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EURCAD trade ideas

Overlap resistance ahead?EUR/CAD is rising towards the resistance level which is an overlap resistance that is slightly below the 61.8% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.48814 Why we like it: There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement. Stop loss: 1.5078 Why we like it: There is a pullback resistance level that lines up with the 88% Fibonacci retracement. Take profit: 1.45564 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
EURCAD may enter into may bullish phaseEURCAD may enter into may bullish phase Historically, seasonality data supports a bullish outlook for the EURCAD currency pair. However, the COT report on non-commercial positions does not align with this bullishness, showing a reversal trend against EUR relative to CAD. While CAD exhibits stronger endogenous positive sentiment than EUR, which challenges the bullish outlook for EUR, overall endogenous factors still favor EUR due to a significant rise in retail sales. Conversely, CAD's sentiment is improving due to a notable increase in manufacturing data and number of orders. Overall, a combination of leading economic indicators, along with endogenous and exogenous factors—supported by growth in real GDP aligned with global GDP—supports a bullish stance on EURCAD.
Long
by ammadbashir14
1
update on eurcad,the eurcad buys played out as anticipated. NB : the analyses update on the eurcad sells was based on the potential of market reversing . tp on the iniatial buy was hit , we got out at tp one and sell limits were activated . the sells SL was hit proving the initial analysed based on todays buys was correct. the take away is ; constantantly be pattient and trust your setup . do not make unnecessary analyses and trade updates when market is moving on your direction . eurcad trades ended in break even as the sl was measured on the R:R from the initial profit from the buy tp one . no loses incurred .
Long
by charterprice
1
update on the eurcad trade trade conditions updated due to strong bearish side. overall if in profit , adjust to take profit and look to sell under the following conditions. If price reaches the 1.4630-1.4650 zone and shows rejection (e.g., bearish engulfing candle, break of structure), consider selling near this level. Aim for 1.4550 (previous OB-daily) as the primary target. Place it above the buyside liquidity zone at 1.4665-1.4670. Allow price to reach key liquidity zones before making trading decisions. 1.4630-1.4650 Zone (Buyside Liquidity): This area could act as a significant resistance where price may seek liquidity. you should watch for bearish rejection here. 1.4550 Zone (Previous OB-Daily/Internal Liquidity): This is a critical support zone where buying interest could emerge if the price continues downward.
Short
by charterprice
eurcad pontential buy trade .The chart shows a strong bearish movement overall (downtrend), with some signs of a potential corrective move to the upside (green arrow pointing toward liquidity above). If price remains above the internal range liquidity and begins moving upward, the gap fill scenario could play out, targeting higher levels. If price forms bullish confirmation (e.g., bullish candlestick patterns or breaking a key intraday resistance), consider buying around 1.4600-1.4610. Wait for price action to show clear signs of rejection (bearish) or momentum (bullish) in the identified zones. Check for any high-impact events (e.g., central bank speeches, economic reports) that could affect EUR or CAD pairs. Monitor related pairs (e.g., EUR/USD, CAD/USD) to align directional biases.
Long
by charterprice
Shorting EURCAD: From Eiffel Tower to Canadian Beaver Tails- Your One-Way Ticket to Profits LOL The Eurozone's got more cracks than a sidewalk after a monster truck rally. Seriously, their economy's shakier than a chihuahua with a sugar rush. Canadian loonie's about to get stronger than a hockey player after a double-bacon poutine. Get ready for the maple syrup to flow like profits into your account! Europe's on vacation mode, but their currency ain't invited. While they're sipping piña coladas, the loonie's gonna be working overtime, leaving the Euro in the dust. Shorting EURCAD is like betting on a snail race against a cheetah. It's pretty much a guaranteed win (unless that snail has a hidden jetpack, which, let's be honest, is unlikely). Imagine all the maple syrup-flavored Lamborghinis you can buy with your EURCAD short profits! Okay, maybe not Lamborghinis, but definitely enough poutine to make your taste buds do a happy dance. So there you have it, folks. Shorting EURCAD is a recipe for financial fun (and maybe a slight case of diabetes from all the poutine you'll be eating). But hey, winning trades and delicious Canadian treats? Sounds like a sweet deal to me!
Short
by FtradeFXArabic
EURCAD Massive Long! BUY! My dear subscribers, My technical analysis for EURCAD is below: The price is coiling around a solid key level - 1.4677 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.4821 My Stop Loss - 1.4623 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EUR/CAD Sellers Target Key Weekly Support Amid Weak Euro SentimeTechnical Analysis On the daily chart, EUR/CAD continues its downward movement after breaking out of a mild descending channel. Sellers have driven the price to the one-week low of 1.47112, reinforcing the current bearish sentiment. If sellers succeed in breaking through this key level, further downside targets are likely, with immediate supports at 1.46626, 1.46372, and ultimately at 1.46007. The presence of divergence between the Bollinger Bands, coupled with momentum oscillators pointing lower, clearly indicates that bearish forces dominate the market for the time being. However, if the price finds support at 1.47112 and bounces higher, resistance levels will come into play at 1.47795, followed by the major ceiling at 1.48900. A sustained break above 1.48900 would shift the broader outlook to bullish, signalling the potential end of the current downtrend. Key Events to Watch Investors will be closely watching Canadian inflation data related to raw material prices, which is expected to show a decline of 1.5% in October. Should the data surpass expectations, it could strengthen the Canadian dollar further, amplifying the downside pressure on EUR/CAD. Meanwhile, in Europe, speeches from ECB Governing Council members Elderson and Lane are scheduled, which could introduce some volatility for the euro.
Short
by Errante
EURCAD Poised for a Rebound From The Support ZoneEURCAD Poised for a Rebound From The Support Zone Yesterday, the price broke down from a Head and Shoulders pattern, moving down nearly 100 pips. EURCAD is about to test a strong support zone near 1.4700 - 1.4720. The support zone and an empty Economic Calendar could provide an advantage for the price to rise again, as shown on the chart. Targets based on the structure zone are: 🎯 1.4765 🎯 1.4792 🎯 1.4830 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
4
EURCAD: Bearish Momentum in PlayHello Traders, Trust trading has been awesome for you. Please find below my analysis of the EURCAD currency pair from H4 perspective. Trend & Sentiment The pair remains bearish, forming lower highs and lows. Sellers maintain control, though the current consolidation suggests temporary indecision, even though price is facing resistance around the 1.48591. Key Levels: Resistance: 1.48591 Support: 1.47211 Possible Movement A break below the equilibrium at 1.47993 could accelerate bearish momentum toward 1.47211 and 1.45831. A short-term pullback to the resistance at 1.48591 is possible (as we saw the buyers temporarily pushed above this region and closed back below it) but likely to face renewed selling pressure. Short-Term Target: 1.47800 Medium-Term Target: 1.47211 Long-Term Target: 1.45831. This trade may last from now till 22nd November or beyond to fully unfold. Conclusion The bias remains bearish, with a focus on the downside targets unless the price breaks above 1.48898 to challenge the trend. Cheers and happy trading!
Short
by Samuel124