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Eurcad!

EURCAD, Huge H-S-Formation, BEAR-Acceleration to Emerge!Hello There! Welcome to my newest idea about EURCAD. Within recent times there have been grievous developments within the whole forex market developments that should not be underestimated in any case, there are several factors and forex pairs to consider, the economic Eurozone field is still in a not completely recovered condition field because there are crucial ongoing supply-chain disruptions still battering the Eurozone economic field. These supply-chain disruptions should not be underestimated in any case because they are actually fueled by the fact that inflation is still extremely high and high interest rates do not decrease the supply-chain disruptions. When looking at my chart these major disruptions within the market have been followed by the continued bearish accelerations towards the downside always emerging with the bearish waves and accelerating the bearish momentum. Now EURCAD already formed the breakouts below the 100-EMA confirming the EMA as a major resistance from where further pullbacks towards the downside are highly likely. This means that the next lower lows within the upcoming times are underlining and pointing to huge bearish momentum acceleration spikes towards the downside. Besides this EURCAD is forming this gigantic head-shoulder formation in which it is going to complete the right shoulder once it has formed the breakout below the main supports and neckline of the formation. This final confirmation of the crucial head-shoulder formation in almost all of the cases is the origin of high momentum into the bearish continuation. Especially, once the formation has been completed this is going to lead to the breakouts below the EMAs, and considering further ongoing supply-chain disruptions as well as a stagflation Eurozone economy because of high inflation in combination with supply-chain disruptions this is going to accelerate the bearish dynamics. In this manner, thank you everybody for watching my analysis of OIL. Support from your side is greatly appreciated. VP
by VincePrince
11
Invalidated the bearish order flow and hikedInitially the market was in a bearish channel characterised by an order flow of lower lows and higher lows, then price created a low at 1.41578 and pushed to the upside to invalidate the bearish channel. We then had a slight pullback to correct the imbalance and drastically hiked. The market printed an inverted shooting to indicate loss of bullish momentum, now price is expected to drop to the fair value, then the demand and then resume with the bullish move to the external 1h liquidity pool…
by tokelohomi
EURCAD LONG TERM SELLING TRADEAug 21 Hello Traders In This Chart EURCAD HOURLY Forex Forecast By FOREX PLANET today EURCAD analysis 👆 🟢This Chart includes_ (EURCAD market update) 🟢What is The Next Opportunity on EURCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
Long
by ForexPlanet20
Long Opportunity For EURCADMarket Structure is KING! Hey, if you like this idea be sure to support with a like and a follow. Here is my analysis for EURCAD for the upcoming week. CAD News on Tuesday during the NY session. I'm looking to buy for a short-term pullback. What are your thoughts? Leave it in the comments below! Blue Signal FX Rules-Based Trading 1. CHECK THE NEWS! 2. WHAT IS THE OVERALL TREND? Market structure will give you direction. 3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE. 6. CHECK FOR DIVERGENCE.
Long
by bluesignalfx
1
EURCAD, Huge Double-Top Formation, BEARISH Flag-Setup!Hello There! Welcome to my new analysis of EURCAD from the 4-hour timeframe perspective. Within recent times the forex currency pair already emerged with a massive bearish inclination that should not be underestimated especially as the momentum already reached an accelerated point. Now, a major consideration is whether this bearish dynamic holds on or is going to accelerate much more within the upcoming times. In my analysis, I have considered the backend analytics and what should be expected with the pair within the current market situation, especially with the major underlying bearish inclinations. When looking at my chart now, the most important part of my chart is this gigantic double-top formation with the first and second tops already being completed. Since EURCAD formed the second top within the whole double top formation it heavily accelerated with the bearish momentum finally breaking out below the boundary of the double top formation to accelerate the massive bearishness below these boundaries. Also, important here is that a major bearish EMA crossover is marking a huge resistance and is confirming the bearish downtrend dynamics. With the completion of the gigantic crucial momentous double-top formation, EURCAD is setting up a massive bearish inclination especially as it is forming the next bearish flag below the boundary breakout zones. This bear flag formation is likely to complete within the next time and is going to accelerate the bearish momentum continuations towards the lower levels. First of all, the first target zone that has been activated is the minimum target zone of 1.409 as marked in my chart. Once this target zone is reached and the bearish momentum accelerates the price is going to continue below these zones. Taking all these factors into consideration here, EURCAD is now about to set up the next bearish continuation wave which will reach the next bearish acceleration triggers once the bear flag formation to complete the double top confirmation has been finally completed with a breakout towards the downside. Depending on the bearish momentum that is going to prevail after the breakout setup it will be important on how the bearish momentum actually sets up and how it reaches the target zones. Because, especially when the momentum increases by 4x in momentum pace there is a high possibility for the bearish continuation to move further into the bearish ground continuation. It will be a highly crucial determination. In this manner, thank you everybody for watching my analysis of EURCAD. Support from your side is greatly appreciated. VP
by VincePrince
6
EURCAD The Target Is DOWN! SELL! My dear followers, I analysed this chart on EURCAD and concluded the following: The market is trading on 1.4355 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.4280 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
4
EURCAD: Your Trading Plan For Today 🇪🇺🇨🇦 EURCAD is trading in a strong bearish trend. After the price set a new lower low lower close on a daily, it retraced to a key daily horizontal resistance. To short the pair with a confirmation, monitor a head and shoulders pattern on 1H t.f. Its neckline breakout - hourly candle close below 1.422 will confirm the strength of the sellers. A bearish continuation will be expected then to 1.418 level. Remember, that if the price sets a new higher high, the setup will become invalid. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
9
EURCAD: Support breakout, continuation following retest?We can see that EURCAD has been on a downtrend since the last week of August. With Oil prices rising I think the fundamentals for the Canadian Dollar continue to look good, the EURO on the other hand doesn't have much going for it. I have noted a break through support and looking for a short any time soon, there's minor support at 1.402 which will be my target, however I think this won't put up too much of a fight and we'll be down around 1.375 soon.
