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Eurcadanalysis

EUR/CAD Multi-Time frame analysisHi Traders EUR/CAD Multi-Timeframe analysis H1 Chart (Bearish) A medium probability, entry signal to go SHORT will be given after the completion of a bearish trend reversal on the lower time frame at 1.46867 after the market found resistance at 1.47157 . Only the upward break of 1.47157 would cancel the bearish scenario. Support & Resistance 1.46686 1.47146 1.46415 1.47270 1.45955 1.47431 H4 Chart (Bullish) The completion of a trend reversal formation at 1.47288 has forced us to close our position earlier than we had planned. Now we are looking for the next opportunity to enter the market. Support & Resistance 1.47410 1.47757 1.46415 1.47997 1.45810 1.48992 Daily Chart (Bearish) The completion of a trend reversal formation at 1.47607 has forced us to close our position earlier than we had planned. Now we are looking for the next opportunity to enter the market. Support & Resistance 1.47237 1.48156 1.45810 1.52092 1.44426 1.53833 Weekly Chart (Strong Up) Waiting for a retracement higher towards the 1.47237 resistance level in order to reinstate SHORT positions. Next important resistance is the 1.50518 level. Support & Resistance 1.45810 1.47237 1.44478 1.50518 1.42626 1.51914
Short
by ANGBlack
EURCAD: very nice short opportunity on 15mHi Traders, This is my view on this pair for the next few days. #EURCAD SELL 1.472 SL 1.474 TP 1.46 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Pietro from Trading Kitchen
Short
by kitchen_trading
EURCAD, daily tf, elliott wave forecast of wave-IV and wave-VAs you can see price completed wave-III with the all 5 sub waves. I assume wave-III is completed because waves-5 stopped exactly at 127.2 fibonacci of wave-4. Notice also it hit the support of this downward channel and bounce back up. For now, i think we could see upwards movement to complete wave-IV before another leg to the downside. Buy EURCAD 1.4630-40 Stop loss 1.4530 Take profit 1.5130 (5R) Use only 1-2% risk Good luck After we complete the upwards movement we will then sell again this pair. The target for this pair sell positions is not determined yet because it will be depend on this wave-IV correction length. For now we will assume that wave-IV can retrace towards 50% fibonacci level. As for our stop loss it will be at wave-I area. We will update when we start selling this pair.
Long
by HayatoDragonFX
EURCAD foaming bearish pennantsHello Guys Welcome back to another profit week If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. EURCAD in a bearish pennants, the price is still consolidating more buyers or sellers usually decide to jump in on the strong move, forcing the price to bust out of the pennants formation , I think there will be a buy entry for long , lets watch together Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profit week guys
Short
by Bexi03
EURCAD: possible LONG setup on DailyHi Traders, This is my view on this cross for the next few days. #EURCAD Wait for the bullish environment to be confirmed, the structure to be broken and retested. After that, you can go Long BUY 1.50530 SL 1.488 TP 1.54 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Pietro from Trading Kitchen
Long
by kitchen_trading
EURCAD Will Continue Its BEARISH Movement!!After seeing a great BEARISH movement, EURCAD managed to make a substantial BULLISH retracement followed by a BEARISH continuation. If we look at today candle, we see a great BULLISH candle which I classify it as a "deception" candle. This candle form as a short term retracement candle for EURCAD and retest the broken level. I will be expecting a BEARISH continuation till the support at 1.4470. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
1
EURCAD - BEARISH BIAS===== MARKET OUTLOOK ===== EUR - BEARISH 1️⃣ Eurozone preliminary GDP for Q1 of 2021 show the bloc is still in recession despite a little better than expected data. The bloc entered a double-dip recession in Q1, as COVID-19 lockdowns continued to hammer the services industry. CAD - BULLISH 1️⃣ Bank of Canada leaning towards a more hawkish message such as CAD. The loonie also was supporting by rallied oil prices. 2️⃣ Canada has started to expand its vaccine distribution, currently vaccinating as many individuals as the United Kingdom and the United States every day. This helps to bolster the Canadian economy positive growth narrative. ===== TECHNICAL ===== - We're shorting this pair at SBR on M15 chart. This is short term trading strategy from Monsun Asia. - Risk reward ratio is 2:1.
Short
by MonsunAsia
EUR/CAD SELL IDEAHey tradomaniacs, welcome to another free trading-setup. Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation! EUR/CAD: Day-Swingtrade-Preparation Market-Sell: 1.49560 Stop-Loss: 1.50490 Point of Risk-Reduction: 0.71920 Take-Profit: 1.47350 Stop-Loss: 90 pips Risk: 0,5% -1% Risk-Reward: 2,50 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Short
by Trading2ez
EURCAD: nice intraday short opportunity on 15mHi Traders, This is my view on this pair for the next few days. #EURCAD SELL 1.50195 SL 1.5047 TP 1.4939 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Pietro from Trading Kitchen
Short
by kitchen_trading
EURCAD H1 Bullish Sentiment Towards Big Figure 1.51 & 1.52EURCAD after the BOC statement , took a nose dive towards 1.5 , rejected at 1.5 and 200 DMA, tried to make another push and broke the 200DMA however buyers came in fast at 1.5 again at the late yesterday session and once again rejected mildly at 1.5 . Today Asia session tried another mild push down, but once again rejected at 1.5 at the price which is higher then yesterday low. The price was able to broke through up the 200DMA strongly. Hence the sentiment for short term is bullish. The resistance would be at 1.51 area which is also yesterday's high area. Piercing through this area, the next target would be 1.52 area, this week's high.
ELong
by neverGiveUpNewbie