#EURCAD 1DAYEURCAD Daily Analysis The EURCAD pair is currently trading near the lower boundary of a well-defined channel on the daily chart, where it has reached channel support. This support level suggests potential buying pressure, as the price has historically rebounded from this area within the channel, creating a favorable setup for a long position. Technical Outlook: - Pattern: Channel Support -Forecast: Bullish (Buy Opportunity) - Entry Strategy: Buy near the channel support area Traders may look to enter a buy position around this support level, with targets set at the channel's upper boundary. To further confirm the setup, indicators like RSI showing oversold conditions or MACD indicating a bullish divergence could add confidence to the trade, supporting the bullish forecast for EURCAD.Longby PIPSFIGHTER3341
EURCAD - 4hrs ( Sell Trade Target Range 240 PIP ) 🟢 Pair Name :EUR/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ 🟢 Key Technical / Direction ( Short ) ——————————— Bearish Break 1.48750 Area Reasons - Major Turn level / D - visible range hvn - Fixed Range Hvn - P m + w low - Choch Zone Bullish Reversal 1.46500 Area Reasons - Major Turn level - Visible Range Lvn - Pattern Target - Quarter low - Fibo GoldenShortby GoldenEngine23
Smart money concept.i think the EURCAD is going up temporarily because the the 1H is downtrend and the 15m is making an uptrend move. Longby shaybeaxmed223
EURCAD - Support Becomes ResistanceHello Traders ! On the daily time frame, The EURCAD broke the support level. This key level becomes a new resistance level ! So, I expect a bearish move📉 _____________ TARGET: 1.47480🎯Shortby Hsan_BenhmedUpdated 559
EURCAD next possible moveWe are waiting for our asset to reach our action zone, and based on the reaction, we’ll decide on our next moves.ALWAYS WAIT FOR A CONFIRMATION TO SEE IF THE PRICE VALIDATES THE ZONE.Shortby eLs-Trading661
EURCAD scenario for a recovery to 1.49000EURCAD potential short-term recovery to 1.49000 level. We see a slight breakout of the downtrend and transition into a sideways trend. Now, we need a stronger bullish momentum for our bullish scenario. We will go to a new November low if that does not happen.Longby Aleksin_AleksandarUpdated 227
EURCAD sellclean break down of the consolidation formed since July a lot of fake breakouts of the 1.51 level fall down expectingShortby Konstanta_trader113
EURCAD: Strong Bearish Pressure 🇪🇺🇨🇦 While USDCAD looks strongly bullish, bears keep pushing EURCAD lower. The price broke and closed below both a key daily horizontal support and a falling trend line - a vertical support. It opens a potential for a bearish continuation lower at least to 1.479 ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader224
EUR-CAD Support Ahead! Buy! Hello,Traders! EUR-CAD is falling down To retest the horizontal Support of 1.4860 and Despite our swing bearish Bias we will be expecting a Local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too! Longby TopTradingSignals118
EURCAD Will Explode! BUY! My dear subscribers, My technical analysis for EURCAD is below: The price is coiling around a solid key level - 1.4798 Bias -Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.4912 My Stop Loss - 1.4731 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK Longby AnabelSignalsUpdated 114
EURCAD buyThis pair is forming a continuation pattern (a flag). We anticipate EURCAD to buy upto 1.5330 region to complete the the length of the bullish flag pole. by Senator_Konshens3
EURCAD_110 2024.11.07 16:51:04 Trading Signal SELLFrankPro Signal for EURCAD_110 Type: Screen Signal: SELL TP: 1.48963 SL: 1.49779 Entry Price: 1.49643 Analysis for EURCAD Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Up ST=Up LT=Up Analysis Method(0) Based on the provided analysis, I will provide separate assessments for short-term and long-term expectations for the EUR/CAD currency pair. **Short-term (next few days to a week):** Given the recent reversal from the key resistance level of 1.5160 and the formation of a Dark Cloud Cover pattern, the pair is likely to fall to the next support level at 1.5100. The overbought daily Stochastic also supports this bearish outlook. However, if the pair breaks above 1.5172, it could confirm a continuation higher. Considering the uncertainty and the dual potential scenarios, I would say that the price is expected to **go down** in the short-term, but with a possibility of a breakout above 1.5172, which could change the direction. **Long-term (weeks to months):** The decisive breakout above the slanting roof of a multi-month price pattern and the bullish MACD momentum indicator support a long-term bullish outlook. If the price follows through higher, it could make a significant advance, targeting 1.5228 and then 1.5312. However, a bearish close could form a two-bar reversal pattern, indicating a temporary deeper correction. Considering the overall analysis, I would say that the price is expected to **go up** in the long-term, but with a possibility of temporary corrections. **Staying the same:** Given the current uncertainty and the dual potential scenarios, it's unlikely that the price will stay the same in the short-term or long-term. The analysis suggests that the pair will either break out above 1.5172 or fall to the next support level at 1.5100, and then