Bearish reversal in play?EUR/CAD has rejected the pivot, which has been identified as an overlap resistance that aligns with the 61.8% Fibonacci retracement and could potentially drop toward the 1st support.
Pivot: 1.61595
1st Support: 1.60900
1st Resistance: 1.62067
Disclaimer:
The opinions given above constitute gener
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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: 800+ PIPS Selling Setup, Wait For Further Confirmation🔺EURCAD has changed its character and is now extremely bearish. We are awaiting a price retest. Once the price has retested the area the entry will become clearer. There is a swing entry zone where entering can yield a potential gain of 800 pips.
🔺There are two target zones for take profit. The st
EURCAD TRADE IDEA BASED ON FUNDAMENTAL DATA1- Euro right now is fundamentally bullish than Canadian Dollar.
2- European Central Bank in their last meeting had a hawkish tone as well and Canadian Central Bank had a dovish tone in their last meeting because Canada is more focused on their economy right now.
3- Right Now we are waiting for th
Morning Star Rises On EURCADHere on the Weekly for OANDA:EURCAD , price has formed a strong Bullish reversal pattern called a Morning Star at the 38.2% Retracement Level! This pattern consist of:
1) Large Bearish Candle
2) Small Bullish -or- Doji Candle
3) Large Bullish Candle
There are a couple rules this pattern must foll
EURCAD Will Buy From SupportHello Traders
In This Chart EURCAD HOURLY Forex Forecast By FOREX PLANET
today EURCAD analysis 👆
🟢This Chart includes_ (EURCAD market update)
🟢What is The Next Opportunity on EURCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Te
Heading towards overlap resistance?EUR/CAD is rising toward the resistance level, which is an overlap resistance that aligns with the 78.65 Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.62055
Why we like it:
There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement.
EURCAD Range Trap: 77-Retest Ceiling in Play, Stacked Liquidity 🚨
▪️ EURCAD H2 SNAPSHOT — EXECUTIVE SUMMARY
▪️ the EuroCAD is grinding near 1.00000, testing the top of a heavy demand cluster after leaking lower. Buyers are being asked to defend.
▪️ Primary outlook is bullish — the response at — is the tell. Strong overhead liquidity
will get targets by the b
EURCAD Will Fall! Short!
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 1.616.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a be
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.









