EURCAD...SHORTOANDA:EURCAD A short position can be taken on the specified levels
There is no position before reaching the surface
Eurcad!
🇪🇺 EURCAD 🇨🇦 - Retest of resistance before further declineThe currency is purposefully moving towards the resistance at 1.4728, which plays the role of the upper boundary of the flat. Accordingly, the global trend is downward and the resistance area in this context plays a key role before further decline.
Reasons for further decline:
1) Counter-trend correction
2) Liquidity and resistance areas at 1.4728 are strong enough for a breakout
3) Flat from the upper boundary of 1.47200 may push the price downwards
4) There are no fundamental reasons for the euro to rise
EURCAD Is Going Up! Long!
Please, check our technical outlook for EURCAD.
Time Frame: 45m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.465.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.467 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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NZDCAD: Local Bearish Reversal?! 🇳🇿🇨🇦
I see a nice bearish reaction to a key daily horizontal resistance on NZDCAD.
After a test of the underlined blue area, the price started to consolidate and formed
a horizontal range on a 4H time frame.
Its support was violated and for us, it is an import sign of strength of the sellers.
We can expect a bearish continuation now at least to 0.83
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EURCAD: Pullback From Key Level 🇪🇺🇨🇦
I see a nice bullish confirmation after a retest of a broken structure on EURCAD.
The price formed a falling wedge pattern and violated its resistance on an hourly time frame.
We can expect a local bullish movement to 1.4675
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EURCAD: Strong Bullish Confirmation 🇪🇺🇨🇦
Update for EURCAD.
Earlier we spotted a confirmed bullish reversal on a daily time frame.
After a violation of a daily horizontal resistance, the price started to consolidate
with a bullish flag pattern on a 4H time frame.
The resistance of the flag was broken today with a high momentum bullish candle.
It is a strong bullish confirmation and it indicates that more growth is coming.
Next resistance - 1.4699
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EURCAD - Bullish perspective ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here I changed my mind, so I will look for a long opportunity. I want price to continue the retracement to fulfill the imbalance and then to reject from bullish order block + FIBO 0.618 level.
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EUR/CAD BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
EUR/CAD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 3H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.457 area.
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EUR-CAD Support Ahead! Buy!
Hello,Traders!
EUR-CAD is making a
Bearish correction after
A strong push upwards
But the pair will soon
Retest a horizontal support
Level of 1.456 from where
I think we will see a
Bullish rebound
Buy!
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Check out other forecasts below too!
EURCAD - Expect AMD Pattern ✅Hello traders!
‼️ This is my perspective on EURCAD.
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 news: Next week we will see result of monthly CPI on CAD.
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EURCADEURCAD has given the clean breakout of long term consolidation. And now the market is retesting the broken level. sellers seems to be exhausted.
if this breakout holds the next upside targets will be 0.8400 followed by 0.9000
EURCAD Short Term Buy IdeaH4 - Bullish trend pattern.
Currently it looks like a pullback is happening.
No opposite signs.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
EURCAD,🟢Is it time to buy?🟢(Details on caption)
Well, The price had a bullish reaction after touching the daily FVG, so I expect a more bullish move in EURCAD.
As the first target, we can define the liquidity pool that formed as an equal high at 1.4573.
The price formed the bearish order block, we should study the price in this zone because it is an important supply zone, if the price breaks this zone we can expect the price to be at a higher price.
If the price stays above the daily bullish FVG, the bearish FVG can be our final target. (1.4780-1.4890)
EURCAD I Potential intraday short to 50% fib of impulse candle 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.
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EURCAD: Bears Will Push
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURCAD pair which is likely to be pushed down by the bears so we will sell!
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EURCAD A Fall Expected! SELL!
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 simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
EURCAD Will Go Higher! Buy!
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 been a significant and consistent upward move in price over a period of time without much pullback.
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EURCADEURCAD 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.?
EURCAD: Bullish Forecast & Bullish Scenario
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.
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EURCAD: A LIQUIDITY SWEEP THAN LONG !WE just hit a weekly FVG,
looking for a sweep of the lows + MSS on the 30 min to go long
Bull Market Analysis IdeaDear Friends,
I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors.
As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market.
I am sharing my analysis with you, but please note that I am not providing any buy or sell signals. I aim to share my unbiased analysis with you so that you can use it as a guide to make informed decisions.
In the attachment, you will find my previous analysis of the same market, so you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily).
I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished.
Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
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Bear market IDEA
