EURCAD H2 Best Level to SHORT/HOLD +100/+200 pips🏆 EURCAD Market Update H2 chart
📊 Technical Outlook
🔸broke down on high vol
🔸compression BEAR FLAG
🔸Mid-term: BEARS 5500
🔸Status: compression/dump
🔸5710/5720 heavy S/R BEARS
🔸5520/5540 key s/r zones below
🔸Price Target Bears: 5520
🔸final pump possible
🔸strategy: SHORT SELL 5710/5720
🔸SL 40 pips TP
About Euro / Canadian Dollar
The Euro vs. the Canadian Dollar. The Euro is the second most popular reserve currency in the world and is considered to be very stable. The Canadian dollar is the seventh most commonly traded currency in the world and is highly dependent on Canada’s exporting of its natural resources, especially oil.
EURCAD: True Bearish Reversal?!EURCAD formed a classic head and shoulders pattern following a retesting of an important historical resistance level.
A break below the neckline, accompanied by a strong bullish candle, confirms a bearish signal.
I anticipate a corrective movement, potentially reaching as low as 1.5555.
EUR_CAD BEARISH BREAKOUT|SHORT|
✅EUR_CAD made a bearish
Breakout of the support
Cluster of the rising and
Horizontal support lines
Around 1.5672 and the
Breakout is confirmed so
We are bearish biased and
We will be expecting a
Further bearish move down
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
Disclosure
EURCAD - Overextended and Ready to Reverse?The EURCAD pair is showing clear signs of exhaustion in its bullish trend on the monthly chart, with an overextended price that has already liquidated a significant high. Futures market analysis confirms the accumulation of short positions, suggesting a potential bearish movement driven by instituti
EURCADON THE WEEKLY,
⚡️we established the major key monthly and weekly zone
⚡️ momentum loss of candles and appearance of bearish candles followed by 4 ⚡️multiple candle rejection on the weekly right at the key zone
⚡️wide weekly divergence right at the key zone which is very rare!! a week all signaling b
EURCAD TOP DOWN ANALYSIS 4HR TIMEFRAMEOn the 4hr timeframe, we noted the key zone + breakout of the rising wedge and the trendline + confirmation candles for the breakout candle that formed afterwards hence we take a quick entry short in this short term retracement and our stoploss above the trendline etc. May the gains be with us all!!
EURCAD Will Go Lower From Resistance! Sell!
Please, check our technical outlook for EURCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.567.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a b
EURCAD: Still Bearish Outlook 🇪🇺🇨🇦
Last week, we discussed a confirmed bearish breakout of
a major horizontal support on EURCAD.
The broken structure was retested, and I see a strong bearish
intraday price action on an hourly time frame.
Probabilities will be high to see a down movement at least to 1.558 level today.
❤️Please
Bearish drop?EUR/CAD has reacted off the pivot which is a pullback resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 1.57044
1st Support: 1.54315
1st Resistance: 1.57990
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should onl
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related currencies
Frequently Asked Questions
The current rate of EURCAD is 1.56237 CAD — it has increased by 0.07% in the past 24 hours. See more of EURCAD rate dynamics on the detailed chart.
The value of the EURCAD 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 has the volatility rating of 0.06%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The EURCAD showed a 0.13% rise over the past week, the month change is a 0.69% rise, and over the last year it has increased by 5.94%. Track live rate changes on the EURCAD 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 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 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.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with EURCAD technical analysis. The technical rating for the pair is neutral today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the EURCAD shows the buy signal, and 1 month rating is buy. See more of EURCAD technicals for a more comprehensive analysis.