potentially continue its move in the same direction. Result: ST=Down LT=Up Analysis Method(1) Based on the analysis, here are my conclusions: **Short-term (next few days/week):** * The breakout above the upper trendline of the pattern could be "false" and the pair might form a Double Top bearish reversal pattern. * The MACD momentum indicator has risen above the zero line, but a bearish close could form a two-bar reversal pattern, indicating a potential short-term correction. * Some analyses suggest that the pair holds negative signals from both short and long-term Moving Averages, indicating a more negative forecast in the short term. * Therefore, I expect the price to **go down** in the short term, potentially breaking below 1.5101 and targeting 1.5051. **Long-term (next few weeks/months):** * The EUR/CAD has decisively broken out of a multi-month price pattern, which is a bullish sign. * A break above 1.5172 could confirm a continuation higher, targeting 1.5228 and potentially reaching 1.5312. * The pair has rebounded from range support, forming a strong bullish engulfing candle on the daily chart, suggesting a promising outlook for continued upward movement. * Therefore, I expect the price to **go up** in the long term, potentially reaching the targets mentioned above. Please note that these are just predictions based on the analysis, and the actual market behavior may differ. Result: ST=Down LT=Up Analysis Method(2) Based on the analysis provided, here is my assessment of the EUR/CAD currency pair's potential price movement: **Short-term analysis (next few days to a week):** * The recent breakout above 1.5172 and the bullish engulfing candle on the daily chart suggest a potential uptrend. * The MACD momentum indicator rising above the zero line also supports a bullish outlook. * However, there is a risk of a "false" breakout, and if the price breaks below 1.5101, it could lead to a move down to 1.5051. * Given the recent breakout and bullish indicators, I expect the price to **go up** in the short term, with a target around 1.5200. **Long-term analysis (next few weeks to a month):** * The EUR/CAD pair has broken out of a multi-month consolidation pattern, which could lead to a sustained uptrend. * The Fibonacci price projections suggest potential targets at 1.5228 and 1.5312, which could be reached in the long term. * However, the alternative scenario of a Double Top bearish reversal pattern cannot be ruled out, and a break below 1.5101 could lead to a move down. * Considering the breakout and the bullish indicators, I expect the price to **go up** in the long term, with a potential target around 1.5312. **Staying the same:** * The current trading range of $1.48 and $1.51, with support at $1.46 and resistance at levels such as $1.47 and $1.48, suggests that the price could remain range-bound if it fails to break out of this range. * However, given the recent breakout and bullish indicators, I do not expect the price to **stay the same** in the short or long term. Overall, my analysis suggests that the EUR/CAD pair is likely to go up in both the short and long term, with a potential target around 1.5200 in the short term and 1.5312 in the long term. Result: ST=Up LT=Up Shortby orbborisson2
Sell eurcadOur 1 st idea already running 300 pips Now just wait to break this buy zone then. More sell expected minimum 200 pips in H4 chart.Shortby forexagent4
EUR_CAD WILL GROW|LONG| ✅EUR_CAD fell again to retest the support of 1.4860 But it is a strong key level So I think that there is a high chance We will see a bullish rebound and a move up 1.4960 LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx113
EURCADIt seems to be that this is the point of reversal on lower time frames. Weekly/ daily timeframe - a huge triangle - a breakout - a flag LTF - the impulsive decline looks completed, at least all internal waves look to be in place. What it means also: - is EURUSD set for a larger correction? - if CAD weakens, is this a signal for a stronger oil? What do you think? Trade safeLongby Alpha_Mind222
EURCAD, Bearish Continuation after Double TopDouble Top Formation @ Weekly Resistance Zone Bearish Trend Continuation Major weekly support Broken New lows Formation Sell Order @ 38% retracement Support Break retest will be the best entry Enter with sell stop @ 1.4866 Target Towards major horizontal levels Stoploss 1.49340Shortby itsrohansaeed3
EURCAD FORECASTTraders, this pair is looking promising. The price shows that it has failed to continue pushing to the upside after failing to break the potential highs and closing above. It has given us the indication that it is likely to drop to the downside after breaking all lows impusively, guys whenever we have a failed continuation like this, the failed structure becomes a volume for the price to move to a long distance that's why we expect more of a selling momentum to come ahead.Short08:04by Richard_Mkude2
