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Eurcadanalysis

EUR/CAD, in a downtrend ?Since August 2021, the price of EUR/CAD seems to be changing its trend and forming a new downtrend channel. Several areas are to be monitored, in particular the 0.61 points of the fibonacci and the first supply zone at the level of 1.5050 - 1.5250 which is at the intersection of the 2 channels. Then the second supply zone seems to be a strong resistance, to be monitored as well if EUR/CAD continues to progress. A long-term objective would therefore be to return to the low point of August/September 2022 at 1.2880 PIPS, then to continue on the second demand zone.
Short
by ATM_INVEST
2
EURCAD is now bullish.. 21 Nov 2022Take a look at the 50 EMA and 200 SMA in relation to recent price action. The 50 EMA is now providing dynamic support and price is above the 200 SMA. See also price action and you note that the downtrend ended some time in July, after a short consolidation has been bullish for during the recent past. Now that the uptrend has been established, I am looking for the next pullback to join it. A pullback to the 1.3660 region would be perfect but I will not wait for such perfection. Even if the pullback is shallow, I will be happy to join the uptrend. Always use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Long
by Trading_Vista
10 Reasons for Neutral EURCAD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: The trend is bearish side but forms a lower high 2 📆Monthly: a clear downtrend in monthly, but the current price is in a correction phase also taps there recent FVG and continues to upside 3 📅Weekly: inducement and Change chrecttor 4 🕛Daily: clear uptrend also fill out their targets new market may give us a strong reversal or correction 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bullish 6: 2 Pattern Candle Chart: Momentum candle /cup and handle 7: 3 Volume: below the average reversal 8: 4 Momentum UNCONVENTIONAL Rsi: rsi overbought 9: 5 Volatility measure Bollinger bands: double top 10: 6 Strength ADX: strength in bullish 11: 7 Sentiment ROC: this EUR is more substantial than CAD ✔️ Entry Time Frame: H4 12: Entry TF Structure: Bullish, but we are seeking a correction according to daily and weekly TF 13: entry move: Impulse 14: Support resistance base : 15: FIB: ☑️ final comments: Wait for this pair 16: 💡decision: Wait 17: 🚀Entry: 18: ✋Stop losel: 19: 🎯Take profit: 20: 😊Risk to reward Ratio: 🕛 Excepted Duration :
by Optimum369
Should You SELL EURCAD Now ??We have now entered a Weekly SUPPL/SELL zone and approaching the 1.40 level which is a previous strong weekly & monthly support level so will so we will expect some resistance here. I am now activily looking for SELL signals using my custom indicator on timeframes 4hr to daily the first easy target for this setup if iit occurs is the 1.37 area which is the previous HIGh in the current leg up and a further drop down towards 1.35 could be on the cards as that is a nice Weekly DEMAND/BUY level. Let's see how we go please booast and comment :)
Short
by TheFxAce
3
EURCAD - 60 MINS TIMEFRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
Short
by Tradelikemee
2
eurcad ready to rise from support Hi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about Eurcad We can see formation of falling battern So we are expecting a strong rise near resistence. This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence........
Long
by Theranasaramd