Trend continuation?Watching near term range for a break and close above 1.5820 to then open the doors towards 1.5880 - 1.5950
CADEUR trade ideas
EURCAD Bullish Breakout!
HI,Traders !
EURCAD was trading in a
Narrowing wedge pattern
But now we are seeing a
Bullish breakout so we
Will be expecting a
Further bullish move up !
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EURCAD Swing SellI need swing traders from all the corners of the earth to assemble here. A huge opportunity is presented here by EURCAD. The trade is not active yet but keep this one on your watch list.
EURCAD BUY ENTRYeurcad buy strong signal OANDA:EURCAD
reason is 1day uptrend so 4hr retracement key level touch and retracement
EURCAD next move (expecting bearish move)(17-03-2025)Go through the analysis carefully, and do trade accordingly.
Anup 'BIAS for the mid term (17-03-2025)
Current price- 1.56500
"if Price stays below 1.57200, then next target is 1.55200, 1.54000 and 1.53200 and above that 1.58500"
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk more than 1% of principal to follow any position.
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eurcad sell tradeThe Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move
EUR/CAD For Bullishwait for pull-back near by entry point and then go long
general trend is up trend
have fun :)
BUYGod First
Minimum Risk Maximum Reward
Action Backed Believe
# faith, strategy, and execution all in one #
Could the price bounce from here?EUR/CAD is falling towards the support level which is an overlap support that is slightly above the 38.2% Fibonacci retracement and also slightly below the 61.8% Fibonacci projection and could bounce from this level to our take profit.
Entry: 1.5548
Why we like it:
There is an overlap support level that is slightly above the 38.2% Fibonacci retracement.
Stop loss: 1.5415
Why we like it:
There is a pullback support level that lines up with the 50% Fibonacci retracement.
Take profit: 1.5697
Why we like it:
There is a pullback resistance level.
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EURCAD Will Go Lower! Short!
Take a look at our analysis for EURCAD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.562.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.534 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EURCADMy option about eurcad Is more bearish so that zone is good and strong restanice if the price comes to that zone it can pullback
EUR/CAD Sell ForecastEUR/CAD has been bullish for a couple of weeks now, and price is currently trading at weekly resistance which is likely to become a level of supply. There seems to be a bullish decline from the 4h timeframe but considering the strength of the bullish trend, we will need sufficient confluence to go short.
1. Wait for 4h break of support
2. Wait for liquidity grab into supply
EURCAD 1DThe price has stopped at a resistance area, and the daily and weekly candles have closed below it.
A divergence in RSI is evident on the 4-hour timeframe.
Look for a sell trade in the upcoming week.
Looking for price to fill the FVG and short EUR/CADPrice has had a nice BOS after the liquidity to the downside. We're looking for the retrace back to the FVG to take shorts to the previous lower liquidity levels. If you're into patterns this would be a clean "head & shoulders"!
EURCAD SHORT BIAS My bias on EURCAD is short because the market structure is forming a Higher Low, and my Fib Retracement to my 61.8 level is indicating the same bias as well
EURCAD BUY/LONGBy utilizing Fibonacci retracement levels, historical patterns, , we can formulate a hypothesis that the market might follow a similar trajectory if bullish sentiment prevails.
EURCAD Long Idea 13-03-25Looking at the technical it is a 'Buy'. This combined with the indicators Fib Retracement and Bollinger there is a good support at the -0.13 line.
Entry- 1.56242
Tp1- 1.56442
Tp2- 1.57225
SL- 1.55834
EURCAD FORECASTToday guys! We are here again with another potential which is really developing nicely EURCAD looks better from the higher timeframe, what we only wait is structure formation from the lower timeframe as the continuation of the trend. Because the higher timeframe has already painted the picture of what price can do next
So guys I wish a good trading day and God Bless!
EURCAD Wave Analysis – 12 March 2025
- EURCAD reversed from the resistance area
- Likely to fall to support level 14.20
EURCAD currency pair recently reversed from the resistance area between the long-term resistance level 1.5800 (which has been reversing the price since the start of 2020) and the upper daily Bollinger Band.
