Hello, Friends! EUR/CAD pair is in the uptrend because previous week’s candle is green, 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 1.495 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
My dear subscribers, EURCAD looks like it will make a good move, and here are the details: The market is trading on 1.4943 pivot level. Bias - Bearish My Stop Loss - 1.5018 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probableBearish continuation. Target - 1.4844 About Used Indicators: The average true range (ATR) plays an important...
#EURCAD Update Hey dear members hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURCAD. EURCAD is making the rising wedge pattern. Already ready for breakout. After this breakout we can see drop upto 100Pips+ soon. Keep in touch we will update further soon.✍
Uptrend : The EUR/CAD pair is in a strong uptrend, characterized by higher highs and higher lows. Support and Resistance Levels : The pair has broken a key resistance level around 1.49561, which now acts as support. The next significant resistance is at 1.50450. Moving Average : The current price is above the 200-period SMA, indicating long-term bullish...
As we discussed on Friday - EURCAD broke and closed above a resistance line of a bullish flag pattern. I bought the pair after the market opening on a retest of a broken trend line. We can expect more growth and a test of a current high - 1.497 ❤️Please, support my work with like, thank you!❤️
Hello, Friends! We are going short on the EUR/CAD with the target of 1.480 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
The last standard W pattern had failed. EURCAD completed an extended W pattern. It showed some rejection from the top. We have a support level in there. If this support levels is broken and confirmed with a bearish signal, we can see a good short opportunity. Targets are on the screen: If you found this interesting please consider supporting this analysis by...
✅EUR_CAD is trading in an Uptrend and the pair made a Breakout and a retest of the Key horizontal level of 1.4920 Which is now a support and We are already seeing a Bullish rebound so we Will be expecting a Further bullish continuation LONG🚀 ✅Like and subscribe to never miss a new idea!✅ ——————————————————————————
The EUR/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.4932, positioned close to the breakout level....
Within Market trading, regardless of the assets involved, you need to form both a technical and fundamental case for your bias. When you do this, you grip great deals, and you also know where it is likely you will head. This is simple to learn, when described in a simple format.
Canada CPI will give the BOC a good indication on whether they are taking the right easing path. Keen to cut, the EUR has gained strength recently continuing a mid term uptrend. Levels remain higher, and can be noted for shorts. Exits lower.
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...
Hello, Friends! We are now examining the EUR/CAD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1.486 level. ✅LIKE AND COMMENT MY IDEAS✅
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EUR/CAD is rising towards a strong resistance zone and could potentially reverse from this level to the downside.
Hello,Traders! EUR-CAD went up and The pair is locally overbought So as it is approaching A horizontal resistance Of 1.4929 from where We will be expecting a Local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
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...