Short
by Finchcliffe
EUR/CAD Under Pressure Below 1.4200 as Crude Oil SurgesEUR/CAD Under Pressure Below 1.4200 as Crude Oil Surges EUR/CAD continues to face downward pressure, trading below the psychologically significant level of 1.4200 during early European trading on Thursday. This decline can be attributed to the notable surge in crude oil prices, driven by a combination of factors including supply constraints and optimism about the Chinese economy. Crude Oil Prices Soar Crude oil prices have experienced a remarkable rally, reaching levels not seen in over a year. This surge can be attributed to ongoing signs of a tightening global supply and cautious optimism regarding China's economic recovery. China, as the world's largest oil importer, plays a pivotal role in the global oil market. WTI crude oil prices have been on a winning streak, trading above $93.20 per barrel at the time of writing. EIA Crude Oil Stocks Change Data The latest data from the Energy Information Administration (EIA) regarding Crude Oil Stocks Change for the week ending September 22 added to the bullish sentiment. It revealed a decrease in oil stocks by 2.170 million barrels, surpassing the 2.135 million drawdown seen in the previous week. Market expectations were for a more modest decline of 0.32 million barrels. Impact on EUR/CAD The decline in US crude inventories has raised concerns about the potential economic fallout stemming from rapidly rising borrowing costs. This has further bolstered WTI crude oil prices. It's important to note that Canada is one of the largest oil exporters to the United States (US). Consequently, the strength in crude oil prices can exert downward pressure on the EUR/CAD pair. Technical Analysis From a technical perspective, there is evidence of a breakout from the neckline of a Head & Shoulders pattern. This technical pattern suggests a potential continuation of the bearish trend, indicating the possibility of further downward movement in the price of EUR/CAD. Conclusion EUR/CAD remains under pressure, trading below 1.4200, as crude oil prices surge to over one-year highs. The bullish momentum in oil markets, driven by supply constraints and optimism about China's economic recovery, is a significant factor affecting the pair. With concerns about rising borrowing costs and their potential economic impact, the outlook for EUR/CAD remains uncertain. Technical indicators also support the notion of a bearish trend continuation. Traders will closely monitor developments in both the energy markets and economic data to gauge potential trading opportunities in the pair. Our preference The downside prevails with Targets: 1.4100 & 1.4000
Short
by FOREXN1
6
EURCAD Trade IdeaThe EURCAD has currently reached a pivotal support level following a significant downtrend. It is evident that the price has become over-extended, signaling a potential retracement in the near future. Our trading strategy entails establishing a short position should the price retrace into our predefined selling zone. I adhere to a prudent approach when determining position sizes, typically allotting approximately 0.2% of my account balance to each trade, with a maximum exposure of 2% at any given time. It is essential to emphasize that this information should not be construed as financial advice, as trading carries inherent risks. Emphasizing the implementation of robust risk management techniques is of paramount importance.
Short
by tradingwithanthony
Bearish Outlook: EurCad's Potential 500 Pip Drop AheadSince the beginning of 2023, EurCad's price has been trading above 1.4250, a level that became a very important line in the sand, with a test in January, February, and back in June, Recently, the price came back to this level and after only one day of consolidation, yesterday broke under. This is a very important break for the pair and opens the door for further losses. As we can see from the chart, yet another important break happened at the beginning of the month- The ascending trend line support- and also the price action from the past 12 months resembles an H&S. All in all, I expect a drop of around 500 pips in the coming months and a positional trader could take advantage of such a trade.
Short
by Mihai_Iacob
9
EURCAD ↗️ ↘️ Analysis (double Bottom ) Hello Everyone 🙋🏽‍♂️ As we could see at the end of the descending channel, we had Double bottom and the most recommended movement after the This move is a ascending trend, so we had two scenarios her as we could se on the chart, 1️⃣ first one is the ascending trend which is the most common move to this pattern after testing the price 1.43900 2️⃣the second one is the descending move in the rectangle which is it possible movement after the price change the channel movement 1.42700 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP Don't forget to hit the like bottom and write a comment to support us. Follow us for more 🙋🏻‍♂️ Best Regard / EMA Trading . Disclaimer: ---------------- It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .
by EMA_Trading
4