EURCAD Trading Opportunity! SELL!
My dear friends,
My technical analysis for EURCAD is below:
The market is trading on 1.5044 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.4975
Recommended Stop Loss - 1.5078
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EURCAD trade ideas
Institutional Supply: EUR/CAD Shorthey traders,
back to it, been a while I know.. 95% of my trading is fully automated nowadays.
but I'll help you guys out with some charts again!
quick reminder, the daily zones are for the bias, the 4hour needs to shape up nicely with star patterns to consider any trades.
kind regards,
max
EURCAD is in a Bullish PatternHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
today Gold analysis 👆
🟢This Chart includes_ (GOLD market update)
🟢What is The Next Opportunity on GOLD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
A possible buy trade on EURCADThe price on EURCAD is at a key horizontal level. If the price breaks out of this level, and candles start closing above it (making wicks below this level), that'll be a good sign supporting the possibility of an upward move. If the candles start closing below this level (making wicks on top), then that'll be the sign that the price might get rejected by this level. Then a downward move might be possible.
Personally, I am keeping an eye on the upper most trend line. My perception is that the price might continue upwards from here on, at least up to that upper most trend line.
EUR/CAD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
EUR/CAD is making a bullish rebound on the 4H 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 1.497 level.
✅LIKE AND COMMENT MY IDEAS✅
EURCAD IS TRENDING BEARISHAbove is a 4hr Euro/Canadian dollar chart which shows price has been breaking lows and trading lower. We have trendline liquidity that price took out after reacting to a 4hr supply zone. Price created a huge 4hr fair value gap (fvg) at premium price. If price is to continue with the Bearish market structure then we need to see price reacting to the 4hr fvg and giving us a shift in market structure.
As we wait for the market to finish retracement, goodluck.🌟🌟🕣
eurcad buy tradeTrend: The trend appears to be bullish, with the price moving above the 1.490 level1
.
Support Levels: Key support levels to watch are 1.485 and 1.470. If the price remains above these levels, it could indicate further upside potential.
Resistance Levels: The nearest resistance is around 1.500. A break above this level could reinforce the bullish outlook.
Technical Indicators: The Relative Strength Index (RSI) is showing an upward trend, indicating increasing momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover, further supporting the potential for an upward move.
EURCAD View!!Markets expect the Federal Reserve to cut rates by just 25 bps in November, rather than 50 bps, following the jobs data. According to CME's FedWatch tool, markets are pricing in a 85% chance of a quarter point cut, up from 47% a week ago, and a slim 0.15% prospect of no cut at all.
A rise in the yield on the benchmark U.S. 10-year note
US10Y
above 4% for the first time in two months was also a psychological support.
Against the Japanese yen, the dollar weakened after Atsushi Mimura, Japan's top currency diplomat, issued a warning against speculative moves on the foreign exchange market.