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Eurcadsell

EURCAD I Trend line break and now bearishWelcome back! Let me know your thoughts in the comments! ** EURCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
3
EURCAD LONG TERM SELLING TRADEHello Traders In This Chart EURCAD HOURLY Forex Forecast By FOREX PLANET today EURCAD analysis 👆 🟢This Chart includes_ (EURCAD market update) 🟢What is The Next Opportunity on EURCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
Long
by ForexPlanet20
EURCAD HUGE Potential BEARISH Reversal! - READ ALLWelcome back, fellow traders, to another exciting analysis session! Today, we're going to dive deep into the intriguing world of the EUR/CAD pair and explore the confluences and indicators that are painting a compelling bearish picture on multiple timeframes. Confluence Across Multiple Timeframes As seasoned traders, we know that the key to successful analysis lies in identifying confluences across various timeframes. The EUR/CAD pair has certainly caught our attention, as it exhibits a remarkable alignment of signals across the monthly, weekly, daily, 4-hour, and 1-hour timeframes. This convergence alone suggests that significant market movements could be on the horizon. Breaking the Resistance Barrier One undeniable factor that has our attention is the repeated breaking of bearish resistance levels. Our meticulous analysis has revealed an impressive 10 instances where the EUR/CAD pair has pierced through these resistance barriers. This persistent behavior signals a potential shift in sentiment and an eagerness among sellers to push the pair into lower territories. Support Turned Constriction The concept of consolidation is a fascinating one, especially when we observe that the EUR/CAD pair has broken through previous support levels on not just one or two occasions, but five distinct instances. Such behavior raises eyebrows and prompts us to consider whether this frequent breach of support zones could indeed be a precursor to a larger bearish move. Candlestick Patterns and Their Insights Candlestick patterns are the language of the market, and right now, they're whispering an intriguing narrative. The presence of candlestick patterns that align with a potential bearish trend cannot be overlooked. These visual cues, scattered across the charts, are like breadcrumbs leading us toward the potential future movement of the pair. The Bearish Trendline Ah, the trendline – a trader's trusty companion. Our meticulous chart scrutiny has unveiled a bearish trendline, offering an additional layer of evidence to support our hypothesis. The consistent adherence to this downward-slanting trendline, combined with other confluences, serves as a powerful reminder that the market sentiment might indeed be tilting towards a bearish outlook. Support Tests and Higher Highs It's important to acknowledge that the EUR/CAD pair hasn't shied away from flirting with support levels multiple times. Even in the face of higher highs, the repeated touches on these support zones can't be dismissed. However, the strength of our analysis comes from the holistic view, taking into account the broader context and various indicators. The Holistic Bearish Scenario Drawing all these threads together, a comprehensive picture emerges. The EUR/CAD pair is displaying an array of bearish indicators across multiple dimensions – from the confluences on different timeframes to the persistent breach of bearish resistance and support levels, complemented by the whispers of the candlestick patterns and the guiding trendline. While the market is always full of surprises, our analysis points undeniably towards a possible bearish trajectory. In conclusion, fellow traders, the confluence of evidence we've uncovered cannot be ignored. As always, it's crucial to approach the market with a blend of caution and excitement. While no analysis can predict the future with absolute certainty, the amalgamation of signals we've discussed today should certainly give us pause and prompt us to tread carefully in the EUR/CAD landscape. Happy trading and may the markets be ever in your favor! FX:EURCAD OANDA:EURCAD FOREXCOM:EURCAD PEPPERSTONE:EURCAD EIGHTCAP:EURCAD SAXO:EURCAD CAPITALCOM:EURCAD BLACKBULL:EURCAD ACTIVTRADES:EURCAD EASYMARKETS:EURCAD VANTAGE:EURCAD
Short
by harfi7520
EURCAD - Add new short ✅Hello traders! ‼️ This is my perspective on EURCAD. Technical analysis: As I said in my previous analysis here price continue bearish price action, now I add new short position as price filled the imbalance and rejected from bearish order block + institutional big figure 1.46000. Fundamental analysis: Next week on Friday will be released Unemployment Rate on CAD and if the result is positive it will support our analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
EURCAD Long A minor pause on the cardsEUR/CAD is approaching a major converged cushion on the 200-day moving average and a horizontal trendline from January at about 1.4235. Oversold conditions point to a minor bounce, but it may not sustain for long given the recent fall below the 89-day moving average and the Ichimoku cloud on the daily chart. Any break below 1.4235 could expose downside risks toward 1.4000. On the top side, the late-May high of 1.4650 would be tough to crack. The Canadian dollar may have just received the boost to extend gains against some of its peers, thanks to the Bank of Canada’s (BOC) hike on Wednesday. BOC hiked its overnight rate to a 22-year high of 4.75%, saying “concerns have increased that CPI inflation could get stuck materially above the 2% target.” The central bank, however, dropped the April language saying it “remains prepared to raise the policy rate further”, making it more data dependent. Markets are pricing in another rate hike in July, with the terminal rate seen at 5.15% by the end of the year.
Long
by DaveBrascoFX
1
EURCAD - Bearish continuation ✅Hello traders! ‼️ This is my perspective on EURCAD. Technical analysis: After the change of character here I see price to continue bearish price action as we can see that the imbalance was almost filled and the price rejected from institutional big figure 1.49000. Fundamental analysis: Next week we have news on EUR and CAD. On Thursday will be released Interest Rate on EUR, followed by ECB Press Conference and on Friday monthly GDP on CAD, that was forecasted to increase, this means strength in currency, which can support our analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
4
EURCAD - SHORTThere is a major break looming in this pair! Not that the Loonie by itself would be the end-all but as part of NAFTA it ought to vaporize the Euro rather effortlessly - just at it's been doing to the Aussie already, for quite a while now. (Now, if they just got rid of their neo-Marxist government and US-esq, deranged, monetary mismanagement ... ;-) On the long run, the CAD is in the position to be a valid alternative to the USD for Dollar bulls. (... of whom I am one.)
Short
by Nemo_Confidat
2
EURCAD - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on EURCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to make the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.44000. Fundamental analysis: Next week on Wednesday will be released Interest Rate on CAD which is forecasted to increase by 0.25%, this means strength in currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
6