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EURCAD

EUR/CAD BUYFrom a technical analysis perspective, the 1.48 resistance level is critical, and the euro is currently testing this level. If it manages to break through, the next target could be the 1.49 level​ (Traders Union)​. However, if the pair fails to hold above this level, it may fall back into the 1.46-1.45 range​ (DailyForex)​. Fundamentally, the market is influenced by economic news from Europe and Canada, as well as oil price movements. Potential rate cuts by the European Central Bank (ECB) and fluctuations in oil prices are significant factors. For example, a drop in oil prices can weaken the Canadian dollar, given Canada's role as a major oil exporter​ (FX Empire)​​ (Traders Union)​. Overall, the EUR/CAD currency pair might remain in a consolidation phase in the short term, with traders closely monitoring key technical levels and fundamental news to determine the next moves. Market sentiment is mixed, and volatility is expected to continue in the near future.
Long
by xMoranTomx
EURCAD - 4hrs ( Sell Trade Target Range 180 PIP ) ☑Pair Name : EUR/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ 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 ——————————— ☑Bearish Break 1.46800 reasons - Major Turnn level / D - pattern Break - Fixed Range Break - Visible Range Lvn - Channel Break - Fibo Golden Zone - Choch Zone ☑Bullish Reversal 1.44500 Area Reasons - Major Turn level / M - Pattern Target - daily Choch - Trend Line Area - quarter's low Area - Fibo Golden - Visible Range Lvn
Short
by GentleGoldenEngine
1
MarketBreakdown | Dollar Index, Silver, EURCAD, WTI Oil Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ Dollar Index #DXY daily time frame 💵 Dollar Index nicely respected a key daily horizontal resistance. We see a nice bearish reaction to that today. Because of the absence of important fundamentals, I think that DXY may keep staying under a bearish pressure. 2️⃣ Silver #XAGUSD daily time frame 🪙 The price action on Silver contracts. The market is currently stuck between 2 trend lines, forming a classic symmetrical triangle formation. Before the release of the news, the market will most likely stay within the triangle, respecting its upper and lower boundary. US fundamentals this week can be a catalyst for a breakout. The side of the breakout will indicate you the future direction of the market. 3️⃣ #EURCAD daily time frame 🇪🇺🇨🇦 The market is approaching a significant confluence zone based on a recently broken horizontal support and a trend line. The broken structures compose a supply zone from where we may see a bearish movement. Patiently analyze the reaction of the price to that on lower time frames and look for a confirmation to sell. 4️⃣ #WTI CRUDE OIL 🛢️ The market is currently stuck between 2 horizontal structures within a narrow range. I will wait for a breakout of one of the structures to confirm where the market will go next. ❤️Please, support my work with like, thank you!❤️
TVC:DXYShort
by VasilyTrader
1
EURCAD - Look for a short !!Hello traders! ‼️ This is my perspective on EURCAD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for short position. My point of interest is if price makes a retracement and fills the imbalance higher, then rejects from bearish order block + trendline. Fundamental news: Next week on Tuesday (GMT+3) we will see results of CPI in Canada, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
EURCAD: Your Trading Plan Explained 🇪🇺🇨🇦 EURCAD looks quite exhausted after a strong bearish movement in the morning. The price is currently testing a key daily support. I think that the price may pull back from that. Your confirmation to buy will be a bullish breakout of a neckline of a double bottom pattern on 1H time frame. An hourly candle close above 1.4723 will confirm a violation. A bullish movement will be expected to 1.4745 level then. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1