Eurcad!
EUR/CAD My Opinion! SELL!
My dear friends ,
My technical analysis for EUR/CAD is below:
The asset is approaching an important pivot point 1.47365
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Goal - 1.46818
My Stop Loss - 1.47672
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
💱EURCAD - Ascending triangle EURCAD continues its bullish trend. The price is testing the resistance on the background of upward movement. There is a chance for a quick breakout
TA on the high timeframe:
1) Accumulation is formed near the level of 1.47728. At the next retest, the price may break the resistance
2) The liquidity area of interest for the price is above 1.48560.
TA on the low timeframe:
1) A triangle is forming
2) Price bounces off the support on the background of a bullish trend
3) A retest of resistance is forming, increasing the chance for a breakout
Key resistance📈: 1.47600, 1.4796
Key support📉: 1.4700, 1.4654
EURCAD Is Very Bearish! Sell!
Please, check our technical outlook for EURCAD.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.473.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.465 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EURCADHello traders ,what do you think about EURCAD? This pair is completing a pullback after breaking its trend line. It is expected to fall to the specified levels by completing the pullback and reaching the specified resistance zone.
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EUR/CAD Gears Up for a Bullish Resurgence: Technical Confluence EUR/CAD Gears Up for a Bullish Resurgence: Technical Confluence Points to a Promising Long Setup
In a striking turn of events, the EUR/CAD currency pair has staged an impressive rebound, finding substantial support at the critical level of 1.46500. This resurgence has been accompanied by a robust candle formation, a convergence of Fibonacci retracement levels, and a resolute commitment to the overarching uptrend. As the stars align in favor of the Euro (EUR), market participants are poised to seize the opportunity for a new long setup, riding the potential wave of a renewed bullish impulse.
The pivotal role of the 1.46500 support level cannot be overstated. Serving as a steadfast foundation for the recent price action, this level has proven its mettle in halting the pair's descent and providing a springboard for its upward rebound. Such a rebound, when viewed in conjunction with the 38.2% and 50% Fibonacci retracement area, underscores the confluence of technical factors propelling the EUR/CAD's resurgence.
TurnAround Point: 1.4686
Our preference
The upside prevails as long as 1.4686 is support.
EURCAD - 4hrs ( Sell Trade Target Range 150 PIP ) Pair Name : EUR/CAD
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 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 )
Type : Mid Term Swing
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Bearish Retest
1.47500 Area
Reasons
- Major Turn level / W
- inner Choch Area
- visible range hvn
- Fixed Range Lvn
Bullish Reversal
1.45500 Area
Reasons
- major Turn level
- Visible range lvn
- Pattern Target
- D choch Area
EURCAD - 4hrs ( Down + 50 PIP / Tp 1 > Full TP 150 PIP ) Pair Name : EUR/CAD
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Short
📋 Educational
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🗒 Just browsing through my analysis means a lot to me.
➡️ Update -
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VIP Opportunity
Take Profit 1
Account Growth = 5 %
Pip' Achieved = 50 PIP