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EURCAD trade ideas

EURCAD Will Go Lower! Short! Here is our detailed technical review for EURCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.616. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.612 level. 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. 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 subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
EURCAD → Countertrend correction before growthFX:EURCAD is forming a correction to the support zone against the backdrop of temporary stagnation of the euro, which is the previous extreme from July 1... EURCAD is forming a countertrend correction within the global bullish trend. The euro is gradually rising amid the fall of the dollar. The Canadian dollar is consolidating below strong medium-term resistance and may continue its decline, which will only support the bullish trend in EURCAD Technically, the price is entering a liquidity zone, with a point of interest at 1.61 - 1.609, locally at 1.61225, where the upward support line also passes... Support levels: 1.6122, 1.6100 Resistance levels: 1.618, 1.625 The main focus is on the specified support zones. If, after a false breakdown of the point of interest, the bulls are able to keep the price above the support zone, then in this case we can expect a possible continuation of the trend. Otherwise, the local trend may be broken and the market will go into a deep correction... Best regards, R. Linda!
Long
by RLinda
11
EUR/CAD BEST PLACE TO SELL FROM|SHORT Hello, Friends! EUR-CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.610 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/CAD pair. 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
EURCAD Keep looks a bullish correction EURCAD is currently forming a bullish correction, supported by a temporary stagnation in the Euro and weakness in the Canadian dollar. Despite the Euro's limited momentum, it remains relatively stronger amid the broader decline of the US dollar, indirectly supporting Euro appreciation. Meanwhile, the Canadian dollar is struggling below a strong medium-term resistance, which may open further downside potential and reinforce EURCAD’s upward trend. Technical Outlook: The pair is approaching a key support zone around 1.6150, where buying interest may increase A rebound from this level would likely confirm the continuation of the bullish correction If price holds above 1.6150 and breaks recent minor highs, a short-term target of 1.6250 becomes viable. You may find more details in the chart, Ps; Support with like and comments for better analysis Thanks for Supporting.
Long
by MrMartin_11
7
Bearish reversal off pullback resistance?EUR/CAD has rejected off the resistance level which is a pullback resistance that lines up with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.61289 Why we like it: There is a pullback resistance that lines up with the 38.2% Fibonacci retracement. Stop loss: 1.61778 Why we like it: There is a swing high resistance. Take profit: 1.60416 Why we like it: There is a pullback support that is slightly above the 127.2% Fibonacci extension. 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 VantageMarkets
1
EURCAD POSSIBLE BUY SETUP ***RISK MANAGEMENT***This EUR/CAD (30m chart) shows a clear bullish structure after a Break of Structure (BOS) to the upside. Price retraced into a marked demand zone (highlighted in blue), aligning with institutional order flow concepts. The long entry is positioned within this zone, with a stop-loss just below the demand (red zone) and a take-profit target (TP1) at the recent high around 1.62000. Currently, price is pulling back strongly into the demand area, offering a potential buy opportunity if the zone holds. The risk-to-reward ratio is favorable, provided price respects the demand and resumes bullish momentum
Long
by ntulilwageophrey
1
EURCAD Breakout and Retest , All Eyes on BuyingHello 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
EUR/CAD – 93% Traders Are SHORT! Bearish Reversal Brewing?The EUR/CAD pair is currently in a bullish trend, but multiple technical and sentiment signals are pointing toward a possible trend reversal. 🔍 Key Observations: Trend: Bullish (but losing momentum) Bearish Divergence: Price making higher highs while RSI indicators show lower highs. Pattern: Rising Wedge – a classic bearish reversal formation. Harmonic Analysis: AB=CD pattern is approaching the potential reversal zone (PRZ). EMA Insight: Price candles have moved across the 20 EMA and 50 EMA, signaling weakening bullish momentum. Sentiment (Myfxbook.com): 93% of traders are currently short on EUR/CAD — strong crowd bias toward the downside. 📌 Trade Setup: Bias: Bearish Strategy: Sell Stop at breakout of previous Higher Low (HL) Entry Price (EP): Sell Stop @ 1.59755 Stop Loss (SL): 1.60626 Take Profit 1 (TP1): 1.58884 (R:R = 1:1) Take Profit 2 (TP2): 1.58013 (R:R = 1:2) Lot Size: 0.15 Risk: $200 | Potential Reward: $200–$300 💡 Trade Execution Plan: We will enter only after HL breakout confirmation to avoid false moves. This setup aligns Rising Wedge pattern, Bearish Divergence, EMA cross weakness, Harmonic PRZ zone, and bearish sentiment — a powerful confluence for a potential downside move. 📊 Technical Summary: Combining price action, chart patterns, harmonics, momentum, and trader sentiment gives this short setup high probability. 📢 Your Turn: What’s your take on this trade? Will the market follow the 93% bearish sentiment, or could this be a trap? 💬 Drop your analysis in the comments, let’s discuss! 👍 Like, 🔁 Share, and Follow for more trade setups & technical breakdowns. #EURCAD #Forex #ForexTrading #BearishReversal #PriceAction #HarmonicPatterns #TechnicalAnalysis #EMA #Divergence #TradingView #ChartPatterns #SwingTrading #ForexSetups #ABCDPattern #PriceActionTrading #ForexSignals #RisingWedge #1HRTimeFrame #ForexLife #DayTrading #MarketSentiment #Myfxbook
Short
by asimafridi
13
EUR/CAD - H1 - Flag Breakout (15.08.2025)The EUR/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Bullish Flag Pattern 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 – 1.6165 2nd Resistance – 1.6201 🎁 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. 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 KABHI_TA_TRADING
23
EUR/CAD Clears 2018 HighEUR/CAD clears the 2018 high (1.6153) as it climbs to a fresh yearly high (1.6177), with the rise in the exchange rate pushing the Relative Strength Index (RSI) toward overbought territory. A move above 70 in the RSI is likely to be accompanied by a further advance in EUR/CAD like the price action from earlier this year, with a move/close above 1.6220 (50% Fibonacci extension) opening up the 1.6350 (78.6% Fibonacci retracement) to 1.6390 (61.8% Fibonacci extension) zone. However, lack of momentum to push/close above 1.6220 (50% Fibonacci extension) may keep the RSI below 70, with a move below 1.6050 (38.2% Fibonacci extension) bringing 1.5950 (100% Fibonacci extension) on the radar. --- Written by David Song, Senior Strategist at FOREX.com
by FOREXcom