EURCAD trade ideas
EURCAD is heading towards the 1.4684 support levelThe EURCAD pair has resumed its short-term decline after reaching a 3-month high at 1.5173. Economic tensions between Donald Trump's United States and Canada play a significant role in strengthening the Canadian currency, which had been depreciating against major currencies for several months. The postponement of the U.S. threats to increase tariffs by 25% has been a great help, but for how long?
From a technical perspective, the pair has just broken below a trendline on daily timeframes, reinforcing the bearish momentum. As long as 1.4684 has not been reached, selling on bullish corrections should be prioritized. Buying should only be considered if prices bounce off the support level.
EUR/CAD Short Opportunity ?I'm looking for a short opportunity on EUR/CAD, as I see a clear bearish price action, with the price poised to sweep the lows toward the range bottom. Personally, I’ll wait for a possible spike into the FVG gap candle and look for a reaction before entering a sell position. Let me know what you think.
LTF Execution.With Cyclicty of Phase 1(Trend) and Phase 2(Pullback/Retest) as cycles.
D1 - High TF( HTF)
H4 - Intermediate TF
H1 - Lower TF (LTF)
Entry :
=======================================
Taken trade at Start of Phase 1 in Intermediate TF and in LTF cross of 8 below 20 EMA and Bearish Engulfing at the Key Resistance.
SL : Recent high
TP : Risk:Reward = 1:2
UPDATE [EURCAD] LONG/BUY POSITIONHere update for EurCad:
1. Price reaction
2. Break H (Low TF H1)
3. Entry
4. Tp 1
5. Possible max TP at High W
Potential Long / BuyFeel free to share your ideas with me. This is my view on this pair. Looking for long position
Bullish bounce?EUR/CAD has bounced off the pivot and could rise to the 1st resistance.
Pivot: 1.4800
1st Support: 1.4745
1st Resistance: 1.4895
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.
Bullish rise?EUR/CAD has bounced off the support level which is an overlap support and could potentially rise from this level to our take profit.
Entry: 1.48004
Why we like it:
There is an overlap support level.
Stop loss: 1.4743
Why we like it:
There is a pullback support level.
Take profit: 1.4894
Why we like it:
There is a pullback resistance level.
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EUR/CAD - 1H Trade Setup Must Follow🔹 Pair: EUR/CAD
🔹 Timeframe: 1H
🔹 Analysis Type: Break & Retest
📊 Market Structure:
The price was respecting an ascending trendline but has now broken below it, indicating a possible trend reversal.
A bearish break of structure has occurred, confirming a shift to the downside.
Key Supply Zone around 1.48775, acting as resistance.
Key Demand Zone around 1.47516, a potential target area.
📉 Trade Setup (Short Position):
✅ Entry: After the break of the trendline and a bearish retest near 1.48400 - 1.48775.
📍 Stop Loss: Above the recent high (1.48775).
🎯 Take Profit: 1.47516, aligning with the next demand zone.
📏 Risk-Reward Ratio: 1:2
⚠️ Confirmation Checklist:
✅ Break & Retest of trendline
✅ Rejection from Supply Zone
✅ Momentum shift to bearish
📌 Keep an eye on price action around 1.48400; if price shows rejection with bearish confirmations, this setup remains valid.
🚀 Good luck & trade safe!
EURCAD SELL SETUP📌 Institutional Trade Plan – Swing Trade (Bearish)
✅ Entry Zone: 1.4850 - 1.4900 (Premium Zone, Bearish OB).
✅ Stop Loss (SL): Above 1.4950 (Safe from stop hunts).
✅ Take Profits (TPs):
TP1: 1.4750 (First liquidity pool).
TP2: 1.4700 (Major SSL target).
TP3: 1.4650 (Final institutional target).
✅ Trade Type: Reversal (Distribution).
✅ Confidence Level: HIGH (Smart Money Confirmation).
EURCAD 17/02/2025Daily:
-Inverse H&S pattern.
-Bullish M pattern.
-IC.
4H:
-Inverse H&S pattern.
-OB.
EURCAD Bullish ProjectionFrom a Macro standpoint, EURCAD looks strongly bearish as it is locked up within a very solid bearish range. However, to continue the strong bearish move, we expect EURCAD to take out some fuse at the upside before presenting more opportunities to the sell side.
