Eurcad setting for a downtrend Eurcad is setting for a reversal, watch price action to add on corrections, we are at the top on this pair
Good luck everyone
Eurcadtrade
EURCAD / SELLWe can see a trendline break and a retest of the area, once price breaks this line again I anticipate a big drop
EURCAD NICE DROP Daily support is highlighted, once the zone is broken we will sell to the target area
EURCAD TRADE IDEAEURCAD - Bit of a triple top before rejecting the resistance with a big bearish candle. Should see a further push to the downside, and then potentially break the trendline.
EURCAD / BEAR / BIG DROPEURCAD has been ranging for a while, it is now at the top of the range on the 1H chart and there is an area of support just below it, I am waiting for price to break and then selling to the next level of support
I expect price to pull back before the trend continues, if the trend continues we can hold the position or enter another sell
EURCAD bounced from support, potential for a further rise!
EURCAD bounced off 1.54200 where it could potentially rise further to 1.54965.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Euro/Canadian: EURCAD: ForecastHi,
I have analysed the EURCAD, current price came from the Triple Top, as it was on implusive phase, now the price is in large corretion, inside the large correction there is sell pattern with two touch already been played out, now i am waiting for the third touch on the trendline then wait for SELL confirmations like Engulfing candle, evening star and candle rejection
This is the H4 TFM
this is just my opinion.
Kind regards
EURCAD bounced from support, potential for a further rise!
EURCAD bounced off 1.53314 where it could potentially rise further to 1.53568.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCAD - SELLThis pair is incredibly volatile but I can see a change in trend occurring
I believe once support is broken it will head for its next level of support which is highlighted below
EURCAD bounced from support, potential for a further rise!
EURCAD bounced off 1.52195 where it could potentially rise further to 1.52373.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
POTENTIAL LONG OPPORTUNITY ON EURCADPrice is currently at a point of support where we may see price push bullish to meet our target level. Divergence is evident. Do not risk more than 2% of your equity
EURCAD reversed from resistance, potential drop!
EURCAD reversed off its resistance at 1.52899 where it could potentially drop further to 1.52198.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCAD hitting Support?Hello Traders,
Bullish Divergence has formed on the EURCAD 8H MACD/Price Chart and the price may begin to rise. The pair is bouncing of a recent support formed around 1.5050 and RSI is also being rejected at a recent support.
Thanks for reading. If you liked my analysis, please give me a follow.
*The above is not investment advice but simply my analysis of the current market conditions*
EURCAD at a key level of supportLooking at the weekly timeframe we see after pushing to the upside and closing back above 1.5060, EURCAD has been holding at this zone for weeks.
Last week EURCAD had a strong bullish rally back up to 1.538 before falling back down to 1.5060. If structure can hold at this zone we can look for price to push back to the upside, retesting the 1.5532 zone.
If you have any questions please feel free to comment below.
Will It Pick Up? The Canadian Dollar thought it was best to play hero,will the Loonie conquer the 1.51775 level?
Stay tuned,The market shall tell the tale.
EURCAD H4Depending on your risk profile, may want to wait for more evidence of a solid run up, then enter.