EURCAD_101 2024.11.07 15:59:03 Trading Signal BUYFrankPro Signal for EURCAD_101 Type: Screen Signal: BUY TP: 1.50472 SL: 1.49793 Entry Price: 1.4989 Analysis for EURCAD Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Up ST=Up LT=Up Analysis Method(0) Based on the provided analysis, I will provide separate assessments for short-term and long-term expectations for the EUR/CAD currency pair. **Short-term (next few days to a week):** Given the recent reversal from the key resistance level of 1.5160 and the formation of a Dark Cloud Cover pattern, the pair is likely to fall to the next support level at 1.5100. The overbought daily Stochastic also supports this bearish outlook. However, if the pair breaks above 1.5172, it could confirm a continuation higher. Considering the uncertainty and the dual potential scenarios, I would say that the price is expected to **go down** in the short-term, but with a possibility of a breakout above 1.5172, which could change the direction. **Long-term (weeks to months):** The decisive breakout above the slanting roof of a multi-month price pattern and the bullish MACD momentum indicator support a long-term bullish outlook. If the price follows through higher, it could make a significant advance, targeting 1.5228 and then 1.5312. However, a bearish close could form a two-bar reversal pattern, indicating a temporary deeper correction. Considering the overall analysis, I would say that the price is expected to **go up** in the long-term, but with a possibility of temporary corrections. **Staying the same:** Given the current uncertainty and the dual potential scenarios, it's unlikely that the price will stay the same in the short-term or long-term. The analysis suggests that the pair will either break out above 1.5172 or fall to the next support level at 1.5100, and then potentially continue its move in the same direction. Result: ST=Down LT=Up Analysis Method(1) Based on the analysis, here are my conclusions: **Short-term (next few days/week):** * The breakout above the upper trendline of the pattern could be "false" and the pair might form a Double Top bearish reversal pattern. * The MACD momentum indicator has risen above the zero line, but a bearish close could form a two-bar reversal pattern, indicating a potential short-term correction. * Some analyses suggest that the pair holds negative signals from both short and long-term Moving Averages, indicating a more negative forecast in the short term. * Therefore, I expect the price to **go down** in the short term, potentially breaking below 1.5101 and targeting 1.5051. **Long-term (next few weeks/months):** * The EUR/CAD has decisively broken out of a multi-month price pattern, which is a bullish sign. * A break above 1.5172 could confirm a continuation higher, targeting 1.5228 and potentially reaching 1.5312. * The pair has rebounded from range support, forming a strong bullish engulfing candle on the daily chart, suggesting a promising outlook for continued upward movement. * Therefore, I expect the price to **go up** in the long term, potentially reaching the targets mentioned above. Please note that these are just predictions based on the analysis, and the actual market behavior may differ. Result: ST=Down LT=Up Analysis Method(2) Based on the analysis provided, here is my assessment of the EUR/CAD currency pair's potential price movement: **Short-term analysis (next few days to a week):** * The recent breakout above 1.5172 and the bullish engulfing candle on the daily chart suggest a potential uptrend. * The MACD momentum indicator rising above the zero line also supports a bullish outlook. * However, there is a risk of a "false" breakout, and if the price breaks below 1.5101, it could lead to a move down to 1.5051. * Given the recent breakout and bullish indicators, I expect the price to **go up** in the short term, with a target around 1.5200. **Long-term analysis (next few weeks to a month):** * The EUR/CAD pair has broken out of a multi-month consolidation pattern, which could lead to a sustained uptrend. * The Fibonacci price projections suggest potential targets at 1.5228 and 1.5312, which could be reached in the long term. * However, the alternative scenario of a Double Top bearish reversal pattern cannot be ruled out, and a break below 1.5101 could lead to a move down. * Considering the breakout and the bullish indicators, I expect the price to **go up** in the long term, with a potential target around 1.5312. **Staying the same:** * The current trading range of $1.48 and $1.51, with support at $1.46 and resistance at levels such as $1.47 and $1.48, suggests that the price could remain range-bound if it fails to break out of this range. * However, given the recent breakout and bullish indicators, I do not expect the price to **stay the same** in the short or long term. Overall, my analysis suggests that the EUR/CAD pair is likely to go up in both the short and long term, with a potential target around 1.5200 in the short term and 1.5312 in the long term. Result: ST=Up LT=Up Longby orbborisson1
