EURCAD H4 pullbackIm expecting price to take out the volume at 1.168 extension level and bounce from there completing a 3 wave correction.Longby Chathifriends1
EUR-CAD Local Long! Buy! Hello,Traders! EUR-CAD is going down But the pair will soon Hit a horizontal support Of 1.4881 from where A local bullish rebound Will be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals224
EURCAD💡Hello everyone, EURCAD chart analysis The price is moving within a slanted price channel. If the price rebounds from the current support area, we may witness a rise to the fulcrum area shown above.⬆️ If the price breaks the support level, the decline can continue to lower levels. ⬇️ ⛔️It is not investment advice, for educational purposes only.by Adhamcurrency0
EURCAD Bearish Continuation LikelyThe overall structure is bearish. The presence of several bearish patterns (ascending wedge, bearish flags), multiple breaks of structure (BOS), and the price staying below the Ichimoku cloud strongly suggests that the downtrend is still in play. The volume analysis further supports this, with higher volume on sell-offs and lower volume during upward retracements. Unless the price breaks above the resistance zone (around 1.5010-1.5040) with strong volume, it is highly likely that the EURCAD pair will continue lower. A potential downside target is the support zone around 1.4920, and a break below this could open the way for further bearish continuation. I'll place a sell order at 1.49671, in case Lagarde's later speech may make sudden moves / price manipulation.Shortby Horazio1
EURCAD 15M ChoCH, OB, IMBSee that the price fill the IMB and mitigated OB, Now wait the price makes pullback into the new OB for confirmation entry. Don't forget to put your SL and do at your own risk. Correct me if I'm wrongLongby Aurose1
EURCAD Master Analysis, Pre ECB Speak.ECB speakers are coming onto the wires later today. We already know from previous rhetoric that the ECB expects things to follow suite but is not making huge jumps or announcements. They have mentioned they expect easing and things are going well, but are not announcing exactly what they are going to do. This speech is likely to confirm that and I do not expect any serious changes. The current downtrend on EUROCAD is mostly due to a more dovish approach via the ECB, albeit tentative. We know the BOC has committed to a faster easing cycle, so the matching of this reflects in price action. Shorts preferred continually, now and on a rise further. Any major sentiment shift, should it occur, will skew this and result in a change of size / entry areas. Awaiting speech and further price movements.Shortby WillSebastian4
Bullish bounce off pullback support?EUR/CAD is falling towards the support level which is a pullback support and could bounce from this level to our take profit. Entry: 1.49237 Why we like it: There is a pullback support level. Stop loss: 1.4879 Why we like it: There is a pullback support level that us slightly below the 61.8% Fibonacci projection. Take profit: 1.5007 Why we like it: There is an overlap resistance level that is slightly below the 61.8% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Longby VantageMarkets6
Bullish bounce?EUR/CAD is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance level. Pivot: 1.49267 1st Support: 1.48808 1st Resistance: 1.50093 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. Longby ICmarkets5
"EURCAD Stalls: A Prime Setup for Short Sellers""EURCAD Approaching Critical Resistance: A Strategic Short Opportunity in a Consolidating Market The EURCAD pair is currently inching toward a pivotal resistance zone, having already tested the psychological key level at 1.5000. The market, on the daily timeframe, appears to be in a clear consolidation phase, with price action confined within a well-defined range. This consolidative behavior often signals indecision among market participants, but for those attuned to the technical nuances, it also presents a potential opportunity for strategic positioning. As the pair approaches the resistance zone once again, my analysis suggests that we may witness a temporary breakout, with price potentially piercing above the 1.5000 level. This move would likely serve as a liquidity grab, a common occurrence in markets where price action flirts with psychological levels. Such "fake outs" are often engineered to trigger stop-losses of early short-sellers and draw in breakout traders, before the market reverses direction. Given the range-bound nature of EURCAD, I am anticipating this potential false breakout to be short-lived. The pair is likely to retreat after testing the resistance zone, reversing course and beginning its descent back toward support. This behavior would align with the broader consolidation pattern and would offer an ideal entry point for short positions. My primary target for this downward movement is the 1.49450 level, a critical area of support within this consolidating market. Should the price action roll over from the resistance zone as expected, the market could begin to test the lower boundaries of its current range. This level at 1.49450 has proven to be a significant floor for EURCAD, and it aligns with historical price behavior within this range-bound structure. In essence, the EURCAD market is offering a textbook example of a consolidating environment, where price oscillates between defined support and resistance levels. For traders willing to wait for the right confirmation, the setup is primed for a potential short trade, particularly if the pair takes liquidity above the psychological 1.5000 level and begins to retreat. With my sights set on 1.49450 as a key target, I am poised to capitalize on what appears to be an ideal range-bound trade opportunity."Shortby lonelyPlayer0Updated 6
