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
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.
Related currencies
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 bull
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.
🏹
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
Disclosure: I am part of Trade Nation's Influencer program and receive a
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
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.
Cu
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 d
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
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.
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.