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Eurcadsell

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. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
EURCAD - Long from discount zone ✅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 from discount zone. I expect price to continue the retracement and then to reject from bullish order block + institutional big figure 1.48000. Fundamental analysis: Next week we have news on EUR, will be released Interest Rate which is expected to increase, followed by ECB Press Conference. Increased interest rate means strength in currency which could support our analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
EURCAD - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on EURCAD. Technical analysis: We are here in bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to continue the retracement and then to reject from bullish order block + institutional big figure 1.46000, as well 0.786 level of FIBO which is discount zone. Fundamental analysis: On Thursday 30th of March we have news events on USD, will be released final GDP for first quarter of 2023. The forecast for GDP is to remain the same as per last quarter, which means we would not have such big moves in market, however we should look for the results in order to validate our analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
Getting Ready To SELL On Approach To This Level....This pair has just popped a new HIGH on the Monthly charts and took out a previous MONTHLY SUPPLY SELL zone and looks like it has it's sights set on the 1.50 price level which sits nicely inside a MONTHLY SUPPLY/SELL zone which starts around 1.48 which is marked in red on the chart. Inside the Monthly level sits a nice WEEKLY SUPPLY/SELL also which is around the 1,50 mark this where I expect sellers to come back into the market. I will use my TRFX indicator to start to look for a daily sell signal as price moves above the 1.48 mark target for this trade will be the newly formed DEMAND/BUY level which is around 1.43. This is a great swing trade idea will keep you updated when I get the entry trigger happy trading.
Short
by TheFxAce
USDCAD (incl. all major CAD pairs) - Short; (very) Bearish!As a dyed-in-the-wool USD bull,(as of late) I've been fighting the urge to load up on the Loonie. - But I'm weak, so I fold. I also can't overlook the mounting evidence. All the planets are on their way for a (almost) perfect alignment for the Loonie; - It's been way oversold since the second half of 2022 (because of the rate hike pause by the BoC); - It is nearly impossible to make a case for anything other than one of (if not the") shallowest upcoming recession in the Western Hemisphere; - Their NATO role is "limited" - to put it mildly - and if anything that far away money pit (Ukraine) is filled by EUR & USD mostly, the least of all CAD; (If anything, the war may wake up Canada to at least start questioning their NATO membership role, all together - as it is even more pointless than it's ever been. (Who, and How, exactly is going to invade Canada?? ...) - Energy will continue to play a central role in world affairs; - It's a big place with few people, who have lots of stuff - including an idiotic central leadership, like Norway; (In politics, "The Greens" are like a watermelon; Green on the outside but red on the inside.) E.g., Long everything CAD, Short all else - for the foreseeable future.
Short
by Nemo_Confidat