this is my analysis on eurcadso my analysis is based on trend in trend as you can see the pair seems to be in a very interesting place to take shorts or if the price brakes that support i'll enter for a buy
Eurcad Swing Position in downside with an amazing Reward to Risk
Price has formed a Monthly Source Supply and a Quarterly Destination Demand and now we have a downward confirmation in Weekly with a Supply fomed which also has a Deviation from the EMA which indicates a very strong imbalance in the Price Action.
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EURCAD ANALYSISHello
This is my perspective on EURCAD ANALYSIS
Based on Simple Technical Analysis (Trendline + Support & Resistance)
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion and at your own risk.
EURCAD BUY PROJECTION 10.02.24Reason Behind EURCAD Bullish
1.Double Bullish Spinning
2.Obey Golden Ratio @ 0.618
🔹FX SIGNAL
EURCAD BUY 1.4500
SL 1.4440
TP 1.4640
TP 1.4700
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Frequently Asked Questions
The current rate of EURCAD_LMAX is 1.47807 CAD — it has decreased by 0.11% in the past 24 hours. See more of EURCAD_LMAX rate dynamics on the detailed chart.
The value of the EURCAD_LMAX pair is quoted as 1 EUR per x CAD. For example, if the pair is trading at 1.50, it means it takes 1.5 CAD to buy 1 EUR.
The term volatility describes the risk related to the changes in an asset's value. EURCAD_LMAX has the volatility rating of 0.16%. Track all currencies' changes with our live forex heatmap and prepare for markets volatility.
The EURCAD_LMAX showed a 0.22% rise over the past week, the month change is a 0.72% rise, and over the last year it has increased by 1.34%. Track live rate changes on the EURCAD_LMAX chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
EURCAD_LMAX is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade EURCAD_LMAX right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.