EURCAD ANALYSIS AND TRADE SIGNAL📈 EUR/CAD - Bullish Setup Analysis (4H Timeframe)
🔹 Pair: EUR/CAD
🔹 Bias: Bullish 📊
🔹 Key Levels:
Resistance Zone: 1.49000 (Supply Zone)
Major Target: 1.49941 (Next Resistance Level)
Ascending Trendline Support: Price is following an upward trend
🔍 Analysis:
Price is currently approaching a key supply zone (1.49000), where we may see either:
A breakout above the resistance leading to a continuation toward 1.49941
A rejection from the supply zone, potentially leading to a retest of the trendline before another push upward
The ascending trendline suggests that buyers are in control, and a breakout above the resistance could lead to further bullish movement.
📌 Trade Plan:
✅ Break & Retest Strategy: If price breaks above 1.49000 and retests successfully, a long position targeting 1.49941 could be valid.
✅ Trendline Bounce: If price rejects the supply zone and respects the ascending trendline, it could provide another buying opportunity.
📊 Let me know your thoughts! 🚀
longwe can expect the good long when euro cad breaks the above level ,market can give us entry on 3 locations or 3 good trades expected after confirmation happy trading :)
Canadian Dollar likely to weaken to EUR by US import tarifs ->10Canadian Dollar likely to weaken to EUR by US import tarifs ->10%
As of February 14, 2025, the United States has announced the following import tariffs on Canadian goods:
General Goods: A 25% tariff on all imports from Canada, effective March 4, 2025.
EN.WIKIPEDIA.ORG
Energy Products: A reduced 10% tariff specifically on Canadian energy exports, including oil, natural gas, and electricity.
EN.WIKIPEDIA.ORG
These tariffs were initially set to take effect on February 4, 2025, but were postponed for one month following negotiations between the U.S., Canada, and Mexico.
KLGATES.COM
In response, Canada has announced plans to impose 25% tariffs on $30 billion worth of U.S. goods, effective February 4, 2025, with potential expansion to additional goods in subsequent phases.
CANADA.CA
Expected Currency Effect on CAD/EUR:
The imposition of these tariffs is anticipated to weaken the Canadian dollar (CAD) due to potential economic strain from reduced exports and retaliatory measures. Consequently, the CAD/EUR exchange rate may decline, making the euro more expensive relative to the Canadian dollar. Forecasts suggest a bearish outlook for CAD/EUR, with potential decreases in value over the coming months.
GOV.CAPITAL
Recent Developments in US-Canada Trade Relations
reuters.com
US will suffer job losses through tariffs on Canadian steel and aluminum, says Trudeau
Yesterday
apnews.com
Trump readies matching tariffs on trade partners, possibly setting up a major economic showdown
2 days ago
theguardian.com
Trump's tariffs on Canada, Mexico and China: will they spark a trade war?
13 days ago
Sell GBPCAD and EURCADon 14th Feb 2025
Both Euro and GBP are becoming weak
as CAD is gaining strength
and according to my strategy we are approaching. a supply area
so am expecting a sell
Bullish bounce?EUR/CAD is falling towards the pivot which has been identified as a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce to the 1st resistance.
Pivot: 1.4796
1st Support: 1.4746
1st Resistance: 1.4902
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.
EURCAD Trade Ideas [buylimit]The EURCAD (Euro/Canadian Dollar) is another interesting currency pair. Here's a idea of factors to consider for a potential buy limit order
EURCAD 13/02/2025Weekly:
-Weekly highs rejected.
Daily:
-Bearish W pattern.
-H&S pattern.
-IC.
4H:
-H&S pattern.
-IC.
-FVG.
EURCAD - ShortWaiting for price to tap into and reject that FVG to confirm the Daily pullback to the daily supply area before looking for longs. Just an idea...
EURCAD: has bottomed and turned bullish.EURCAD is on a neutral 1D technical outlook (RSI = 45.274, MACD = -0.003, ADX = 32.435) as it rebounded on the bottom of the inner Channel Up, a pattern inside the 1 year Channel Up. If the price crosses over the 1D MA50, it validates the extension of this bullish wave. In that case, the trade will be long, aiming at a symmetric +2.90% increase (TP = 1.51500) like the previous wave.
See how our prior idea has worked out:
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