EURCAD is BearishPrice was in an uptrend, however a bearish divergence seems to be playing out on 4H time frame as previous higher low is broken successfully. If the bears continue to maintain pressure then we can expect further slide in price action. Targets are mentioned on the chart. Shortby Fahad-Rafique2
16.10.24 Morning ForecastPairs on Watch - FX:EURAUD FX:EURNZD FX:EURCAD FX:GBPAUD 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! 11:05by JordanWillson662
SELL EURCAD - trade explained in detail Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button. We are proud to be an OFFICIAL Trading View partner so please support the channel by using the link below and unleash the power of trading view today! www.tradingview.com Short03:26by Simply-Forex229
EURCAD 2024.10.16 01:14:07 Trading Signal BUY FrankPro Signal for EURCAD Type: Screen Signal: BUY TP: 1.50465 SL: 1.49925 Entry Price: 1.5006 Flexity Analysis for EURCAD Forecast Overall(Short-Term, Long-Term): ST=Probably Up LT=Probably Down Forecast Methods(Short-Term, Long-Term): ST=Up LT=Down ST=Up LT=Up ST=Down LT=Down FlexityIndicator Analysis Method(0) EUR/CAD Exchange Rate Predictions Short-term (next few days) The price is expected to go up. The forecast suggests a potential rise to $1.520159 in the next 7 days. Technical Indicators Bullish Signals Bearish Signals 26 indicators 26 0 The 14-day RSI reading is also leaning towards a bullish trend. Long-term The price is expected to go down. Despite the short-term bullish outlook, the analysis highlights intense bearish pressure. Market violating a solid rising trend line Wide horizontal zone of demand Price testing a zone of support at 1.4328 Potential re-test of the bottom of this zone at 1.4235 Potential further drop to the 2023 low at 1.4158 The broader economic context also suggests a weaker Euro and a stronger Canadian Dollar, which could contribute to a long-term bearish trend. Result: ST=Up LT=Down FlexityIndicator Analysis Method(1) EUR/CAD Exchange Rate Forecast Short-term (next 7 days) Forecast Technical Analysis Expected Price Movement Bullish sentiment, price expected to rise to around 1.520159 Strong bearish trend, potential bearish movement towards 1.4948 support level Price likely to oscillate, with a slight bias towards a slight increase Long-term (next few weeks/months) Monthly Forecast (October 2024) Average Rate High Low Expected Price Movement Slightly bullish sentiment 1.528 1.553 1.507 Price expected to go up, with a potential target of around 1.530 by the end of the month Important Note: These conclusions are based on the provided data and should not be considered as investment advice. The foreign exchange market is highly volatile, and prices can change rapidly due to various market and economic factors. Result: ST=Up LT=Up FlexityIndicator Analysis Method(2) EUR/CAD Exchange Rate Analysis Short-term Outlook (next few days to a week) Trend Signals Price Movement Bearish 82.14% of moving average signals Expected to go down Key Levels to Watch: Sellers' bearish objective: 1.5020 CAD Potential breaks below support level: 1.4976 CAD and 1.4911 CAD Additional Factors: Recent increase in capital gains inclusion rate in Canada may lead to profit-taking and sale of CAD assets, contributing to a short-term decline in the EUR/CAD exchange rate. Long-term Outlook (weeks to months) Key Factors to Consider: Expected easing cycle by the Bank of Canada may negatively impact the CAD and lead to a long-term decline in the EUR/CAD exchange rate. Contrasting monetary policies between the ECB and the Federal Reserve may lead to a long-term appreciation of the CAD against the EUR. Conclusion: The price is expected to go down in the short term, but the long-term outlook is less clear and may depend on the evolution of market conditions and economic factors. Result: ST=Down LT=DownLongby orbborisson0
EURCAD TRADE IDEAFirst the EURCAD trend is still Bullish, price is respecting the H1 levels + 200MA confluence, we also have additional entry, with LTF confirmation. You can add to watch-list if this matches with your IDEALongby LOVEGODFX2111
The EUR/CAD 1-hour chart shows a clear bullish trend The EUR/CAD 1-hour chart shows a clear bullish trend within an upward-sloping channel, with prices bouncing off support near the 1.4900 level. The pair recently broke above the channel's midline and is heading towards the upper boundary around 1.5100. This suggests the potential for further upside in the near term, with the current price action maintaining support at higher lows. Key points to watch: - Support: 1.4900 (bottom of the channel). - Resistance: 1.5100 (top of the channel). - A breakout above the upper boundary could signal strong bullish momentum, while a rejection could lead to a retracement back to the midline or lower channel support. This setup offers a potential trading opportunity depending on confirmation of the next move. Monitor price action and volume to confirm the breakout or reversal.Shortby THE-10112
