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EURCAD Daily: last breath for the EUR???EURCAD Daily: The uptrend seems to be in place due the HH and HL since last June but we can see some consolidation from August. With the price currently trading above the EMA(21) can suggest a possible upward continuation with the possibility to a re-test of the 1.52278 High from August. If the price continues above the EMA(21) we may see an increase in the bullish momentum taking the price to a new high. The cross around the 50 level on stochastic tells me a possible bullish move to get the overbought level. On the Fundamental side, the EUR is not doing well due the high inflation in the EUR zone. Also all eyes are on the ECB signals with a possible pause in rate hikes. On the Lonnie side the strong oil prices helps the CAD to get strength so any increases on that can change the whole scenario here.
Long
by cyberFX2019
Applied Simple wyckoff Theory on eurcad Wyckoff Method: Distribution Phase: This is the phase where the market is in a sideways range (consolidating) before a potential downward move. The distribution typically occurs near market tops. the distribution phase could be identified around the price levels of 1.51400 to 1.51000. We can observe a potential distribution as the price makes repeated attempts to break the high but fails to do so consistently. Markup Phase: This phase refers to a clear bullish move after accumulation or a consolidation phase. the markup likely started from 1.50200 to 1.50800, where we see a significant bullish rally. This is indicated by strong green candles after a series of pullback. There's a noticeable spike in volume around 1.50400, which supports the idea of a breakout or a reversal. A volume increase at highs (around 1.51000) indicates potential exhaustion, signaling distribution in the Wyckoff method and liquidity targeting in ICT. If you're looking to trade this, it seems you're nearing a key decision point at 1.51000 (potential distribution/liquidity grab). You can wait for a clear break above for longs or failure for short. If breakout above 1.51500 with strong volume: Look for a buy. SL: Below 1.51000. TP: First at 1.52000, and extend based on momentum. If rejection at 1.51500 with high volume: Consider a sell on reversal. SL: Above 1.51800. TP: First at 1.50800, extend to 1.50400 if selling pressure increases.
by hafizmuhammadmursalin786
EURCAD Trading Opportunity! BUY! My dear subscribers, My technical analysis for EURCAD is below: The price is coiling around a solid key level - 1.5011 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.5071 My Stop Loss - 1.4980 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Heading into 61.8% Fibonacci resistance?EUR/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.50935 Why we like it: There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 1.51551 Why we like it: There is a pullback resistance level. Take profit: 1.50226 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
EURCAD BUY EUR CAD seems quite bullish with the structure of the market in an up trending structure from a daily perspective we have a pullback now expecting a continuation to the upside, from a fundamental perspective the EUR is stronger than the CAD as the CAD is showing signs of weakness based on recent CPI data, In addition based on evaluation of currency strength the EUR currency pairs are trending up adding confluence of strength to the trade. We have also crossed the 200 ma on a 4h perspective so as such expecting a continuation of the trend to the upside.
by aplustrading_
EURCAD for a sellfrom my strategy stand point am in on eurcad for a sell, and am seeing it sell for the next 2 hours 1. first from the overall movement we are in a downtrend, so with that bias, i am seeing this newyork secession as a continuation, of the trend to the downward side. 2, I confirmed this buy first, on seeing the clear on liquidity, and also the evening star candle pattern that formed on the 15m, chart. that was my confirmation.\ so lets go, Ricch emire in the building
Short
by jamesantiah
1
#EURCAD 1HEURCAD (Euro / Canadian Dollar) Timeframe: 1-Hour (1H) Pattern: Expanding Pattern An expanding pattern, also known as a broadening formation, has been identified on the 1-hour chart of EURCAD. This pattern is characterized by higher highs and lower lows, indicating increased market volatility and indecision. The expanding pattern shows that both buyers and sellers are pushing the price in opposite directions, but with increasing momentum. Typically, an expanding pattern suggests that a breakout in either direction may occur, but the broader outlook is leaning towards an upward breakout in this case. Forecast: Buy The current forecast indicates a buying opportunity, as the price is expected to rise from the lower end of the expanding pattern towards the upper resistance level. This suggests potential gains as bullish momentum builds. Technical Outlook: Support Level: The lower boundary of the expanding pattern, where buyers are expected to enter the market. Resistance Level: The upper boundary, which could be a potential target for the price to reach. Key Levels to Watch: A breakout above the recent highs would confirm the bullish outlook, signaling further upward momentum. Look for confirmation through bullish candlestick patterns or volume increases near support to validate entry points. Stay alert to economic data and oil-related news that might influence the EURCAD pair, as CAD often reacts to oil price changes, while the Euro is sensitive to broader market sentiment.
Long
by PIPSFIGHTER
EURCAD - 4hrs ( Sell Trade Target Range 150 PIP ) 🟢Pair Name : EUR/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— ✅Short Opportunity (Bearish Break) Key Level: 1.50100 This is the area where you’re looking for a potential short entry, expecting a bearish continuation. Reasons for Entry: ✅ Major Turn Level: This refers to a significant price area where price has historically reversed or paused, indicating it's a critical level. ✅Visible Range: This likely refers to a visible volume profile tool, highlighting price levels that saw high or low trading activity. The focus here might be on low-volume areas (LVNs), which could indicate a lack of interest at this level and easier price movement downwards. ✅Fibonacci Golden Zone: A retracement into the 61.8%-65% zone, which is a commonly watched area for reversals or trend continuations. ✅Choch Zone: This could stand for "Change of Character," a price action term often used to describe a shift from a bullish to a bearish structure, indicating a potential trend reversal. ✅Weekly Low: The price is testing or approaching the low of the weekly timeframe, often a critical level that traders use to confirm the strength of a trend. ✅Major Trend Line 4th Bounce: This suggests that the price is touching a long-standing trend line for the 4th time, which can either act as strong support/resistance or eventually lead to a breakout after several tests. ✅Target (Bullish Reversal) Key Level: 1.48500 This is where you’re watching for a bullish reversal, expecting price to find support and possibly reverse upwards. Reasons for Reversal: This level could be supported by similar technical reasons, such as the proximity to important support zones, Fibonacci retracements, or moving averages.
Short
by GentleGoldenEngine