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Canadian Dollar/Euro

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CADEUR trade ideas

EURCAD - 4hrs ( Sell Trade Target Range 200 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 ——————————— Bearish Break 1.5000 Area Reasons - Major Turn level - Visible range HVN - Counter Trend Line - Quarter High Area - Fixed Range Value - Fibo Golden Zone Bullish Reversal 1.47500 Area Reasons - Major Turn level - Visible Range LVN - Pattern Target - Choch Zone - Quarter's Area
Short
by GoldenEngine
2
Bullish rise?EUR/CAD is falling towards the pivot which has been identified as a pullback support and could rise to the 1st resistance level which is also a pullback resistance. Pivot: 1.50322 1st Support: 1.48979 1st Resistance: 1.52196 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
EURCAD setting up nicely for buysI absolutely love this trade setting up. here if you trade support and resistance , price action or Fibonacci, this trade sticks out like a sore thumb. beautiful set up even though I'm not a big fan of CAD pairs but i can't ignore what I'm seeing here. On the daily we see the resistance area marked in purple , this area has been tested multiple times and is a valid area of Support and Resistance, in this case it smashed through the resistance and retested that area as support, moreover there is an ICI setup bouncing clearly from the golden zone which is also the area of interest where we see price action indicting bullish momentum. i see price reaching the 38.2 Fibonacci, if we get a 4hr candle close above this line that will validate this set up and then I will be placing my Buy Limit @ 1.50835 Going for a 1:4 RR SL @ 1.50250 TP @ 1.53180 Move SL to break even after a 4hr close above 1.51500 Will be taking 80% off my position in profit at 1.52500 Will be risking 1.5%- 2% on this trade
Long
by halabirobin
EURCAD - Potential long !!Hello traders! ‼️ This is my perspective on EURCAD. Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. My point of interest is if price fills the imbalance lower and then rejects from bullish order block. Fundamental news: On Friday (GMT+3) we will see results of Unemployment Rate on CAD, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
EURCAD - Return to Previous LevelsWe had a bit of a mad Monday morning Everything went Spikey up or Down opposite of perceived direction. So they will and are all retracing and heading back to where they once began. Current Economic Indicators Eurozone: Facing sluggish growth and lower-than-expected economic data. Canada: Stronger GDP growth and positive economic indicators, coupled with higher commodity prices. Technical Analysis Support and Resistance Levels: EURCAD has broken below key support levels and is showing a bearish trend on the technical charts. Moving Averages: The pair is trading below major moving averages, indicating a potential continuation of the downward trend. Recommendation and Probability Given the current economic conditions, interest rate differentials, and technical indicators, there is a high probability (approximately 70-80%) that the EURCAD pair will continue to head lower in the near term. Conclusion The EURCAD is expected to decline due to a combination of economic divergence between the Eurozone and Canada, interest rate differentials, stronger commodity prices benefiting Canada, and bearish technical indicators.
Short
by NZ_Shareman
SHORT EUR/CAD from 1.5170EUR/CAD has pushed higher having bounced off the 61.8 Fibonacci high of 1/3/2018 and low of 21/8/2012. H4 time frame. The last H4 candle was a doji indecision and the current H4 candle is a bearish pinbar though this has yet to close. RSI on H4 is now reading 70 declining from 81. The red SELL line of the Andean Oscillator is now reading .0007 and was 0.0000 whilst the green BUY line is beginning to decline. The MACD Fast MA is beginning to flatten off and I expect this to head south. H1 time frame. H1 sees The Andean SELL line rising strongly and RSI declining and about to cross the blue signal line. MACD sees the Fast MA crossed south over the slow MA. RSI is readin 56.3 - was over 85. All the signs are that this pair is headed lower. I have a SHORT trade from 1.5170 with a STOP above the high. Target is open but 1.4673 is a potential long term target.
Short
by forextraplaces