Get started

Euro / Canadian Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

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.
Short
by Traderscope
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! 🚀
by naumanfx_
1
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
Short
by develuse
2
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.
Long
by ICmarkets
2
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: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
Heading into overlap resistance?EUR/CAD is rising towards the pivot and could reverse to the 1st support level which acts as a pullback support. Pivot: 1.4922 1st Support: 1.4796 1st Resistance: 1.5011 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
EUR/CAD 1H Technical AnalysisTrade Outlook: The pair is in an uptrend as price is trading above EMA 21, EMA 50, and MA 20. RSI at 76.29 is in the overbought zone, signaling a potential pullback or reversal. EMA 200 is above the price, suggesting potential resistance ahead. Potential Trade Setups: Trade # 1 Short Trade (Reversal Setup) Entry: 1.48550 - 1.48650 (Wait for rejection at EMA 200) Stop Loss: 1.48800 (Above EMA 200) Take Profit: 1.48200 - 1.48000 (EMA 50 Support) Trade # 2 Long Trade (Trend Continuation) Entry: 1.48200 - 1.48150 (Buy on dip near MA20/EMA21) Stop Loss: 1.48000 (Below EMA 50) Take Profit: 1.48700 - 1.48850 Conclusion: Bullish bias remains, but RSI signals possible short-term pullback. Monitor price action near 1.48550 - 1.48650 for a sell setup. Look for buying opportunities on dips near EMA 21 / MA 20. 📊 Wait for confirmation before entering a trade! 🚀 leave your comments boys!!!!
Short
by cryptotweezer
3
EURCAD Resistance , All eyes on SellingHello Traders In This Chart EURCAD HOURLY Forex Forecast By FOREX PLANET today EURCAD analysis 👆 🟢This Chart includes_ (EURCAD market update) 🟢What is The Next Opportunity on EURCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
2