EURCAD H4 BEARISH BAT PATTERN 16/09/24Based on EURCAD H4 chart, a bearish bat pattern has formed T bar formation Level : 1.5149 Confirmation level : 1.5130 TP1 : 1.5049 TP2: 1.4988Shortby Yan5735224
EURCADWe are in favor of selling in this region, and we have set the target points that must be reached, and we are awaiting the resultShortby Alla_Jwaze3
EURCAD is in a Bullish PatternHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartsLongby ForexMasters20000
A great SELLING opportunity on EURCAD A great selling opportunity on eurcad with high r/r with small stop loss and multiple confirmationsShortby Smartactiontrade224
EUR-CAD Risky Long! Buy! Hello,Traders! EUR-CAD is trading in a Local uptrend and the pair Made a retest of the broken Key level of 1.5041 which Is now a support and is Already going up again so We are bullish biased locally And we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals113
EURCAD ;H4 Sell narrativeAll things being equall , any possitive reaction at region 50950- 50200 , is good sellShortby CHILLARFX3
EUR/CADFull analysis of EUR/CAD 1- A bearish price channel on a 4-hour frame 2- Overbought on RSI 3- The appearance of divergence on the MACD 4- The emergence of strong display areas So we start looking for areas for saleShortby ShakerTrading115
Sell eurcadCurrently trading in a downward channel and respecting it Still overall bearish momentum daily and weekly overbought Still expected sell next whole weekShortby forexagent8
eurcad bearish waveEURCAD is at a perfect point for a bearish leg to 1.48. targets 1.50150 1.50000Shortby botly6
EURCAD Will Fall! Short! Here is our detailed technical review for EURCAD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.503. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.498 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProvider228
EURCADthe price chooses the red arrow.. head now and sell everything on chart Longby Wisam_AdilUpdated 1
EURCAD: Trading Signal From Our Team EURCAD - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short EURCAD Entry Point - 1.5059 Stop Loss - 1.5105 Take Profit - 1.4981 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals116
EUR/CAD SHORT FROM RESISTANCE Hello, Friends! EUR/CAD is making a bullish rebound on the 2H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.498 level. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals226
EURCAD- Bearish trade setup on 4H Time FramePrice Channel: The price appears to be moving within a defined downward channel (bearish structure), with the price approaching the upper boundary of this channel. This is often considered a potential selling opportunity as the price might reverse from the upper boundary and continue following the downtrend. Entry Point: The entry is defined near the 1.5060 level. This is where price action touches the upper boundary of the channel and meets resistance, making it a potential short entry point for a downward continuation of the trend. Stop Loss: 1.50692 The Stop Loss is placed above the resistance level, likely to protect the trade from a breakout against the position. The stop loss is defined at 1.5093, which is above the recent highs and outside the price channel. This setup minimizes the risk if the market reverses unexpectedly to the upside. Take Profit: 1.48994 The Take Profit level is set significantly lower, likely near the bottom of the descending price channel, with a potential target around the 1.4899 zone. This provides a favorable risk-to-reward ratio, as indicated by the distance between the stop loss and take profit zones. Trend Continuation: The overall structure suggests that this is a trend-following trade, betting on the continuation of the bearish trend for EUR/CAD. The price action reflects a steady decline, and the current setup aims to capitalize on this downtrend. Fundamental Factors to Consider: The EUR/CAD pair is impacted by macroeconomic factors from both the Eurozone and Canada. Some fundamental aspects that could influence this trade are: Oil Prices: The Canadian Dollar (CAD) is heavily influenced by oil prices due to Canada’s significant oil exports. Rising oil prices tend to strengthen the CAD, which could support the bearish view for EUR/CAD. A drop in oil prices, however, might weaken the CAD and invalidate the bearish scenario. ECB and BoC Monetary Policies: Any divergence in monetary policies between the European Central Bank (ECB) and the Bank of Canada (BoC) will likely affect the pair. If the BoC is more hawkish (leaning towards tightening), it would strengthen the CAD and further support this bearish technical setup. Conversely, dovish signals from either side may impact the trade outlook. Economic Data: Economic releases such as GDP growth, inflation, and employment data from both the Eurozone and Canada will be important to watch. Stronger-than-expected economic data from Canada could