EURCAD BUYEURCAD is reacting to a previous level of support, a trendline break and a double buttom validates a buy. Let me know what you think ib the comment section.Longby BaliForex_trades2
EURCAD THE TREND IS SETEC i am expecting a move to the upside from here. Huge long potential. Completed a 3 wave correction on a bullflagLongby Chathifriends116
EURCAD -Short Term LongRetracement to green line as it seems oil won’t go crazy from Mid East war shocks. Will reassess shorts at that level given upcoming ECB decision. Slow Monday overall with not many tasty setups. Longby Primetrdr88222
Potential Long on ECIt is Monday and the market is getting set for the week ahead, Looking at EC right now for a potential long position. If that FVG is respected , showing bullish engulfing on the 15 or 30min TF. The next candle will let us know. Patience After confirmation I will be looking for shorts. Entry on 15 or 30min TF No rush , let see what happensLongby Blockchain_HustlerUpdated 0
#EURCAD 1DAYThe EUR/CAD pair on the 1-day chart is approaching a key support level that could potentially signal two scenarios depending on price action. Here's a description for both scenarios: Bullish Scenario (Buy Support Bounce): Pattern & Support: The EUR/CAD pair has been trading within a range, and the price is nearing a strong support level that has been tested multiple times in the past. This level could serve as a potential bounce zone if buying pressure reemerges. Forecast: If the price shows signs of rejection at this support (such as bullish candlestick patterns like a pin bar, engulfing pattern, or increased buying volume), it suggests a reversal and potential upside movement. Traders may look to enter long positions with the expectation of a bounce from this support level. A target could be set at recent resistance levels or Fibonacci retracement points. Bearish Scenario (Sell Support Breakdown): Pattern & Support: If the price fails to hold above the support level and breaks below it with strong momentum, this could signal a bearish continuation. Forecast:A break and close below the support level, especially with increased selling volume, could trigger a downside move. In this case, traders might look for short opportunities, anticipating further declines. The next potential targets would be lower support zones or previous swing lows. In either scenario, traders should monitor volume, momentum indicators (like RSI or MACD), and price action closely to confirm their trade direction.by PIPSFIGHTER7
Eurcad for possible buy or sell.Price is trying to form double bottom on the support zone, if price should complete it(DB), wait for a break and a retest of the neckline. If price breaks below the current zone then the setup becomes invalid, Then we can look for sell.by makindetoyosi21
EURCAD LONG TERM PLANEURCAD looking to me like a scalp short. We will see an entry swing long at the end of wave C on H4. Wait for M5 bullish pattern to form near entry zone.Longby Chathifriends2
EUR/CAD Is Bearish.EU has formed a consolidating lower lows structure that shows bearish might be in control if the 3red touch is mitigated . Happy tradingShortby ellcothleoma024
EURCAD is trade to make 300 pipsYesterday, the euro again bounced off 1.5120 support and tested 1.5160 resistance against the Canadian dollar before going back to support. The proximity to a strong resistance zone may become a reason to close long positions, amid which the pair could break support and decline toward 1.5080-1.5050. Passing 1.5140 will increase the chances of breaking 1.5160 and rising toward 1.5200. Selling on Rise is advised with target of 1.49 and 1.48... Good LuckShortby FOREX-MASTER1Updated 6
Is It That Bad in EU?Fundamentals & Sentiment EUR: - Market Internals - Service PMI Beat after a gloomy series of news in EU (CPI, French deficit) - Quite a bearish rhetoric of ECB CAD: - Some bearish comments - Oil is subdued Technical & Other - Seeing euro decline as overdone, expecting shorts unwinding Setup: S(RTF) Setup timeframe: 4h Trigger: 1h Medium-term: Down Long-term: Range Min target: DMA(10) Stop loss: 0.27% Position size: ~0.5R Longby Cherry94Updated 4
EURCAD: Long Trading Opportunity EURCAD - Classic bullish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Buy EURCAD Entry - 1.4946 Stop - 1.4900 Take - 1.5028 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals111
EURCAD start rising after downtrendEURCAD is gaining momentum for upside move, divergence formed on one hour time frame which indicates a reversal.Longby kashif19990
Could EUR/CAD reverse from here?The price rise rising towards the pivot which acts as a pullback resistance which is slightly below the 50% Fibonacci retracement and could fall to the pullback support. Pivot: 1.50036 1st Support: 1.48966 1st Resistance: 1.50706 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. Shortby ICmarkets7
EURCAD Breakout and retestEURCAD recently broke and closed above a downward channel, forming an ABC move. This bullish breakout marks a notable shift in momentum after a prolonged downtrend. The price has now approached a key resistance area, where previous sell-offs occurred, indicating potential resistance at this level. Given this setup, a short-term pullback is expected as the market may retest the upper border of the broken channel before resuming its upward movement. With the major trend still bullish on the daily timeframe, this pullback could offer a continuation trade opportunity. The target is the resistance zone around 1.52000Longby RTED_InvestingUpdated 113
EUR/CAD BUYERS WILL DOMINATE THE MARKET|LONG Hello, Friends! It makes sense for us to go long on EUR/CAD right now from the support line below with the target of 1.502 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band. ✅LIKE AND COMMENT MY IDEAS✅Longby EliteTradingSignals115
EURCAD: Waiting For Breakout EURCAD is currently in a pronounced downtrend. Following a test of a key support level on the 4-hour chart, a small inverted head and shoulders pattern has emerged on the 1-hour timeframe. To consider going long on the pair, watch for a head and shoulders pattern on the 1-hour chart and wait for a breakout above the neckline at 1.4946 to confirm buyer strength. If this occurs, a bullish movement towards the 1.5000 support level can be anticipated.Longby linofx1338
EURCAD Will Move Higher! Long! Take a look at our analysis for EURCAD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.493. The above observations make me that the market will inevitably achieve 1.497 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider111
EURCAD May Test 1.4900 During the Coming WeekEURCAD May Test 1.4900 During the Coming Week The EURCAD pair has been moving inside a large corrective pattern for about 2.5 months now. After breaking through the 1.4900 level in mid-July 2024, the price has been oscillating between two key areas: 1.4900 and 1.5170. Today, the price tested the 1.5170 zone again but failed to rise further and is now heading downwards. Expectations are that EURCAD may decline to test the levels of 1.5000, 1.4950, and potentially 1.4900 during the coming week. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️Shortby KlejdiCuniUpdated 4417
EURCAD: Classic Trend-Following Trading Setup 🇪🇺🇨🇦 Look at a price action on EURCAD. After a strong bearish movement, the price started to consolidate within a horizontal parallel channel on an hourly time frame. A breakout of the support of the channel is a strong bearish signal that signifies, a highly probable bearish continuation. Next support - 1.4902 ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader115
Bullish bounce?EUR/CAD is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which is a pullback resistance. Pivot: 1.48941 1st Support: 1.48252 1st Resistance: 1.49923 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 ICmarkets7
EUR-CAD Support Ahead! Buy! Hello,Traders! EUR-CAD is going down But will soon hit a horizontal Support level of 1.4902 From where we will be Expecting a local Bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals112
EURCAD: Long Signal with Entry/SL/TP EURCAD - Classic bullish setup - Our team expects bullish continuation SUGGESTED TRADE: Swing Trade Long EURCAD Entry Point - 1.4944 Stop Loss - 1.4906 Take Profit - 1.5015 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals111