After price retested a daily golden zone, it gave us a shift in market structure on the 4h time frame signaling a potential beginning of a reversal. Price has now formed liquidity above the 4h golden zone that it could use to fuel it's move further to the upside.
EURCAD marginally turned bearish on its 1D technical outlook (RSI = 44.842, MACD = 0.001, ADX = 27.243) as it hit both the 1D MA50 and 1D MA200 today. That is dead neutral on a 15 month basis as the pair has been on a wide ranged price action since the start of 2023. Currently it sits exactly at the middle of this pattern on the 0.5 Fibonacci level. This gives us...
Hello,Friends! Previous week’s red candle means that for us the EUR/CAD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 1.467. ✅LIKE AND COMMENT MY IDEAS✅
Hey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.46800 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.46800 support and resistance area. Trade safe, Joe.
Price is falling towards a solid support zone which aligns with the 50% Fibo retracement and the Ichimoku cloud. A bounce from this level could lead the price to rise to our take profit. I'm bullish biased
yesterday 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...
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,...
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 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...
Entry : 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.
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
EUR/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 Canadian dollar will weaken to the upper support level. The direction shown in the picture is perfect for swing trade. #eurcad #buy
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...
EUR/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...
Hello 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. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I...
Hello,Traders! EUR-CAD will soon hit A horizontal resistance Of 1.4780 and the pair Is already locally overbought So I will be expecting a Local move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅EUR_CAD is going up now But a strong resistance level is ahead at 1.4770 Thus I am expecting a pullback And a move down towards the target at 1.4683 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