EURCAD in Bearish trendEURCAD is in bearish trend after a bearish divergence. It made a double top and started its downward trend. The Signal is: EP: 1.50430 SL: 1.51519 TP: 1.49340 RR: 0.5%Shortby MuhammadArif0391
Bullish rise?EUR/CAD is falling towards the pivot which has been identified as a pullback support and could rise to the 1st resistance level which is also a pullback resistance. Pivot: 1.50322 1st Support: 1.48979 1st Resistance: 1.52196 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.Longby ICmarkets8
EURCAD setting up nicely for buysI absolutely love this trade setting up. here if you trade support and resistance , price action or Fibonacci, this trade sticks out like a sore thumb. beautiful set up even though I'm not a big fan of CAD pairs but i can't ignore what I'm seeing here. On the daily we see the resistance area marked in purple , this area has been tested multiple times and is a valid area of Support and Resistance, in this case it smashed through the resistance and retested that area as support, moreover there is an ICI setup bouncing clearly from the golden zone which is also the area of interest where we see price action indicting bullish momentum. i see price reaching the 38.2 Fibonacci, if we get a 4hr candle close above this line that will validate this set up and then I will be placing my Buy Limit @ 1.50835 Going for a 1:4 RR SL @ 1.50250 TP @ 1.53180 Move SL to break even after a 4hr close above 1.51500 Will be taking 80% off my position in profit at 1.52500 Will be risking 1.5%- 2% on this trade Longby halabirobin2
EURCAD - Potential long !!Hello traders! ‼️ This is my perspective on EURCAD. Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. My point of interest is if price fills the imbalance lower and then rejects from bullish order block. Fundamental news: On Friday (GMT+3) we will see results of Unemployment Rate on CAD, news with high impact on currency. Like, comment and subscribe to be in touch with my content!Longby Snick3rSD2212
EURCAD - Bearish Evening Star patternThe daily charts are exhibiting a bearish candlestick pattern as well as Overbought indicators. The long wick indicates an attempt but failure to break to new highs. There may be be a retest of this resistance level, but more likely it will want to test first for support at the level of the previous pivot high. If this level fails, it could precede a longer term downtrend on the larger timeframes.by fugutrader2
EURCADEURCAD is in strong bearish trend. Potentially printing LH and LL. Bearish divergence also shown in RSI. Market sentiment also in bearish side. We didnot wait for breakout we sell at CMP.Shortby Naqash911
EURCAD BUYAre you ready for a 1:5 position? The price is completing a pullback to its support zone. Don't miss this great opportunity.Longby Trading-House0
EURCAD Weekly Short - Long TermEURCAD is reacting off the upper trend line. I like a short but I need a confirmation from the lower time frames.Shortby tigo2020115
EURCAD May Test 1.5000 Before It Moves UP AgainEURCAD May Test 1.5000 Before It Moves UP Again EURCAD completed a symmetrical triangle pattern on the weekly time frame. The chances are that it can move down to 1.5000 for a deeper correction before it moves up further. You may watch the video for further details. Thank you and Good Luck!Long03:44by KlejdiCuni1123
EURCAD - Return to Previous LevelsWe had a bit of a mad Monday morning Everything went Spikey up or Down opposite of perceived direction. So they will and are all retracing and heading back to where they once began. Current Economic Indicators Eurozone: Facing sluggish growth and lower-than-expected economic data. Canada: Stronger GDP growth and positive economic indicators, coupled with higher commodity prices. Technical Analysis Support and Resistance Levels: EURCAD has broken below key support levels and is showing a bearish trend on the technical charts. Moving Averages: The pair is trading below major moving averages, indicating a potential continuation of the downward trend. Recommendation and Probability Given the current economic conditions, interest rate differentials, and technical indicators, there is a high probability (approximately 70-80%) that the EURCAD pair will continue to head lower in the near term. Conclusion The EURCAD is expected to decline due to a combination of economic divergence between the Eurozone and Canada, interest rate differentials, stronger commodity prices benefiting Canada, and bearish technical indicators.Shortby NZ_Shareman2
EUR_CAD WILL KEEP GROWING|LONG| ✅EUR_CAD keep growing In a strong uptrend and We are seeing a bullish Breakout which reinforces Our bullish bias and We will be expecting A further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx114
EUR-CAD Bullish Breakout! Buy! Hello,Traders! EUR-CAD is trading in an Uptrend and the pair made A strong bullish breakout And the breakout is confirmed So we will be expecting a Further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals333
EurCad ShortAscending channel inside an ascending channel shows clear market structure where prices have completed the three touches. Bears could be potentially moving in to strengthen prices to the downside.Shortby ThePinnacleTrader3
SHORT EUR/CAD from 1.5170EUR/CAD has pushed higher having bounced off the 61.8 Fibonacci high of 1/3/2018 and low of 21/8/2012. H4 time frame. The last H4 candle was a doji indecision and the current H4 candle is a bearish pinbar though this has yet to close. RSI on H4 is now reading 70 declining from 81. The red SELL line of the Andean Oscillator is now reading .0007 and was 0.0000 whilst the green BUY line is beginning to decline. The MACD Fast MA is beginning to flatten off and I expect this to head south. H1 time frame. H1 sees The Andean SELL line rising strongly and RSI declining and about to cross the blue signal line. MACD sees the Fast MA crossed south over the slow MA. RSI is readin 56.3 - was over 85. All the signs are that this pair is headed lower. I have a SHORT trade from 1.5170 with a STOP above the high. Target is open but 1.4673 is a potential long term target. Shortby forextraplaces2
