CADEUR trade ideas
EUR/CAD has a strong bullish momentum, could it rise further?EUR/CAD is falling towards the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.48241
Why we like it:
There is a pullback support level which lines up with the 38.2% Fibonacci retracement.
Stop loss: 1.47847
Why we like it:
There is a pullback support level which align with the 61.8% Fibonacci retracement.
Take profit: 1.49069
Why we like it:
There is a pullback resistance level.
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It's Time for Buy EURCADGreetings traders, the EURCAD price is nearing its resistance zone at 1.48535, where a potential rejection could occur. If the price surpasses this level, the next target would be 1.49288. Additionally, there is an unfilled imbalance at 1.48185. Share your thoughts in the comments section.
SMC - BUY EURCADConditions for setting up a Buy:
1. H4 and H1 trends are upward
2. The price retraces to the Fib 0.5 - 0.618 zone
3. According to SMC, the entry point is at the previous liquidity zone and right at the FVG area.
4. Located right on the upward trendline zone
Entry point:
- Place half of the order at a Limit of 1.48006, SL: 1.47760, TP: 1.48722
- The remaining half waits for a divergence signal or a reversal candlestick pattern at the Fib 0.5 - 0.618 zone on the M15 or M5 timeframe to Buy. SL and TP remain the same as the Limit order.
Note: This is personal analysis for reference only. Take responsibility for your own potential losses.
EURCAD------bullishthere is no divergence in H1 and H4 not break HL trend is making series of HH and HL
EURCAD W pattern Completion - Can FallEURCAD is near W pattern completion. This has been a complex W pattern in formation which usually gives a good pull backs.
This is a swing trade idea, so wait for a proper confirmation before going short.
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EURCAD - Look for a long !! Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. My point of interest is if price makes a retracement to fill the imbalance lower and then rejects from bullish order block + trendline.
Fundamental news: Next week on Tuesday (GMT+3) we have news on CAD, we will see results of CPI and on Thursday (GMT+3) we have Interest Rate on EUR, news with high impact on currency.
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Results on eurcad The market gave us a failed grap so it can go and hunt liquidity at the double top
EURCAD - Divergence on MACD will lead to Bullish BreakoutEURCAD has formed bullish divergence on MACD scale and is currently testing resistance marked by falling trendline. Price also seems to be in the midst of forming head and shoulders pattern. We can expect bullish breakout once price climbs above the resistance zone.
EURCAD: Bearish Continuation & Short Signal
EURCAD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell EURCAD
Entry - 1.4833
Stop - 1.4884
Take - 1.4750
Our Risk - 1%
Start protection of your profits from lower levels
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EURCADSENTIMENTAL ;87 % LONG 23% SHORT
FUNDAMENTAL; LONG/SHORT EUR 49/51 CAD 16/84
Canadian dollar coming fundamental news expected negative
seasonal; slight bullish in month of July
technical; after inverse head and shoulder pattern and break of Neck line printing higher high retraced and taking support 1.4690 area
expected trend to continue bullish
trade at your risk
good luck
Bullish bounce?EUR/CAD is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 1.47874
1st Support: 1.47379
1st Resistance: 1.48459
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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.
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EUR/CAD For Bullish after pull-backwait for finish pull-back and then go long
- General Trend is Up
- wait for creating higher low at green arrow or price action between fibo levels 50:61
- RSI say its overbought price mean pull-back will start
have fun :)
EUR_CAD WILL GROW|LONG|
✅EUR_CAD is going up
And the pair broke the key
Horizontal level of 1.4784
Which is now a support
And the breakout is confirmed
So after a potential pullback
We will be expecting growth
LONG🚀
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EURCAD Technical Analysis! SELL!
My dear followers,
This is my opinion on the EURCAD next move:
The asset is approaching an important pivot point 1.4821
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.4783
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
EURCAD A Fall Expected! SELL!
My dear subscribers,
This is my opinion on the EURCAD next move:
The instrument tests an important psychological level 1.4776
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.4729
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
BosWhere ever there is break of structure there is liquidity creation, there for the make will sweep all order blocks and return where the movement started
Euro Inflation Data And Its Impact On EUR FX | Analysis Pre NewsRed tag Euro events are about to occur.
This may move Euro pairs, should the reading be higher (bullish) or lower (bearish).
Euro strength lately has been reflective of current ECB sentiment, so it will be interesting to see the Market reaction.
We can study technical levels, as well as the Fundamental impact(s) of such events.
EUR/CAD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
Previous week’s green candle means that for us the EUR/CAD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.473.
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EURCAD Trading Signal Alert - Direction: BuyDear Traders,
We have identified a promising opportunity in the EURCAD currency pair, and we recommend opening a Buy position based on the following parameters:
Enter Price: 1.47486
Take Profit: 1.47641333
Stop Loss: 1.47300333
Our forecast suggests a favorable upward movement for EURCAD, supported by several key factors:
1. Technical Analysis: The pair is currently showing a strong bullish trend on the short-term charts, with consistent higher highs and higher lows. The current market price is approaching a significant support level, indicating a potential bounce back.
2. Fundamental Analysis: Recent economic data from the Eurozone has been positive, with better-than-expected GDP growth and improving investor sentiment. Meanwhile, the Canadian Dollar may face downward pressure due to recent declines in oil prices, a key export for Canada.
3. Quantitative Factors: According to the EASY Quantum Ai strategy, there are clear buy signals generated by the algorithm, which takes into account recent price movements, volatility, and historical performance patterns.
We believe that these combined factors justify our Buy recommendation at the enter price of 1.47486, with a take profit target of 1.47641333 and a stop loss set at 1.47300333 to manage risk.
Happy Trading!
Disclaimer
Please remember that trading carries risk. Always ensure to do your own research before making any trading decisions.
