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Lingrid | EURCAD Bearish Pullback In the Bullish TrendFX:EURCAD is pulling back from the resistance zone after reaching a recent top, with sellers taking control near 1.6225. The structure is still within an upward channel, but the market is correcting lower in an ABC move. Holding above 1.6040 would confirm the bullish bias remains intact. Momentum suggests this is a corrective dip before resuming the broader uptrend. 📉 Key Levels Buy trigger: Rebound from 1.6040 support Buy zone: 1.6035–1.6060 Target: 1.6116 and potentially 1.6225 Invalidation: Break below 1.6000 💡 Risks Failure of support at 1.6040 could extend bearish momentum. Stronger CAD fundamentals (oil price gains or BoC stance) may pressure EURCAD. Euro weakness from ECB outlook or macroeconomic data could delay recovery. If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
Long
by Lingrid
10
EURCAD Wave Analysis – 27 August 2025 - EURCAD reversed from resistance zone - Likely to fall to support level 1.6000 EURCAD currency pair recently reversed down from the resistance zone lying at the intersection of the upper daily Bollinger Band and the two daily up channels from July and May respectively. The downward reversal from this resistance zone created the daily Bearish Engulfing – which stopped the previous wave 3. Given the strength of the aforementioned resistance zone, EURCAD currency pair recently can be expected to fall to the next round support level 1.6000.
Short
by FxPro
EURCAD Divergence + Wave 5 Complete → Correction Ahead?EURCAD ( OANDA:EURCAD ) started to fall after entering the Potential Reversal Zone(PRZ) and hitting the Resistance line . The question is whether EURCAD will continue to fall in the coming hours or not!! EURCAD has already managed to break the Support lines and is moving close to the Support zone(1.612 CAD-1.600 CAD) . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks. In terms of Elliott Wave theory , it seems that EURCAD has managed to complete the main wave 5 , and we should wait for corrective waves . I expect EURCAD to drop to at least 1.601 CAD AFTER breaking the Support zone(1.612 CAD-1.600 CAD) . Second target: 1.597 CAD Third target: Support line Stop Loss(SL): 1.626 CAD Please respect each other's ideas and express them politely if you agree or disagree. Euro/Canadian Dollar Analyze (EURCAD), 4-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
9
Bearish drop?EUR/CAD is reacting off the pivot which is a pullback resistance and could drop to the 50% Fibonacci support. Pivot: 1.61186 1st Support: 1.59852 1st Resistance: 1.62249 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 IC Markets
3
EURCAD – Weekly Fibonacci MTF AnalysisDescription: Multi-timeframe analysis using Fibonacci retracement on EURCAD. The Fibonacci retracement is drawn from the swing low at 1.49 to the swing high at 1.6225. Key Levels: 0.382 (1.5722) → major support zone 0.618 (1.5874) → strong support, key bullish level 0.786 (1.6048) → current resistance/test area Extension 1.618 (1.6506) → long-term bullish target Scenarios: Bullish: If price holds above 1.6040 – 1.5980, next targets are 1.6225 and 1.6500 (Fibo extension). Bearish retracement: A break below 1.6040 could push the pair lower towards 1.5870 – 1.5720 support zone. Position Management: Stop Loss placed just below the previous closed weekly candle (weekly spike). Trailing Stop of 1–1.5 ATR, always adjusted below the latest weekly spike. Partial profits can be taken near 2.00, while the main bullish target remains 1.65 (Fibo extension). Conclusion: The weekly chart shows EURCAD testing the 0.786 retracement. As long as it holds, the broader trend remains bullish towards 1.62 – 1.65. Failure to hold above 1.6040 may trigger a deeper retracement to 1.5870/1.5720.
Long
by D26937754001
Potential bearish drop?EUR/CAD has rejected off the resistance level, which is a pullback resistance, and could drop from this level to our take profit. Entry: 1.61358 Why we like it: There is a pullback resistance. Stop loss: 1.62248 Why we like it: There is a swing high resistance. Take profit: 1.59842 Why we like it: There is an overlap support that aligns with the 50% Fibonacci retracement. 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 Vantage
EURCADPrice recently swept liquidity above the previous highs and immediately rejected, confirming a liquidity grab. This move also led to a market structure shift (MSS) to the downside. Currently, EURCAD is pulling back towards the supply zone (grey box), where sellers are expected to step in. If price respects this area, we could see continuation to the downside in line with the bearish structure. Key Points: Liquidity sweep above highs. Bearish market structure shift. Retest of supply zone in progress. Bearish continuation expected if rejection holds. 📉 Outlook: Bearish – potential downside targets lie towards 1.5950 – 1.5850 zone.
by Trader1mran
EUR-CAD Bullish Breakout! Buy! Hello,Traders! EUR-CAD is trading in a Strong uptrend and the Pair is made a bullish Breakout of the key Horizontal level of 1.6180 Which is now a support And as the breakout is Confirmed we will be Expecting a further bullish Continuation on Monday Buy! Comment and subscribe to help us grow! Check out other forecasts below too! 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 TopTradingSignals
1