The market reached the key resistance zone at 1.47000. FX:EURCAD overall in the range zone on the 4H timeframe. The price is showing weakness near the level. I think the market will make a fake breakout of the resistance and an upward trendline. I will look for a test of the zone and move down towards support if the price forms a long-tailed bar or engulfing...
Consider BUYING EURCAD based on historical seasonality trends and anticipated positive monetary policy by the 2024 Federal Reserve head. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
Title: Strategic Bearish Bias on EUR/CAD: Fibonacci Retracement Entry Plan
In the ever-evolving landscape of forex, a calculated bearish stance is established for the EUR/CAD pair. The impending short position is contingent upon the market attaining the 50% level on the Fibonacci retracement tool, a pivotal juncture identified for potential reversal.
Key...
Hello,Friends!
EUR/CAD pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 6H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.470 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely....
Hello guys, on eurcad we have a strong continuous breaks to the up side and we currently have a deep pullback at the discount pricing which we are expecting the market to continue higher .
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.
My dear friends,
Please, find my technical outlook for EURCAD below:
The price is coiling around a solid key level - 1.4665
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.4629
Safe Stop Loss - 1.4678
About Used Indicators:
The...
EURCAD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short EURCAD
Entry Point - 1.4676
Stop Loss - 1.4700
Take Profit - 1.4620
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
EURCAD finds a choppy trading condition set ahead for a while, One of the least popular FX pairs - for good reason.
This correlation toward the USD/SGD and EUR/USD finds another confirmation off my initial two part EURUSD Theory posted earlier.
Links Below
My dear friends,
Please, find my technical outlook for EURCAD below:
The price is coiling around a solid key level - 1.4666
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.4505
About Used Indicators:
The pivot point itself is...
EURCAD H4: BULLISH MOMENT OBSERVED STRONGLY
The EURCAD denotes how many Canadian Dollars are needed to purchase over one Euro. Crude oil is also one of Canada's largest exports & as such, tends to be sensitive to fluctuations in crude oil prices and global growth expectations. The Eurozone is the largest monetary union in the world and one of the most popularly...
The chart shows the performance of the CAD (Canadian Dollar) against the EUR (Euro) over the past month. It utilizes two key indicators:
RSI (Relative Strength Index): RSI is a momentum oscillator that measures the speed and change of price movements. When the RSI is in the overbought zone (typically above 70), it suggests that the CAD may be overvalued relative...
