London Session Recap - EURCAD, OILEURCAD Breakout Continuation Signal Day Setup
OIL Trend Retracement Setup
EURCAD trade ideas
EUR/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
We are going short on the EUR/CAD with the target of 1.480 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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EURCAD 1HI think EURCAD may fall from here, cause after 4H BoS and price is now retesting back so as long as 1.50000 holds as resistance look for 1.48100 as take profit. Good luck 🤞🤞🤞
EURCAD: Growth & Bullish Continuation
The recent price action on the EURCAD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up.
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EURCAD
OANDA:EURCAD After the price reaches the specified level,
if you see the Bearish hammer candle in the one-hour ( SHORT POSITION),
and if the desired level is broken, after the pullback buy.
Consider your risk management before entering a trade.
This analysis is for informational purposes only and does not constitute investment advice.
All consequences of using this signal are at your own risk.
EURCAD OutlookAfter Bearish Divergence EURCAD is making new LLs and LHs with 94% sentiments on sell side,
Bearish Flag at current market price is indicating continuation of Bearish Trend.
EUR_CAD RISKY LONG|
✅EUR_CAD went down but
Then a horizontal support
Was hit at 1.4920 and we are
Already seeing a bullish
Rebound so we will be
Expecting a local
Bullish rebound
LONG🚀
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EURCAD-3 PUSHESDAILY TMF: 3 Bar candles retracement, expecting 1 day bullish tmr
4HR/2HR: showing 3 Push divergence on Low time frame off the 17 Months Previous low
Bullish , expecting continuation tmr
EURCAD-ShortEURCAD was trading in bullish trend now has reversed with RSI divergence from Resistance,we will take a short trade at the break of HL
EURCAD - 4hrs ( Sell Trade Target Range 150 PIP ) Pair Name : EUR/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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Key Technical / Direction ( Short )
Type : Mid Term Swing
———————————
Bearish Break
1.50000 Area
Reasons
- Major Turn level / M
- Channel Break
- Fibo Ext Golden
- Fixed Range Value
- Fibo Time Zone
Bullish Reversal
1.47500 Area
Reasons
- Major Turn level
- Visible Range LVN
- Pattern Target
- Choch Zone
- Quarter's Area
EURCAD I Correction and potential continuationWelcome back! Let me know your thoughts in the comments!
** EURCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Eurcad ShortEurCad has reached a resistance zone on the week time frame and has lower R and S pivots.
The 4hr time frame is in downtrend with lower day R and S pivots.
On the footprint we can see buyers absorption , as there was an increase in buying volume and delta but price moved lower.
0.5% risk aiming for 1:1 or 1:2
This is not financial advice. It is my own opinion and analysis
EUR/CAD mini upward wave to 1.51(07/31/2024)Bears are controlling CAD, in fact, there is no reason to be bullish on CAD neither Fundamental nor technical!
EUR/CAD is on a strong bullish bias. CPI data was positive and made EUR stronger.
We are expecting the price to reach 1.51 where the most liquidity has been placed eventually.
Our technical view has been shown in the chart.
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(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Can we see a bearish movement in the price???Price is approaching a key supply zone which I'm expecting to see sellers coming in. Previously sellers came in and left a key orders block which could be tested sooner.
On the Fundamentals, EUR/CAD sell trade is supported by:
1. Canada's strong GDP growth as released in news
2. Eurozone low inflation expectations as released in news on Monday
3. ECB's dovish stance suggesting at further interest rates cuts
4. Canada's rising producer prices as released on news recently should be 2 days ago
Potential impact:
- CAD strengthens, EUR weakens which means sell EURCAD
MerlionFX | EURCAD down then up!overall, EURCAD is trading in an uptrend & recently touched a resistance area. with market sentiment positive towards the Canadian dollar & rise in oil prices, i am expecting prices to make a move down in the short term.
Sign of overbought...Loss of momentum in EURCAD. Bear can make money after channel break.
Trade safe.
Good luck.
EURCAD - In Bearish Trend after Bearish DivergenceThis pair has begun its downward trend after a bearish divergence. I have placed a pending order of sell stop.
The Signal is:
EP: 1.49501
SL: 1.50062
TP: 1.4894
RR: 1%
Lots: 0.24
EURCAD 4hr LongEURCAD has been breaking into new highs and has now had a pullback followed by a nice 123 engulfing candle above the 50ema. That makes this a good example of the 50ema Pullback strategy.
EURCAD Forex Pair Analysis: Market Trends and Key Levels✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day.
📅 Let's dive into today's analysis, focusing on the EURCAD pair in the Forex market.
🗂 About the Pair: The EURCAD pair represents the exchange rate between the Euro and the Canadian Dollar. It's influenced by factors such as European and Canadian economic data, central bank policies, and global market sentiment.
📊 Weekly Timeframe Analysis
In this timeframe, EURCAD has shown significant range-bound movement. The pair is currently testing a key resistance level around 1.50153, with major support found at 1.29621. The RSI indicator shows a reading of 62.21, suggesting the market is nearing overbought conditions but not at extreme levels yet.
📈 If EURCAD breaks above 1.50153, we could see further bullish momentum, potentially reaching towards the next resistance level at 1.57769.
📉 Conversely, if the price fails to break through and reverses, a pullback towards the support level of 1.43037 could indicate a bearish trend continuation.
📊 Daily Timeframe Analysis
On the daily chart, EURCAD has been trending upwards since early 2023, with the current price action testing the resistance around 1.50153. The RSI at 63.44 reflects bullish momentum but is close to overbought territory.
🧲 A breakout above 1.50153 could signal a continuation of the uptrend, targeting higher levels.
📉 However, a reversal or stabilization below 1.49002 may indicate a weakening of the bullish trend and potential for a correction.
📊 4-Hour Timeframe Analysis
In the 4-hour timeframe, EURCAD recently experienced a strong bullish impulse, followed by a consolidation phase. The pair is currently testing resistance at 1.50182.
📈 For long positions, a breakout above 1.50182 could provide an entry point, with targets at 1.51000 and beyond.
📉 For short positions, key support levels to watch are 1.49188 and 1.48730, with a potential for deeper retracement towards 1.47733.
📊 RSI Oscillator
The RSI across the timeframes is currently indicating a mixed outlook:
Weekly: 62.21, close to overbought
Daily: 63.44, nearing overbought
4-Hour: 46.58, neutral with room for both upside and downside
A clear break of the RSI levels, combined with price action confirmation, could help identify potential trade entries.
🧲 Conclusion
Given the current bullish momentum in the weekly and daily timeframes, a short-term long position could be considered if EURCAD breaks above 1.50153. However, caution is warranted as the pair approaches resistance, and the RSI suggests potential overbought conditions. A watchful eye on support levels and volume trends will be crucial for assessing the strength of any moves.
⚠️ Please note that this is not financial advice. I'm simply providing this analysis for educational purposes. Always do your own research and consider your trading strategy and risk management plan.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a pair you'd like me to analyze next.
EURCAD BUY IDEAA little bit late with the setup but this is what I think will happen. With the pair being in uptrend, it mitigated the H1 OB to create its higher low. Sl on the next high.
EURCAD SHORT TRADEEURCAD SHORT TRADE
Entry point :- 1.49274
Stop lose :- 1.50390
Risk :- 0.50%
Target 1 :- 1.4816
Target 2 :- 1.4704
