Get started

Euro / Canadian Dollar

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

EURCAD trade ideas

EURCAD – Bullish Continuation Toward 1.54850OANDA:EURCAD is currently trading within an ascending channel, indicating a strong bullish structure. The price has broken above a key resistance zone and now pulled back for a retest. This area previously acted as resistance and may now serve as support, aligning with a potential bullish continuation. If buyers confirm support at this level, the price is likely to move upward toward the 1.54850 level, which represents a logical target for this setup. Conversely, a failure to hold support could signal a potential bearish shift. Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions. Let me know your thoughts or any additional insights you might have! 🚀
Long
by DanieIM
1
EUR/CAD Technical Analysis – Price Rejection at Key ResistanceEUR/CAD has reached its highest level since August 2024, touching a major resistance zone. However, instead of breaking higher, the price has faced strong rejection, indicating that sellers have stepped in with force. The pair tested a critical resistance level but failed to break through, signaling a potential shift in momentum. The rejection suggests that buyers may be losing control, giving sellers an opportunity to push prices lower Downside Targets: The next potential target for sellers is 1.50000, a psychological and technical support level. If selling pressure remains strong, the second downside target is 1.48800
Short
by Pipsview_Analysis
EURCAD SELL / BUY TRADE PLANS🔻 PRIMARY TRADE – SELL SETUP (1.5300 – 1.5350) SELL ENTRY 🔹 Aggressive Entry: Sell Limit at 1.5300 – 1.5350 (Institutional Supply Zone). 🔹 Confirmation Entry: Wait for bearish rejection (Fakeout, Engulfing, or Pin Bar) below 1.5300. 🔹 SL: 1.5380 (Above liquidity grab & invalidation zone). 🔹 TP1: 1.5220 (Nearest support, move SL to breakeven). 🔹 TP2: 1.5150 (Liquidity target). 🔹 TP3: 1.5080 – 1.5050 (Full bearish target). ✅ Risk-Reward Ratio: 1:3+ 🎯 Confidence Level: ✅✅✅✅ (Strong Technical & Liquidity Confluence). 📌 Reasons for confidence level: 🔹 Price is overextended into key resistance & supply zone (1.5300 – 1.5350). 🔹 Multiple rejections near 1.5300, indicating institutional selling. 🔹 Bearish divergence forming on volume (weakening buyers). 🔹 Potential liquidity grab above 1.5300 before reversal. 🟢🔄 Ultra-Refined Buy Trade Plan 🔹 Aggressive Entry: Buy Limit at 1.5020 – 1.4980 (Refined Institutional Demand Zone). 🔹 Confirmation Entry: Wait for bullish rejection (Wick Rejection, Bullish Engulfing, or Fakeout) above 1.5000. 🔹 SL: 1.4950 (Below liquidity grab & invalidation zone). 🔹 TP1: 1.5080 (Nearest resistance, move SL to breakeven). 🔹 TP2: 1.5150 – 1.5180 (Extended move based on liquidity). 🔹 TP3: 1.5250 – 1.5300 (Full bullish target). ✅ Risk-Reward Ratio: 1:3+ 🎯 Confidence Level: ✅✅✅✅ (High, due to strong liquidity grab confluence). 📌 Why consider buying here? 🔹 Price would retrace deeper into institutional demand at 1.5020 – 1.4980. 🔹 Fair Value Gap (FVG) + 50% – 61.8% Fibonacci retracement align in this area. 🔹 Previous liquidity grab zone confirms high-probability reaction. 🔹 Potential smart money accumulation area before reversal.
by jibkhan111
20
EURCAD BULLISH FOR 200PIPS1. Technical Analysis Trend Indicators: If EURCAD is in an uptrend on the 4-hour or daily charts, you might expect continued bullish momentum. Support Levels: Look for key support levels that the pair has held above recently. If EURCAD is bouncing off a support zone (such as a moving average or horizontal support), it may provide a strong signal for a bullish move. Resistance Levels: The pair should be approaching a resistance zone for you to consider the potential for 200 pips higher. If it breaks through a significant resistance level, that could signal further upward movement. Technical Indicators: Bullish signals on indicators like the Relative Strength Index (RSI) or moving average crossovers might support a bullish outlook. Look for signs of momentum, such as higher highs or MACD signals. 2. Fundamental Analysis Economic Data: EURCAD’s movement is influenced by economic reports from both the Eurozone and Canada. Strong economic data (like GDP, inflation, or employment reports) from the Eurozone could give EUR a boost, while weaker economic performance in Canada (such as falling oil prices or weaker employment reports) could drag down the CAD. Central Bank Policies: Look at the interest rate decisions or any commentary from the European Central Bank (ECB) and the Bank of Canada (BoC). A more dovish stance from the BoC or a more hawkish stance from the ECB could influence EURCAD upwards.
