EURCAD trade ideas
EURCAD longyesterday i had two amazing bull runs with USDCAD and GBPAUD taking my acount balance from
$102 to $469. This morning during london i entered two seperate positions which was EURCAD and EURJPY. Both trade were in profit until after london then we got a huge move down causing mme to close at a -$78 loss. The account balance is now $361 and ive entered EURCAD for another long position at support.
EURCAD What Next? SELL!
My dear subscribers,
This is my opinion on the EURCAD next move:
The instrument tests an important psychological level 1.4746
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 - 1.4680
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
EURCAD its me to reach the upper trending Resistances.EURCAD its me to reach the upper trending Resistances.
Bullish reasons for the EUR/CAD currency pair:
1. Monetary Policy Divergence: The European Central Bank (ECB) and the Bank of Canada (BoC) have different monetary policies. If the ECB maintains a more accommodative stance while the BoC tightens, it could favor the euro against the Canadian dollar.
2. Economic Recovery: As the global economy recovers from the pandemic, both the eurozone and Canada are expected to benefit. Strong economic data can boost the EUR/CAD pair.
3. Oil Prices: Crude oil is a significant export for Canada, and fluctuations in oil prices impact the Canadian dollar. A rise in oil prices could weaken the CAD and strengthen the euro.
4. Risk Sentiment: The euro often acts as a funding currency during times of global economic uncertainty. If risk sentiment improves, investors may move away from safe-haven currencies like the USD and into riskier assets, benefiting the euro.
5. Technical Analysis: From an Elliott wave perspective, the EUR/CAD has been in a bullish impulse since August 2022. Technical traders may find this trend appealing.
6. Interest Rate Expectations: Any divergence in interest rate expectations between the ECB and the BoC can impact the EUR/CAD exchange rate. Higher expected rates in the eurozone can attract investors.
7. Trade Balance: A positive trade balance for the eurozone or Canada can influence their respective currencies. Improving trade balances may favor the euro¹.
8. Political Stability: Political stability in the eurozone or Canada can boost investor confidence and support their currencies.
9 . Eurozone Recovery Fund: The EU's Recovery and Resilience Facility aims to support economic recovery in member states. Positive developments could benefit the euro.
10. Commodity Prices: Apart from oil, other commodities also impact the Canadian dollar. A rise in commodity prices can strengthen the CAD.
11. Inflation Trends: Monitoring inflation rates in both regions is crucial. Higher inflation in the eurozone relative to Canada could favor the euro.
12. Currency Flows: Institutional investors and hedge funds' currency flows can influence exchange rates. Keep an eye on capital flows.
13. Technical Patterns: Chart patterns, moving averages, and other technical indicators can signal bullish trends. Traders often use these for decision-making.
14. Global Economic Growth: A synchronized global economic recovery benefits both the eurozone and Canada, potentially supporting the EUR/CAD pair.
15. Central Bank Communication: Pay attention to statements from the ECB and the BoC. Any hints about future policy changes can impact the exchange rate.
16. Risk Appetite: When risk appetite is high, investors may seek higher-yielding assets, including the euro. Conversely, risk aversion can strengthen safe-haven currencies.
17. Geopolitical Developments: Geopolitical tensions or resolutions can affect investor sentiment and currency movements.
18. Technical Support Levels: Identifying key support levels on the EUR/CAD chart can guide traders. Breakouts above these levels can be bullish signals.
19. Seasonal Factors: Some currencies exhibit seasonal patterns. Analyze historical data to identify any recurring trends.
20. Market Sentiment: Sentiment indicators, such as the Commitment of Traders (COT) report, provide insights into market positioning. Extreme positions can signal potential reversals.
NOTE : 📬 COMMENT, ✅LIKE AND ☑️ FOLLOW. THIS CAN HELP ME TO ANALYSE THE MARKET MORE EFFICIENTLY FOR YOU.
FX Wars Episode 2 - Attack of the CAD clones!Round 2, Fight!
Result Round 1 see here:
After my first EURCAD short hit the target and the EURCAD made a nice retracement to the upper edge of the range, I basically enter the same trade again:
I split the trade into 2 positions:
I short the EURCAD once here directly and at the same time place a limit order at the current range high of 1.51000.
I place the take profit at 1.41000.
A tasty 1000 pips profit awaits me :)
I have already explained the reasons for this in detail in the 1st episode.
A summary:
Once upon a time, a long, long time ago, there was a confused rebellion by the European Central Bank (ECB).
It erred in almost all important matters and plunged the European economy into a severe crisis.
The beneficiaries are the renegade followers of the CAD empire, including myself. They are (once again) profiting from the sheer ignorance and short-sightedness of the ignorant ECB Council by shorting the EURCAD.
- As predicted back in July, inflation in the eurozone fell far faster than the ECB and the market had expected.
- At the same time, eurozone GDP was also far worse than expected (as I had predicted, see commentary of 6 September.
- The ECB is (once again) wrong on all counts and is reluctant to utter the forbidden words "interest rate cuts". The most important ECB members do not see the possibility of considering interest rate cuts until the end of 2024 at the earliest
-> This is a fallacy and the market will already be discussing interest rate cuts with the ECB at length in Q1
-> I see a high probability that we will be very close to the ECB's first rate cut as early as April 2024.
More will of course follow in 2024.
To be continued...
You will short the EUR ... and you will be happy - WEFThe ECB is (once again) on the wrong track:
It is stubbornly sticking to its hawkish view and justifying this with the fact that inflation in the euro area will remain stubbornly "sticky" and will probably not reach the target range of 2% until 2025.
