EURCAD at key resistance: Will price rebound to 1.5215?The price is currently at a strong resistance level, where it has struggled to break through and reversed sharply to the downside before. This makes the area particularly important to monitor, especially for traders considering potential short setups.
If we begin to see signs of rejection at this level, such as long upper wicks, bearish candlestick patterns, or a clear loss of buying momentum, we could see a move down toward the 1.5215 level . In this particular context I am targeting a very achievable bounce. But if price cleanly breaks out, that would rule out the bearish outlook and suggest even further upside will follow.
This area is pretty important and could give us a better idea of where price is headed.
Just sharing my thoughts on support and resistance, this isn’t financial advice. Always confirm your setups and manage your risk properly.
CADEUR trade ideas
Lingrid | EURCAD April High - Key Resistance Level TestThe price perfectly fulfilled my last idea . FX:EURCAD is extending its bullish leg after breaking out of both a triangle pattern and the downward trendline. The pair reached the 1.59500 resistance area and is now hovering within a broad supply zone where previous reactions occurred. Unless bulls force a sustained breakout, the price may revisit the 1.58060 support for reaccumulation.
📈 Key Levels
Sell zone: 1.59500 - 1.59700
Sell trigger: breakdown below 1.59000
Target: 1.58060
Buy trigger: above 1.57500
💡 Risks
False breakout from resistance could trap late buyers
Extended move may prompt short-term profit-taking
Break below the upward trendline weakens bullish momentum
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
EURCAD - Weekly Resistance Might Shift The Momentum!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURCAD has been overall bullish trading within the rising channel marked in blue. However, it is currently approaching the upper bound of the channel.
Moreover, the red zone is a strong weekly resistance.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue trendline and resistance.
📚 As per my trading style:
As #EURCAD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EUR/CAD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are now examining the EUR/CAD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1.588 level.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EURCAD: Short Trade Explained
EURCAD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell EURCAD
Entry - 1.5823
Stop - 1.5865
Take - 1.5738
Our Risk - 1%
Start protection of your profits from lower levels
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EURCAD Sell- Go for sell then manage your trade
- potentially go lower
- Refine entry with smaller SL for better RR, if your strategy allow
A Message To Traders:
I’ll be sharing high-quality trade setups for a period time. No bullshit, no fluff, no complicated nonsense — just real, actionable forecast the algorithm is executing. If you’re struggling with trading and desperate for better results, follow my posts closely.
Check out my previously posted setups and forecasts — you’ll be amazed by the high accuracy of the results.
"I Found the Code. I Trust the Algo. Believe Me, That’s It."
//@version=5 indicator("Simple Hedging Signal", overlay=true) f
//@version=5
indicator("Simple Hedging Signal", overlay=true)
fast_ma = ta.ema(close, 10)
slow_ma = ta.ema(close, 30)
buySignal = ta.crossover(fast_ma, slow_ma)
sellSignal = ta.crossunder(fast_ma, slow_ma)
plotshape(buySignal, location=location.belowbar, color=color.green, style=shape.labelup, text="Buy")
plotshape(sellSignal, location=location.abovebar, color=color.red, style=shape.labeldown, text="Sell")
alertcondition(buySignal, title="Buy Signal", message="Hedging Buy Signal Triggered")
alertcondition(sellSignal, title="Sell Signal", message="Hedging Sell Signal Triggered")
EURCAD Bearish Setup | Trend Reversal Incoming?The EUR/CAD pair has been respecting a parallel ascending channel, with price recently touching the upper boundary and now showing signs of a potential sharp reversal.
🔹 Key Technical Observations:
Price broke out of a long consolidation zone (early June), followed by a strong bullish impulse.
Currently rejecting the upper boundary of the parallel channel, suggesting bullish exhaustion.
Bearish projection aims for a potential drop toward the 1.55400 support zone, aligning with channel midline or lower boundary.
📊 Trade Idea:
Watch for confirmation of rejection (bearish engulfing / break of minor support).
Short entries can be considered on break below intraday structure.
Target Zone: 1.55400
Invalidation: Clean break and close above 1.58500
⚠ Always manage risk and confirm with your trading strategy.
SELL EURCAD for bullish trend reversal STOP LOSS: 1.6046SELL EURCAD for bullish trend reversal
STOP LOSS: 1.6046
Regular Bearish Divergence
In case of Regular Bearish Divergence:
* The Indicator shows Lower Highs
* Actual Market Price shows Higher Highs
We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart.....
The daily time frame is showing strength of trend reversal from this level resistance so we
are looking for the trend reversal and correction push from here .....
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with….....trading with the trend, patient and good risk management is the key to success here
EURCAD Will Go Lower From Resistance! Sell!
Take a look at our analysis for EURCAD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.580.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.551 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURCAD: Pullback Trade From Support 🇪🇺🇨🇦
EURCAD is going to bounce from a recently broken
key daily horizontal resistance that turned into support after a violation.
The price violated a neckline of a double bottom pattern with
a bullish imbalance candle on an hourly time frame as a confirmation.
Goal - 1.5998
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EURCAD At resistance Short EUR/CAD has recently hit a resistance zone near 1.5966–1.5999, which is labeled as a stop-loss/resistance area. The price is expected to reverse from this resistance and retrace down toward the rising trendline support around 1.5667. This zone has acted as a key support level in previous sessions.
EURCAD Will Fall! Sell!
Here is our detailed technical review for EURCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.592.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.587 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EURCAD: The Reaction Was Clean But The Drop Might Be CleanerEURCAD just gave a textbook reaction from a liquidity grab followed by a clean break of structure. After taking out the highs and filling the upper imbalance, price is reversing right back into a bearish FVG.
If price respects it, the downside continuation becomes even more likely.
This setup is simple and clear. Let the market pull into the zone and watch how it reacts. If momentum shifts again, the path down toward previous lows could be smooth.
Be patient. Let price come to you. No need to force entries. Wait for the lower timeframes to confirm the shift before making any move.
EUR-CAD Local Long! Buy!
Hello,Traders!
EUR-CAD is trading in an
Uptrend and the pair is
About to retest a horizontal
Support of 1.5933 and as
We are locally bullish biased
We will be expecting a
Local bullish rebound
Buy!
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Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURCAD My Opinion! SELL!
My dear friends,
Please, find my technical outlook for EURCAD below:
The instrument tests an important psychological level 1.6006
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.5978
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
EUR/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
The BB upper band is nearby so EUR-CAD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.575.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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