Short
by LORDOFTHETRADERS
EURCAD Is Bullish! Buy! Here is our detailed technical review for EURCAD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.501. The above observations make me that the market will inevitably achieve 1.509 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Bullish bounce?EUR/CAD is falling towards the pivot which is a pullback support and could bounce to the 1st resistance. Pivot: 1.5106 1st Support: 1.4993 1st Resistance: 1.5258 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
EUR/CAD Buy @ Support ZoneThe EUR/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a AB=CD Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 1.5128 2nd Resistance – 1.5185 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Long
by KABHI_TA_TRADING
8
EURCAD at Key Resistance Zone - Potential Drop to 1.50180OANDA:EURCAD has reached a significant resistance zone, marked by prior price rejections, suggesting strong selling interest. This area has previously acted as a key supply zone, increasing the likelihood of a bearish reversal if sellers regain control. If the price confirms resistance within this zone through bearish price action (e.g., wicks or rejection candles), we could see a move toward 1.50180, which represents a logical target based on recent structure. However, if the price breaks and holds above this resistance area, the bearish outlook may be invalidated, potentially opening the door for further upside. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Short
by TrendDiva
3
EURCAD - Nearing A Massive Resistance!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per our last EURCAD analysis, it rejected our blue support zone and traded higher. What's next? 📈EURCAD has been overall bullish, trading within the rising channel, however it is currently retesting the upper bound of the channel. Moreover, the red zone is a strong resistance zone. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the resistance and upper blue trendline acting as a non-horizontal resistance. 📚 As per my trading style: As #EURCAD approaches the red circle, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TheSignalyst
12
EURCAD My Opinion! SELL! My dear subscribers, My technical analysis for EURCAD is below: The price is coiling around a solid key level - 1.5098 Bias - Bearish Technical Indicators: Pivot Points Lowanticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.4998 My Stop Loss - 1.5155 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
Short
by AnabelSignals
1
EURCAD: Wave 4 Nearing Completion, Wave 5 on the HorizonIt looks like we have completed or are close to completing wave 4 for EURCAD. Since wave 2 retraced to the 61.8% Fibonacci level, the fourth wave should be shallower, with a likely completion around the 38.2% Fibonacci retracement level. Additionally, the formation of wave 4 aligns with a price channel connecting the first three waves, reinforcing the overall structure. Once wave 4 is confirmed, I expect further market growth in wave 5, continuing the broader trend.
Long
by The_Traders_Memoirs
EURCAD Approaching Major Resistance — Potential Sell OpportunityOANDA:EURCAD is approaching a significant resistance zone, a level where sellers have consistently stepped in, leading to notable bearish reversals in the past. This area is marked by strong selling interest and historical price reactions, increasing the likelihood of bearish move if sellers regain control. The current price action suggests that if the pair confirms resistance through signals like bearish engulfing candles, long upper wicks, or increased selling volume, we could see a downward move toward 1.49830 — a logical target based on previous price behavior and market structure. However, if the price breaks above this zone and sustains, the bearish outlook may be invalidated, opening the door for further upside. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Short
by TrendDiva
2
EURCAD - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈EURCAD has been in a correction phase and it is currently approaching the lower bound of the blue channel. Moreover, the green zone is a strong support zone. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #EURCAD approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TheSignalyst
19