TRADE ON EUR/CAD, TREND ANALYSISHere EUR/CAD is in accumulation phase in 4H TF, trend line has been broken, box breakout is about to happen and green candle has been closed on EMA.
EURCAD trade ideas
30pips tp have been hit Good trade, and price will make new high after pullback, watch out for it and ensure to time your entry correctly
Bearish on $EURCAD1. We have a run on stops
2. We have price beyond 50% on the daily chart
3. We are currently on the daily chart orderblock
4. We are selling off from the mitigation block
EURCADEURCAD
This is my point of view today
Help me if there is a mistake
Or tell me your point of view
EURCAD shortMy favorite 200dma stands on guard as I attempt to short this down to the next support.
This is not a trade recommendation, it is merely my own analysis. If you decide to trade this, you should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
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TradeCityPro | EURCAD Analysis Reaching the Daily Box Target👋 Welcome to the TradeCityPro channel!
Let’s dive into the forex market and analyze this popular pair, outlining key triggers for trading this week.
🌍 Fundamental Overview
EURCAD reflects the economic interplay between the Eurozone and Canada, influenced by:
🇪🇺 Eurozone Fundamentals (EUR):
ECB Policies: The European Central Bank's monetary stance (hawkish or dovish) significantly impacts the Euro’s strength.
🇨🇦 Canadian Dollar Fundamentals (CAD):
Oil Prices: CAD is sensitive to oil fluctuations due to Canada’s major oil exports. Rising oil prices typically strengthen the CAD.
Geopolitical tensions, trade balances, and global risk sentiment often sway EURCAD. The Euro acts as a reserve currency, while the CAD is risk-sensitive.
🕒 4-Hour Time Frame
1.4888 is the critical resistance, marking the top of the daily box (1.4888–1.5171). After breaking this level, the pair hit its target at 1.4556, a significant support level. The rejection at this resistance highlights its importance.
The 1.4731 level, broken yesterday but reclaimed today, offers a potential trigger for entries.
📉 Short Position Trigger
clear short trigger exists below 1.4731. Breaking this support could lead to further downside, targeting 1.4556.
📈 Long Position Trigger
While momentum-driven long entries are possible if the RSI enters overbought, a more reliable entry comes from consolidating within the current range or forming higher highs and lows.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
EURCAD: Weak Market & Bearish Forecast
Balance of buyers and sellers on the EURCAD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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EURCAD: Bearish Momentum and Divergence on 1-HourEURCAD is currently exhibiting bearish momentum and has formed a divergence on the 1-hour chart. This technical setup suggests potential downward movement.
EURCAD Will Fall! Short!
Take a look at our analysis for EURCAD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.474.
The above observations make me that the market will inevitably achieve 1.466 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EURCAD SELL- Strategy 1EURCAD is making LH & LL's
which is an indication of a downtrend.
The SL is above previous LH.
EUR/CADEur is weak because of the PMI news
1H bias is sell
15min took out the buyer that made the higher high.
Hard sell power coming in.
Got in at price point 1.47380
SELLING EURCAD NOW!! (SWING THIS)Hey Traders,
I'm selling EURCAD now, trading with a 1:1.5 risk to reward.
CONFLUENCE:
1. SOW FORMED= SIGN OF WEAKNESS
2. PRICE FORMED OUR BEST SETUP (V SHAPE)
3. CLOSE TO THE KEYZONE (NUMBER ALGO.)
GOT A NICE RISK!!!
LETS GO!!!!!!!!
EUR/CAD Analysis: Bullish Momentum Strengthened by InstitutionalEUR/CAD is showing significant potential for continued upside, with large speculators holding long positions, according to the latest COT data. This institutional positioning stands in contrast to the prevailing retail sentiment, which remains predominantly bearish, often signaling that retail traders are positioned against the trend.
Retail traders, who are typically contrarian in nature, tend to be on the wrong side of the market when they are overwhelmingly bearish. This dynamic provides an opportunity for institutional traders to push EUR/CAD higher, as they target retail stop-loss orders below key levels.