The ECB is wrong (once again), as inflation will hover around 3% as early as December 2023 and reach the 2% target mark in the first half of 2024 at the latest (bullseye!).
The hawks of the ECB are thus adorning themselves with borrowed plumes and will soon (have to) reveal their dovish face.
However, since the strong negative disinflation effects will only take full effect from September onwards and core inflation will definitely remain stable in July and August, the ECB will not abandon its planned interest rate hike in July and the European Central Bank could (unfortunately) also be expected to implement a final rate hike in September.
However, these would not be necessary; on the contrary, they will weigh heavily on the already struggling eurozone economy and force the ECB to revise its GDP growth forecasts downwards soon.
-> Germany is a cautionary, recessionary example here!
-> All these points (stronger than expected falling inflation + ailing economy) will hurt the euro, which makes me see a promising short opportunity in the EURCAD.
I have given a detailed insight into the strength of the Canadian economy in my CADCHF trade idea.
Translated with www.DeepL.com (free version)
EURCAD-Long IdeaEntry : Price broke through the trend line and the swing high of trend line. Will be looking to take longs from the bullish zone if the market taps it.
Stop Loss : Will be below the swing low.
Take Profit : TP1 will be at the bearish Zone, TP2 will be at the High.
EUR/CAD: Sell Position
The price of the currency pair is expected to start a downtrend after reaching the resistance level of 1.47646.
The first target for the sell position is 1.46500 and the second target is 1.45000.
Consider your risk management before entering a trade.
Pay attention to economic news and events that may affect the EUR and CAD exchange rates
Potential bearish dropEUR/CAD is currently on a resistance level which is a pullback resistance level and could reverse from this level to our take profit
Entry: 1.47378
Why we like it:
There is a pullback resistance level
Stop loss: 1.47789
Why we like it:
There is a pullback resistance level
Take profit: 1.46630
Why we like it:
There is an overlap support level which aligns with the 50% Fibonacci retracement
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.
EUR/CAD Full Analysis With Near Sell Setup the price is standing at a strong area of resistance but we need to see a 4h candle stick closure with good bearish price action
EURCAD Short maybe?
Hello fellow traders.
We have seen that USDCAD, has been going down a lot lately.
looking at the 2H for EURCAD this recent uptrend in the EURCAD could soon shift if the price
doesn't break the yellow support line. The red downward arrows indicate other zones that need to be broken before we go further down and maybe hit 1.458's
Looking at 4H seems also to indicate that this could be possible.
lets see :-)
EUR/CAD going upThe Canadian dollar will weaken to the upper support level.
The direction shown in the picture is perfect for swing trade.
#eurcad #buy
EURCAD sell weakness after Nonfarm weekly8/4/24 EURCAD Monday after Nonfarm weekly Sell weakness background
EURCAD SELLHere EURCAD I am providing sell program
Reason
1.Daily High taken
2.HTF liquidity taken
3.AMD Reversal formed
4.Supply zone
Expectation = Waiting for LTF change of character for safe entry .
EUR/CAD Looking an MMSM.In this analysis i am looking for an MMSM after the Daily FVG has been achieved, thus finishing the MMBM. Now the main thing is to refine the entry point so that we are not poorly positioned to seek a higher RR until the next Sellside Liquidity.
All analysis was done based on ICT concepts.
EUR/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
EUR/CAD pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.468 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EURCAD CURRENT SELLING MARKET MOVEMENTSTitle: EURCAD Current Market Movements: Insights and Analysis
Description:
Welcome to our latest analysis focusing on the current market movements of EURCAD! In this video, we dive deep into the fluctuations of the exchange rate between the Euro (EUR) and the Canadian Dollar (CAD). Whether you're a seasoned forex trader, an investor, or someone intrigued by global currency dynamics, this video is tailored for you.
Join us as we dissect the recent trends, identify key factors influencing the EURCAD pair, and offer valuable insights into potential future trajectories. Our analysis incorporates fundamental aspects such as economic indicators, geopolitical events, central bank policies, and market sentiment to provide you with a comprehensive overview of the currency pair's performance.
Staying informed about the latest market movements empowers you to make well-informed trading decisions and seize profitable opportunities. Whether you're considering short-term trades or long-term investments, understanding the nuances of EURCAD movements is essential for success in the forex market.
Don't miss out on valuable insights that could potentially enhance your trading strategies and optimize your returns. Click play now to gain valuable insights into the dynamic world of EURCAD current market movements. Subscribe to our channel for regular updates and analysis on forex trends and trading strategies. Let's navigate the markets together!
EURCAD Possible Long PositionUsing the BBMA Strategy by OA, a Re-Entry Long in 4H time frame appeared and using a multi- time frame analysis , I'm now waiting for a confirmation in TF 2 and TF 3 ( 15m Entry ).
4H - Re-Entry
1H- 50 EMA Rejection + Extreme short
15m- wait for CSAK + Retest in MAHILO min 15m
Note:
* Cancel trade or cut-loss when candle close below MAHI in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
EURCADEURCAD is taking retarcement and giving us opportunity of buying trade.
Lets take a buy trade to target the mentioned regions
Potential bearish dropEUR/CAD is currently on a resistance level and could reverse from this level to our take profit
Entry: 1.47378
Why we like it:
There is a pullback resistance level
Stop loss: 1.47789
Why we like it:
There is a pullback resistance level
Take profit: 1.46630
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement
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.
EURCAD→ Trade Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up, levels for BUY . EURCAD long
! Great BUY opportunity EURCAD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
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