Hey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.47500 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.47500 support and resistance area. Trade safe, Joe.
Pair Name : EUR/CAD 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Break...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
My dear friends, My technical analysis for EURCAD is below: The market is trading on 1.4677 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.4644 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
We see a head and shoulders pattern so I'm waiting for price action to move lower than the neckline.
Hello traders I hope the trades of the week AUDUSD and NZDUSD have been going in your favor. EURCAD is another one on my radar. * After a sharp move upwards we are now correcting against that wave. * b wave currently forming (ENGULFING CANDLE) * Within this structure we need to see the liquidity (GAP) at the bottom taken out. * RUNNING FLAT is being formed...
This is my bullish trend idea. However, wait for clear trend continue moment and wait for trend continue after can entry. This is my opinion, not for any signal service. Good luck.
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
Price seems to be making series of lower highs and looking for a bearish turn. Ideally price should remain below Fridays high or 1.47and targets below 1.44/1.42800
Will wait for a retracement into the discount level at 1.46248, if price reaches the fvg before sellling off then this is invalid.
This is my Setup for Eurcad. In a bearish market conditions, we have to look for Sell Orders. Look for the LTF confirmation before entry. Thank You.
My analysis for this pair at the moment is bullish, i expect a bullish move farther than the T.P in the analysis. Kindly do your own diligence before execution.
The euro is susceptible to fluctuations in energy prices, while the Canadian dollar stands to gain from them. Any developments concerning the conflicts in the Middle East or Ukraine, as well as increased tensions in these regions, could potentially lead to a bearish sentiment for EUR/CAD. However, I believe that the market's reaction to previous events, such as...
The EUR/CAD pair, since January 1st, 2023, has been traversing within a defined range, characterized by notable reversals between support and resistance levels. Recent market movements have unveiled a potential reversal pattern, signaling opportunities for astute traders. Initiating from its recent peak at 1.5050, EUR/CAD has embarked on a new trajectory, marked...
Looking at the chart eur /cad 15, we see a downward trend
Ratio is above 5 and this long position seems like a good one for today .
Take a look at our analysis for EURCAD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.460. Considering the today's price action, probabilities will be high to see a movement to 1.464. P.S Please, note that an oversold/overbought condition can last for a...