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.
Related currencies
EURCAD What Next? BUY!
My dear friends,
My technical analysis for EURCAD is below:
The market is trading on 1.5784 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.5907
About Used Indicators:
A pivot point is a technical analy
EURCAD SELL SETUPWe should see continuations on this EURCAD to the down side from this breaker blck by next week
EURCAD ShortConfluence
1. Break and retest of the trendline
2. Order block in 1H
3. 61.8% Fib zone
It's a good spot to catch a clean 1:2. Wait for confirmation on either 1H or 2H timeframe to enter.
Good luck...
EURCAD ShortEURCAD is now net short on the regression break.
I am considering this trade as oil has move over night.
Shorts ConfirmationPrepare to sell! Be Ready! Its preparing a move like eurusd, we try to make a similiar down push, this patern is ready to drain al that liquidity downstairs
EURCAD - Strong Reversal Impulse off Double TopEURCAD has created bearish price action with a strong reversal impulse pushing down from the double top level. Waiting for a continuation to confirm a sell opportunity with a good R:R.
Good Luck
EUR/CAD Tests Resistance — Bullish Breakout in Sight?EUR/CAD appears to be showing bullish momentum and is likely heading toward the 1.6110 level. Currently, the pair is testing a key resistance zone. If the price manages to break above this resistance with strong volume or confirmation, we could see further upside continuation toward the next target
Sell eurcadStrong sell expected from next month
Monthly overbought indicators
Strong selling area minimum drop expected 500 pips
MORNING FORECASTING LESSONSIt's important to recognise that the position of our trades is just as critical as the entry point. We need to clearly understand how to get involved and have a solid grasp of our trade setups. of our trade setups!
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
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.
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.
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