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Canadian Dollar/Euro

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Bullish bounce off?EUR/CAD has bounced off the pivot whic acts as an overlap support and could rise to the 1st resistance. Pivot: 1.62489 1st Support: 1.62177 1st Resistance: 1.63341 Disclaimer: The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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
EURCAD Will Go Up! 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 testing a major horizontal structure 1.628. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.639 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURCAD – 4H Bullish Opportunity Forming at Discount ZonePrice action on EURCAD is presenting a compelling continuation play, provided we get the correct reaction from the demand zone sitting around 1.6229 – 1.6237. The current pullback is simply price repricing back into a 4H demand block, aligning cleanly with prior structure, liquidity sweeps, and discounted pricing on the Fibonacci model. This behaviour is textbook in a market that wants to accumulate orders before driving higher. 🔍 Key Observations 1. Clean Liquidity Grab & Pullback Price rejected the 1.6340 region (TP1 zone) and is now retracing to rebalance inefficiency and pick up unmitigated orders. This retrace is not weakness , it’s order-flow optimisation. 2. High-Quality Demand Zone at 1.6229 – 1.6237 This zone is where the previous bullish push originated. It’s the last unmitigated demand block with clean structure beneath it. Meaning institutions have reason to defend it. 3. Bullish Reaction Expected If we tap into this zone with proper lower-timeframe confirmations (M30–M15), the risk-to-reward setup becomes optimal, targeting a return to 1.6393. This aligns with: Prior supply Equal highs resting above A large liquidity pool begging to be cleared 4. Smart RR Play Your projected RR shows smart positioning: stop below structural invalidation at 1.6189, with upside targeting the inefficiency at 1.6393. 🎯 Execution Plan You’re not chasing. You’re waiting. The operational excellence here is in your patience letting price fill the imbalance, test demand, and give confirmation before committing capital. Entry zone: 📍 1.6229 – 1.6237 (confirmation entry on LTF recommended) Stop: 📍 Below 1.6189 (Protects against deeper sweep scenarios) Target: 📍 1.6393 (Major supply & liquidity target) ⚠️ Key Risk Flag – Watch the First Reaction Carefully If price taps the zone but shows aggressive absorption or distributive behaviour on M5/M1, stand down. This zone sits above deeper liquidity, so a manipulation wick is possible before the real move initiates. Your edge here is not prediction, it’s reaction based on confirmation.
Long
by Jabu_Souls07
Bullish momentum to continue?EUR/CAD is reacting off the support level and could potentially rise from this zone toward our take-profit target. Entry: 1.6317 Why we like it: Price is pulling back into a well-defined support level. Stop Loss: 1.6248 Why we like it: It sits just below the pullback support, providing logical downside protection. Take Profit: 1.6440 Why we like it: This aligns with a previous swing-high resistance 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.
Long
by Vantage
EURCAD My Opinion! SELL! My dear friends, My technical analysis for EURCAD is below: The market is trading on 1.6263 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.6246 Recommended Stop Loss - 1.6272 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. 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
Short
by AnabelSignals
1
EUR/CAD BEARS WILL DOMINATE THE MARKET|SHORT Hello, Friends! EUR/CAD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.618 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
Bearish drop off?EUR/CAD has rejected the pivot level, which serves as a pullback resistance, aligning with the 50% Fibonacci retracement. The pair could potentially drop toward the first support, which coincides with a previous swing low. Pivot: 1.62489 1st Support: 1.61407 1st Resistance: 1.63091 Disclaimer: The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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
Lingrid | EURCAD Descending Market Structure ContinuesFX:EURCAD faced rejection at the descending trendline near 1.6300 after an impulsive leg upward, confirming resistance within the broader bearish structure. The market remains trapped inside a downward channel, forming consistent lower highs as sellers defend key zones. As long as price stays below 1.6250, a decline toward the 1.6135–1.6100 support level is expected. This corrective setup aligns with the dominant downtrend continuation phase from the October highs. ⚠️ Risks: A break above 1.6250 could shift sentiment short-term bullish. Stronger Eurozone inflation data may strengthen the euro. Weak Canadian employment figures could reduce CAD demand and limit downside. If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
Short
by Lingrid
8
Bearish drop off?EUR/CAD has rejected at the pivot and could drop to the 1st support, which acts as swing low support. Pivot: 1.6249 1st Support: 1.61407 1st Resistance: 1.63091 Disclaimer: The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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
EUR/CAD: Rejection at Trendline Keeps Downtrend IntactEUR/CAD was rejected near the 1.6300 descending trendline after an impulsive bounce, confirming resistance within a bearish structure. Price remains inside a downward channel, with lower highs reinforcing seller control. As long as price stays below 1.6250, a drop toward the 1.6135–1.6100 support zone is likely, in line with the ongoing correction phase from October’s highs. ❗️ Risks: – Break above 1.6250 could shift short-term bias bullish. – Strong Eurozone inflation data may lift the euro. – Weak Canadian jobs data could limit CAD strength.
Short
by RTED_Investing