EURCAD 25 Nov analysisEUR/cadis experiencing mixed momentum, influenced by both technical levels and ongoing fundamental developments in the Eurozone and UK economies. Here's the forecast for the week ahead:
EURCAD trade ideas
EURCAD shortShorts on EURCAD could be a nice play depending on how we approach our supply zone. I have 3 zones currently marked out but the first one was a previous structure point and had a little bit of accumulation so I have a higher confidence in that one holding. Will be waiting for lower timeframe entry after price arrives at the zone.
Shorting EURCAD: From Eiffel Tower to Canadian Beaver Tails- Your One-Way Ticket to Profits LOL
The Eurozone's got more cracks than a sidewalk after a monster truck rally. Seriously, their economy's shakier than a chihuahua with a sugar rush.
Canadian loonie's about to get stronger than a hockey player after a double-bacon poutine. Get ready for the maple syrup to flow like profits into your account!
Europe's on vacation mode, but their currency ain't invited. While they're sipping piña coladas, the loonie's gonna be working overtime, leaving the Euro in the dust.
Shorting EURCAD is like betting on a snail race against a cheetah. It's pretty much a guaranteed win (unless that snail has a hidden jetpack, which, let's be honest, is unlikely).
Imagine all the maple syrup-flavored Lamborghinis you can buy with your EURCAD short profits! Okay, maybe not Lamborghinis, but definitely enough poutine to make your taste buds do a happy dance.
So there you have it, folks. Shorting EURCAD is a recipe for financial fun (and maybe a slight case of diabetes from all the poutine you'll be eating). But hey, winning trades and delicious Canadian treats? Sounds like a sweet deal to me!
EURCADthis pair has been in strong down trend in 4h, 1h, and 15 min time frames. I am putting an order here for a short position
EURCAD - Bearish TradePrice is moving in bearish trend with descending channel.
Entry will be at Fib retracement 0.5 (1.47507) with SL above Lower high.
EUR/CADLovely play to the downside as price broke back below the hook point and gave a H1 continuation. I took this on the break of the continuation in which this hit my TP for +12%.
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
EURCAD TODAYEURCAD TODAY is still bearish
I expect retest and go more down
I'm not in trade now, just wait for entry
EURCAD LongCOT report
EUR long position increasing and short decreasing
CAD Long decreasing and short increasing
Seasonal : Bullish in NOV
Possible trigger : 22-11-24 to 27-11-24
Double bottom reversal Pattern ?
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.
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.
✅LIKE AND COMMENT MY IDEAS✅
eurcad sell
The trade occurred perfectly following the trend in h4, corroborating confluence in h1 and entering m15
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❤️
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!
EURCAD Falling | Long Zones To NoteStrong short side momentum straight back into areas of previous rejection naturally lowers the chance of a rebound.
In these instances, it's ideal to stretch out future long side entries as depicted.
EURCAD Short Term Sell IdeaH4 - Bearish trend pattern followed by a pullback
Until the two strong resistance zones hold my short term view remains bearish here.
#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
eurcad sell
-h4 is in a resistance and formed a lower high
-h1 crossed ema 21 to ema 50 and drew fibonacci rejects level 61.8 and the trend is bearish
-m15 entry in engulfin candle
sl 20 pips
tp1 26 pips
tp2 48pips
EURCAD FORECASTThis pair is looking very good to drop, I love the way the price is looking from the higher timeframe, building that solid reasoning before placing a trade. Let's look it with a close eye!
EUR\CADEC bouncing off strong horizontal support 1.47800 after a nice bullish continuation struture has formed.
EURCADThere needs to be a pattern similar to the red scrabble i have drawn here to give me a signal for sell this pair.
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.
