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 moveShortby Mansa_Musa_Capital1
EUR/CAD SHORT FROM RESISTANCE Hello, Friends! EUR/CAD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.465 area. โ LIKE AND COMMENT MY IDEASโ Shortby EliteTradingSignals112
Bearish drop off 38.2% Fibonacci resistance?EUR/CAD is rising towards the pivot which has been identified as a pullback resistance and could drop to the overlap support. Pivot: 1.50485 1st Support: 1.49224 1st Resistance: 1.51355 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. Shortby ICmarkets4
THIS FORECAST EURCAD FOR OVERNIGHT RATE LATERThis EURCAD FORECAST Opportunity for EURCAD. This setup is my trading idea/plan, if you want to follow: trade at your own risk (TAYOR). Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.Longby TREND-TITAN2
EURCAD"Hello, Fam! Here we are again, and today weโre taking a long position on this pair because the price has dropped below the 200 EMA on the 15-minute timeframe. We expect the price to move up to the 1.50909 level, where thereโs an existing imbalance that may be filled, and it could also hit our R2 Fibonacci pivot." Happy Trading! Peace outLongby NoobFenUpdated 336
Pullback resistance ahead?EUR/CAD is rising towards the pivot which acts as a pullback resistance and could reverse to the overlap support. Pivot: 1.50485 1st Support: 1.49229 1st Resistance: 1.51335 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.Shortby ICmarkets114
IDEA EURCAD SHORT POSITION Hi Traders Pair: EURCAD ๐ Position: SHORT (SELL ) โ Entry: 1.50300 ๐บ SL: 1.50600 ๐ฏ Take Profits: โข TP 1: 1.50000 โข TP 2: 1.49700 โข TP 3: 1.49400 (Trailing SL) Shortby hamidTrader211
EURCAD LongWith price rejecting twice. I will be looking for entries to buy on the 1hr Comment your thought.Longby Dervin20
Eurcad for shortPrice got to a weekly resistance level and gave a bearish candlestick pattern.by makindetoyosi21
EURCAD: Sell Setup After Impulsive Move to ResistanceFOREXCOM:EURCAD is approaching a significant resistance zone, marked by historical price rejections. This level aligns with a key area of interest where sellers have previously regained control, causing substantial bearish moves. The current market structure suggests that a potential rejection could occur if price action confirms it. If we observe bearish signals, such as a bearish engulfing candle or clear wicks rejecting the zone, the market may reverse and head lower. I anticipate that if sellers take control, the price could move downward toward the 1.50000 level, which represents a logical target within the current market structure. This setup reflects the potential for a retracement after an impulsive move, supported by the confluence of previous price behavior and the current structure. Shortby DanieIMUpdated 227
IDAE EURCAD SHORT POSITION Hi Traders Pair: EURPCAD ๐ Position: SHORT (SELL ) โ Entry: 1.50300 ๐บ SL: 1.50600 ๐ฏ Take Profits: โข TP 1: 1.50000 โข TP 2: 1.49700 โข TP 3: 1.49400 (Trailing SL) Shortby hamidTrader213
EURCAD: Bulls Will Push Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURCAD pair which is likely to be pushed up by the bulls so we will buy! โค๏ธ Please, support our work with like & comment! โค๏ธ Longby UnitedSignals112
EURCAD: Potential for Further Growth๐EURCAD has surpassed a significant daily and intraday resistance level, with the previously highlighted blue zone now serving as support. The upward momentum is likely to persist in the near term, with the next key targets at 1.5092 and 1.5140.Longby NovaFX23225
EURCAD: More Growth Ahead๐EURCAD has broken through a key daily/intraday resistance level and the previously marked blue area is now acting as a support. There is a strong possibility that the upward trend will continue in the near future. The next targets to watch for are 1.5092 and 1.5140.Longby linofx13312
EURCAD: Bullish Rally is Going to Continue ๐ช๐บ๐จ๐ฆ EURCAD remains in a strong bullish trend for more than 2 weeks. The violation of a key daily resistance is one more important bullish signal. At the moment we see a local correction. With a high probability, it will complete soon and a rise will resume. Next resistance - 1.5155 โค๏ธPlease, support my work with like, thank you!โค๏ธ Longby VasilyTrader3311
EUR-CAD Strong Breakout! Buy! Hello,Traders! EUR-CAD is trading in an Uptrend and the pair has Made a bullish breakout of The key horizontal level Of 1.5041 and the breakout Is confirmed so we are Bullish biased and we Will be expecting a further Bullish move up Buy! Comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals114
EUR/CAD LONG VIEWKey Observations: Chart Type: This appears to be a 5-minute chart for EUR/CAD. Moving Averages (MA): 21-period MA (orange line): Tracks shorter-term price trends. 200-period MA (green line): Represents a longer-term trend. Current price is above both moving averages, indicating an upward trend. Price Levels: Current Price: 1.50984. Key Resistance Levels: 1.51976 1.51489 Key Support Levels: 1.50829 1.50392 1.50344 1.49945 Indicators Used: LuxAlgo Master Pattern Indicator: Likely highlights potential reversal or continuation patterns. RSI Divergence Indicator: RSI is at 71.27, suggesting the market is in the overbought territory. Bearish divergences are marked ("Bear" labels), signaling potential weakening in bullish momentum. A "Bull" signal in the past shows prior bullish momentum. Volume: Moderate volume activity with spikes aligning with price movements. Trade Setup: Long Trade (Green Zone): Likely initiated with an entry near support levels, targeting resistance at 1.51976. Stop Loss (Red Zone): Below 1.50392. The trade seems active and nearing its target. Analysis: Trend: The overall trend is bullish, supported by higher highs and higher lows. Potential Reversal: RSI bearish divergence and overbought levels suggest caution. A pullback to support levels like 1.50829 or 1.50392 is possible. Confirmation: If the price sustains above 1.51489, the bullish trend could continue toward 1.51976. Recommendation: If already long, monitor for a breakout above 1.51489 to add positions or tighten stop losses. If considering a short, look for confirmation of bearish divergence with a break below 1.50829.Longby dove81411
