Overlap resistance ahead?EUR/CAD is rising towards the resistance level which is an overlap resistance that is slightly below the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.48814
Why we like it:
There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 1.5078
Why we like it:
There is a pullback resistance level that lines up with the 88% Fibonacci retracement.
Take profit: 1.45564
Why we like it:
There is a pullback support level.
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EURCAD
EUR-CAD Support Ahead! Buy!
Hello,Traders!
EUR-CAD keeps falling
Down and the pair is
Locally oversold so after
The pair hits the horizontal
Support of 1.4550 we will
Be expecting a local bullish
Correction and a move up
Buy!
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EURCAD Massive Long! BUY!
My dear subscribers,
My technical analysis for EURCAD is below:
The price is coiling around a solid key level - 1.4677
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.4821
My Stop Loss - 1.4623
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
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WISH YOU ALL LUCK
EUR/CAD BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are going long on the EUR/CAD with the target of 1.489 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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eurnzd h2 long/short +200/+400 pips swing trade plan🔸Hello traders, let's review the 2hour chart for EURNZD today.
Rangebound trading condition recently, currently expecting a re-test
of the mirror S/R resistance overhead and then sellers will take over
from the resistance.
🔸Key levels for EURNZD traders: 7860 s/r bulls, 8050/60 s/r bears,
7659 mirror s/r bulls level will get re-tested by the bears for liquidity.
🔸Recommended strategy for EURNZD traders: the sequence
is long/short so you want to buy low off the s/r bulls at 7860 SL 40
TP +200 pips, this is the bounce play / re-test of the mirror s/r bears
at 8050 then flip short at/near 8050+-10 pips SL 50 pips TP1 +200
TP2 +400 pips final exit bears at mirror s/r at 7650. this is a swing
trade setup, patience required. good luck traders!
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Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
EURCAD - Potential short !!Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled and rejection from bearish OB + level 1.49000.
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EUR_CAD RESISTANCE AHEAD|SHORT|
✅EUR_CAD will be retesting a resistance level around 1.4900 soon
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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EURCAD GONE !The EUR/CAD currency pair has recently shown an upward trend driven by divergent monetary policies, with the European Central Bank maintaining a hawkish stance while the Bank of Canada adopts a more cautious approach, increasing euro demand. Declines in oil prices have weakened the Canadian dollar, given Canada's reliance on oil exports. Technical indicators reveal breaches of key resistance levels, signaling sustained bullish momentum. Traders should monitor economic data, oil price trends, and central bank communications closely to adjust their strategies accordingly.
Heading into pullback resistance?EUR/CAD is rising towards the pivot and could reverse to the 1st support.
Pivot: 1.48819
1st Support: 1.47444
1st Resistance: 1.49827
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EUR/CAD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are now examining the EUR/CAD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1.472 level.
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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
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
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EURCAD - 4hrs ( Sell Trade Target Range 240 PIP ) 🟢 Pair Name :EUR/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Short )
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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 Golden
EURCAD Range Buy Opportunity!EUR/CAD is currently at a key support level within a consolidation range. The pair has been bouncing between support and resistance, offering multiple trade opportunities. With price holding steady at the lower boundary, this could be a great chance to buy, targeting the top of the range. Keep a stop-loss just below support to limit risk in case of a breakout.
EURCAD Will Move Higher! Buy!
Here is our detailed technical review for EURCAD.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.497.
Considering the today's price action, probabilities will be high to see a movement to 1.503.
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.
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