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: 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
EURCAD Sell- Go for short term sell then manage your trade
- keep looking for sell even if price goes one more up
- potentially go lower
- in any case it has to at least go down to 1.5500 level or lower
- Refine entry with smaller SL for better RR, if your strategy allow
A Message To Traders:
I’ll be shar
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
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.
Frequently Asked Questions
The current rate of EURCAD is 1.59772 CAD — it has increased by 0.12% 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 0.48%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The EURCAD showed a 1.62% rise over the past week, the month change is a 2.26% rise, and over the last year it has increased by 9.06%. 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 buy 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 strong buy signal, and 1 month rating is strong buy. See more of EURCAD technicals for a more comprehensive analysis.