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
EUXCAD trade ideas
EURCADGreetings!
Welcome traders.
By choosing to "Follow", you can stay updated with the latest information promptly. Kindly consider clicking "Boost" as well.
Wishing you a pleasant day.
EURCAD H1The EURCAD breakout in the hourly chart presents an excellent educational opportunity to understand technical analysis and trading strategies. This scenario provides a practical example of how to identify support levels, interpret market movements, and utilize Fibonacci targets for potential trade opportunities. By following this breakout and observing its development, traders can gain valuable insights into market behavior and learn how to apply these concepts in their own trading decisions. Additionally, staying informed about economic news and geopolitical events will help traders understand the broader factors influencing currency pairs. This real-time example can serve as a valuable educational tool for those looking to enhance their understanding of forex trading.
EUR/USD is trading close to 1.0900, looking to build on Wednesday's hard rebound after the Federal Reserve (Fed) pivoted into a path toward rate cuts after months of towing the “higher for longer” line. ECB policy decision is next in focus.
EURCAD is in buy level at 5 mins Good Buy Setup ready EURCAD is in buy level at 5 mins Good Buy Setup ready
EURCAD is in buy level at 5 mins Good Buy Setup ready
EURCAD is in buy level at 5 mins Good Buy Setup ready
EURCAD is in buy level at 5 mins Good Buy Setup ready
EURCAD H1The Relative Strength Index edged higher to 50 on the 4-hour chart, reflecting a loss of bearish momentum. On the upside, the pair faces stiff resistance at 1.0820 (200-day Simple Moving Average (SMA), Fibonacci 38.2% retracement of the latest uptrend). A daily close above this level could open the door for additional gains toward 1.0870 (100-period SMA on the 4-hour chart) and 1.0900 (psychological level, Fibonacci 23.6% retracement).
1.0750 (100-day SMA) aligns as critical support. A hot US inflation in November could trigger another leg lower in EUR/USD. If sellers flip this level into resistance, 1.0700 (Fibonacci 61.8% retracement, psychological level) could be seen as the next bearish target before 1.0660 (static level).
EUR CAD downside move possible sellingEUR CAD downside move possible selling below the 1.46199
Stoploss 1.47383
Target 1.42013
EURCAD is sell sideAccording to my technical and fundamental analysis, the EURCAD pair is currently trending towards the sell side, making it a prime opportunity for traders to short the pair.
From a technical standpoint, the pair has broken below a key support level at 1.49200, indicating a bearish trend. In addition, the recent price action suggests that the pair may continue to decline, providing a profitable trading opportunity with a good risk-to-reward ratio.
Furthermore, from a fundamental perspective, the economic data from the Eurozone has been weak in recent months, while the Canadian economy has been performing well due to the steady rise in oil prices. This has potentially created further downside pressure on the EURCAD pair.
Therefore, I suggest placing an entry point at 1.49100 to initiate a short position. My target for the sell trade on the EURCAD pair is set at 1.4600. This target price is based on technical analysis of the pair's chart, as well as the bearish outlook for the Eurozone economy, while the Canadian economy is expected to continue to perform strongly.
However, it is important to note that as with any trading strategy, there are inherent risks involved. Traders should always execute proper risk management techniques when entering a trade, such as using stop-loss orders and limiting their exposure to the market.
just look for these at 4 hourthis strategy works very well for good profits , andzero stress. for mid term trader.
alwats use a stop loss
EUR CAD upside move possibleEUR CAD upside move possible
Buying above the 1.44674
Stoploss 1.43504
Target 1.47753
EURCADWe saw EURCAD Short Because, EURCAD 1H Time Frame wrong correction
Breakout or Retest Complete.
EURCAD: Bull movement for next 2-3 weeks.Keep tracking the pair and catch all bull trades,
-> Taken Fib RetraceMent perfectly.
-> Bull HAMMER in 1WEEK that too, on 14 EMA.
-> UpTrend from over the weeks, time to go along the trend fam...
EURCAD 4 Hour Analysis (11 August 2023)EURCAD 4 Hour Analysis (11 August 2023)
1. Price is in a channel
2. We can see bearish divergence with RSI
3. If the price breaks from the channel high, we
can expect long
4. If the price breaks from channel low,
5. So, we will wait for proper confirmation
then we can enter
Possible long in EUR/CADThe pair is bouncing from the support. This is a key pivot level which has been tested several times in the past. The momentum oscillators are also showing a slight positive divergence. Longs have a clear risk management below the support level and we can see a substantial rally from this level.
SELL EURCAD0.23 level se inverted hammer and then bearish
candle bna kr confirmation ke sth fall ho rha h
EURCADDear Friends See the EURCAD Weekly Analysis, and also you can choose Martingale Strategy for select the Buy & sell orders & also Follow my Trading View Channel forget the Instant Notification of Every New Analysis.
EURCAD "Fib Retracement ZONe rejection hit" *The sell signal activates as the Fib Retracement zone gets rejected perfectly in this Down trend at higher Tf*
SELL EURCADresistance se fall hone ke bd 0.61 retracement
level ko break krke retest bhi kr chuka h entry
to activate ho chuki h
EUR CAD upside move possibleEUR CAD upside move possible
Buying above the 1.46254
Stoploss 1.45268
Target 1.48431
As report generated on 19 july 2023 Frist Target achieved as the report was given on 19 july 2023, waiting for target 2
EUR CAD downside move possibleEUR CAD downside move possible
Sell below 1.46087
Stoploss 1.47231
Target 1.44102
