto projects, Fetch.AI (FET), and identify opportunities for both spot buying and futures trading. 🌍 Market Overview Before diving into FETUSDT, it’s essential to check Bitcoin’s behavior. Bitcoin continues to range, a trend that might persist for a few more days. However, with the dominance of altcoins on the rise, attention remains on them. Bitcoin’s eventual breach of $100K could temporarily restore its dominance. 🕒 Weekly Time Frame FET is one of the most bullish altcoins, having risen without revisiting its 2023 lows, largely due to the AI hype. After rebounding from the $0.056 support, it surged to $3.104, followed by a significant correction to $0.745. This zone was an ideal Potential Reversal Zone (PRZ) as it aligned with the trendline and Fibonacci levels. FET has bounced off the 0.382 Fibonacci level, and breaking above $3.104 could lead to targets of $4.868, $7.849, and $13.828 (calculated using Fibonacci extension). Last week’s candle closed above the $1.613 resistance, signaling bullish momentum. You could consider buying with a stop loss at $1.094. For those holding from lower levels, it might be wise to secure initial capital and some profits. As long as FET remains above its trendline, the outlook remains bullish. 📊 Daily Time Frame FET is entering a significant resistance box between $1.99 and $2.54—potentially the final stronghold for sellers. After breaking this zone, the path becomes clearer for higher targets, but expect temporary resistance or price fluctuations within this range. A breakout above $2.637 could provide another buying opportunity. 🕒 4-Hour Time Frame FET is currently breaking out of the $1.957 resistance, aiming for the $2.637 target. 📈 Long Position Trigger place a stop-buy above the current candle and set a secure stop loss around $1.739 to avoid being stopped out during minor pullbacks. This ensures you stay positioned for the longer-term uptrend. 📉 Short Position Trigger avoid trading against the trend in a bull market. Focus on resting and preparing for the next upward wave. 💡 BTC Pair Insight Against Bitcoin, FET has also shown strength, avoiding drops below the 0.00001390 support. After breaking 0.00002574, this pair could witness significant bullish moves, making it a good time to hold onto FET. 🛠️ Summary & Strategy Spot Buyers: Watch for pullbacks within the resistance box and aim for targets using Fibonacci extensions. Futures Traders: Prioritize long positions aligned with the bullish trend and avoid counter-trend shorts. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
50
TradeCityPro | TRX : An Intense and Unexpected Pump👋 Welcome to TradeCity Pro! In today’s analysis, I’ll review TRX, which recently experienced a sharp and unexpected pump. Many traders in various communities seem to have succumbed to FOMO following yesterday’s surge. This analysis will focus on managing profits and navigating a coin that has already pumped significantly. 📅 Weekly Timeframe: Sharp Rally In the weekly timeframe, there’s a well-established, long-term trendline that has repeatedly supported the price. I’ve often emphasized that if you’re holding TRX, it’s worth holding as long as the price stays above this trendline. 📊 The trading volume has consistently increased during the price’s rise from $0.0493 to $0.1446. After hitting this resistance, the market consolidated between $0.1084 and $0.1446 for a while. 🚀 Once the critical resistance at $0.1446 was broken, TRX achieved a new all-time high. After surpassing $0.1675, the price saw a massive pump. The RSI climbed past 80.97 and now stands at an extraordinary 91.72, indicating extremely overbought conditions. At such high RSI levels, I typically wait for a correction before making any moves. ✅ Profit-Taking Strategy For those who have been holding TRX, consider taking some profits now. With the RSI at such elevated levels and the price nearing the 1.272 Fibonacci level, the likelihood of a correction is significant. I personally take profits at this stage and recommend you do the same. However, do not sell all your holdings, as there’s always the potential for further upward movement. 📈 If the rally continues, the next target would be the 1.618 Fibonacci level, often considered a critical resistance. Nevertheless, taking profits now is wise, especially since many holders are likely over 100% in profit, providing an excellent opportunity to withdraw your initial investment. 🛒 Advice for New Investors If you don’t already hold TRX, do not buy at this stage. This is not an optimal entry point. Current long-term holders are likely to be taking profits, so it wouldn’t be prudent to buy while they are exiting. Patience is key; wait for a correction or a better setup before considering an entry. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
2
$BIGTIME Breakout Alert!#BIGTIME has broken out of the inverse head & shoulders pattern and is currently retesting the neckline! 📈 Entry: Accumulate above $0.22 🎯 Targets: Midterm: $0.40 (80% upside) Long-term: $0.99 (300% upside) 🛡 Stop-loss: $0.18 Available for both spot and futures trading. Long with caution and proper risk management! ABOUT $BIGTIME Big Time is an action RPG combining fast-paced gameplay with a Web3 economy. Its seamless integration of blockchain elements ensures broad accessibility and entertainment. 🚨 DYOR, NFA.
Long
by CRYPTOMOJO_TA
TradeCityPro | AUDCHF : Approaching Historic Lows👋 Welcome to TradeCityPro! In this analysis, I’ll review the AUDCHF pair, currently positioned near its all-time low support, making the possibility of volatile movements high. 📅 Daily Timeframe: End of the Triangle In the daily timeframe, after a false breakout of the 0.56223 support and subsequent recovery from the 0.55233 level, the price has formed a symmetrical triangle. At the moment, the price is moving in the second half of the triangle. 📈 I usually avoid holding positions near the end of a triangle. For a long position, I prefer to wait for a breakout above the 0.5869 resistance and stabilization above this level. 🔑 If 62.76 on the RSI is broken, bullish momentum is likely to enter the market, increasing the probability of a breakout above 0.5869. 🔽 For a short position, if the triangle breaks to the downside, the first trigger will be at 0.56741, though this is considered risky. The main short trigger would be a break below 0.56223. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
1
TradeCityPro | EURCAD Analysis Reaching the Daily Box Target👋 Welcome to the TradeCityPro channel! Let’s dive into the forex market and analyze this popular pair, outlining key triggers for trading this week. 🌍 Fundamental Overview EURCAD reflects the economic interplay between the Eurozone and Canada, influenced by: 🇪🇺 Eurozone Fundamentals (EUR): ECB Policies: The European Central Bank's monetary stance (hawkish or dovish) significantly impacts the Euro’s strength. 🇨🇦 Canadian Dollar Fundamentals (CAD): Oil Prices: CAD is sensitive to oil fluctuations due to Canada’s major oil exports. Rising oil prices typically strengthen the CAD. Geopolitical tensions, trade balances, and global risk sentiment often sway EURCAD. The Euro acts as a reserve currency, while the CAD is risk-sensitive. 🕒 4-Hour Time Frame 1.4888 is the critical resistance, marking the top of the daily box (1.4888–1.5171). After breaking this level, the pair hit its target at 1.4556, a significant support level. The rejection at this resistance highlights its importance. The 1.4731 level, broken yesterday but reclaimed today, offers a potential trigger for entries. 📉 Short Position Trigger clear short trigger exists below 1.4731. Breaking this support could lead to further downside, targeting 1.4556. 📈 Long Position Trigger While momentum-driven long entries are possible if the RSI enters overbought, a more reliable entry comes from consolidating within the current range or forming higher highs and lows. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
1