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EURO REFERENCE RATE / CANADIAN DOLLAR

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EUXCAD trade ideas

#EURCAD it's possible to buy#EURCAD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area waiting for retracement 1st support: 1.31010 Next Zone area & horizontal swing Low support 1st Resistance 1.44800 Zone area & horizontal swing high resistance
Long
by Skandhatrade
#EURCAD it's possible to buy#EURCAD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area waiting for retracement 1st support: 1.31010 Next Zone area & horizontal swing Low support 1st Resistance 1.44800 Zone area & horizontal swing high resistance
Long
by Skandhatrade
#EURCAD it's possible to buy#EURCAD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area waiting for retracement 1st support: 1.31010 Next Zone area & horizontal swing Low support 1st Resistance 1.37800 Zone area & horizontal swing high resistance .
Long
by Skandhatrade
#EURCAD it's possible to buy#EURCAD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area waiting for retracement 1st support: 1.31010 Next Zone area & horizontal swing Low support 1st Resistance 1.37800 Zone area & horizontal swing high resistance
Long
by Skandhatrade
#EURCAD it's possible to buy#EURCAD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area waiting for retracement 1st support: 1.31010 Next Zone area & horizontal swing Low support 1st Resistance 1.37800 Zone area & horizontal swing high resistance
Long
by Skandhatrade
#EURCAD it's possible to buy#EURCAD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area waiting for retracement 1st support: 1.31010 Next Zone area & horizontal swing Low support 1st Resistance 1.37800 Zone area & horizontal swing high resistance
Long
by Skandhatrade
#EURCAD it's possible to buy#EURCAD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area waiting for retracement 1st support: 1.31010 Next Zone area & horizontal swing Low support 1st Resistance 1.37800 Zone area & horizontal swing high resistance
Long
by Skandhatrade
📚Learn More💰Earn More - Inverse Head and Shoulders in EURCAD📚 LEARN MORE 💰 EARN MORE Inverse Head and Shoulders Definition: A head and shoulders pattern is also a trend reversal formation. It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder). A “Neckline” is drawn by connecting the highest points of the two Peaks. Neckline resistance does not need to be strictly horizontal. This illustrates that the downward trend is coming to an end. When a Head and Shoulders formation is seen in a downtrend, it signifies a major reversal. The pattern is confirmed once the price breaches the neckline resistance. In this example, we can easily see the head and shoulders pattern. How to Trade the Head and Shoulders Pattern: ENTRY: we put an entry order above the neckline. TARGET: We can also calculate a target by measuring the lowest point of the head to the neckline. This distance is approximately how far the price will move after it breaks the neckline. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Education
by ForecastCity_ME
2
EURCAD BULLISH FORECAST EURCAD has long been trading lower from 1.46267 to 1.28892 all within descending trend channel territory. The poor EUR been struggling for it's value since 25th Aug, where it maintained the price within bearish flag that has been formed with trading ranges between 1.33352 and 1.28892. Breaking the flag below will hints for strong bearish pressure while breaking the flag above will have same impact in opposite reaction. On 20th Sep buyers were able to touch the upper resistance within the descending trend channel and today's price testing the same resistance. Remember: the most support level or resistance get tested the higher it gets potential risk of break. If price break above the tested resistance, we'll prepare for buying opportunity after retesting above the boundary of the trend channel. I expect EUR to trade high against Canadian Dollar, and expected to reach major resistance which is around 1.37063 Fundamental aspects: ECB has delivered Hawkish statements where Lagarde hints for 75bps rate hike in October. Unfortunately this haven't lift the EUR enough for much gains to recovery, EUR is expected to fight back against it's rivals after the rate hike. Canadian GDP M/M will be release today, whence lower reading as expected may help EUR to have a modest gain against Canadian Dollar. The Canadian GDP was 0.1% in previous reading where it's expected to remain same as 0.1%. If the reading come higher than expected, it may help Canadian Dollar for more gains. If EUR fail to gain against Canadian Dollar, the expected price is 1.24053. which is more lower in history. If you really have a plan on EUR. Pay attention to this structure, it'll be rewarding when use right.
Long
by CELGIB_TRADING
#EURCAD it's possible to buy#EURCAD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area waiting for retracement 1st support: 1.29770 Next Zone area & horizontal swing Low support 1st Resistance 1.34389 Zone area & horizontal swing high resistance
Long
by Skandhatrade
#EURCAD it's possible to buy#EURCAD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area waiting for retracement 1st support: 1.30888 Next Zone area & horizontal swing Low support 1st Resistance 1.34389 Zone area & horizontal swing high resistance
Long
by Skandhatrade
#EURCAD it's possible to buy#EURCAD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area waiting for retracement 1st support: 1.28660 Next Zone area & horizontal swing Low support 1st Resistance 1.34389 Zone area & horizontal swing high resistance
Long
by Skandhatrade
#EURCAD it's possible to buy#EURCAD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area waiting for retracement 1st support: 1.28660 Next Zone area & horizontal swing Low support 1st Resistance 1.34389 Zone area & horizontal swing high resistance
Long
by Skandhatrade
#EURCAD it's possible to buy#EURCAD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area waiting for retracement 1st support: 1.28660 Next Zone area & horizontal swing Low support 1st Resistance 1.34389 Zone area & horizontal swing high resistance
Long
by Skandhatrade
#EURCAD it's possible to buy#EURCAD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area waiting for retracement 1st support: 1.28660 Next Zone area & horizontal swing Low support 1st Resistance 1.32498 Zone area & horizontal swing high resistance
Long
by Skandhatrade