EURCAD trade ideas
EURCAD update and new view on EC
OANDA:EURCAD in first view (attached) we are have at end break of zone and also break of trend line, price is start pushing bearish.
Now RAISING WEDGE pattern is visible, looks like strong momentum is gathered and from here expecting one more fall.
SUP zone: 1.57100
RES zone: 1.54600, 1.54000
EURCAD Technical & Order Flow Analysis (Swing Trading)Our analysis is based on multi-timeframe top-down analysis & fundamental analysis.
Based on our view the price will fall to the monthly level.
DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you.
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EURCAD Is Very Bearish! Short!
Here is our detailed technical review for EURCAD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.561.
The above observations make me that the market will inevitably achieve 1.529 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EURCADON THE WEEKLY,
⚡️we established the major key monthly and weekly zone
⚡️ momentum loss of candles and appearance of bearish candles followed by 4 ⚡️multiple candle rejection on the weekly right at the key zone
⚡️wide weekly divergence right at the key zone which is very rare!! a week all signaling bearish hence we move to the daily timeframe!!
Get ready for a massive sell 📉
EUR-CAD Will Keep Falling! Sell!
Hello,Traders!
EUR-CAD is going down
Now and the pair broke
The rising support line
Made a retest and is going
Down again now so we are
Bearish biased and we will
Be expecting a further
Bearish move down
Sell!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURCAD: True Bearish Reversal?!EURCAD formed a classic head and shoulders pattern following a retesting of an important historical resistance level.
A break below the neckline, accompanied by a strong bullish candle, confirms a bearish signal.
I anticipate a corrective movement, potentially reaching as low as 1.5555.
EUR_CAD BEARISH BREAKOUT|SHORT|
✅EUR_CAD made a bearish
Breakout of the support
Cluster of the rising and
Horizontal support lines
Around 1.5672 and the
Breakout is confirmed so
We are bearish biased and
We will be expecting a
Further bearish move down
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURCAD Sellers In Panic! BUY!
My dear friends,
My technical analysis for EURCAD is below:
The market is trading on 1.5585 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.5728
Recommended Stop Loss - 1.5506
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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
EURCAD Is Bearish! Sell!
Please, check our technical outlook for EURCAD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.564.
Considering the today's price action, probabilities will be high to see a movement to 1.543.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
EURCAD TOP DOWN ANALYSIS 4HR TIMEFRAMEOn the 4hr timeframe, we noted the key zone + breakout of the rising wedge and the trendline + confirmation candles for the breakout candle that formed afterwards hence we take a quick entry short in this short term retracement and our stoploss above the trendline etc. May the gains be with us all!!
EURCAD TOP DOWN ANALYSIS DAILY TIMEFRAME On the Daily, we established the key zone still lining perfectly on the daily time frame + another wide daily divergence right at the key level + price breaking out from the rising wedge and the trend line all signaling bearish and confirming the monthly and weekly bearish bias!!
EURCAD TOP DOWN ANALYSIS BEARISH BIASON THE WEEKLY, we established the major key monthly and weekly zone + momentum loss of candles and appearance of bearish candles followed by multiple candle rejection on the weekly right at the key zone + wide weekly divergence right at the key zone which is very rare!! a week all signaling bearish hence we move to the daily timeframe!!