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EURCAD

EURCAD I Watch for break of range and these levelsWelcome 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
6
EURCAD → Consolidation near resistanceEURCAD is trading in a formed bearish price channel. An accumulation is forming on the chart which might try to break the trend, but on D1 MarketMaker is forming a trap TA on a high timeframe: 1) Price does not reach the 1.4247 level and starts to reverse, there is a possibility that with increasing buyer activity, MarketMaker may reverse the market in the 1.44250-1.34700 area and direct it to 1.4242. 2) Above the 1.4400 area there is a large amount of liquidity that could be of interest to the market. TA on the low timeframe: 1) Price is in a downward channel. 2) Resistance retest is forming. 3) If the bears hold this area, we will see a fall in the near future 4) But if the resistance is broken, our target is 1.45160 Key support: 1.43180 Key resistance: channel resistance
by AndeWave
10
✨ NEW: EURCAD ✨ SWING TRADE ✨TP3 @ 1.4765 (closing ALL Buy Orders) TP2 @ 1.4625 (shaving 25%) TP1 @ 1.4466 (shaving 25%) BSO @ 1.4375⏳ BLO @ 1.4315⏳ TECHNICAL ANALYSIS: — The EURCAD is currently trading at 1.43431 — The moving averages are all pointing upwards, which is a bullish signal — The RSI is in the overbought zone, which could signal a potential sell-off — The MACD is crossing above the signal line, which is a bullish signal Overall, the technical analysis for EURCAD is bullish. However, the RSI being in the overbought zone that could signal a potential sell-off. Based on this calculated guess, I'm going my chances with a Buy Order(see above) HIGH IMPACT EVENTS: — The economic outlook for the Eurozone and Canada — The interest rate differential between the Eurozone and Canada — Crude oil prices — Geopolitical events FUNDAMENTAL ANALYSIS Interest Rates: The European Central Bank (ECB) has raised interest rates twice in 2022, while the Bank of Canada (BoC) has raised rates four times. This has put upward pressure on the Canadian dollar and downward pressure on the euro. Inflation: Inflation is slightly higher in Canada. This could lead to further BoC rate hikes, which would continue to put downward pressure on the euro.
Long
by ProfessorCEWard
1
EURCAD - Sliding LowerEURCAD - My "pair nobody wants" continued its downtrend this week - making entries difficult; at least for myself. (Regretting closing my short entry at 1.50715) Fundamentals this week supported further movement in the current direction, from my point of view. Risk off! (Well never, but its lower) If the week ahead stays within boundaries Ill be looking for something like this to play out - seems probable we can push up to 1.445 area. Would be interested to see if we get a decent reaction there.. Patiently waiting for Thursday afternoon/evening. If you took the time to read this, take a look back at that time for yourself - nice coupler with your other technical preferences, if they so fit there. Happy Trading - Stay Agile
Short
by Scott_The_Chartist
USDCAD I Bullish CAD News but in the rangeWelcome back! Let me know your thoughts in the comments! ** USDCAD 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
3
GBPCAD I How to trade it following BOC Rate ReportWelcome back! Let me know your thoughts in the comments! ** GBPCAD 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
1
EUR/CAD What Next? BUY! My dear friends , My technical analysis for EUR/CAD is below: The market is trading on 1.43401 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.43920 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1