EURCAD SHARK PATTERNHarmonic Pattern Trading Strategy: 1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy. 2. Implement proper risk management. 3. Limit exposure to 3% of capital per trade. 4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity. 5. Conduct thorough diligence and analysis before trading. Disciplined approach = Enhanced edge.Shortby KachiHarmonics0
EURCAD Short From Resistance! HI,Traders ! EUR-CAD keeps growing And the pair is locally Oversold so after it hits A horizontal resistance Of 1.51446 from where We will be expecting a Local bearish correction ! Comment and subscribe to help us grow ! Shortby kacim_elloitt225
EURCAD range bound tradeHere is another possible range bound trade based solely on the fact that price has constantly struggled to overcome that weekly strong resistance area between 1.51 and 1.519. If you are patient with the trade and it continues the range bound price action, the RR ratio is spot on (3 to 1). In these cases, for me, it is always worth taking the trade, starting with a conservative position and building into it if price action gives you that opportunity. Shortby Taguspt0
SellWe ade approaching a strong resistant zone that tested 3rice and we have bearish ob at same place i confidence with trendline let pend at the place and apply risk managementShortby hashimsani01332
EURCAD LONGS CONTINUATIONLooking for continuation to the upside. 38.2 + 1.4950 as confluenceLongby fxlevelz1
EUR/CAD "Euro vs Canadian" Forex Market Heist Plan on Bullish๐Hi! Hola! Ola! Bonjour! Hallo!๐ Dear Money Makers & Robbers, ๐ค ๐ฐ Based on ๐ฅThief Trading style technical and fundamental analysis๐ฅ, here is our master plan to heist the EUR/CAD "Euro vs Canadian" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. ๐ Be wealthy and safe trade.๐ช๐๐ Entry ๐ : You can enter a Bull trade after the MA Breakout, however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss ๐: Using the 2h period, the recent / nearest low or high level. Goal ๐ฏ: 1.50500 (or) Escape before the target Scalpers, take note : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money ๐ฐ. Warningโ ๏ธ : Our heist strategy is incompatible with Fundamental Analysis news ๐ฐ ๐๏ธ. We'll wreck our plan by smashing the Stop Loss ๐ซ๐. Avoid entering the market right after the news release. Fundamental Outlook ๐ฐ๐๏ธ Here are the Bullish Factors that could lead to a bullish trend for the EUR/CAD pair: Eurozone Economy: Increase in industrial production Surge in consumer spending Improvement in business confidence Increase in exports Canadian Economy: Decline in crude oil prices Slowdown in the labor market Decrease in housing market activity Increase in trade deficits Interest Rate Divergence: European Central Bank (ECB) raises interest rates Bank of Canada (BOC) keeps interest rates steady Narrowing of the interest rate differential between the two currencies Commodity Prices: Decline in crude oil prices Decline in other commodity prices that are important to Canada's economy Currency Flows: Increase in demand for the EUR Decrease in demand for the CAD Flows of capital into the Eurozone Technical Indicators: MACD line crosses above the signal line William %R falls below the -50 level and then rises back above it 50-period Moving Average (MA) crosses above the 200-period MA Price closes above the 50-period MA MACD histogram turns positive William %R gives a buy signal when it rises above the -20 level Sentiment Analysis: Bullish sentiment among traders and investors Increase in long positions in the EUR/CAD pair Decrease in short positions in the EUR/CAD pair Event-Driven Factors: Positive news about the Eurozone economy, such as a new trade agreement Negative news about the Canadian economy, such as a natural disaster Changes in government policies or regulations that affect the economies of the Eurozone or Canada Monetary Policy: ECB adopts a more hawkish tone BOC adopts a more dovish tone Increase in the ECB's bond-buying program Geopolitical Factors: Improvement in Eurozone geopolitical tensions Increase in Canadian geopolitical tensions Changes in global trade policies that affect the Eurozone or Canada These are just a few examples of the types of factors that could lead to a bullish trend for the EUR/CAD pair. As always, it's essential to monitor the market and adjust your trading strategy accordingly. Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. Take advantage of the target and get away ๐ฏ Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. ๐Supporting our robbery plan will enable us to effortlessly make and steal money ๐ฐ๐ต Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.๐๐ช๐คโค๏ธ๐๐ I'll see you soon with another heist plan, so stay tuned ๐ซLongby Thief_TraderUpdated 2