Starting your analysis and mapping out your support + resistances level from a higher timeframe such as the weekly or daily will give you a much better understanding of where price may be heading. Remember, to be able to determine the future more accurately, we must study our past. History repeats itself as they say. *Always remember to let price action develop...
Soon as it reaches the W area again i expect a drop to grab more liquidity so once again it can go up to 1.74
There 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...
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...
As you can on this Pair price is moving in an ascending channel (Reversal pattern) I'm expecting the impulsive break of this channel to the downside and then a continuation pattern for price to rally to 1.42827
EURCAD analysis: Buy zone and tp1, tp2... wait and follow for next TPs. Follow, like, and or request symbol analysis. Observe the money management and the stop loss.
Structure from the price always be a continuation and consolidation. In this case from the EURCAD in time frame, 4h price still in consolidation and waiting for confirmation price will be continuation for falling down or will be bouncing up to the top. in my opinion, this EURCAD will be falling down like what happened before, the chart already makes a flag pattern...
A bearish opportunity recently presented itself on the euro-loonie trading chart. This follows from the bearish harami candlestick pattern which printed just below the 1.33000 psychological level, indicating a rejection of the level. A stop loss above the 1.34000 psychological level and a profit target anywhere between your entry and the swing low of 1.28777 could...
Hi Traders, with broke the strong triple support with negative pattern expect price keep more falling. differs scenario if a price rise above 1.34280 again with close 4h candle if this analysis useful for you don't miss to support me with like and follow ♥️
EURCAD looks bearish on all time frames. TA is clear. Thoughts?
IF YOU WANT TO PERFECT SELL ENTRY.THEN YOU CAN USE SELL STOP @1.42276 AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals If you like this idea, do not forget to support with a like and follow. Traders, if you like this...
We consider selling this EURCAD pair because of a strong resistance above. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
Confluences on the pic. H&S, retest, fib level, nice strong liquid break and slow re-test to the zone. Look out for a potential setup after rejections on the key level
A higher time-framed bearish pennant has formed ,with CAD Interest rate statement underway ,we can expect the continuation to be executed by the bear and taking charge for a considerably long period towards the 1.40000 levels. Not only the fibonacci levels have proclaimed the movement but also strong support has been immuted into a resistance which is holding...
Hello traders, EUR/CAD is trading at 1.4850. The Pair is trading in ascending resistance and support wedges from some time and the price just touched support level. As the price has touched support level it will give a small pull back and then it can come down to break the support level. If the price breaks the support level then its target price will be at...
as we see eurcad just hit the monthly trendline and just like it did before it revearsed down and for right now we also see the head and shoulder pattern forming. what we expect this last week of this mont is the retracement to the 61.8% or the 78.6% level, it can also head downwards. tp levels are the given levels. have a good week.
- Currently we can see a downward channel formation on EURCAD - 1.5450-1.5400 is a support area and 1.5700 is a resistance also the upper edge of the channel. - The price is above 200 EMA on Daily TF. - A sustained move over 1.5400 will indicate the presence of buyers. If this move creates enough upside momentum then i'll look for the rally which can possibly...
SHORT EURCAD ENTRY: 1.54681 STOPLOSS: 1.55757 TP: 1.53903