EURCAD_101 2024.11.07 13:04:03 Trading Signal BUYFrankPro Signal for EURCAD_101 Type: Screen Signal: BUY TP: 1.50013 SL: 1.49551 Entry Price: 1.49617 Analysis for EURCAD Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Up ST=Up LT=Up Analysis Method(0) Based on the provided analysis, I will provide separate assessments for short-term and long-term expectations for the EUR/CAD currency pair. **Short-term (next few days to a week):** Given the recent reversal from the key resistance level of 1.5160 and the formation of a Dark Cloud Cover pattern, the pair is likely to fall to the next support level at 1.5100. The overbought daily Stochastic also supports this bearish outlook. However, if the pair breaks above 1.5172, it could confirm a continuation higher. Considering the uncertainty and the dual potential scenarios, I would say that the price is expected to **go down** in the short-term, but with a possibility of a breakout above 1.5172, which could change the direction. **Long-term (weeks to months):** The decisive breakout above the slanting roof of a multi-month price pattern and the bullish MACD momentum indicator support a long-term bullish outlook. If the price follows through higher, it could make a significant advance, targeting 1.5228 and then 1.5312. However, a bearish close could form a two-bar reversal pattern, indicating a temporary deeper correction. Considering the overall analysis, I would say that the price is expected to **go up** in the long-term, but with a possibility of temporary corrections. **Staying the same:** Given the current uncertainty and the dual potential scenarios, it's unlikely that the price will stay the same in the short-term or long-term. The analysis suggests that the pair will either break out above 1.5172 or fall to the next support level at 1.5100, and then potentially continue its move in the same direction. Result: ST=Down LT=Up Analysis Method(1) Based on the analysis, here are my conclusions: **Short-term (next few days/week):** * The breakout above the upper trendline of the pattern could be "false" and the pair might form a Double Top bearish reversal pattern. * The MACD momentum indicator has risen above the zero line, but a bearish close could form a two-bar reversal pattern, indicating a potential short-term correction. * Some analyses suggest that the pair holds negative signals from both short and long-term Moving Averages, indicating a more negative forecast in the short term. * Therefore, I expect the price to **go down** in the short term, potentially breaking below 1.5101 and targeting 1.5051. **Long-term (next few weeks/months):** * The EUR/CAD has decisively broken out of a multi-month price pattern, which is a bullish sign. * A break above 1.5172 could confirm a continuation higher, targeting 1.5228 and potentially reaching 1.5312. * The pair has rebounded from range support, forming a strong bullish engulfing candle on the daily chart, suggesting a promising outlook for continued upward movement. * Therefore, I expect the price to **go up** in the long term, potentially reaching the targets mentioned above. Please note that these are just predictions based on the analysis, and the actual market behavior may differ. Result: ST=Down LT=Up Analysis Method(2) Based on the analysis provided, here is my assessment of the EUR/CAD currency pair's potential price movement: **Short-term analysis (next few days to a week):** * The recent breakout above 1.5172 and the bullish engulfing candle on the daily chart suggest a potential uptrend. * The MACD momentum indicator rising above the zero line also supports a bullish outlook. * However, there is a risk of a "false" breakout, and if the price breaks below 1.5101, it could lead to a move down to 1.5051. * Given the recent breakout and bullish indicators, I expect the price to **go up** in the short term, with a target around 1.5200. **Long-term analysis (next few weeks to a month):** * The EUR/CAD pair has broken out of a multi-month consolidation pattern, which could lead to a sustained uptrend. * The Fibonacci price projections suggest potential targets at 1.5228 and 1.5312, which could be reached in the long term. * However, the alternative scenario of a Double Top bearish reversal pattern cannot be ruled out, and a break below 1.5101 could lead to a move down. * Considering the breakout and the bullish indicators, I expect the price to **go up** in the long term, with a potential target around 1.5312. **Staying the same:** * The current trading range of $1.48 and $1.51, with support at $1.46 and resistance at levels such as $1.47 and $1.48, suggests that the price could remain range-bound if it fails to break out of this range. * However, given the recent breakout and bullish indicators, I do not expect the price to **stay the same** in the short or long term. Overall, my analysis suggests that the EUR/CAD pair is likely to go up in both the short and long term, with a potential target around 1.5200 in the short term and 1.5312 in the long term. Result: ST=Up LT=Up Longby orbborisson2
EURCAD and end of day recoveryEURCAD to recover after a wickdown fake breakdown of channel, fake breakdown of vwap from 6 Nov 2024 swing low and fake breakdown of support USD longs to retrace gains benefiting eur EUR and CAD were beaten down for the day, time for retrace etc What do yall think?Longby FableHartUpdated 1
EURUCAD TODAYEURUCAD TODAY for me is bearish. Structure is for sell I expect 1:1 target More on telegramShortby xMastersFXUpdated 223
EURCAD - LONG - BUYLooking to buy after the break above 1.48270 on the 1HR TF, and will consider partial buying. Buying strategy involves waiting for the break above 1.48200 and retest of the lows. Observed rejection off the liquidity zone. Buying only after the break below the HMA and the retest of the liquidity zone. The break abovethe HMA has already happened. **This is solely my trading strategy and not financial advice.** **Please trade with proper risk management.**Longby MOGBEBORUpdated 1