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EURCAD trade ideas

Shorting EURCAD: From Eiffel Tower to Canadian Beaver Tails- Your One-Way Ticket to Profits LOL The Eurozone's got more cracks than a sidewalk after a monster truck rally. Seriously, their economy's shakier than a chihuahua with a sugar rush. Canadian loonie's about to get stronger than a hockey player after a double-bacon poutine. Get ready for the maple syrup to flow like profits into your account! Europe's on vacation mode, but their currency ain't invited. While they're sipping piña coladas, the loonie's gonna be working overtime, leaving the Euro in the dust. Shorting EURCAD is like betting on a snail race against a cheetah. It's pretty much a guaranteed win (unless that snail has a hidden jetpack, which, let's be honest, is unlikely). Imagine all the maple syrup-flavored Lamborghinis you can buy with your EURCAD short profits! Okay, maybe not Lamborghinis, but definitely enough poutine to make your taste buds do a happy dance. So there you have it, folks. Shorting EURCAD is a recipe for financial fun (and maybe a slight case of diabetes from all the poutine you'll be eating). But hey, winning trades and delicious Canadian treats? Sounds like a sweet deal to me!
Short
by FtradeFXArabic
EURCAD Ahead Of The ECB Rate DecisionEURCAD Ahead Of The ECB Rate Decision This week on THURSDAY, JULY 18 the market will focus on the ECB Interst rate decision. The expectations are that the ECB may keep the rates on hold this time: ECB Main Refinancing Operations Rate at 4.25% ECB Rate On Deposit Facility at 3.75% It will be followed also by a press conference but if ECB doesn't change rates we may see EURO correction lower again by showing some weakness. Technical Analysis: EURCAD is testing a strong resistance zone. A move above the red zone may push EURCAD further to 1.5120 On the other hand if the price will stop in the current zone it may move down further. You may find more details in the chart! Thank you and Good Luck!
by KlejdiCuni
5
EURCAD Is Bearish! Sell! Take a look at our analysis for EURCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.491. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.488 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
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. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
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.
Long
by KhaSMC