FOREX WEEKLY ANALYSIS : EURCAD eurcad is looking for reversal very soon
wait for breaking trend line and go up with it
OANDA:EURCAD
Eurcadlong
EURCAD Long ideaLong idea
3 reasons for Long:
* Oversold on daily
* Divergence on 12H
* Last candlestick on 12H
EURCADBullish Indicators:
1) Double bottom
2) Support at 1.43192
Bearish Indicators:
1) LH LL
2) Downward Trend
3) Resistance zone at 1.44406 and the upward trendline.
Plan A: After making double bottom one can take a long position from here or on the breaking of upward trendline for the target of 1.46223
Plan B: On the failure of breaking of upward trendline and resistance zone at 1.44406 one can take short position for the target of 1.43192.
EURCAD Broke the Monthly flagHi there,
EURCAD broke the bearish flag on Monthly timeframe, big bearish signal.
As you see oil also changed the trend, and its now in a uptrend after it broke the previous top, but soon oil will make a correction, so eurcad will make a correction as well.
Wait for the price to retest the broken bearish flag, then short it from there to the targets mentioned in the chart.
Good luck
EURCADEURCAD LONG TRADE TREND
As its in downward trend since last few months,
So per anaysis, upward trend should initiate and can go for BUY.
EURCAD LONG IDEAHey guys, this pair is currently trading on the daily support. There's a double bottom on the daily time frame. On H1, we see an inverted head and shoulder pattern which is a reversal pattern. I'm long on this pair. My bias will be invalidated incase that daily support zone is broken.
Happy trading
EUR/CAD Looking For Longing Opportunity EURCADEURCAD reached a weekly and monthly major support level and retested the trendline after a strong impulse to the downside without any correction. We can expect growth from here before continuing the move to the downside or break of the bearish movement.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Trading Signal For EURCAD Trading Signal:
A Trading Signal is seen in the EURCAD Currency Pair.
Traders can open their Buy Trades NOW
Rank : ⭐️
⬆️Buy now or Buy on 1.4344
⭕️SL: Close below 1.4314
🔵 TP1 @ 1.4439
🔵TP2 @ 1.4505
🔵TP3 @ 1.4632
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EURCAD - TIME FOR A BULLISH RUN?We've seen EURCAD decline for a couple of weeks now, plummeting over 500 pips from 1.5 (LQP). At recent, the market is approaching a demand zone around 1.44. The pair is still within Bearish market conditions i.e from the 4H time-frame the market structure is bearish. A shift in MS from Bearish to bullish around the target zone will trigger a bullish run. We should see the market retrace to either the 50.0% or 61.8% (Golden ratio) Fibonacci retracement level on the impulse run.
Swing Trade with an insane risk:reward ratio.
TP1 @1.4500 and TP2 @ 1.750
SL max 50pips below entry level.
Happy Trading Week!!
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EURCAD LONG POSITIONS STRONG SUPPORTHi All
EurCad at Fibo E level+Trend Line+ Bollinger Band, Also I count the longs vs shorts and its look good for long now and more 5 other tools
Potential reversal for EURAUDEURCAD is now trading on daily support and the price is trading in the falling channel/wedge. What is more interesting is the divergence shown by an Awesome Oscillator. This indicates exhaustion of bearish momentum and more buying pressure coming in. Thus, I expect a reversal from this area.
What is your opinion on EURCAD?
Nice Trading!!!!
EURCAD - Possible strong moveHi all,
Last two weeks EURCAD was bearish.
RSI is 30 ( in day interval)
Probably on October EURCAD will be bullish.
Possible target : 1.49 - 1.51
Good Luck !
Each analysis is in the form of help, it is not investment advice, everyone has to think about their idea.
H4 EUR/CAD LONGBASED on H4-Daily chart EURCAD is reaching strong support at 1.45 price range. Possible correction long to 1.47 price range.
Trade wisely
Trading is not about quantity, it is about quality of trades.
ITS TIME TO GO UP....
market is in bears move at daily price break resistance level now price will test this resistance level as this is our first tp and also it may false break of resistance level so price will go up tp our long term tp enjoy..
if you have question or suggestion about this pair let me know in comments.\
cheers..
EURCADBullish indicators:
1) Trading near major support area of 1.46100
2) Bullish Harami candle
3) Falling wedge
Bearish Indicators:
1) LL LH
2) Currently trading in downward trend
Plan A: On the bounce from the support area one can buy for the target 1.47733 first and then for the 1.48075.
Plan B: On the breaking of trendline and support one can sell for the target of 1.45826 where the major support lies.
EURCAD: Don't Miss 400 PIPS Opportunity Till the end OctoberEURCAD
Duration 30-45 Days
Terms: Long Term / Swing Trade
Target: 400 PIPS
GOOD LUCK
EURCAD buy trade ideaEURCAD has printed what looks like a bullish flag pattern. The pair also bounce off the support trend line. Will be looking for a minor correction inside the flag before buying
EURCAD - LONG#EURCAD Daily
Here Is The Possibility On EURCAD
We Are Looking More BUY
Good opportunity for Buyers
EURCAD LONG IDEAHey guys,
This pair has been trading in a channel. I expect a bounce from that lower trendline. The current candlesticks forming also indicate a bullish momentum.
