EURCAD: wedge at the top with bearish divergenceThe EUR/CAD pair has been trading within an ascending channel, but the 4H chart shows a rising wedge pattern, typically a reversal setup. Attempts to sustain above 1.64 have failed so far, while the CCI indicator shows a series of bearish divergences, highlighting weakening bullish momentum.
Techni
About Euro / Canadian Dollar
The Euro vs. the Canadian Dollar. The Euro is the second most popular reserve currency in the world and is considered to be very stable. The Canadian dollar is the seventh most commonly traded currency in the world and is highly dependent on Canada’s exporting of its natural resources, especially oil.
Related currencies
EURCAD | Wave E CompletedResistance: 1.6350 – 1.6360 (wave e top)
Sell Target: 1.6322 (first liquidity level)
Further downside possible if breakdown continues.
🔎 Elliott Wave Perspective:
ABCDE correction looks complete.
Market preparing for next impulsive leg down.
⚡ Bias: Bearish below 1.6360
🎯 Targets: 1.6322 / 1
EURCAD A Fall Expected! SELL!
My dear friends,
My technical analysis for EURCAD is below:
The market is trading on 1.6384 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.6339
About Used Indicators:
A pivot point is a technical analys
EUR/CAD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
Bearish trend on EUR/CAD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.620.
Discl
EURCAD: Pullback Depth Depends on Euro Data📊 EURCAD has been trending strongly to the upside, and my overall bias remains bullish 📈.
📰 That said, we have a key data release scheduled within the next hour or two that could provide direction for the euro.
🔎 If the data is positive for the euro, I’d expect only a shallow pullback before contin
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 Te
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of EURCAD is 1.63497 CAD — it has increased by 0.08% in the past 24 hours. See more of EURCAD rate dynamics on the detailed chart.
The value of the EURCAD pair is quoted as 1 EUR per x CAD. For example, if the pair is trading at 1.50, it means it takes 1.5 CAD to buy 1 EUR.
The term volatility describes the risk related to the changes in an asset's value. EURCAD has the volatility rating of 0.15%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The EURCAD showed a 0.79% rise over the past week, the month change is a 1.87% rise, and over the last year it has increased by 9.47%. Track live rate changes on the EURCAD chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
EURCAD is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade EURCAD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with EURCAD technical analysis. The technical rating for the pair is buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the EURCAD shows the buy signal, and 1 month rating is buy. See more of EURCAD technicals for a more comprehensive analysis.