EURCAD Moved to expected directionRegarding to my previous post
The pair moved to expected direction and you can re enter in area between 1.49899 and 1.49830 .
EURCAD trade ideas
EurCad Short-term - SellAs a continuation of our previous analysis, we think that the downtrend will continue. After the main channel was broken, the price entered a consolidation period and is facing resistance from the intersection of the 100-period MA and the 61.8% of the last decline on the H4 chart.
EURCAD: Growth Continues 🇪🇺🇨🇦
Today's fundamental news strongly support technical analysis on EURCAD.
The price just broke a neckline of an inverted head and shoulders pattern
after a test of a key support.
Growth will continue at least to 1.499
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Eurcad bearish ideaAccording to my analysis eurocad is in bearish trend. the expected is alsoo indicating bearish continuation and rite now Eurcad is at good resistance level.
EURCAD Sell continuation signalThe EURCAD pair is trading on the 1D MA50 (blue trend-line) within the 10-month Channel Up. The previous time we had a peak rejection like this, the pair declined by at least -3.88%. The similarities even between the 1D RSI fractals are obvious. Our Target is 1.46550.
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EURCAD still bearish expectations
EURCAD in last week we are have strong bearish trend, technicalls are be strong bearish and one of impacts is come from USD weakened.
On 4h TF we can see bearish expanding triangle, bounce from top zone of triangle is start on 26.8 price is fall 200PIPS.
Now for new week, next periods, based technically here still strong bearish expecting.
Based on price action can see 1.49500 strong zone is breaked on 30.8 Friday, which will use for one more good sign for bearish still to see.
TP1: 1.47100 (200)
All best, here for comments, stay tuned!
EURCAD SELL SCENARIOIn today's EURCAD, we have a lot of expectations on selling, as it is seen price is generally bearish according to weekly chart,
PDL IS TAKEN
Price point 1.4960 is where the previous day low was taken, hence we expect to see price retracing higher probably to between price point 1.4971 and 1.4998
ENTRY
Once the price reaches between price point 1.4971 and 1.4998, a high probable and safe entry can be taken.
Buying opportunity 4H EURCADIn higher frame the pair is bullish .
Buy limit at price 1.49322 where the liquidity has been taken.
TP: 1.50543 where high liquidity.
SL: 1.49101 where previous low liquidity
EURCAD SELL - trade explained in detail Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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Overlap resistance ahead?EUR/CAD is rising towards the resistance level which is an overlap resistance and could reverse from this level to our take profit.
Entry: 1.50390
Why we like it:
There is an overlap resistance level.
Stop loss: 1.50851
Why we like it:
There is a pullback resistance level that aligns with the 127.2% Fibonacci extension.
Take profit: 1.49595
Why we like it:
There is a pullback support level.
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Bearish SentimentPrice has retested my resistance zone in the red box . Late entry at 1.49724 now I'll be looking to short down to 1.49000 Stoploss set at 1.49975
EURCAD Will Fall! Short!
Take a look at our analysis for EURCAD.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.497.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.489 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURCAD What Next? SELL!
My dear friends,
Please, find my technical outlook for EURCAD below:
The instrument tests an important psychological level 1.5035
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 - 1.4976
Recommended Stop Loss - 1.5068
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
EURCAD: Intraday Bearish Sentiment 🇪🇺🇨🇦
EURCAD has a nice potential to continue falling
after a test of a recently broken daily/intraday horizontal support.
As a confirmation, the price formed a double top on that and broke its neckline
I expect a bearish movement to 1.4974 / 1.4958
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09-09-2024 _ Short Term Bullish Idea _ EURCAD H4Impulsive move to the upside
Followed by 3 wave correction ( Regular Flat )
Bullish Flag Pattern
Look for BUY SETUPS from the Entry Zone.
EUR/CAD Daily AnalysisPrice has rejected daily support, first seen when the daily candle rejected 1.4900 on 1st August this year. When price retested the zone at the end of August, we saw strong bullish momentum with Fridays candle closing as a bullish engulfing candle. This was predominantly due to negative employment data from Canada. There is potential for price to head back to 1.5150 if the momentum continues.
EURCAD POSSIBLE SELL?The market is currently testing a major resistance zone
based on weekly and daily TF. I do see a possible reversal chart pattern on the 4HR. The market is currently testing the 0.5 Fib level on daily TF, plus there is another confluence of break and retest of structure. Should the current level hold, we could possibly see some bearish momentum. Lets see how this will play out
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
EUR-CAD Bullish Breakout! Buy!
Hello,Traders!
EUR-CAD is going up now
Just as I predicted and
We are seeing a bullish
Breakout of the key horizontal
Level of 1.4978 which is
A support now from where
I will be expecting a
Bullish rebound and
A further move up
Buy!
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Check out other forecasts below too!
Big selling eurcadBig sell coming eurcad
Monthly trade setup
Support trend broken and retested a good
Big supply area ,just remember what i a. Saying from last month
Our last month idea already in good profit almost 250 pips running
EURCAD Buy IdeaOANDA:EURCAD has seen bullish momentum after BOC rate cut decision. Currently It's retesting its ascending 1H trendline from where we can look for long setups
EUR_CAD LOCAL SHORT|
✅EUR_CAD went up to retest a horizontal resistance level of 1.4988
Which makes me locally bearish biased
And I think that a move down
From the level is to be expected
Towards the target below at 1.4945
SHORT🔥
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EUR/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
EUR/CAD is making a bullish rebound on the 3H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.488 level.
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