EURCAD Long A minor pause on the cardsEUR/CAD is approaching a major converged cushion on the 200-day moving average and a horizontal trendline from January at about 1.4235. Oversold conditions point to a minor bounce, but it may not sustain for long given the recent fall below the 89-day moving average and the Ichimoku cloud on the daily chart. Any break below 1.4235 could expose downside risks toward 1.4000. On the top side, the late-May high of 1.4650 would be tough to crack.
The Canadian dollar may have just received the boost to extend gains against some of its peers, thanks to the Bank of Canada’s (BOC) hike on Wednesday.
BOC hiked its overnight rate to a 22-year high of 4.75%, saying “concerns have increased that CPI inflation could get stuck materially above the 2% target.” The central bank, however, dropped the April language saying it “remains prepared to raise the policy rate further”, making it more data dependent. Markets are pricing in another rate hike in July, with the terminal rate seen at 5.15% by the end of the year.
Eurcadlong
EURCAD - Bearish continuation ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: After the change of character here I see price to continue bearish price action as we can see that the imbalance was almost filled and the price rejected from institutional big figure 1.49000.
Fundamental analysis: Next week we have news on EUR and CAD. On Thursday will be released Interest Rate on EUR, followed by ECB Press Conference and on Friday monthly GDP on CAD, that was forecasted to increase, this means strength in currency, which can support our analysis.
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EURCAD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to make the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.44000.
Fundamental analysis: Next week on Wednesday will be released Interest Rate on CAD which is forecasted to increase by 0.25%, this means strength in currency.
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EURCAD looking ready for a big move to the upside (10-14 July)On the weekly: a triple bottom (including a false break).
On the daily: Neutral to bullish. The last 3 weeks we have seen a gradual move up and price has been above the 200dma.
On the H4: Looks bullish. A nice strong move up followed by a range formation. The false break below confirms my bullish bias.
If, however, we get a close below 1.4470 that would negate my analysis.
Obviously, I want a lower entry. Will it be at the range bottom or at the support in the 1.4500 area or at the major support at 1.4470 area? I have no idea – I am not in the prediction business, I am trying to read price action and act when I sense that the odds are in my favor.
There is room for large gains herein the long term, perhaps until the 1.51’s, but for now I am looking to target the 1.4620 and 1.4740 regions.
Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more.
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EUR/CAD long +150 pipHello Traders
it seems that EUR/CAD is in the correction phase.
Short term price action tells us that EUR/CAD is bullish near term.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
eurcad buynormal smc
I did the entry and sl that large cause we have two OB and market could decide to respect any one-off them.
either ways we are taking the buy
PS: we should always try to look out for our same smc structure on the lower tf so we won't be catching a falling knife cause it's just going to bleed you out.
EURCADHello everyone,
My ideas are base on my understanding only on charts with volume.
If you like my ideas and analysis you can comment it.
To all my followers i dont recommend trade in every post I made here.
Just pick 1 of your choice.
Focus only on 1 pair. you cant make more moneeee if you trade all of this ideas.
I know all of you here in tradingview know the basic strategy and fundamentals of charting and volume.
lets escape the box. pick one then grind that pair you like.
Reminder NO FOMO, NO GREEDY.
if youre goal on trading is longterm then trade longterm, Scalping is too squishy specially if you have other things to do.
Longterm traders or weekly traders are doing great. as I observed and base on my own trading experience.
Yes before I usually do the daily and intraday trades, and most of it are loss.
Now I learn my mistakes .
Longterm or the weekly trades might be a High stoploss or high risk stops because of the timeframe.
but I can assure the benefits of it, its totally not the same on scalping or intraday trades.
I hope you all have a great weekend ahead.
Crypto is still open..
Ciao..
EURCAD LONGPrice just took support from this year's AVWAP and pushed back up.
PD buyers pushed price up.
Sentiment line in perfect buy zone.
entry if and when price clears current POC zone and opens above it with good MACD.
1:1
note - not tagged in the position yet.
will add note once in the position.
EURCAD Buy TF H4. TP = 1.4701On the 4-hour chart, the trend started on May 18 (linear regression channel).
There is a high probability of profit. A possible take profit level is 1.4701
But do not forget about the SL = 1.4511
Using a trailing stop is also a good idea!
Good luck!
Regards, WeBelieveInTrading
EURCAD - Long active ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: As I said in my previous analysis we are bullish and I look for long from discount zone if price rejects from bullish order block. I opened a long position and my target is the imbalances higher.
Fundamental analysis: Next week we have news on CAD, on Tuesday will be released CPI, pay attention to the result in order to validate the anaylsis.
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