EURCAD TO CONTINUE PUSHING?As we have clearly seen, the Canadian dollar has grown weak for quite some time.
This has caused XXXCAD pairs to grow in price.
We just saw a sharp bust through this level with price immediately returning to it.
We do not know if it is a fakeout, so we'll wait for price to comfortably leave the area and return to it before we take on long trades.
Eurcadanalysis
EURCAD LONG POSITION INCOMING!! Hi Guys, todays outlook is on EURCAD and we here at Safe Trade Academy are looking for long positions on this trade as we have the following confluences:
*daily break of structure and break and retest of consolidation
*h4 we are uptrending so just trading with the trend, also had an impulse followed by a coil and the institutional candle has also not being retested
*fib levels confirm our entrys and targets
*our eurgbp bias supports the long position
EURCAD SHORT-TERM BUYHey, if you like this idea be sure to support with a like and a follow.
Here is my analysis for EURCAD for the upcoming week, wait for price to pullback to retest SUPPORT and take a long up to the next resistance area where we can expect a sell.
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND?
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. CHECK FOR DIVERGENCE.
EURCAD LONG AT THE NEXT HALF YEAR.I think FX:EURCAD has a good long trend for the next 6-9 months.
We have now crossed the strong support line at 1.47320 and are consolidating at this level.
I indicated the points where you can fix the profit:
* TP1 = 1.52600 (November 2021)
* TP2 = 1.55840 (May 2022) << near border of flag
EURCAD Sell Trade Opportunity (My View)EURCAD Is Another Pair Setting Up For A Nice Move... Looking For Sell SetUps With This Pair In The Coming Days Might Just Prove Profitable. Move/Trend Up Is Currently Losing Momentum & I Am Expecting The Market To Respect This Levels. Ideal Trade Indicated on Chart With SL & TP INidcated. However You Can Alternatively Look For Your Sell Set Ups.
EURCAD: intraday LongHi Traders,
This is my view on this pair for the next few days
#EURCAD
BUY 1.4769
SL 1.474
TP 1.4877
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
———————————
Pietro from Trading Kitchen
EURCAD, a change of trend??EURCAD was consolidating between 1.4650 & 1.48. Yesterday this pair broke from the consolidation stage with a big bullish engulfing candle which leaves more room to the upside. This pair clearly broke above daily trendline which gives us another signal that it may rise for a while. However, I will be expecting a bounce near the supply area 1.50 that i've pointed. My bias is bullish until it breaks any uptrend structure in lower timeframe.
EURCAD, 1hr tf, upwards movement potential
Same setup as previous trade. We're waiting for price to complete the wave-4 retracement.
We might see price found support around 1.5800-1.5810 area before continue moving upwards.
Buy EURCAD 1.5810
Stop loss 1.5760
Take profit 1.5960 (3R)
Use only 1-2% risk
Good luck
EURCAD Has Broken Below Support
Welcome back Traders, Investors, and Community!
Hi Traders, EURCAD on H4 has broken below the Support line and has already done the retest, got rejected with a large red candle. It's expected to go lower to 1.4581
⬇️Sell now or Sell at 1.469
⭕️SL @ 1.4756
✅TP1 @ 1.4581
✅TP2 @ 1.4456
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day