Eurcadanalysis
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
EURCAD - Approching to bounceMostly rallies from pandemic and reaching to their turning points, retail and big players depends on trend lines and if Oil take turn CAD can stay weak for long.
EURCAD - Time To BUY EURCAD it's my preferred forex trade today. Negative Canadian data today and the chart agree: Time to Buy!
the FXPROFESSOR
EURCAD Bull Start SoonWe expect EURCAD to move forward upside as it's consolidating a major support area last couple of weeks. Also, the Eurozone covid situation is under control, and most of the tourist spots will open soon.
EURCAD Seems to me Bulish Run Ahead!EURCAD daily time frame I can see it will create a W shape pattern and recover its gaining. On the other hand, we can also check the ABC pattern clearly. I'm expecting a strong Bull run.
EURCAD - BEARISH BIAS=====
MARKET OUTLOOK
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EUR - BEARISH
1️⃣ The ECB agreed on Thursday to maintain an elevated pace of bond purchases while upwardly revised projections for the bloc's economic growth and inflation for 2021 and 2022.
2️⃣ ECB governing council member Gabriel Makhlouf said on Wednesday that it's too early to discuss the end of the European Central Bank's Pandemic Emergency Purchase Programme (PEPP).
CAD - BULLISH
1️⃣ Canada’s annual inflation rate quickened to 3.6% in May of 2021 from 3.4% in April and was above market expectations of a 3.5% rise. It was the highest jump in consumer prices since May of 2011.
2️⃣ The oil sector remains positive as demand for oil will increase in the summer.
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TECHNICAL
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- We're looking to short #EURCAD on SBR + pivot point level on H1 chart with stop loss above yesterday high.
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RISK TO THIS TRADE
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- This trade will hit stop loss if oil prices decline.
EURCAD: angry bulls are commingAs you may see in the chart the pair completed a 3 wave down. this may be the end of a bearish run or just part of it. What is obvious in the chart is that we should have a bullish run at least to 1.5043 which is covered with to PRZ target. first the 1.618 extension of the previous upward movement. And the second is 0.382 fib ret of 3 or c. so I am going long with sl: 1.4700 and tp 1.5043 which brings me a 1/4 risk to reward.
PLZ like and comment if you found this idea useful.
EURCAD Bearish Rollercoaster A higher time-framed bearish pennant has formed ,with CAD Interest rate statement underway ,we can expect the continuation to be executed by the bear and taking charge for a considerably long period towards the 1.40000 levels. Not only the fibonacci levels have proclaimed the movement but also strong support has been immuted into a resistance which is holding strong despite the weak employment data for May '21.
EUR/CAD New Short Setup Available, Hope This Time Will Move ! 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: intraday longHi Traders,
This is my view on this pair for the next few days
#EURCAD
BUY 1.4693
SL 1.4676
TP 1.4763
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 For Short Trade.EURCAD is trading in falling wedge pattern. According to chart pattern analysis, it is forming head and shoulder pattern at current level , indicate bearishness on EURCAD. One can short EURCAD with stop loss and proper risk management system.
Thank you
Vivek S.
EURCAD Demand Zone 1.4630 & 1.4590 for long12th May 2021 formed lower low as 1.4590. 13rh May daily bar did not break lower low while broker higher high of previous bar high. pair forming accumulation phase till last month. Split your risk into two positions first from 1.4630 with half risk, second from 1.4720 with remain risk. Trend is bearish so use low risk in counter trend.
EUR/CAD Trying To Make Head&Shoulders Pattern,Short Setup HereThis 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 Intraday Bullish and Swing Sell SetupHi Traders,
EURCAD decline from 1.48216 high unfolded as a five-wave impulse sequence. According to the Elliott Wave principle, a three-wave correction in the opposite direction follows every impulse move and that's what seems to be unfolding currently.
This correction has the potential to retrace 50-78.6% of the impulse, and also retest the corrective parallel channel. However, once the correction is completed the price should resume in the direction of the impulse to complete a 5-3-5 cycle.
What's your view on EURCAD? Let me know in the comment.
