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EURCAD trade ideas

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 ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EUR/CAD Sellers Target Key Weekly Support Amid Weak Euro SentimeTechnical Analysis On the daily chart, EUR/CAD continues its downward movement after breaking out of a mild descending channel. Sellers have driven the price to the one-week low of 1.47112, reinforcing the current bearish sentiment. If sellers succeed in breaking through this key level, further downside targets are likely, with immediate supports at 1.46626, 1.46372, and ultimately at 1.46007. The presence of divergence between the Bollinger Bands, coupled with momentum oscillators pointing lower, clearly indicates that bearish forces dominate the market for the time being. However, if the price finds support at 1.47112 and bounces higher, resistance levels will come into play at 1.47795, followed by the major ceiling at 1.48900. A sustained break above 1.48900 would shift the broader outlook to bullish, signalling the potential end of the current downtrend. Key Events to Watch Investors will be closely watching Canadian inflation data related to raw material prices, which is expected to show a decline of 1.5% in October. Should the data surpass expectations, it could strengthen the Canadian dollar further, amplifying the downside pressure on EUR/CAD. Meanwhile, in Europe, speeches from ECB Governing Council members Elderson and Lane are scheduled, which could introduce some volatility for the euro.
Short
by Errante
EURCAD Poised for a Rebound From The Support ZoneEURCAD Poised for a Rebound From The Support Zone Yesterday, the price broke down from a Head and Shoulders pattern, moving down nearly 100 pips. EURCAD is about to test a strong support zone near 1.4700 - 1.4720. The support zone and an empty Economic Calendar could provide an advantage for the price to rise again, as shown on the chart. Targets based on the structure zone are: 🎯 1.4765 🎯 1.4792 🎯 1.4830 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
4
EURCAD: Bearish Momentum in PlayHello Traders, Trust trading has been awesome for you. Please find below my analysis of the EURCAD currency pair from H4 perspective. Trend & Sentiment The pair remains bearish, forming lower highs and lows. Sellers maintain control, though the current consolidation suggests temporary indecision, even though price is facing resistance around the 1.48591. Key Levels: Resistance: 1.48591 Support: 1.47211 Possible Movement A break below the equilibrium at 1.47993 could accelerate bearish momentum toward 1.47211 and 1.45831. A short-term pullback to the resistance at 1.48591 is possible (as we saw the buyers temporarily pushed above this region and closed back below it) but likely to face renewed selling pressure. Short-Term Target: 1.47800 Medium-Term Target: 1.47211 Long-Term Target: 1.45831. This trade may last from now till 22nd November or beyond to fully unfold. Conclusion The bias remains bearish, with a focus on the downside targets unless the price breaks above 1.48898 to challenge the trend. Cheers and happy trading!
Short
by Samuel124
#004 DCA EURCAD SHORTI just woke up from my hour-long nap and I was awoken from the alert that I set on TradingView regarding my TP level getting hit. It was on a previous trade on the GBPCHF short which netted me about 40cents SGD. After the alert, I began looking for setups passively, and scrolling through the Daily Time Frame somewhat, and I saw that EURCAD was dumping, I checked if the 4H, 1H and 15 minutes are aligned with the 60SMA and they are all aligned. Infact, the 15 Minutes Time Frame's current candle is dumping and I entered on a sell market immediately for 100 units (0.001 lot) with no stop loss. I proceeded to set all my other sell limit orders for if price goes against me, so that I could sell into my losses. I am an agent, if someone wants to offload their goods and I can handle that load, I'll do it. LIkewise, if I am offloading and someone on the other end is able to handle it, they will take over my goods. Of course, all is subject to availability of agents, as well as commissions that would affect our final price. I think, taking strong dumps or pumps are better than taking price action that is lukewarm like GBPCHF, even though I took profit with it quickly with as little pain as possible, however, I still prefer price action that moves strongly. So, for now, this is it. I am going to prepare to go out and get my dough through food delivery apps. 1743SGT 19112024
Short
by ProfessionalDuckHunter
EURCAD Wave Analysis 19 November 2024 - EURCAD reversed from resistance level 1.4885 - Likely to fall to support level 1.4750 EURCAD currency pair recently reversed down from the resistance level 1.4885 (which is the lower border of the wide sideways price range inside which the pair has been trading from July, acting as the resistance after it was broken earlier). The downward reversal from the resistance level 1.4885 stopped the previous intermediate ABC correction (2) from the end of last week. Given the strongly bearish euro sentiment seen today, EURCAD currency pair can be expected to fall to the next support level 1.4750.
Short
by FxProGlobal
1