The downward reversal from this resistance area stopped the previous upward impulse wave (3).
Given the strength of the resistance level 1.5800, EURCAD currency pair can be expected to fall to the next support level 14.20.
EURCAD - Weekly Forecast - Technical Analysis & Trading IdeasOANDA:EURCAD
💡 Daily Timeframe:
As forecasted by 4CastMachine AI, The Euro also reached our TP7 at 1.5777 by breaking the resistance at 1.5156.
The broken resistance area will serve as our new support area and Buy Zone.
As long as this area is not broken down, there is a possibility of a resumption of the uptrend.
If the price enters our new buy zone with a corrective wave and is rejected from it, we will enter with buy trades.
💡 H4 Timeframe:
The bearish wave is expected to continue as long as the price is below the strong resistance at 1.5857
💡 H1 Timeframe:
The uptrend is broken, and price is in an impulse wave.
1.5729 support is broken now. It will act as a Resistance now!
Forecast:
Correction wave toward the Sell Zone
Another Downward Impulse wave toward Lower TPs
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EURCAD is in the Up-TrendHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
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This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EUR/CAD CREATES 240 WEEKS HIGH AFTER MARCH RATE CUTSeveral factors have influenced EUR/CAD in recent times. Despite last week’s rate cut, the pair continued to rally, driven by market sentiment and optimism about a potential shift in monetary policy. From Eurozone inflation, currently at 2.4%, which slightly eased from January’s 2.5%, which contributed to the ECB’s decision to cut rates in March 6th by 25bps, to escalating trade tensions between the U.S. and Canada, with the U.S. announcing plans to double tariffs on Canadian steel and aluminum to 50% in response to Ontario’s electricity surcharge each development has played a role in shaping price action.
Since June, the ECB has lowered rate for six times but offered no clear guidance on future policy during it last policy meeting, thereby leaving markets uncertain amid a period of heightened volatility, further exacerbated by the Trump administration’s challenge to established international cooperation.
Earlier today, the ECB president Christian Lagarde said "Our expectations have indeed been swept aside in the last few years, and in the last few weeks in particular, "She also said. "We have seen political decisions that would have been unthinkable only a few months ago." Therefore, "We can be clear about our reaction function, and notably how we are likely to be affected by changing circumstances and what kind of data we will look at,"
UPCOMING CATALYST
The Bank of Canada’s rate cut decision is set to be released today, March 12, at 5:45 PM GMT+4 (Dubai time), with the market already pricing in a 25bps cut.
Looking ahead, Canada’s inflation data is scheduled for release next Tuesday, March 18, followed by retail sales data on Friday the 14th. These key economic indicators have the potential to drive significant market volatility, making it crucial for traders and investors to stay alert for potential price movements.
TECHNICAL VIEW
The EUR/CAD maintained its bullish momentum, reaching a 240-week high of 1.5857 on March 11, 2025. However, the pair rebounded after encountering strong resistance at the psychological 1.5900 level. This pause suggests investors are taking profits while awaiting the Bank of Canada (BoC) rate decision later today and assessing the market impact of the newly imposed 50% U.S. tariffs on Canadian imports.
As the price retreats, the 1.5581 level emerges as a minor support to watch, aligning with the 23.6% Fibonacci retracement level. On the overall, the pair remains bullish, extending its gains from the previous week. If buying momentum persists, the price may attempt another push toward the 1.5900 resistance and a break above could potentially target 1.6000 in the coming weeks. However, if sellers gain control following the BoC rate decision, the decline could extend towards key Fibonacci levels: 1.5581 (23.6%), 1.5410 (38.2%), 1.5271 (50.0%), and 1.5133 (61.8%), with the latter being a particularly strong support zone which was broken on the 3rd of March.
The RSI momentum has also remained above the 70 overbought level since late February, signaling a possible market correction as per technical analyst.
