Long after the stop hunt1.50 is a massive support zone. Aggressive buyers have been taken out earlier. Now we have an opportunity for a long trade. A wider stop can be considered for conservative traders at the expense of lower reward.Longby gunhyUpdated 2
GBP/AUD Short, NZD/JPY Short, USD/CAD Short and EUR/CAD ShortGBP/AUD Short Minimum entry requirements: • If area of value tapped into, risk entry after a 1 hour rejection from it. NZD/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. USD/CAD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/CAD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. Short19:28by StewySongs8
Price at key supply levelBased on previous times we can see this level is a key and well respected supply zone. Price consistently behaves the same way when reaching and then dipping below. We can also see a big wick, giving further indication that the sellers are stepping in driving price down. I caan see a 100 pips here for the taking on a sell possibly more.Shortby immensenp0
EURCAD1.EURCAD is on a major uptrend. 2.The trend is forming higher highs and higher lows. 3.The price made a touch on the vertical support trendline, which made a rection from that vertical support trendline, leaving us with a clue for buyers. 3.The price formed a reversal pattern near the vertical support trendline, that is good enough for us to conclude dor buys. BUY EURCADLongby Hyper_fxt5
EURCAD Long IdeaMarket broke out of a SnR zone that as been rejecting price on the weekly time frame. Market broke a resistance zone came back to retest it creating a demand zone. Now market is pulling back into the demand zone at 0.5 fib level and a round number @ 1.49 where buyers can push the market back up. We will wait for BULLISH CANDLESTICK CONFIRMATION before going long from the zone. If this zone fails to hold then the next zone to watch out for will be at 0.236 fib levelLongby Bello-swings1
EURCAD..LONGOANDA:EURAUD After the price reaches the specified level, Enter the buy deal with the Hammer candle or Ingulf candle signal Consider your risk management before entering a trade. This analysis is for informational purposes only and does not constitute investment advice. All consequences of using this signal are at your own risk.Longby ForexCSP3
EURCAD TRADE SETUPPair Name: EURCAD 👍Classic bearish formation 👍Our team expects pullback & go down SUGGESTED TRADE IDEA: EURCAD buy setup created. If your analysis matches it take a trade otherwise skip the trade. Start protection of your profits from HIGHER levels ❤Please, support our work with like & comment!❤Shortby Forex_bank_Liquidity4
EURCAD Projection 1.4725EURCAD spent most of last week in retracement, following a failed breakout attempt on Friday 2nd August. A clue to this was in the Volume. At the first day of August a bullish pin bar formed on higher Volume off the 20D MAV. The Volume to breakout on the next day was lower, and yet the spread 4x's larger. This means there would not be a sustained push by the Buyers, and quickly the move fizzles out, as the Sellers take control. These false breakouts act as Bull Traps, and invariably see price reenter the consolidation. As such looking for a price move back towards the 200MAV at 1.4725. This would be at the limit of the weekly ATR (which has been 250 pips in the last 2 weeks). If we consider an Intermarket Analysis, Crude Oil seems to be in an uptick and likely to go higher next week. Given that this commodity is a close proxy for the Loonie, lends an argument to a fall in EURCAD. by Umlingo1
EURCAD is following bullish trendas the price has reached its fib level 0.786 the chances are high that the price will move upward and will make new HH and HLLongby faisal-1011
EUR/CAD LONGprice pulled back to a major support so I expect price to reject and go back to the upside Longby colemanantwan696
Bearish momentum to extend?EUR/CAD is rising towards the pivot and could reverse to the 50% Fibonacci support. Pivot: 1.50239 1st Support: 1.48964 1st Resistance: 1.51188 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 to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarkets9
EURCAD BearishEURCAD is making consistent lower highs and lower lows i.e. bearish trend. There is no divergence signalling the reversal of trend, there we can assume that it will continue. Price action has retraced till the important 0.382 fib level so we can take entry at market price. The EUR index is currently Bearish and CAD index is bullish.Shortby ruba_hasan962
EURCAD WILL WEAKENIn my analysis I see a potential decline in the EURCAD chart, exceeding its correction area, this analysis has a fairly high potential to materialize, a pattern like this has a probability of over 90%Shortby MR3R3
