Buy EURCADBullish momentum on EURCAD, Failed to break resistance and trendline even with strong CPI. Price expected to continue to the upside.
EURCAD trade ideas
EURCAD - BullishEURCAD has formed double bottom on 1H and currently resting its neckline. Buy at CMP.
EUR/CAD 1H Technical AnalysisTrade Outlook:
The pair is in an uptrend as price is trading above EMA 21, EMA 50, and MA 20.
RSI at 76.29 is in the overbought zone, signaling a potential pullback or reversal.
EMA 200 is above the price, suggesting potential resistance ahead.
Potential Trade Setups:
Trade # 1
Short Trade (Reversal Setup)
Entry: 1.48550 - 1.48650 (Wait for rejection at EMA 200)
Stop Loss: 1.48800 (Above EMA 200)
Take Profit: 1.48200 - 1.48000 (EMA 50 Support)
Trade # 2
Long Trade (Trend Continuation)
Entry: 1.48200 - 1.48150 (Buy on dip near MA20/EMA21)
Stop Loss: 1.48000 (Below EMA 50)
Take Profit: 1.48700 - 1.48850
Conclusion:
Bullish bias remains, but RSI signals possible short-term pullback.
Monitor price action near 1.48550 - 1.48650 for a sell setup.
Look for buying opportunities on dips near EMA 21 / MA 20.
📊 Wait for confirmation before entering a trade! 🚀
leave your comments boys!!!!
EURCAD Resistance , All eyes on SellingHello Traders
In This Chart EURCAD HOURLY Forex Forecast By FOREX PLANET
today EURCAD analysis 👆
🟢This Chart includes_ (EURCAD market update)
🟢What is The Next Opportunity on EURCAD 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 Charts
EUR/CAD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
The BB upper band is nearby so EUR-CAD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.473.
✅LIKE AND COMMENT MY IDEAS✅
EUR/CAD Short OpportunityHi Traders.
We see this pair breakout from a HTF Correction and is now forming and LTF correction,
what is a good sign for more bearish continuation.
Wait till the current correction is finished to confirm this setup.
EURCADEUR/CAD is showing strong bullish momentum, breaking key resistance levels and forming higher highs and higher lows. The pair is supported by positive Eurozone fundamentals and weakening CAD sentiment. As buyers step in, the uptrend is likely to continue, presenting opportunities for further gains.
EURCAD PRINTING REVERSAL Technically:
EURCAD printing double bottom
EURCAD printing bullish divergence
EXY is bullish
CXY is bearish
Fundamentally:
According to COT data
EXY is bullish
CXY is bearish
EUR/CAD Bullish Momentum Rising Channel Points to 1.5000 Target EUR/CAD is trading at approximately 1.4800. Your target price of 1.5000 indicates an anticipated upward movement of 200 pips, aligning with a bullish outlook within the context of a rising channel pattern.
Technical analysis on the daily chart suggests a bullish bias, as EUR/CAD continues to trade within an ascending channel pattern. This pattern is characterized by higher highs and higher lows, indicating sustained upward momentum. The pair is approaching the upper boundary of this channel, suggesting potential for further gains toward your target price.
On the 4-hour timeframe, EUR/CAD is trading within a rising channel as it approaches a confluence area. This consolidation pattern increases the likelihood of a bearish outcome, as traders can wait for the break and retest of the trendline support of the channel pattern to confirm a bearish entry.
In summary, the EUR/CAD pair is exhibiting bullish momentum within a rising channel pattern, with technical indicators supporting a potential move toward the 1.5000 target. Traders should monitor key support and resistance levels, as well as fundamental factors influencing the Euro and Canadian Dollar, to make informed trading decisions.
EURCAD - Looking To Sell Pullbacks In The Short TermH1 - Bearish trend pattern
Currently it looks like a pullback is happening
Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
Bearish drop?EUR/CAD has reacted off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 1.4800
Why we like it:
There is a pullback resistance level.
