Eurcadanalysis
EURCAD trade idea, wait for key level breakout!currently, we are seeing price held by trendline resistance and key level resistance combined, these levels might become strong levels to hold the EURCAD upside movement. personally, I will wait for the price to break out before placing any buy order, be patient and Goodluck traders!
**Disclaimer** the content of this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
EURCAD | BREAKING CHANNELEURCAD has been trading in bearish parallel channel from the start of this month. It has defined the bottom around 1.35900 where we witness consolidation. Recently price has broken the consolidation box and trading above it.
We remain watchful of the falling channel resistance zone and will be bullish if the price break and sustain above it.
EURCAD Analysis and Trade IdeaAdjusting to the price action, an updated look at the current market shows price is bearish, making LHs and LLs. It is now at a what I believe is a valid demand zone. I am looking for bullish PA that may indicate a market shift here, where the market may be turning from bearish to bullish momentum.
EUR/CAD Bearish Price Action Give Us Short Setup To Get 200 PipsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURCAD LONGThe pair approached a major support zone @ 1.37300 and got in bullish mode currently testing resistance @ 1.3800 and i expect that EURGBP to continue growing to resistance 1.3838.
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I am going long on EURCAD
My open position
ENTRY : @ 1.37790
TP : @ 1.38380
SL : @ 1.38450
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Please use small lots if you gonna trade on this idea.
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Please like, comment and share if you like my idea.
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EURCAD | BREAKOUT AHEADEURCAD has produced a breakout from the falling trendline and is trading above it. Recently price action is consolidating in a box as highlighted on the chart. We are still bullish in this pair with two strategies;
A buy on dip till falling trendline
Or
Breakout above the resistance zone will be safe enough for long positions.
Trade your levels accordingly.
EUR/CAD Finally Closed Below Our Supp , Time To Sell It ? This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURCAD: A road to 1.58CAD has been strong for quite some time now, especially after what happened between Russia (who is one of the top oil producers) and Ukraine! Currently, EURCAD is approaching a strong support level, a level that has been respected since 2015! Bouncing from this support level will mean ranging structure still holds and in the long run 1.58 might be a target!
EUR/CAD - Short Sell on Higher Oil & Interest Rate DifferentialsIn this video I breakdown why EUR/CAD continues to weaken to the downside as Higher Oil prices support the commodity-linked Canadian Dollar.
I also breakdown how interest rate differentials favors investors to sell euros to Buy Canadian Government Bonds paying a significant premium over Bunds.
Europe's economic outlook continues to turn grim as the war in Ukraine is very damaging for Europe's economy that is heavily reliant on Russian Oil and Gas exports.