if you look at the movement of this pair on the D1 time frame, it looks like the price is stuck at a fairly strong resistance, and last week the price managed to breakout from the resistance (SR Flip). if you look at the bullish candle that formed a few days ago, the possibility of continuing the bullish trend is still strong. you can go long when the price...
Hey Traders, in this week we are monitoring EURCAD for a selling opportunity around 1.48 zone, EURCAD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.48 supply and demand area. Trade safe, Joe.
✅EUR_CAD has been growing recently And the pair seems locally overbought So as the pair is approaching a horizontal resistance of 1.465 Price decline is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Price has broken a key resistance-turned-support at 1.4516 which forms the basis of our potential bounce - this level also happens to coincide with the 23.6% Fibonacci retracement. A bounce from here could see prices rise towards the 1.4631 level which is our next big overlap resistance. Please be advised that the information presented on TradingView is provided...
EUR-CAD broke the key Horizontal level of 1.45216 And the breakout is Confirmed so I think That we will see Bullish continuation !
EURCAD is breaking the channel resistance, but there is no the reaction that everyone is waiting for. A bottom has formed on d1 and a counter-trend movement is starting to form. TA on the high timeframe: 1) Price breaks the resistance at 1.45120, but there is no impulse, which should happen when breaking the resistance 2) The same flat is formed. The price may...
Hello traders! ‼️ This is my perspective on EURCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to make the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.44000. Fundamental analysis: Next week on Wednesday...
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On the weekly: a triple bottom (including a false break). On the daily: Neutral to bullish. The last 3 weeks we have seen a gradual move up and price has been above the 200dma. On the H4: Looks bullish. A nice strong move up followed by a range formation. The false break below confirms my bullish bias. If, however, we get a close below 1.4470 that would negate my...
Hello,Traders! EUR-CAD broke the Key horizontal level Of 1.453 and the breakout Is confirmed which means That there is a good chance For us to see further growth Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURCAD chart which, if analyzed properly, clearly points in the upward direction. ❤️ Please, support our work with like & comment! ❤️
After a bullish accumulation, EURCAD broke and closed above a wide horizontal supply cluster on a daily. The broken structure turned into a demand zone. I believe that the pair will go higher. Next resistance - 1.463 For entries, consider the occasional retest of a broken structure. ❤️Please, support my work with like, thank you!❤️
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Welcome back! Let me know your thoughts in the comments! ** EURCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
EURCAD hit today the MA50 (1d) for the first time since May 12th. The real pivot though that turns the trend from bearish to bullish and vice versa, has been the MA100 (1d), which is currently a little higher at 1.45996. A candle close over it, is a buy signal, despite the presence of Resistance (1). The long term trend remains bullish supported by the MA200 (1d)...
FX:EURCAD Hello trader! I am glad to share my idea about this pair. Just remember to manage your capital while trading. No matter how perfect your trading system is, the way you mange your risk is the key to be a consistent trader. The winning trader is always a consistent trader. From H4 timeframe, we can see that price is reaching strong demand zone,...
Some of my attention is seeing movement on EURCAD today. It looks possible that it will experience a decline in the resistance area. I'll try to wait in the 1.454 area