The EUR/CAD Daily Chart shows trading within a rising channelThe EUR/CAD Daily Chart shows trading within a rising channel structure since early 2023, with the price respecting the upper and lower boundaries of this trend. Currently, the price is bouncing from a key support zone near 1.49, which aligns with the lower boundary of the rising channel. - Key resistance is around the 1.512 area, where the price has repeatedly faced selling pressure. - A breakout above this resistance could push EUR/CAD towards the channel's upper limit near 1.53. - However, if bearish momentum continues, the price may retest the lower channel support around 1.48-1.475. This technical setup suggests a balanced risk-to-reward ratio, with traders awaiting either a breakout or a rejection at key levels. It's a good time to monitor this pair for potential directional confirmation.Shortby THE-102
EURCAR - ShortsShorting EURCAD in an institutional area. Entry highlighted there because price action keeps bouncing around that area. Stop loss is 18 pips. TP is 106 pips because i'd like it to sell off into the imbalance area. Overall, I'd like to see price action continue bearish since it broke structure but i see a fat imbalance to the upside so will also keep my eye on that.Shortby brendaabrendaa1
EurcadEurcad is on a down trend so we are expecting sells but after the pull back to the zone den we sell Shortby Greatvic0011
EURCAD - Short TradePrice swept liquidity, made a false breakout of the 1D swing, and closed below. After that, we have a break in market structure, which shows us sign of weakness on key level. That's why there's a higher probability of seeing prices lower at FTA (first trouble area) as next liquidity level. Keep it simple and consistent!Shortby Maks_Klimenko4
Update Short EUR/CADI reentered short at the top of the pin candle. If the candle will remain a pin candle that should be an inversion pattern. I think that know will start a downtrend until the target because the structure is a short structure. This is only my opinion and I am short with a microdot. Usually I open position with 5 microlots but not on Cad pairs.Shortby davidebraito504
EUR/CADWe have a bullish continuation and a small hook point sitting below. I will be waiting for the retest of that and first tight continuation on the 15m / 5m to take long.Longby peacetyren1
EURCAD: Short Trading Opportunity EURCAD - Classic bearish formation - Our team expects fall SUGGESTED TRADE: Swing Trade Sell EURCAD Entry Level - 1.5050 Sl - 1.5087 Tp - 1.4993 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️Shortby UnitedSignals112
EURCAD LONGEURCAD has been on a buy trend on D1 TF, its safe to say EURCAD is trying to liquidate the previous high. Right now price is around an AOI which is very strong and i expect a pullback up to 1.50571 which is my planned entry level as well and stop loss at around 1.50440, and i aim to take profit at 1.51463.. Lets see how it goes.. Longby Femi_Forex221
EURCADhi everyone.. here i just make a speculation that EURCAD still downtrend the price can't break the strong resist at timeframe H4 so, the risk reward to make a short so interesting ! disclaimer this is not a signal i just share what i see thanksyouShortby dorissim4
EURCAD Trading Opportunity! SELL! My dear friends, My technical analysis for EURCAD is below: The market is trading on 1.5044 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.4975 Recommended Stop Loss - 1.5078 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK Shortby AnabelSignals115
Institutional Supply: EUR/CAD Shorthey traders, back to it, been a while I know.. 95% of my trading is fully automated nowadays. but I'll help you guys out with some charts again! quick reminder, the daily zones are for the bias, the 4hour needs to shape up nicely with star patterns to consider any trades. kind regards, maxShortby newcapitalfx4
EURCADCurrently on EURCAD on the daily timeframe price took out the Thursday highs on Friday and closed below them and on the 4hour timeframe price has retested the CSD multiple times and respected it, and now we are expecting price to go down.Shortby BigBenCapitals3
EURCAD is in a Bullish PatternHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD 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 ChartsLongby ForexMasters20001
EURCAD: Bearish Forecast & Outlook Looking at the chart of EURCAD right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals225
EURCAD Long - this one looks good to go long right at the open. but I will see how this looks on LTF. if I get an entry, EC long will be my first call tomorrow.Longby Osiris9921
A possible buy trade on EURCADThe price on EURCAD is at a key horizontal level. If the price breaks out of this level, and candles start closing above it (making wicks below this level), that'll be a good sign supporting the possibility of an upward move. If the candles start closing below this level (making wicks on top), then that'll be the sign that the price might get rejected by this level. Then a downward move might be possible. Personally, I am keeping an eye on the upper most trend line. My perception is that the price might continue upwards from here on, at least up to that upper most trend line. Longby RiffatNadeem0
Possible Short Eur/CadIdea based only on chart analysis, break of structure with rentracement on the upper order block and now it is time to go down until the the rose box in the picture, where there is a consistent order block. This is my personal idea and I just entered short with a microlot.Shortby davidebraito50112