strengthen the CAD and support the downward momentum. Conversely, positive Eurozone data could provide support for the Euro. Global Risk Sentiment: CAD is a commodity currency and often strengthens during periods of global risk appetite. In contrast, the Euro tends to be more stable during uncertain times. Keep an eye on geopolitical events or changes in global risk sentiment that might impact this trade. Conclusion: The chart suggests a short setup on EUR/CAD, with a clear bearish bias supported by the downward channel and technical resistance levels. The setup involves a favorable risk-to-reward ratio with a stop loss placed above resistance and a take-profit target near the channel’s lower boundary. Fundamental factors such as oil prices, economic releases, and central bank policies will play a crucial role in shaping the movement of EUR/CAD. Shortby factoryforex01Updated 5
Trading Signal for EURCAD: Buy OpportunityAttention traders! We have an exciting opportunity in the EURCAD currency pair. Based on our sophisticated analysis using the EASY Quantum Ai strategy, we recommend the following trade setup: Direction: Buy Enter Price: 1.50351 Take Profit: 1.50700667 Stop Loss: 1.49677667 Justification: Our EASY Quantum Ai strategy indicates a bullish trend in the EURCAD pair due to several factors: 1. Technical Indicators: The pair has shown strong support at the 1.5000 level, and recent price action suggests a breakout above this support level, pushing towards the 1.50351 entry price. 2. Momentum: Momentum indicators like the RSI (Relative Strength Index) are pointing upwards, indicating a potential for further upward movement. 3. Market Sentiment: Positive economic data from the Eurozone, coupled with relatively weaker data from Canada, supports the bullish outlook for the EUR against the CAD. 4. Historicals: Historical price analysis shows that this pair tends to move higher in similar conditions. Note: Always keep an eye on the market conditions, as sudden changes can occur. Make sure to manage your risks accordingly. Good luck, and happy trading! - Team EASY Quantum AiLongby ForexRobotEasy0
trends just simply rolling this widening trend to see how this plays out. I’m selling because it did not break the main structure (red and green). But it didn’t go down all the way. It tried to trend up until the mini structure was broken (blue). It retested the sell trend line so im just going to make an educated guess that it sells from here. Shortby SlattYSL3
EURCAD Moved to expected directionRegarding to my previous post The pair moved to expected direction and you can re enter in area between 1.49899 and 1.49830 .Longby malhibi112
EurCad Short-term - SellAs a continuation of our previous analysis, we think that the downtrend will continue. After the main channel was broken, the price entered a consolidation period and is facing resistance from the intersection of the 100-period MA and the 61.8% of the last decline on the H4 chart.Shortby TradeAndMeApp223
EURCAD: Growth Continues 🇪🇺🇨🇦 Today's fundamental news strongly support technical analysis on EURCAD. The price just broke a neckline of an inverted head and shoulders pattern after a test of a key support. Growth will continue at least to 1.499 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader224
Eurcad bearish ideaAccording to my analysis eurocad is in bearish trend. the expected is alsoo indicating bearish continuation and rite now Eurcad is at good resistance level.Shortby mqasim1212222
EURCAD Sell continuation signalThe EURCAD pair is trading on the 1D MA50 (blue trend-line) within the 10-month Channel Up. The previous time we had a peak rejection like this, the pair declined by at least -3.88%. The similarities even between the 1D RSI fractals are obvious. Our Target is 1.46550. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShot224
EURCAD still bearish expectations EURCAD in last week we are have strong bearish trend, technicalls are be strong bearish and one of impacts is come from USD weakened. On 4h TF we can see bearish expanding triangle, bounce from top zone of triangle is start on 26.8 price is fall 200PIPS. Now for new week, next periods, based technically here still strong bearish expecting. Based on price action can see 1.49500 strong zone is breaked on 30.8 Friday, which will use for one more good sign for bearish still to see. TP1: 1.47100 (200) All best, here for comments, stay tuned!Shortby DepaTradingUpdated 3
EURCAD SELL SCENARIOIn today's EURCAD, we have a lot of expectations on selling, as it is seen price is generally bearish according to weekly chart, PDL IS TAKEN Price point 1.4960 is where the previous day low was taken, hence we expect to see price retracing higher probably to between price point 1.4971 and 1.4998 ENTRY Once the price reaches between price point 1.4971 and 1.4998, a high probable and safe entry can be taken.Shortby Alpha-Alm2