EURCAD BUY OPPORTUNITY The market is trending bullish and recently completed a pullback and it’s set to continue the bullish move . A buy opportunity is envisaged from the current market price. Our target profit is 1.50974
EURCAD Analysis And Next Market MovePair Name = EURCAD
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bearish
Pattern = Rising Wedge
Details :-
EURCAD already rising wedge breakout done and retesting completed. Here we are waiting for small confirmation. After that we will see a good drop in price. We can see drop her
Bullish bounce off overlap support?EUR/CAD is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 1.48501
1st Support: 1.47502
1st Resistance: 1.50045
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your c
Lingrid | EURCAD long from SUPPORT zoneThe price perfectly fulfilled my last idea. It hit the target. FX:EURCAD is showing a sideways trend, with lower highs and higher lows. The price is moving toward the key level of 1.49000 and the edge of a channel. On the 1H chart, the market is forming an ABCD pullback, which often leads to a pri
#EURCAD 2HEURCAD (2H Timeframe) Analysis
Market Structure:
Channel Pattern: The price is moving within a defined channel, respecting both support and resistance levels. Currently, it is near the upper boundary of the channel, signaling potential resistance.
Bearish Engulfing Area: A bearish engulfing candl
Lingrid | EURCAD Divergence At the Strong RESISTANCE zoneThe price perfectly fulfilled my last idea. It hit the target. FX:EURCAD made upward extension, moving above the psychological level at 1.5000. On the daily timeframe, the price has reached a strong resistance zone, which may trigger a price rebound as sellers start to step in. On the 1H timeframe
Could the price drop from here?EUR/CAD is reacting off the resistance level which is an overlap resistance and could potentially drop from this level to our take profit.
Entry: 1.49824
Why we like it:
There is an overlap resistance level.
Stop loss: 1.5166
Why we like it:
There is a pullback resistance level.
Take profit: 1.48
EURCAD 23 Dec. 2024Hello my dear friends
As we can see , EURCAD is trading at a demand zone and also broke the downtrend !
We all hear that buy at bottom and sell at the top !
ANDDD we are buying at the bottom !!!
Bearish drop?EUR/CAD is rising towards the pivot which lines up with the 50% Fibonacci retracement and could drop to the 1st support which acts as an overlap support.
Pivot: 1.49673
1st Support: 1.48477
1st Resistance: 1.50585
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital
EURCAD potential sell setupHere at Burnt Candle we are Bearish for the long haul on EURCAD, we are trying to end the current prevailing bullish corrective trend, waiting for it to push up to our area of interest to look for selling opportunities to the downside.
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Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current rate of CADEUR is 0.66962 EUR — it has decreased by −0.11% in the past 24 hours. See more of CADEUR rate dynamics on the detailed chart.
The value of the CADEUR pair is quoted as 1 CAD per x EUR. For example, if the pair is trading at 1.50, it means it takes 1.5 EUR to buy 1 CAD.
The term volatility describes the risk related to the changes in an asset's value. CADEUR has the volatility rating of 0.14%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The CADEUR showed a 0.46% rise over the past week, the month change is a −1.90% fall, and over the last year it has decreased by −2.43%. Track live rate changes on the CADEUR chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
CADEUR is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade CADEUR right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with CADEUR technical analysis. The technical rating for the pair is sell today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the CADEUR shows the sell signal, and 1 month rating is sell. See more of CADEUR technicals for a more comprehensive analysis.