EURCAD 100 pips movementIf you're anticipating a 100-pip bullish movement in the EUR/CAD currency pair over the next 1-5 days, here's how you might interpret and analyze that scenario: 1. Current Price Movement You expect EUR/CAD to rise by 100 pips, which indicates a potential strengthening of the Euro against the Canadian Dollar. For instance, if the current price is 1.5000, a 100-pip upward movement would bring the price to 1.5100. 2. Timeframe: 1-5 Days A 1-5 day timeframe is relatively short-term, which means you're expecting this movement within a trading week. Here's how to approach this in terms of trading or analysis:Longby LORDOFTHETRADERSUpdated 3
EURCAD Short This is with the H4 trend There is no pattern but EUR seems like it needs to weaken There is a lot of consolidation with good divergence stop loss of 40 pips Shortby JD_TeenTrader2
21.10.24 Morning ForecastPairs on Watch - FX:EURUSD FX:USDCHF FX:GBPAUD FX:EURCAD A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy! 12:00by JordanWillson223
Heading into 61.8% Fibonacci resistance?EUR/CAD is rising towards the resistance level which is a pullback resistance that is slightly above the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.50030 Why we like it: There is a pullback resistance that is slightly above the 61.8% Fibonacci retracement. Stop loss: 1.50776 Why we like it: There is a pullback resistance level. Take profit: 1.49549 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Shortby VantageMarkets116
EURCAD Short - Trade IdeaHi everyone !! The Eurocad shows a bearish trend on the daily and 4hr timeframes, I am waiting to open a sell trade at the zone where all the following confirmations take place: 1. Trendline 3rd touch 2. FVG level 3. Fibonacci level 70 to 75% 4. SMC Sell limit @ 1.50470 SL - 1.50950 (48pips) TP - 1.49030 (144pips) RRR 1:3 Cheers....Shortby jprjohn20089
Lingrid | EURCAD consolidating MARKET. Short OpportunityFX:EURCAD is approaching a resistance level, having tested the significant level at 1.5000. Overall, the market is consolidating on the daily timeframe. I anticipate that the price to test the resistance zone before rolling back toward support from the resistance zone, as the price action appears to be in a range-bound area. I expect the market to take liquidity above the psychological level at 1.5000 before moving downward. My goal is to support level at 1.49450 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻Shortby Lingrid3319
eurcad is bearishthe pair reacted to trendline mulitple times and heading south .accroding to the pattern we are expecting that price will dip down toward previous low please see what would happenShortby MtICHI4
EURCADEurCad making a bullish divergence at 4h timeframe we will put the buystop order at these given level, we can make a good profit.Longby EhtishamAhsan3
EUR-CAD Local Bullish Bias! Buy! Hello,Traders! EUR-CAD is approaching a Horizontal support level Of 1.4880 and after The retest we will be Expecting a local Bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too! Longby TopTradingSignals115
EURCAD: Near the bottom of its Channel Down. Bullish.EURCAD is bearish on its 1D technical outlook (RSI = 42.446, MACD = -0.001, ADX = 21.257) as it is trading on the 3rd straight red 1D candle and is approaching the bottom of the 10 week Channel Down. The are more probabilities now to see a bullish reversal aimed at the top, so we turn bullish (TP = 1.51.300). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope6
EURCADs mating call "In the untamed world of forex, the Euro, once dominant, has overreached, flaunting its strength. But now, the Canadian Dollar lies in wait, sensing the Euro’s exhaustion. Like a predator stalking its prey, the CAD strikes back, triggering the Euro’s retreat. The market, once overheated, begins to cool, as the Euro falters under the pressure. This is the natural rhythm of the trading jungle—where fortunes shift, and power is fleeting. In this moment, the CAD prevails, restoring balance in the ever-changing dance of the market."Shortby vitowodenikUpdated 113
EURCAD SELL TF D1 TP = 1.4616On the D1 chart the trend started on Aug. 22. (linear regression channel). There is a high probability of profit taking. Possible take profit level is 1.4616 This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.” Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested in it. Thank you! Good luck! Regards, WeBelievelnTradingShortby WeBelieveInTradingUpdated 116
EUR/CAD BEST PLACE TO BUY FROM|LONG Hello, Friends! EUR/CAD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 6H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.506 area. ✅LIKE AND COMMENT MY IDEAS✅Longby EliteTradingSignals334
Bullish bounce off major pullback support?EUR/CAD is falling towards the support level which is a pullback support that aligns with the 88% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.48952 Why we like it: There is a pullback support level that aligns with the 88% Fibonacci retracement. Stop loss: 1.48500 Why we like it: There is a support level at the 88% Fibonacci retracement. Take profit: 1.49680 Why we like it: There is an overlap resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Longby VantageMarkets5