EURCAD CHART ANALYSISBase on my ideas, EURCAD hits a 4H poi so am expecting a buy from that zone, and if the zone should fail, that mean we are to be buying from extreme poi, with some other confirmation.
Trade ideas
A possible short-term bullish set-up on EURCAD?Well, it seems that FX_IDC:EURCAD could be forming either a bullish pennant, or a falling wedge pattern in the near-term. Both patterns tend to result in a bullish breakout. However, we still require a confirmation. Without it, there is still a chance to see a move lower.
MARKETSCOM:EURCAD
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Trend continuation?Watching near term range for a break and close above 1.5820 to then open the doors towards 1.5880 - 1.5950
EURCAD Bullish Breakout!
HI,Traders !
EURCAD was trading in a
Narrowing wedge pattern
But now we are seeing a
Bullish breakout so we
Will be expecting a
Further bullish move up !
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EURCAD Swing SellI need swing traders from all the corners of the earth to assemble here. A huge opportunity is presented here by EURCAD. The trade is not active yet but keep this one on your watch list.
EURCAD BUY ENTRYeurcad buy strong signal OANDA:EURCAD
reason is 1day uptrend so 4hr retracement key level touch and retracement
EURCAD next move (expecting bearish move)(17-03-2025)Go through the analysis carefully, and do trade accordingly.
Anup 'BIAS for the mid term (17-03-2025)
Current price- 1.56500
"if Price stays below 1.57200, then next target is 1.55200, 1.54000 and 1.53200 and above that 1.58500"
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk more than 1% of principal to follow any position.
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eurcad sell tradeThe Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move
EUR/CAD For Bullishwait for pull-back near by entry point and then go long
general trend is up trend
have fun :)
BUYGod First
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Could the price bounce from here?EUR/CAD is falling towards the support level which is an overlap support that is slightly above the 38.2% Fibonacci retracement and also slightly below the 61.8% Fibonacci projection and could bounce from this level to our take profit.
Entry: 1.5548
Why we like it:
There is an overlap support level that is slightly above the 38.2% Fibonacci retracement.
Stop loss: 1.5415
Why we like it:
There is a pullback support level that lines up with the 50% Fibonacci retracement.
Take profit: 1.5697
Why we like it:
There is a pullback resistance level.
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EURCAD Will Go Lower! Short!
Take a look at our analysis for EURCAD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.562.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.534 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EURCADMy option about eurcad Is more bearish so that zone is good and strong restanice if the price comes to that zone it can pullback
EUR/CAD Sell ForecastEUR/CAD has been bullish for a couple of weeks now, and price is currently trading at weekly resistance which is likely to become a level of supply. There seems to be a bullish decline from the 4h timeframe but considering the strength of the bullish trend, we will need sufficient confluence to go short.
1. Wait for 4h break of support
2. Wait for liquidity grab into supply
EURCAD 1DThe price has stopped at a resistance area, and the daily and weekly candles have closed below it.
A divergence in RSI is evident on the 4-hour timeframe.
Look for a sell trade in the upcoming week.
Looking for price to fill the FVG and short EUR/CADPrice has had a nice BOS after the liquidity to the downside. We're looking for the retrace back to the FVG to take shorts to the previous lower liquidity levels. If you're into patterns this would be a clean "head & shoulders"!
EURCAD SHORT BIAS My bias on EURCAD is short because the market structure is forming a Higher Low, and my Fib Retracement to my 61.8 level is indicating the same bias as well
EURCAD BUY/LONGBy utilizing Fibonacci retracement levels, historical patterns, , we can formulate a hypothesis that the market might follow a similar trajectory if bullish sentiment prevails.
EURCAD Long Idea 13-03-25Looking at the technical it is a 'Buy'. This combined with the indicators Fib Retracement and Bollinger there is a good support at the -0.13 line.
Entry- 1.56242
Tp1- 1.56442
Tp2- 1.57225
SL- 1.55834
EURCAD FORECASTToday guys! We are here again with another potential which is really developing nicely EURCAD looks better from the higher timeframe, what we only wait is structure formation from the lower timeframe as the continuation of the trend. Because the higher timeframe has already painted the picture of what price can do next
So guys I wish a good trading day and God Bless!
EURCAD Wave Analysis – 12 March 2025
- EURCAD reversed from the resistance area
- Likely to fall to support level 14.20
EURCAD currency pair recently reversed from the resistance area between the long-term resistance level 1.5800 (which has been reversing the price since the start of 2020) and the upper daily Bollinger Band.
The downward reversal from this resistance area stopped the previous upward impulse wave (3).
Given the strength of the resistance level 1.5800, EURCAD currency pair can be expected to fall to the next support level 14.20.
EURCAD - Weekly Forecast - Technical Analysis & Trading IdeasOANDA:EURCAD
💡 Daily Timeframe:
As forecasted by 4CastMachine AI, The Euro also reached our TP7 at 1.5777 by breaking the resistance at 1.5156.
The broken resistance area will serve as our new support area and Buy Zone.
As long as this area is not broken down, there is a possibility of a resumption of the uptrend.
If the price enters our new buy zone with a corrective wave and is rejected from it, we will enter with buy trades.
💡 H4 Timeframe:
The bearish wave is expected to continue as long as the price is below the strong resistance at 1.5857
💡 H1 Timeframe:
The uptrend is broken, and price is in an impulse wave.
1.5729 support is broken now. It will act as a Resistance now!
Forecast:
Correction wave toward the Sell Zone
Another Downward Impulse wave toward Lower TPs
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