EUR/CAD Breaks Out of Wedge Pattern, Targets 1.5268 and BeyondEUR/CAD recently broke out of a significant wedge pattern that took 169 days to form, signalling potential bullish momentum ahead. This classic technical indicator suggests that the pair could reach 1.5268, with a more aggressive target identified at 1.5440. In the short term, the price action has pulled back slightly, testing key the high from November 2023 at 1.5042, the high from July 26 at 1.5022. This pullback towards these previous highs is a natural part of the price movement, as the market tests support levels before potentially resuming its upward trend. Buyers are likely to step in at these levels, seeing the pullback as an opportunity to lift the price toward the first target of 1.5268, provided the price remains above the low of August 1 at 1.4891. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such informationLongby ThinkMarkets10
Potential EUR/CAD Reversal TrendFundametnal Analysis: The Euro Area benefits from moderate GDP growth (0.3%), controlled inflation (2.5%), and a significant trade surplus (EUR 13,888 million), with stable labor market conditions (6.4% unemployment). However, it faces challenges with a contracting manufacturing sector (PMI at 45.8) and negative consumer confidence (-14 points). Canada, on the other hand, shows slightly higher GDP growth (0.4%) and inflation (2.7%), with a higher interest rate (4.75%) attracting foreign investment. Despite a trade deficit (-1927 CAD million), Canada has a slightly better manufacturing PMI (49.3) and higher consumer confidence (48 points). Overall, the Euro's strong trade surplus and stable economy contrast with the Canadian Dollar's higher interest rates and better consumer sentiment, making the outlook for OANDA:EURCAD mixed. Technical Analysis: The OANDA:EURCAD pair is currently trading around 1.49416, approaching a strong resistance zone near 1.50133, which has been tested multiple times and held, indicating significant selling pressure. The price is in an uptrend, supported by a clear upward trend line connecting higher lows since mid-2023. If the resistance at 1.50133 holds, a pullback is likely, with potential support levels at 1.48467 (TP1), 1.47622 (TP2), and 1.46697 (TP3). Conversely, if the price breaks above 1.50133, it could signal a continuation of the bullish trend, potentially reaching new highs. Traders should monitor price action around these key levels to determine their trading strategy. Trading Tip for Wednesday: CAD Overnight Rate Announcement Overview: Current Rate: 4.75% Expected Rate: 4.50% Analysis: Recent CPI data indicates a decrease, suggesting that inflation is dropping in Canada. This development points to potential monetary policy easing, with the overnight rate possibly being reduced to 4.50%. Despite this, there could be a last push up for CAD pairs. The CAD might strengthen against other currencies due to sentimental movements, such as rising oil prices, which are positively correlated with the Canadian Dollar. Overral view Shortby rTrader_officialUpdated 225
EURCAD Longs EURCAD Longs entered. After an impulsive move to the upside over the last couple of weeks we have been retracing to potentially make another leg to the upside. As per PA , you can tell from just the behaviour of the candles , the retrace is showing signs of slowing down/reversal. Have entered and will closely monitor. Trade safe famLongby SK-trading123110
Supply on EURCADSupply on EURUSD for a short position. TP 1 at 1:1 and leave a runner.Shortby KenKona2
TMT Nicomedia Long For a LONG position, TMT Nicomedia provided a strong and reliable signal, and I opened my trade with a 1.75R ratio. These transactions were opened with the TMT Nicomedia strategy. The reason I am sharing these transactions is to see the success rates of the transactions later on. Longby TMTFinansAkademisi1
EURCAD - 4hrs ( Sell Trade Target Range 200 PIP ) Pair Name : EUR/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Break 1.5000 Area Reasons - Major Turn level - Visible range HVN - Counter Trend Line - Quarter High Area - Fixed Range Value - Fibo Golden Zone Bullish Reversal 1.47500 Area Reasons - Major Turn level - Visible Range LVN - Pattern Target - Choch Zone - Quarter's AreaShortby GoldenEngine2214
EURCADafter price broke our supply area in the higher timeframe it showed that the market is bullish and when we check our lower time frame we see that price was in a uptrend and was form HH and HL and we can also see that it test a continuation pattern rally base rally demand area..so now we are waiting for it to test our new demand area so that we can look for entries Longby Simphiwe035
Selling eurcad Weekly selling zone , in safe hands now weekly overbought conditionShortby forexagent9
False breakout likelyAnalysis: Price has broken through the key resistance region. However, it can be seen as extended on the weekly timeframe as such we can view this break out likely to be false and expect price to retrace and potentially reverse. Short opportunity: Short at market reopening as High Risk trade towards 1.50253 as Take Profit - 1 level.Shortby TrainingTraderUpdated 4