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 )
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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 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
Smart money concept.i think the EURCAD is going up temporarily because the the 1H is downtrend and the 15m is making an uptrend move.
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🎯
EURCAD next possible moveWe are waiting for our asset to reach our action zone, and based on the reaction, we’ll decide on our next moves.ALWAYS WAIT FOR A CONFIRMATION TO SEE IF THE PRICE VALIDATES THE ZONE.
EURCAD sellclean break down of the consolidation formed since July
a lot of fake breakouts of the 1.51 level
fall down expecting
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: 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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Displays a symbol's price movements over previous years to identify recurring trends.