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EURCAD trade ideas

Heading into 50% Fibonacci resistance?EUR/CAD is falling towards the pivot and could reverse to the 1st support which is 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 only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
EURCAD Sellers In Panic! BUY! My dear friends, My technical analysis for EURCAD is below: The market is trading on 1.5585 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.5728 Recommended Stop Loss - 1.5506 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. 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
Long
by AnabelSignals
1
EURCAD Short 4/29/2025EUR/CAD Short – Multi-Week Weekly Rejection + Bearish Continuation Setting Up Taking a short on EUR/CAD after sustained weekly rejection, daily structure shift, and intraday bearish continuation signs. Weekly Chart: Strong rejection off a key weekly supply level — multiple weeks confirming resistance: Initial rejection week of March 10th. Three back-to-back rejections again during April 7th, April 14th, and April 21st. Clear seller control at this zone, with the latest weekly candle forming a bearish hammer — priming the setup for continuation lower. Daily Chart: Yesterday, we gapped down, tapped a daily level, and closed bearish — signaling sellers are firmly stepping in. Momentum has shifted toward the downside cleanly. 4H Chart: Three candles of bearish behavior after an initial bullish impulse: Bearish hammer, doji, and strong bearish hammer sequence printed. Price is now stalling at trendline support but showing signs of pressure building for a breakdown. 1H Chart: Some minor bullish bounce off trendline support, but the structure is weakening — supply consistently capping rallies. Trade Thesis: Expecting a trendline break soon, accelerating momentum to the downside once 1.5700 gives way. Targets: First target: 1.5700 (structure break) Second target: 1.5500 Third target (extended): 1.5330 Risk Management: Conservative management until 1.5700 breaks. Aggressive partials after clearing 1.5500 toward long-term target.
Short
by Big6Financial
EURCAD Is Bearish! Sell! Please, check our technical outlook for EURCAD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.564. Considering the today's price action, probabilities will be high to see a movement to 1.543. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
EURCAD Is Very Bearish! Short! Here is our detailed technical review for EURCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.561. The above observations make me that the market will inevitably achieve 1.529 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
EUR/CAD LongMacro fundamentals favor EUR strength: Strong Q1 GDP, sticky inflation, and no urgency for ECB rate cuts. CAD is weakening: Oil prices are down ~15% for the month, BoC is leaning dovish, and trade risks remain elevated. Technical structure is bullish: EUR/CAD broke above multi-year resistance at 1.5500. Price is now pulling back into that zone, which is likely to act as support (classic break-and-retest setup). Monthly and weekly candles both support a bullish continuation, and this entry gives you a clean structure with tight risk and high reward potential. EUR/CAD Swing Long Trade Setup Entry: 1.5520 (buy limit) Stop Loss: 1.5375 (below weekly structure and invalidation point) Take Profit 1: 1.5800 Take Profit 2: 1.6000
Long
by tradercat2025
EUR/CAD – Bearish Momentum ContinuesEUR/CAD – Bearish Momentum Continues EUR/CAD remains in a strong bearish trend, consistently printing a series of Lower Highs (LHs) and Lower Lows (LLs). The market structure confirms ongoing downward momentum. The recent candle also closed bearish, reinforcing the trend. Since the bearish structure is still intact, this could be a good opportunity to open a new short position, following the trend. Trade Suggestion: Entry: Sell at market price Stop Loss & Take Profit: As indicated in the chart
Short
by asimafridi