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EURCAD ShortHello everyone. When I was making my Daily Market Breakdown for today I came across this possible short position on EURCAD. On the chart we can see that price has showed a big bearish reaction from our 1.64000 level. We got 3 big daily bearish candles indicating a lot of bearish momentum. With al this bearish momentum we broke through the 1.62500 zone. This zone was previously used as support and resistance. Now I am waiting for a pullback into this zone to take a possible short position. Be carefull: as of now we are rejecting from the 1.62000 level. This is a strong level of support as well.
Short
by JarneW
1
EUR/CAD: Testing Support with Potential for Bullish CorrectionEUR/CAD is currently testing the 1.6210 support zone following a sharp rejection from the 1.6400 resistance ceiling. Price action is completing an A-B-C corrective structure near the upward support line, suggesting a possible rebound. As long as 1.6200 holds, a short-term recovery toward the 1.6280–1.6340 area remains likely. The broader structure points to a bullish correction developing within the context of a larger descending trend.
Long
by RTED_Investing
9
EURCAD REVERSAL BREAK BELLOWPattern Analysis: The chart clearly forms a Rounded Top (Reversal Pattern) — a typical sign of a transition from bullish to bearish momentum. The previous uptrend channel (green ascending box) was broken to the downside, confirming a loss of bullish strength. Price has retested the broken channel and is now rejecting downward, indicating confirmation of a bearish continuation. ⚙️ Key Levels: Current Price: 1.6203 Immediate Resistance: 1.6250 – 1.6280 (recent retest zone) Target 1: 1.6110 – 1.6120 Final Target: 1.6050 – 1.6010 (major support zone and lower boundary of previous structure) Trading Plan Suggestion (for informational purposes only): > Bias: Bearish Sell Zone: Around 1.6230 – 1.6260 (if price retests resistance) Targets: 🎯 1st Target: 1.6110 🎯 Final Target: 1.6050 Stop Loss: Above 1.6300 (to protect from false breakouts)
Short
by Zickey_11
Bullish reversal?EUR/CAD is reacting off the pivot, which has been identified as an overlap support that aligns with the 50% Fibonacci retracement and could bounce to the 1st resistance. Pivot: 1.62154 1st Support: 1.61276 1st Resistance: 1.63021 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 IC Markets
Lingrid | EURCAD False Breakdown Reversal Long SetupThe price perfectly fulfilled my previous idea . FX:EURCAD is testing the 1.6210 support after a sharp rejection from the 1.6400 resistance ceiling. Price action shows an A-B-C corrective structure completing near the upward support line, hinting at potential rebound strength. As long as 1.6200 holds, short-term recovery toward 1.6280–1.6340 remains on the table. The broader setup implies a potential bullish correction inside the larger descending structure. ⚠️ Risks: A clear break below 1.6200 could extend losses toward 1.6100 support. Weak euro fundamentals or stronger CAD sentiment could pressure upside recovery. Volatility around oil prices or ECB commentary may cause intraday trend distortions. 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
4
EURCAD is attempting to reverse the trend. Retest of support. The ascending wedge is a bearish pattern. The currency pair is not ready to continue its growth, facing pressure from resistance. The bullish trend may enter a correction phase. The currency pair breaks the wedge support, forming a local minimum of 1.6262, which is a support zone, the breakout of which will provoke a further decline. The reaction is weak, and the price returns to support for a retest, which only increases the chances of a further decline. A close below 1.6262 will confirm the trend reversal
Short
by AndeWave
3
EURCAD is in The Bullish TrendHello 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
EURCAD: How to Trade Liquidity Grab 🇪🇺🇨🇦 EURCAD is testing a significant rising trend line on a daily. We see a trap and a false violation of that on an hourly time frame. To confirm that was a liquidity grab, I will look for a CHoCH and an hourly candle close above 1.6288. It will provide a strong bullish signal. An up movement will be expected at least to 1.63175 then. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
1
EURCAD Will Go Up! Buy! Please, check our technical outlook for EURCAD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.628. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.638 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURCAD Sellers In Panic! BUY! My dear friends, Please, find my technical outlook for EURCAD below: The price is coiling around a solid key level - 1.6329 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.6360 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURCAD This image displays an hourly candlestick chart for the Euro/Canadian Dollar (EUR/CAD) currency pair from the OANDA brokerage, covering the period from late August to early October 2025. Market Trend and Channel Analysis The chart clearly shows the EUR/CAD pair is in a strong uptrend, moving within a well-defined ascending parallel channel. Channel Boundaries: The pair has been consistently respecting the lower and upper boundaries (blue lines) of this channel, indicating a persistent bullish sentiment. Mid-Channel Line: A dashed line runs through the center of the channel. This line often acts as an intermediate support or resistance level, with the price action moving between it and the main boundaries. Key Price Levels and Indicators Current Action The price is currently near the upper boundary of the ascending channel. This often suggests the possibility of a temporary pullback or a decisive breakout attempt. The price is also sitting just below a key resistance level marked by the red horizontal line at approximately 1.63902. Support and Resistance Immediate Resistance: 1.63902 (red line). A breakout above this level would confirm stronger momentum. Immediate Support: The lower boundary of the red horizontal box, which aligns with the moving averages and the top of the price congestion area, around 1.63351 and 1.63692. Previous Support/Congestion: A wider, shaded pink horizontal box around 1.61900 likely represents a previous zone of support and consolidation before the current leg up. Moving Averages The chart includes two Moving Averages (MAs), one in black and one in red, which appear to be the 50-period and 200-period MAs, respectively (common configurations). The shorter-term (black) MA is consistently above the longer-term (red) MA, and both are sloping upward, which is a classic bullish signal (a "Golden Cross" on a larger timeframe or sustained positive MA alignment). Crucially, the price action is trading above both moving averages, which are acting as dynamic support, reinforcing the uptrend. Potential Trade Setup (Indicated Box) The green and red boxes on the right side of the chart suggest a potential trade idea: Entry/Breakout Zone: The price is hovering around the potential entry zone. A sustained move above the 1.63902 resistance and the channel's upper boundary would signal a breakout. Target (Take Profit): The shaded green box (Take Profit level) is set near 1.65149, implying the expectation of continued upward momentum following a breakout. Stop Loss: The shaded red box (Stop Loss level) is placed near 1.63323, just below the immediate support and moving averages, suggesting a strict exit if the upward momentum fails. Conclusion The EUR/CAD pair is in a strong upward channel. The immediate question for traders is whether the price will: Breakout above the channel and the 1.63902 resistance to test higher levels (the scenario outlined by the trade boxes). Pullback from the upper channel boundary towards the mid-channel line or the dynamic support provided by the moving averages. The current price action is tight against resistance, suggesting an imminent move.
Long
by aaqureshi01