EURCAD - DailyNewbie - Bias direction is short Monthly, Weekly and Daily confluence, price bounced at Fib 38.2, possible Head & shouders, TP 1.4771 just before @ 1.4750 at Large Quarter Point. This is my analysis ONLY, looking for Traders to confirm my analysis......by freedmtraderUpdated 0
EURCADPrice made a implosive move to the downside and has now reached support, price made a bullish engulfing candle while rejecting support, we can hopefully now see this pair trend up for a bullish reversal.Longby RicoTrades_0
EURCAD: Quick short opportunity + bonus for long term.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 the opportunity for a quick short term sell on the HL trendline (TP = 1.45750). The HL trendline has always been crossed downwards these 1.5 years so if we see a crossing under the 0.618 Fibonacci, we will sell again and target the 0.786 Fib (TP = 1.43650). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Shortby InvestingScope3
EURCAD Sell I'm selling the euro against the Canadian dollar, and the recent increase in prices is just a temporary correction. My overall view is still bearish, so I'm targeting a sell price of 1.46047. I expect this target to be reached within the next four weeks, but it's important to be patient in trading. I'll keep you updated on any developments as needed. Pair might still push up some more before hitting our target.Shortby GlobalHornsUpdated 0
EUR/CAD BUYERS WILL DOMINATE THE MARKET|LONG 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✅Longby EliteTradingSignalsUpdated 116
EURCAD TARGET REACHED 🎯 Results. You can not afford to miss these type of trades again. Start following Blue_Magic_fx Please follow as motivation. by Blue_Magic_fx0
DeGRAM | EURCAD the chart broke the channel downEURCAD broke out of the channel. The chart broke the level of dynamic support, which now acts as resistance. The price has reached the 62% retracement level. We think that after the support breakout the price will continue to decline. ------------------- Share your opinion in the comments, and support the idea with a like. Thanks for your support!Shortby DeGRAM113
EURCAD is approaching a significant levelHey 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.Shortby JoeChampion2
EURCAD can be stopped again from the old structure areaEURCAD can be stopped again from the old structure area Technical Analysis: From the previous analysis, EURCAD has failed to break 1.4765. This zone was tested several times in the past and the price then decreased. The price may decrease again from this area since we also have the ECB's rate decision on Thursday. It will be interesting to see how the market reacts ahead of the meeting. A bullish move above 1.4765 would increase the chances of further upside. Downside targets: 1.4665, 1.4565, 1.4480 Bullish targets: 1.4910 PS: I think there is more chance of a bearish wave You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Shortby KlejdiCuniUpdated 4418
Long From SupportPrice 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 biasedLongby ChrisLaw1112
EURCAD-In a sideways patternA nice sell stop opportunity in EURCAD based on support and resistance.Shortby hamidshaikhsarmaaya1
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. Long06:00by Bluesclues365221
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. ——————————— WISH YOU ALL LUCK Shortby AnabelSignalsUpdated 111
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.by Forex_Analysis_WingUpdated 12
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... Shortby PrimeTradingUpdated 101012
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)Shortby PrimeTradingUpdated 131337
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. Longby Just-Technicals0
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 ratesShortby ForexCSPUpdated 1
EURCAD UPDATE#EURCAD UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to update about EURCAD. EURCAD is making rising Wedge Pattern and almost breakout done. In this move we can see drop upto 100Pips+. Keep in touch we will update further soon.Shortby Williamforex1
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.Shortby VantageMarkets117
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 actionShort01:31by Forex_Wealth_Factory3
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 :-)Shortby xoxo450