EURCAD | BUY ON SUPPORTEURCAD after being in a symmetrical triangle, gave a break below on 18th March.. Since then we see a decline in the price sharply.
The current price is approaching to the support zone which gave a good bounce of more than 400 pips when it lasted tested on 7th march.
Trade your levels accordingly.
Eurcadshort
EUR/CAD - Short Sell on Higher Oil & Interest Rate DifferentialsIn this video I breakdown why EUR/CAD continues to weaken to the downside as Higher Oil prices support the commodity-linked Canadian Dollar.
I also breakdown how interest rate differentials favors investors to sell euros to Buy Canadian Government Bonds paying a significant premium over Bunds.
Europe's economic outlook continues to turn grim as the war in Ukraine is very damaging for Europe's economy that is heavily reliant on Russian Oil and Gas exports.
EURCAD (SHORT) 🔥🔥🔥BULLISH PENNANT FORMATION.
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EURCAD POSSIBLE BUY TO SELL 11TH MARCH 2022EURCAD has shown a significance strength in the bears direction meaning that the CAD will gain further in the coming weeks and therefore we look too sell this trade generally but having dropped from an area of supply by the financial institutions we look for a retest back into that zone which has formulated our idea of a buy from the big banks before the sell to the downside. Note we are bearish overall!
EURCAD | BUY ON DIPEURCAD is trading in a bearish parallel channel and has taken a support from the bottom of the channel. Currently its price has reached to first resistance zone, which has now become the support zone. It is testing the support area and we are expecting bulls to take over from here again.
To negate this view, the bears must push the price below the support area and price should be trading below it.
Trade your levels accordingly.
EURCAD Will Go Up!EUR-CAD is trading in a falling channel
And the husband re-tests Channel support level and horizontal support at 1.392
I think it's followed by a bounce from existing areas
By the bullish correction is possible
So we will be waiting for the reversal signs
To be able to enter a long trade BUY
EURCAD | Possible ReversalEURCAD has been trading in bearish parallel channel with parallel support approaching. The indicators are also reached to base support zone. We are expecting bullish reversal from here. The confirmation will be a good bullish candle on the support zone.
Alternatively, breaking below the channel will bring more bears in the party.
Trade your levels accordingly.
Short EURCADThe first 2 consolidation leads to a massive short and we can see that the third consolidation latest weekly candle MIGHT close below the Market Structure Low (MSL) which was formed on 24/01/22 (daily chart). If is does, price will most likely short towards the next MSL which is 1.37839.
EURCAD wait for Flag pattern to complete Hi Traders,
EURCAD has a massive rise within the the last few weeks which price is now consolidating within a Bullish Flag pattern/channel. Wait for a proper entry before going long or you'll get trapped in this correction. Personally I need to see a strong Impulse breakout of this structure followed by a LTF correction to validate a buy opportunity.
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EUR/CAD Finally Give Us Bearish Confirmation , Short Setup ValidThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions