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!✅
greetings. I am long EURCAD today at market SL: 1.4682 TP: 1.4775 I am only sharing, not a recommendation to enter the markets.
Price has broken out of an overlap resistance level which aligns with the 61.8% Fibonacci retracement and could rise from this level to our take profit Entry: 1.46630 Why we like it: There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement Stop loss: 1.46258 Why we like it: There is an overlap support level Take profit: 1.47338 Why...
EURCAD / 1D Greetings, traders! Welcome back to another market analysis. The EURCAD pair has been following a bullish trend, with the price indicating signs of strength. This breakout suggests the possibility of further upmovement. I intend to consider entering a position at lower prices following confirmation of the lower time frame during the next pull-back...
Here is our detailed technical review for EURCAD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.460. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.464 level. P.S We determine...
Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
Hello traders, we want to check the EURCAD chart. After a downward movement, the price has pulled back to the specified resistance level, which it has reacted to several times in the past. We expect this level to maintain the downward trend of the price and the price will fall to around 1.45800. Good luck.
Hey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.46900 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.46900 support and resistance area. Trade safe, Joe.