#EUR #CAD Short Set UpWe had a double top with bearish divergence and neckline was broken. Taking a short at current price 1.49402
Entry 1.49402
Stoploss1.49685
TP-1 1.49119
TP-2 1.48836
CADEUR trade ideas
EUR_CAD WILL KEEP GROWING|LONG|
✅EUR_CAD keeps growing
And the pair made a breakout
Of the key level of 1.4900
Which is now a support and
Then made a pullback, a retest
And a rebound so we are now
Bullish biased and we will be
Expecting a further bullish
Move upwards
LONG🚀
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EURCADEURCAD has formed inverted Head and Shoulder. As the buyers are getting bids with this confluence.
If the sell pressure resumes and buyers gets active the optimum target will be 1.5200
What you people think of this idea ?
EURCAD Buy ForecastEURCAD New forecast👨💻👨💻
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EURCAD is in a Bullish Pattern After Testing daily SupportHello Traders
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EUR/CAD - Weekly Analysis"On Monthly:
200, 50 and 20 EMA are showing Bullish move as the overall move indicates.
Price moving back down to test 1.47140 another Psychological Support , but it didn't reach and pulled back up.
It seems it's moving up toward 1.52000 a psychological resistant.
-- On Weekly:
Two solid Bullish candle revered the bearish attempt and price is moving towards 1.5070. All three EMAs, 200, 50 and 20 (RGB) are on order supporting Bullish move.
--On Daily:
The inverted Head & Shoulders has broken neck and Bullish move is going full steam.
All three EMAs, 200, 50 and 20 (RGB) not sequentially, but they are supporting bullish move.
-- On Hourly:
it seems, it has created Rising Wedge, showing exhaustion of Bullish move.
Additionally, RSI is clearly showing a great Divergence for Bearish reversal despite the all three EMAs, 200, 50 and 20 (RGB) supporting Bullish move."
EUR/CAD - My projectionI think that this is what will happen to EUR/CAD. It could bounce up further finding resistance at the previous resistance but could also be forming a new support and resistance from the break low. Resistance could be current price. I think that this is the case for this weeks open.
Watch for the price to decide direction then make your play responsibly.
#EURCAD Daily Forecast we see still eurcad bullish trend . market mitigage weekly OB & then Daily OB point now again Break Low point and give us FVG so we will wait for Confirmation and then we will enter for a trade when market reach in our Daily FVG .
Potential Long Opp on EURCADSome confluences telling me this pair will rise.
- RSI divergence on H1
- Validated trend line on H4 broken
- RSI overbought on H1 and H4 which will cause price to retest blue highlighted area.
What do you think?
eurcad4H time frame now price is near strong horizontal resistance bias is bearish target price is 1.48033
SELL EURCADLooking to sell EURCAD here after this clear bearish flag pattern. Waiting for the market to turn around to sell.
EURCAD Wave Analysis 6 December 2024
- EURCAD broke resistance zone
- Likely to rise to resistance level 1.5000
EURCAD currency pair recently broke the resistance zone located between the resistance level 1.4865 (which has been reversing the pair from the middle of November) and the 50% Fibonacci correction of the downward impulse wave C.
The breakout of this resistance zone accelerated the active intermediate impulse wave (C).
Given the clear daily uptrend and the strongly bearish CAD sentiment seen today, EURCAD currency pair can be expected to rise toward the next round resistance level 1.5000.
EURCAD Is Bearish! Sell!
Take a look at our analysis for EURCAD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.485.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.478 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.
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Could the price reverse from here?EUR/CAD is rising towards the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 1.48732
Why we like it:
There is an overlap resistance level.
Stop loss: 1.49841
Why we like it:
There is an overlap resistance level that lines up with the 127.2% Fibonacci extension.
Take profit: 1.47316
Why we like it:
There is a pullback support level.
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EUR-CAD Resistance Ahead! Sell!
Hello,Traders!
EUR-CAD keeps growing
But a horizontal resistance
Level ahead at 1.4890
From where we will be
Expecting a local pullback
And a move down
Sell!
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TRADE ON EUR/CAD, TREND ANALYSISHere EUR/CAD is in accumulation phase in 4H TF, trend line has been broken, box breakout is about to happen and green candle has been closed on EMA.
30pips tp have been hit Good trade, and price will make new high after pullback, watch out for it and ensure to time your entry correctly
Bearish on $EURCAD1. We have a run on stops
2. We have price beyond 50% on the daily chart
3. We are currently on the daily chart orderblock
4. We are selling off from the mitigation block
EURCADEURCAD
This is my point of view today
Help me if there is a mistake
Or tell me your point of view
EURCAD shortMy favorite 200dma stands on guard as I attempt to short this down to the next support.
This is not a trade recommendation, it is merely my own analysis. If you decide to trade this, you should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
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TradeCityPro | EURCAD Analysis Reaching the Daily Box Target👋 Welcome to the TradeCityPro channel!
Let’s dive into the forex market and analyze this popular pair, outlining key triggers for trading this week.
🌍 Fundamental Overview
EURCAD reflects the economic interplay between the Eurozone and Canada, influenced by:
🇪🇺 Eurozone Fundamentals (EUR):
ECB Policies: The European Central Bank's monetary stance (hawkish or dovish) significantly impacts the Euro’s strength.
🇨🇦 Canadian Dollar Fundamentals (CAD):
Oil Prices: CAD is sensitive to oil fluctuations due to Canada’s major oil exports. Rising oil prices typically strengthen the CAD.
Geopolitical tensions, trade balances, and global risk sentiment often sway EURCAD. The Euro acts as a reserve currency, while the CAD is risk-sensitive.
🕒 4-Hour Time Frame
1.4888 is the critical resistance, marking the top of the daily box (1.4888–1.5171). After breaking this level, the pair hit its target at 1.4556, a significant support level. The rejection at this resistance highlights its importance.
The 1.4731 level, broken yesterday but reclaimed today, offers a potential trigger for entries.
📉 Short Position Trigger
clear short trigger exists below 1.4731. Breaking this support could lead to further downside, targeting 1.4556.
📈 Long Position Trigger
While momentum-driven long entries are possible if the RSI enters overbought, a more reliable entry comes from consolidating within the current range or forming higher highs and lows.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
