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!
EURCAD is poised for the convergence of its trend line and resistance line, suggesting the potential for a breakout. It appears likely that one or both of these lines will be breached, potentially leading to the continuation of EURCAD's bullish trend in the days ahead.
Certainly, here's a summary of support and resistance with key points: 1. **Support:** - Support is a price level where buying interest typically emerges, preventing the price from falling further. - It indicates a zone where demand for the asset outweighs the selling pressure. - Traders often see support levels as opportunities to buy or enter long...
Certainly, here's a summary of support and resistance with key points: 1. **Support:** - Support is a price level where buying interest typically emerges, preventing the price from falling further. - It indicates a zone where demand for the asset outweighs the selling pressure. - Traders often see support levels as opportunities to buy or enter long...
✅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!✅
EURCAD gives breakout of LH indicate that bearish trend end (bullish trend start) also bullish divergence gives confluence that buyers are active. We can attempt to buy at breakout of LH by placing buy stop . SL , TP mention in chart.
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.
Here I have EurCad on the M30 Chart EurCad may look pretty bearish we have strong levels , If the resistance is'nt broken, we can expect a down trend
The pair has moved up quite a bit, and we are at a cross-road. Stochastic is turning negative and its high level, and we are Keltner upper levels and slight above GANN but not convincing. Strategy SELL @ 1.4685-1.4705 and take profit @ 1.4567 and place SL above 1.4757.
Following are the reasons to take the trade: Uptrend Ascending Channel Price crossing HH
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...
The reason is the Weekly Timeframe is currently bullish so is the daily timeframe, We can also see that price is currently on a strong Daily support zone. I believe it will push further long
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...
EURCAD is making new higher high and new higher low , following DOW theory. And it didn't show any diversions on RSI indicator.
EURCAD is making higher and higher low. It may continue its bullish trend.
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...
Fundamentals & Sentiment EUR: There was a lower than consensus Inflation data and a bad Unemployment print. I use these as triggers for a short-term momentum trade. CAD: Canadian economy is doing better than EU based on the main economic indicators. CAD is undervalued based on a few market internals (not EURCAD pairs though) Technical & Other Setup:...
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