Stop loss: 1.4847
Why we like it:
There is a pullback resistance level.
Take profit: 1.4682
Why we like it:
There is a pullback support level.
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EURCADIf show as confirmation at the supply zone we take it short just for scalp to the H4 supply zone
LR
EURCAD Short from Premium Zone🔴 Type: Intraday Reversal Short
✅ Entry Zone: 1.4825-1.4850 (Bearish OB + Liquidity Pool).
✅ Stop Loss: 1.4875 (Above Institutional Order Block).
✅ Take Profits:
🎯 TP1: 1.4790 (First rejection point).
🎯 TP2: 1.4750 (Liquidity Grab Retest).
🎯 TP3: 1.4700 (Deeper Discount Zone).
✅ Confidence Level: HIGH (Multiple Smart Money Confluences).
📌 Execution Strategy:
✔ Wait for price to retrace into 1.4825-1.4850 zone.
✔ Look for rejection (bearish engulfing / wick rejections).
✔ Enter aggressively OR use a pending limit order.
EURCAD - Short EURCAD has formed bearish divergence with double top reversal pattern.
LH and LL is formed.
Entry is at retracement at next LH.
EURCAD about to drop for more than 400 pips!Based on my quantum algorithms EURCAD will drop for 400+ pips
EURCADOn Friday, February 7, 2025, Canada released employment data showing:
Employment Change: An increase of 76.0K jobs, significantly exceeding the forecast of 25.5K and lower than the previous 90.9K.
Unemployment Rate: A decrease to 6.6%, better than the forecast of 6.8% and the previous 6.7%.
Impact on EUR/CAD in the Coming Weeks:
Bearish Candle Close: The week closing with a red bearish candle suggests initial selling pressure.
Positive Canadian Data: The better-than-expected Canadian employment data could strengthen the CAD, potentially pushing EUR/CAD lower. A cooling economy could weaken the CAD.
Technical Analysis: Technical analysis suggests a bullish to bearish outlook because we have a break out of monthly descending trend line and as well as break of monthly demand floor which could see more drop in EURCAD before rally in price..so we have a case of 50/50 ,be cautious.
EUR/CAD Trade Directional Bias:
Bearish Bias: Given the positive Canadian employment data, which is likely to strengthen the Canadian dollar, there could be a bearish bias for EUR/CAD in the coming weeks. Look for potential support and buy but keep in mind of the weekly bearish candle closed on on break of structure.
Other Economic Data Prints Affecting EUR/CAD Direction:
Eurozone Data: German ZEW Economic Sentiment and the broader ZEW Economic Sentiment for the Eurozone, which are indicators of investor sentiment and economic expectations, might impact the EURCAD.
US Economic Data: Disappointing economic data and uncertainty around Federal Reserve policies in the U.S. may impact the EURCAD.
Bank of Canada (BOC) Decisions: Keep an eye on the Bank of Canada's (BOC) interest rate decisions by Tiff Macklem who is the current Governor of the Bank of Canada.
Crude Oil Prices: The decline of crude oil prices may impact the Canadian dollar.
US Senate Confirmation: US retail sales headline economic data may impact EURCAD.
US Interest Rates and Yield Spreads: US interest rates and yield spreads may impact EURCAD
Disclaimer: This analysis is for informational purposes only and does not constitute investment advice.
Trade at your own risk ,and apply proper risk management.
EURCAD: Bullish Continuation is Highly Probable! Here is Why:
Balance of buyers and sellers on the EURCAD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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Buy eurcadHere the detailed structure of eurcad
Trading in a parallel buy channel
Failed to pump in sell side
More buy expected to sweep high
EUR-CAD Will Soon Retest A Support! Buy!
Hello,Traders!
EUR-CAD is falling down
And is locally oversold
So after the price hits
A horizontal support
Of 1.4684 from where
A local bullish rebound
Is to be expected
Buy!
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