EURCAD - Support Becomes ResistanceHello Traders !
On the daily time frame, The EURCAD broke the support level.
This key level becomes a new resistance level !
So, I expect a bearish move📉
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TARGET: 1.47480🎯
About Euro / Canadian Dollar
The Euro vs. the Canadian Dollar. The Euro is the second most popular reserve currency in the world and is considered to be very stable. The Canadian dollar is the seventh most commonly traded currency in the world and is highly dependent on Canada’s exporting of its natural resources, especially oil.
EURCAD - 4hrs ( Sell Trade Target Range 240 PIP ) 🟢 Pair Name :EUR/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Short )
———————————
Bearish Break
1.48750 Area
Reasons
- Major Turn level / D
- visible range hvn
- Fixed Range Hvn
- P m + w low
- Choch Zone
Bullish Reversal
1.46500 Area
Rea
EURCAD scenario for a recovery to 1.49000EURCAD potential short-term recovery to 1.49000 level. We see a slight breakout of the downtrend and transition into a sideways trend. Now, we need a stronger bullish momentum for our bullish scenario. We will go to a new November low if that does not happen.
EURCAD sellclean break down of the consolidation formed since July
a lot of fake breakouts of the 1.51 level
fall down expecting
EURCAD: Strong Bearish Pressure 🇪🇺🇨🇦
While USDCAD looks strongly bullish,
bears keep pushing EURCAD lower.
The price broke and closed below both a key daily horizontal support and a falling trend line - a vertical support.
It opens a potential for a bearish continuation lower at least to 1.479
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#EURCAD 1DAYEURCAD Daily Analysis
The EURCAD pair is currently trading near the lower boundary of a well-defined channel on the daily chart, where it has reached channel support. This support level suggests potential buying pressure, as the price has historically rebounded from this area within the channel, cr
EUR-CAD Support Ahead! Buy!
Hello,Traders!
EUR-CAD is falling down
To retest the horizontal
Support of 1.4860 and
Despite our swing bearish
Bias we will be expecting a
Local bullish rebound
Buy!
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EURCAD Will Explode! BUY!
My dear subscribers,
My technical analysis for EURCAD is below:
The price is coiling around a solid key level - 1.4798
Bias -Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal -
EURCAD buyThis pair is forming a continuation pattern (a flag). We anticipate EURCAD to buy upto 1.5330 region to complete the the length of the bullish flag pole.
EURUCAD TODAYEURUCAD TODAY for me is bearish.
Structure is for sell
I expect 1:1 target
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Frequently Asked Questions
The current rate of EURCAD is 1.48490 CAD — it has increased by 0.30% in the past 24 hours. See more of EURCAD rate dynamics on the detailed chart.
The value of the EURCAD pair is quoted as 1 EUR per x CAD. For example, if the pair is trading at 1.50, it means it takes 1.5 CAD to buy 1 EUR.
The term volatility describes the risk related to the changes in an asset's value. EURCAD has the volatility rating of 0.47%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The EURCAD showed a −0.85% fall over the past week, the month change is a −0.58% fall, and over the last year it has decreased by −0.53%. Track live rate changes on the EURCAD 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.
EURCAD 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 EURCAD 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 EURCAD 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 EURCAD shows the sell signal, and 1 month rating is buy. See more of EURCAD technicals for a more comprehensive analysis.