EURCAD trade ideas
False breakout likelyAnalysis: Price has broken through the key resistance region. However, it can be seen as extended on the weekly timeframe as such we can view this break out likely to be false and expect price to retrace and potentially reverse.
Short opportunity: Short at market reopening as High Risk trade towards 1.50253 as Take Profit - 1 level.
EURCAD bullish ideaA bullish setup, based on the breakout of the channel and retest, I hope it will go up.
Good luck!
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%
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
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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
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.
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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.
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.
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.
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.
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!
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.
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🚀
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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!
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Check out other forecasts below too!
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.
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.
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.
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 Triangle
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.
TEA for the weekthere is high probability it comes down to that zone then the 1;3 rr done
not a financial advice, risk wisely
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.
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
