EUR/CAD SETUPIn 1Day time frame price reacted well in demand area after create a fake out.in 4 hour there is a clear change of character that has already happen there indicating change in direction,we will be looking from 30 to 15 min for buy entry.
EURCAD trade ideas
EURCAD - Potential short !!Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled and rejection from bearish OB + level 1.49000.
Like, comment and subscribe to be in touch with my content!
EUR/CADOn Monthly, it made a Bearish Engulfing Candle at the 1.47140 Support and 200,50 and 20 EMA are below the price.
On Weekly, it made a Hammer Candle and it's above 200,50 and 20 EMA.
On Daily, it formed a Doji close to Hammer candle formationright after passing through 1.4800 Resistant.
on 1Hour chart, it semms price is consolidating and contracting .
It's not clear if it's going Bullish as Daily and Weekly shows, OR Bearish as Monthly chart shows. Just watch and see what will happen.
EUR-CAD Potential Short! Sell!
Hello,Traders!
EUR-CAD keeps growing
In a bullish correction but
The pair will soon hit a
Horizontal resistance
Of 1.4890 from where
A local bearish correction
Is to be expected
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
EUR_CAD RESISTANCE AHEAD|SHORT|
✅EUR_CAD will be retesting a resistance level around 1.4900 soon
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
EUR/CAD Daily AnalysisSince August this year, price had been trapped inside a daily range of 1.4900 to 1.5160
Price finally printed a daily close below 1.4900 last week and continued to push down until finding trendline support which originated in February.
With price closing at 1.4845 last week, there are 55 pips back to 1.4900 where there is a possibility of price retesting next week.
Look for smaller time frame buy setups if you agree.
EURCAD I am Long. Momentum simply turning & Chase highs.
EURCAD I went long about a couple hours ago as it turned. It's now on the 200EMA Daily which is a good sign.
Momentum was simply fading on the downside and buying increased.
This trade I will take for about 1 week and chasing the highs on this chart.
EURCAD GONE !The EUR/CAD currency pair has recently shown an upward trend driven by divergent monetary policies, with the European Central Bank maintaining a hawkish stance while the Bank of Canada adopts a more cautious approach, increasing euro demand. Declines in oil prices have weakened the Canadian dollar, given Canada's reliance on oil exports. Technical indicators reveal breaches of key resistance levels, signaling sustained bullish momentum. Traders should monitor economic data, oil price trends, and central bank communications closely to adjust their strategies accordingly.
EURCAD H1 ShortIn daily timeframe you can see a clear pullback that I have shown it bar an orange rectangle. In H1 a nice entry candle has been made for going Short.
Heading into pullback resistance?EUR/CAD is rising towards the pivot and could reverse to the 1st support.
Pivot: 1.48819
1st Support: 1.47444
1st Resistance: 1.49827
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EUR/CAD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are now examining the EUR/CAD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1.472 level.
✅LIKE AND COMMENT MY IDEAS✅
15-11 EURCAD15-11 EURCAD In October we already noticed a channel. The pair moves between 1.48 and 1.51. The last days the pair fell through the bottom of this channel, but it seems that the pair is coming back into the channel. The score of +7 of our signal system clearly indicates that there is an upside potential here. This +7 is formed by: Cot Data 2, Retail sentiment -1, Seasonality 1, Services PMI 1, Retail Sales 2, Inflation 2. All other fundamental values are 0. We set a buy range starting from 1.48950.
EURCAD - can Euro show some strenghtThe harmonic pattern bearish ABCD pattern completed it formation which added the downtrend of the pair. The price hae moved to potential reversal zone and formed a bullish divergence indicating the bulls might be taking some charge.
In Order to show strenght bull need to take out last LH and form a new high to change the trend.
EURUCAD TODAYEURUCAD TODAY for me is bearish.
Structure is for sell
I expect 1:1 target
More on telegram
EURCAD is BullishPrice was in a downtrend, however the break of trendline indicates the control of bulls. If the pressure persists then we can expect further upside movement as per Dow theory. Targets are mentioned on the chart.
EURCAD - LONG - BUYLooking to buy after the break above 1.48270 on the 1HR TF, and will consider partial buying. Buying strategy involves waiting for the break above 1.48200 and retest of the lows.
Observed rejection off the liquidity zone.
Buying only after the break below the HMA and the retest of the liquidity zone.
The break abovethe HMA has already happened.
**This is solely my trading strategy and not financial advice.**
**Please trade with proper risk management.**
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📉
_____________
TARGET: 1.47480🎯
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 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 - 1.4912
My Stop Loss - 1.4731
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
———————————
WISH YOU ALL LUCK
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.
