The EURCAD pair has been steadily rising since the beginning of the year. After a brief stall at the 1.48 weekly resistance, which was broken last month, we have seen a drop and retest of this level, now acting as support. Price has already surpassed last month’s high this week. So, what’s next? The most logical next target for bulls is the 1.50 resistance, a...
EURCAD - Classic bearish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Short EURCAD Entry - 1.4879 Sl - 1.4909 Tp - 1.4826 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Hello,Friends! EUR/CAD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 6H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.481...
My dear friends, Please, find my technical outlook for EURCAD below: The price is coiling around a solid key level - 1.4860 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.4822 Safe Stop Loss - 1.4888 About Used Indicators: The...
EURCAD has a nice potential to drop lower after a false violation of a key horizontal resistance. The price just formed a strong bearish imbalance, confirming a bullish trap. I think that the pair may keep falling to 1.4847 support. ❤️Please, support my work with like, thank you!❤️
Hello,Traders! EUR-CAD is going up But the pair will soon Retest a horizontal Resistance level of 1.487 From where we will Be expecting a Local bearish pullback Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Script currently trading in the bullish zone and printing higher highs, we found this as an opportunity for a quick short scalping and identified the levels accordingly as well. DYOR (Do your own research)
Hey Traders, in today's trading session we are monitoring EURCAD for a buying opportunity around 1.47700 zone, EURCAD is trading in an uptrend and currently is in in a correction phase in which it is approaching the trend at 1.47700 support and resistance area. Trade safe, Joe.
EURCAD may bounce from a solid intraday horizontal support. After its test, the price formed an inverted head and shoulders pattern and broke its neckline. I think that the pair can reach 1.483 level easily. ❤️Please, support my work with like, thank you!❤️
EURCAD is rising toward the pivot point and could potentially fall to an overlap support However, a break above the pivot it could rise to the multi-swing high resistance Pivot: 1.4799 Support: 1.4737 Resistance: 1.4836 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to...
Hello,Traders! EUR-CAD is making a Bearish correction but The pair will soon hit a Horizontal support of 1.477 From where we will Be expecting a Bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial...
Hello,Friends! Previous week’s green candle means that for us the EUR/CAD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.469. ✅LIKE AND COMMENT MY IDEAS✅
EUR/CAD is falling towards a support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 1.47802 Why we like it: There is an overlap support level which lines up with the 38.2% Fibonacci retracement. Stop loss: 1.47368 Why we like it: There is a pullback...
OANDA:EURCAD has been forming series of Higher Higher and Higher Lows. Currently, It is trading in golden zone of fibonacci 50% where we also have trendline retest. These confluences suggest we can look for buying opportunities in EURCAD
The EURCAD pair has been trading within a Channel Down for the past 15 months and right now is on a Bullish Leg towards its top. The 1D RSI is approaching the overbought barrier of 70.00 and we believe it will give a sell signal after it breaks above, just like November 21 2023 and July 14 2023. Until then, we will stay bullish, targeting the top of the 15-month...
Please, check our technical outlook for EURCAD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.482. The above observations make me that the market will inevitably achieve 1.485 level. P.S Please, note that an oversold/overbought condition can last...
I see potential buys on eurcad, if price buys back above 1.48328 then i can look for an entry during session for the volume to petentially hit my tp at 1.48789