With institutional long positions supporting the bullish trend and retail traders positioned on the opposite side, EUR/CAD appears poised for further gains. Traders should watch for key support levels and potential liquidity zones to find fresh entry points as the bullish momentum continues to build.
EUR/CAD Weekly Analysis"On Monthly:
200, 50 and 20 EMA are showing Bullish move as the overall move indicates. However, 1.50700 and 1.5200 which is Psychological Resistant are holidng firm.
Price moving back down to test 1.4800 another Psychological Support number that is playing Support now which has been respected in the past.
Next Support is 1.47140 followed by past 52 Candle Low 1.44500.
In short, depite the overall Bullish move, this month we are going Bearish.
-- On Weekly:
The Uptrend has been broken and it has been tested by last week move.
Some may argue that it's Harami Bullish candle formation. However, if the upper and lower wick were much greater, then it would be Harami for sure.
If Monday doesn't continue Bullish move, then the reversal to down is the moselikely next move.
--On Daily:
On 11/22 it hit the Monthly bottom Trend line (RED) and sharly rejected and bounce backed up.
It's testing the Daily (GRAY) trendline and candles are getting smaller and it seems they are losing steem and ready to bounce back down to S. 1.47140 a strong historical respected number.
All three EMA, 200, 50, and 20 are above price.
-- On Hourly:
It's trending up and going toward the Daily trendline.
As we can see, it has been touched twice and was rejected sharply.
Entry would be;
Either wait for touch upper Hourly / Daily trendline and confirm the rejection.
OR
Once the Lower band of Hourly Trendline is broken and confirmed.
Bearish move towards 1.47140 historical Support/Resistant.
"
USD/JPY Weekly Analysis"On Monthly:
This pair, Since 2021 has beeb Bullish. That is due to Monetary policy of Japan that it seems recently it slowely changing.
There are two Historical Rersistants (160.00 and 155.400) that have been touch, but not broken since 1997. BOJ always interfear with market once the price get to that level.
Last month on November, it hit 155.400 and got rejected and it made a Doji Bearish candle that can arguably called Shooting Star.
Price is close to 149.00 Psychological number as support in this case. If FED. don't raise the Interested Rate in the month of December, price most likely will bounce back up.
-- On Weekly:
It made an Evening Starcandle formation and a solid Engulfing candle twice as big of previous candle and it's landing at 149.00 Support.
The bearish move now is clear that mostlikepy will continue based on this time frame.
--On Daily:
It is confirming the Bearish move to 149.00 with all three EMA 200, 50 and 20 supporting it. We need to see how it behaves once it hit 149.00 and adjust our strategy.
-- On Hourly:
This time frame just shows the same analysis granually. It's consolidating / correcting to continue Bearish move with the support of all three EMAs."
EURCAD is in a Bullish Pattern After Testing daily Support Hello Traders
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EURCADa huge spike and a consolidation, v-formation and break out. starting at this point a tp of 2 is likely to happen
Buy EUR/CAD Bullish ChannelThe EUR/CAD pair on the M30 timeframe presents a potential Buying opportunity due to a a well-defined Bullish Channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 1.4795, This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.4874
2nd Support – 1.4912
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Best Regards, KABHI FOREX TRADING
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EURCAD Strong medium-term buy opportunity.The EURCAD pair gave us an excellent sell signal last time (September 12, see chart below) that easily hit our 1.46550 Target:
This time we have a confirmed bottom just a week ago on the 0.786 Channel Fibonacci level, similar to the June 08 2023 bottom, both accompanied by a 1D MACD Bullish Cross.
As a result, we turn bullish on this pair targeting 1.5000, which is just below the 0.236 Channel Fib, similar to the July 18 2023 High.
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Is the EURCAD Setting Up for a BUY Opportunity?👀 👉 The EURCAD has made an impressive move off a key support level, showing strong momentum as it approaches previous highs. The question remains—what’s next? I’m closely monitoring for a potential buy setup, specifically if the pair retraces to the critical 50% Fibonacci level. At that point, I’ll be looking for a clear bullish shift in market structure to confirm a high-probability entry. Patience is key here, as waiting for confirmation can make all the difference in achieving consistent results. 📢 Disclaimer: This content is for educational purposes only and is not financial advice.