EURCAD (STRONG SELL)Weekly Resistance has been respected for some time now. Daily has been very bullish but exhaustion signal is strong. Price should finally start dropping. Entry was 1.51313, Stop Loss is 1.52000, Take Profit is 1.49233. Risk Reward Ratio is 3.Shortby TheRedPrince4415
EUR/CAD Price Forecast: Bullish continuation pattern formingWithin a 100K Account Balance the split on Trade & Risk Management = 1/10% - 1/20% margin as an Execution Range, to set up an Order Entry and select a per Trade on Average, to avoid any drawdown hit regarding to Stop Loss & to execute Risk on Management Specifics. Trail Stop efforts are a Focus of Attention to the set up in general when Volatile-Price-Action is involved, mainly because of the usage of an Intraday-Scalp-Position tool on behalf on the Trade Plan in general Key indicators on Trade Set Up in general; 1. Push Set Up 2. Range Set Up 3. Break & Retest Set Up Active Sessions on Relevant Range & Elemented Probabilities; * Asian(Ranging) - London(Upwards) - NYC(Downwards) * Weekend Crypto Session -EUR/CAD is tipped to go higher if a bullish continuation pattern completes -The price pattern is enhanced by the ADX indicator rising strongly above 20 -EUR/CAD could reach 1.5000 and beyond if it continues bullish momentum -EUR/CAD is rising strongly as diverging interest-rate expectations favor the Euro(EUR) over the Canadian Dollar(CAD) The Average Directional Indicator (ADX) is used to assess the strength of the trend and it is rising at above 20 further confirming the likelihood of the bull trend continuing If the pattern completes – as looks highly likely – the pair will probably rise to roughly 1.5000, where it will encounter resistance. It is also possible it could continue even higher to the resistance line at 1.5040. A decline below 1.4839, however, would invalidate the pattern Conclusion | Trade Plan Execution & Risk Management on Demand; EUR/CAD Price Analysis: Probably completing a large Symmetrical TriangleLongby jasper16231111
EURCAD at SUPPLY EURCAD has been consolidating in a Rectangular Pattern since mid-July 2024. Roughly a 100pip range. A breakout took place (Consolidation and Nov 23 Swing high) on the last trading day, where Buyers take control and move price 180+ pips in 4 candles. From a Volume Spread perspective the last 4 candles are of interest. The First Candle is Green, which signifies average volume, and has a spread of 40 pips. The Second Candle is also Green with a much larger spread of 89 pips. The Third Candle is Yellow, which signifies high volume. But it only has a spread of 39 pips. The Fourth Candle is Green with a spread of only 11 pips. The VSA is in confirmation of the Rally and the trending candles, but it warns that Sellers are nearby. We have to look back to April 21 to spot the Supply Zone, where Sellers last took control at the price level. For the coming week, looking for Price Action to respect this Supply Zone and retrace back into consolidation for a mitigation of the Fresh Demand Zone. With Price above the 200 MAV and alignment of the 20/50/200 MAV on the HTF, the outlook remains Bullish. by Umlingo5
TEA for the weekthere is high probability it comes down to that zone then the 1;3 rr done not a financial advice, risk wiselyLongby imperial110
EURCAD POSSIBLE BUY OPPORTUNITY Price made a new impulse move and currently trade at 1.51336 a buy opportunity may continue to emerge as Euro keeps gaining strength. A buy opportunity is envisaged from the current market price.Longby Cartela221
Eurcad possible bearish move.Price in a downtrend after a CHOCH and a BOS, price heading to a sell zone for possible bearish move continuation. Remember: Risk Management very important Shortby habinelUpdated 3
EURCAD-27% WEEKLY HIT, RISING WEDGE-SHORT NOW, OR SL HUNT FIRST?A rising wedge is a technical analysis pattern in trading that typically signals a potential reversal in the current price trend. It is characterized by a price pattern where the highs and lows of the price action converge, forming an upward-sloping, narrowing range. Here's a detailed explanation: Characteristics of a Rising Wedge Formation: The rising wedge forms when the price makes higher highs and higher lows, but the slope of the lows is steeper than the slope of the highs. This causes the price range to contract and the trend lines to converge. Both trend lines slope upwards, but they converge as the price action progresses. Volume: Typically, volume decreases as the pattern develops, indicating a weakening upward momentum. Duration: The pattern can develop over a few weeks to several months. Types of Rising Wedges Reversal Pattern: When a rising wedge appears after an uptrend, it often indicates that the uptrend is losing momentum and a bearish reversal is likely. The price eventually breaks down through the lower trend line, leading to a downward move. Continuation Pattern: In some cases, a rising wedge can form in a downtrend, acting as a continuation pattern. This is less common. After a brief upward correction, the price breaks down, continuing the prior downtrend. Trading the Rising Wedge Entry Points: Traders often look to enter a short position when the price breaks below the lower trend line of the wedge. Confirmation of the breakout can be supported by increased volume and bearish candlestick patterns. Stop-Loss: A stop-loss order is typically placed above the recent high within the wedge to protect against false breakouts. Target Price: The target price is often set by measuring the height of the back of the wedge and subtracting it from the breakout point.Shortby BenjaminFib8
eurcad-shortEURCAD seems ready to short after that bullish movement. Targeting the lows as shown to completet overall structure before we continue long term bullishLongby Tradingdeck1
London Session Recap - EURCAD, OILEURCAD Breakout Continuation Signal Day Setup OIL Trend Retracement Setup06:18by nohypetrader4