EURCAD: True Bearish Reversal?!EURCAD formed a classic head and shoulders pattern following a retesting of an important historical resistance level.
A break below the neckline, accompanied by a strong bullish candle, confirms a bearish signal.
I anticipate a corrective movement, potentially reaching as low as 1.5555.
EURCAD: Strong Bearish Pattern Spotted 🇪🇺🇨🇦
EURCAD formed a huge head and shoulders pattern on a daily time frame.
Its neckline was broken yesterday with a high momentum bearish candle.
I guess that the pair may drop much lower now.
Next support - 1.55
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EUR_CAD BEARISH BREAKOUT|SHORT|
✅EUR_CAD made a bearish
Breakout of the support
Cluster of the rising and
Horizontal support lines
Around 1.5672 and the
Breakout is confirmed so
We are bearish biased and
We will be expecting a
Further bearish move down
SHORT🔥
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Disclosure
EURCAD TOP DOWN ANALYSIS 4HR TIMEFRAMEOn the 4hr timeframe, we noted the key zone + breakout of the rising wedge and the trendline + confirmation candles for the breakout candle that formed afterwards hence we take a quick entry short in this short term retracement and our stoploss above the trendline etc. May the gains be with us all!!
EURCAD - Overextended and Ready to Reverse?The EURCAD pair is showing clear signs of exhaustion in its bullish trend on the monthly chart, with an overextended price that has already liquidated a significant high. Futures market analysis confirms the accumulation of short positions, suggesting a potential bearish movement driven by instituti
EURCADON THE WEEKLY,
⚡️we established the major key monthly and weekly zone
⚡️ momentum loss of candles and appearance of bearish candles followed by 4 ⚡️multiple candle rejection on the weekly right at the key zone
⚡️wide weekly divergence right at the key zone which is very rare!! a week all signaling b
Heading into 50% Fibonacci resistance?EUR/CAD is falling towards the pivot and could reverse to the 1st support which is a pullback support.
Pivot: 1.57044
1st Support: 1.54315
1st Resistance: 1.57990
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford
Bearish drop?EUR/CAD has reacted off the pivot which is a pullback resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 1.57044
1st Support: 1.54315
1st Resistance: 1.57990
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should onl
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current rate of CADEUR is 0.63921 EUR — it has decreased by −0.12% in the past 24 hours. See more of CADEUR rate dynamics on the detailed chart.
The value of the CADEUR pair is quoted as 1 CAD per x EUR. For example, if the pair is trading at 1.50, it means it takes 1.5 EUR to buy 1 CAD.
The term volatility describes the risk related to the changes in an asset's value. CADEUR has the volatility rating of 0.41%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The CADEUR showed a 0.86% rise over the past week, the month change is a −0.53% fall, and over the last year it has decreased by −5.87%. Track live rate changes on the CADEUR chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
CADEUR is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade CADEUR right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with CADEUR technical analysis. The technical rating for the pair is sell today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the CADEUR shows the sell signal, and 1 month rating is sell. See more of CADEUR technicals for a more comprehensive analysis.