EUR/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
We are targeting the 1.594 level area with our short trade on EUR/CAD which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
Disclosure: I am part of Trade Nation's Influence
Related currencies
EUR/CAD: Wave 5 Trade SetupEUR/CAD is presenting a compelling long setup as what appears to be a five-wave impulse from the June lows looks ready for its final leg higher. The structure shows a classic wave 4 correction that has found support right where Elliott Wave theory suggests it should—setting up a potential wave 5 tha
Lingrid | EURCAD April High - Key Resistance Level TestThe price perfectly fulfilled my last idea . FX:EURCAD is extending its bullish leg after breaking out of both a triangle pattern and the downward trendline. The pair reached the 1.59500 resistance area and is now hovering within a broad supply zone where previous reactions occurred. Unless bull
EURCAD: Sell signal on Double Channel Up Top.EURCAD is bullish on its 1D technical outlook (RSI = 63.955, MACD = 0.010, ADX = 41.562) having peaked on two Channel Up patterns at the same time. Technically it should now start the new bearish wave to test the bottom a little below the 1D MA50. Short, TP = 1.57000.
See how our prior idea has wor
EURCAD has broken belowEURCAD has broken below the ascending channel, suggesting potential bearish continuation. The move targets 1.60048 and 1.59905, with a clear invalidation level set above 1.60530. We are monitoring for confirmation of bearish control unless bulls step in to push price back above the invalidation leve
EURCAD: Expecting Bearish Continuation! Here is Why:
The recent price action on the EURCAD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView
EURCAD Potential Short SetupsEURCAD dropped below 1.59988 with bears driving it towards 1.59292. If EURCAD holds below our resistance zone it would be ideal to have a bearish bias.
Sell Zone: 1.59988 - 1.60120
Target Levels: 1.59615 - 1.59292
LIKE or COMMENT if this idea sparks your interest, or share your thoughts below!
FOLL
See all ideas
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.
Frequently Asked Questions
The current rate of CADEUR is 0.62416 EUR — it has increased by 0.14% 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 0.06%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The CADEUR showed a 0.33% rise over the past week, the month change is a −2.22% fall, and over the last year it has decreased by −7.99%. 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.