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EURCAD

EURCAD Is Bullish! Buy! Here is our detailed technical review for EURCAD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.463. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.468 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURCAD...DT (2D)SLO @ 1.4690 TP1 @ 1.4525 (shaving 50%) TP2 @ 1.4350 Current Trend: Neutral Sentiment: Oscillators are neutral, with some leaning slightly bearish. Key Levels: Resistance (Minor): 1.4690 Support (Major) @ 1.4300 EURCAD is currently in a neutral trend on the 1-day chart. The price is consolidating between support at 1.4630 and resistance at 1.4780. Moving averages are mixed, with some leaning bearish and others neutral. Oscillators are also mixed, with some leaning slightly bearish but others neutral.
Short
by ProfessorCEWard
EURCAD Technical Analysis And Trade IdeaRecently, the EURCAD has exhibited bullish momentum, primarily propelled by the robust performance of the EURO. This video delves deep into dissecting this trend, scrutinizing price action, and exploring a potential trade opportunity through an analysis of scenarios on the 1D daily timeframe. Expect comprehensive insights into price dynamics, market structure, trend evaluation, and pivotal technical analysis elements. It's imperative to stress that the information presented is purely educational and should not be misconstrued as financial counsel.
Long
by fxtraderanthony
Watching for GBPCAD to follow EURCADWe saw a huge sell off when EURCAD broke it's uptrend last week so I'm watching GBPCAD to see if we get a similar flush. Price has been holding the trend now for several days with price barely able to escape and push higher, leading to further tightening. Entry signal would be a non ambiguous break of the Daily trend with stop above high of day if possible. Target is somewhere around the mid Nov break out as shown on the Daily TF, just over 100 pips away. Daily SWAP is -1.58% so a multi day is possible, but I wouldn't want to go over 3. Volatility around the CAD rate decision has the biggest downside effect on the idea if we get a break prior to the news. Not much we can do about this, if we get a sell signal before the release I still think it is worth taking.
Short
by RuckSack
EURCAD I Bounce from 50 MA and support reversal zoneWelcome back! Let me know your thoughts in the comments! ** EURCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
9
EURCAD SHORTIf you look left, there’s a circle. I’m looking for that same pattern at this resistance level. Potential ABC pattern setting up. Looking for a 1:1 minimum. I set a limit order at the recent high where the A leg started. I’m also looking for price to test that same recent high before a leg further down in price. Price has also been rising on low volume. If we miss it, no need to force it. Heading to bed so if it looks better during the day I may update with a market execution instead. Not advice.
Short
by Redimere_91
1
💱 EURCAD - Retests as support breakout attempts The currency pair is forming preconditions for a possible break of the trend support and an attempt to change it. The price forms consolidation near the support even after the level retest. there is no expected reaction - bounce from the level. Bears are trying to dominate We are getting a chance to see a trend change. But again, since a bullish trend is forming, there is a high chance of a bounce from support. A fall is possible provided: 1) Breakout of the trend support and the level of 1.4868 2) Pre-breakout consolidation is formed 3) The market is not updating the highs, it is creeping closer to the support.
Short
by AndeWave
5