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Eurcadlong

EURCAD I Correction and Long Continuation FormingWelcome back! Here's an analysis of this pair! COMMENT BELOW and let us know your thoughts or questions! ** 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 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! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
4
Retail Money Printers Get To Work! EURCAD Is In A Range Again!Hello My Friend :) EURCAD is in a range again on the HOURLY TIME FRAME, and although the price movement isn't as "clean" like how I prefer it to be, I would still take it. It might not be an A+ setup, but it can pass off as a B, and if B setups print money too, why sit on it? Depending on how price moves after it triggers the Limit Order, we might look forward to hit it again. This trade would be a B setup reason being, 1 - Price has approached the Resistance level marked in Green Line, and has not swiftly came back down in the previous swing. 2 - The 200 SMA is barely below the Horizontal Range on both the Hourly Time Frame and the 4 Hour Time Frame, and both of the time frame's 200SMA is quite flat. To note, the Red Horizontal Line demarcates the 4 Hour Time Frame's Resistance Level. OANDA:EURCAD
Long
by ProfessionalDuckHunter
EURCAD 30M bullishFor EURCAD we see a strong breakout of the previous resistance and now it has become a support for a long position of this pair. There is also the EMA 33 cross over the EMA 200 at 30 min that we also use as an indicator to support this long position. There is also the support of the 0.382 Fibonacci level which the pair respected and indicates a possible long position. For this trade, there is still a degree of uncertainty based on the weakness of the Euro against the Canadian dollar. From our perspective, the next move will determine the trend of this pair for the coming days. GL
Long
by VizhcoS
EURCADHello Traders Welcome back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. EURCAD view with Order block Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profit day guys
Long
by Bexi03
Wait for the breakout signal and buying opportunity with EURCADH1 time frame. Structure: Uptrend. The price is currently moving in the sideway from 1.44000 to 1.45500 and retesting the Key level of the previous downtrend. Wait for the price to confirm a rise above 1.45500 and appear bullish continuation candlestick patterns, then you can find buying opportunities. The profit target is the 1.47700 price zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Long
by tradafx
EURCAD Channeling Energy For Further Upside MovementOANDA:EURCAD 01122021 2229 + - SGT Just realised I can't post images, yet. Hello World! This is my first time publishing my thoughts on TradingView. Please be kind :) I entered TradingView and was scanning the chart and I saw that price has made Over Sold at the Stochastics. I then drew the Trend Line connecting the two low points, cloned the Trend Line, and placed it on the upper bound of the current price action. Voila! Found the Upwards Channel. The price action is still evolving and I do expect all possible kinds of movement that could occur that would null this Upside Channel, and if that is so, we have to look elsewhere. In the meantime, I am expecting price to hit the upper bound of the channel and fall back around the area where I marked using the RR tool. I am looking for a 2 to 1 RR. The thin Horizontal line above the channel is an area of resistance that I marked out when I was checking for the overall trend on the 4H Time Frame. I will update this post in the days to come. Have Fun. :)
Long
by ProfessionalDuckHunter
1
EUR/CAD BUY NOW 📉Hello and welcome traders to another trade idea with Fobian ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 👉 WE are waiting for conformation: - We have big push on upside. - EMA's give us BUY signal. - Fib level is reach and reject our 50.00% level. 💡 Why should you follow our profile on TradingView? Consistent chart updates Clean charts Short and long-term perspectives Visually teaches you valuable lessons High probability setups Analysis on a wide range of major markets SMASH that follow button! 👍 💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
Long
by TBFinan
3
EURCAD - LONG POSITIONCFTC Speculative Net Positions against the Dollar are giving a long bias for both EUR and CAD, but a bigger one for the EUR (0.547 vs 0.410), and that disadvantage on the CAD is even bigger because of falling Oil prices due to geopolitical factors. Bank valuation on this currency pair sits at 1.4320-1.4350 for the next three months, which means that it is quite undervalued at this moment. 25 Delta Risk Reversals for 1 month expiry options shows that the Euro is starting to bite back at the dollar, reducing the diferential between EUR/USD calls and puts since Asia. And because of what we mentioned before about Oil , the loonie is struggling to show its teeth against the dollar, and it has been like that since the eighth, when Puts started to be on a really high demand and volatility rose, increasing even more the swings on the price. Technicals: Break of the trend, Divergence on the RSI. FX:EURCAD
Long
by patrickofthepatricks