Technical analysis: As we can see here price accumulates for last couple of weeks so I expect we can see AMD pattern. Price to manipulate buy side liquidity and then to distribute lower.
Fundamental view: based on fundamental analyses, we got a medium bullish momentum with a +2.7/10 bullish strength on our bias scale, giving us a good opportunity to buy. Technical view: as we reached demand zone in the EUR/CAD, we've swiped liquidity at the bottom plus a change of character , we are waiting for a correction to a fair value gap or an order block...
eurcad on a monthly timeframe has just took out our previous weekly low and we are now heading for the previous weekly high
My dear friends, Please, find my technical outlook for EURCAD below: The price is coiling around a solid key level - 1.4554 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.4515 About Used Indicators: The pivot point itself is...
EURCAD is at the bottom of a weekly channel it has got bullish momentum and ready to leave after the news
Very Bearish price action over all with EURCAD, Divergence on lower time frame is bearish so as price action. you could wait for retest and then short.
Here is our detailed technical review for EURCAD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.449. Considering the today's price action, probabilities will be high to see a movement to 1.451. P.S Overbought describes a period of time where there has...
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
EURCAD is trading in fine range of 100 pips . sometime ranges are best thing to play , all you need to just buy the support and sell the resistance. currently the pair is trading at the support of the range and showing the fine bullish rejection . Will it head to top to the resistance of the range.?
Looking at the chart of EURCAD right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely. ❤️ Please, support our work with like & comment! ❤️
It's a sensitive situation in eurcad, but the main trend is down, and the price is now in equilibrium...we can see multiple bounces at resistance areas and may take advantage of them by going short.
WE just hit a weekly FVG, looking for a sweep of the lows + MSS on the 30 min to go long
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💵Pair Name EUR/CAD Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🌐 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 ( Short ) Mid Term Type : Mid Term Swing —————————— Bearish...
Going off my last idea for this pair, price has failed to reach the resistance area of the consolidation zone, which would’ve filled the sell order. With this, I’m expecting a retest of the now broken support before a bearish continuation.
From what I can see, price is consolidating between the resistance area of 1.45600 & the support area of 1.45000. This consolidation has come after a bearish movement, suggesting to me that the bearish momentum isn’t done.
After an uptrend, EC went side for a longer time, I took trades in the middle of the range! Not the best way to do it. Hopefully next days and weeks it will leave the range and go north.