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Eurcadsell

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.
Long
by DaveBrascoFX
1
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. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
4
EURCAD - SHORTThere is a major break looming in this pair! Not that the Loonie by itself would be the end-all but as part of NAFTA it ought to vaporize the Euro rather effortlessly - just at it's been doing to the Aussie already, for quite a while now. (Now, if they just got rid of their neo-Marxist government and US-esq, deranged, monetary mismanagement ... ;-) On the long run, the CAD is in the position to be a valid alternative to the USD for Dollar bulls. (... of whom I am one.)
Short
by Nemo_Confidat
2
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. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
6
EUR/CAD - Short; Heavy resistance confluence!This pair is running into major resistance here, in an area of heavy confluence. This is the end of a corrective rally, in which all Euro pairs participated, off of their recent, major lows. (Mostly due to a, yet again, market wide delusion that the EU will have to tighten ("at least!") 375 basis points... When in reality, as the latest data illustrates, the EU couldn't even climb out of its decade long deflationary spiral despite a massive, war/sanctions - and categorically, self - induced inflationary spike.) Also, the EUR/GBP showing every sign of a top here, consequently, this pair makes an even stronger case for this Short than it's cousin's, the GBP/CAD. This pair is on the verge of a cliff with no technical support under the current levels, i.e., for the next -550 pips. Which makes it the obvious Short Target. Note; This has been stated time and again that these CAD pair shorts, while the case is strong, remain inferior to their USD cousins. The EUR/GBP picture
Short
by Nemo_Confidat
14
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