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EURO REFERENCE RATE / CANADIAN DOLLAR

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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 +3% Trade Recap 10.10.25 In this recap I break down my EURCAD short position I took yesterday morning. I fully forecast this setup in the morning as per my forecast video, and then executed later that day. Manually closing for just under 3% profit at the intended target. Full explanation as to why I executed on this position, using the 4H to my advantage but also understanding price was due a deeper pullback, but these pullbacks do not always happen. Any questions you have just drop them below 👇
by JordanWillson
14
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
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
Swing Continuation Play Long On EURCADthis is a purely technical trade, don't know (or care) about the fundamentals, EURCAD has been bullish on the 4HR and Daily chart for a long time now, and no reason to assume it's over, also even if it was over, I believe there is a high chance we retest previous highs in either case. 4 scenarios might occur in this case: a higher low reversal where i'd miss the trade or look for lower timeframe pullbacks after a move up, an equal low reversal where i'd enter the trade with minimal drawdown, a lower low followed by pulling back up above the support and continue higher, or we rip right through the lows and I lose this trade. i might take profit early if we push up very much very quickly near the original TP, i will not move the stop as even if the trade would win, it's very possible that price creates and breaks several lows before going in my favor.
Long
by amirch99
1
EURCAD – Waiting for the Perfect ConfluenceEURCAD remains overall bullish while trading inside a rising channel. At the moment, price is approaching the intersection of the channel’s lower trendline and the horizontal structure zone. That’s where I’ll be watching closely for trend-following long setups, ideally a rejection or reversal confirmation around that confluence area. As long as this structure holds, the bulls remain in control, and we could see a continuation toward the upper bound of the channel. ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀 All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
1
Trade Setup (BUY Position)I’m entering a buy position from a key demand zone, where price previously showed strong rejection and formed a potential double-bottom structure. The recent bullish reaction from this support area indicates renewed buying pressure. My stop loss is placed just below the structural low to protect against false breakouts, while the take-profit target is aligned with the upper trendline, where potential resistance may appear. This trade follows the overall market structure shift, anticipating a continuation toward higher highs as long as the price maintains above the identified demand zone. Key Highlights: Entry: Near 1.6237 (support zone retest) Stop Loss: Below 1.6197 (structural low) Take Profit: Around 1.6403 (trendline resistance) Risk-to-Reward Ratio: Approximately 1:3 Bias: Bullish continuation following a correction
Long
by The_Trading_G3ek
Short position in EURCADHello friends Following the analysis of EUR/CAD a few days ago that the ascending trend line broke and a pivot formed, considering the price pullback to the broken ascending trend line, a suitable position has been created to take a Sell. Please observe capital management and risk management and adhere to your stop loss in the position. SL: 1.64500 TP1: 1.61200 .......100 Fibonacci projection on wave abc TP2: 1.59800 .......161.8 Fibonacci projection on wave abc As the price advances to the specified targets, the analysis will continue and the new trad position will be updated. Follow me to be the first to know about low-risk trading opportunities. ---------------------------------------------------------------------------------------------------------- سلام دوستان پیرو تحلیل چند روز پیش جفت ارز یورو/دلار کانادا مبنی بر شکست خط روند صعودی و تشکیل یک پیوت، با توجه به بازگشت قیمت به خط روند صعودی شکسته شده، موقعیت مناسبی برای فروش ایجاد شده است. SL: 1.64500 TP1: 1.61200 .......100 Fibonacci projection on wave abc TP2: 1.59800 .......161.8 Fibonacci projection on wave abc لطفاً مدیریت سرمایه و مدیریت ریسک را رعایت کنید و در موقعیت، حد ضرر خود را رعایت کنید. با پیشروی قیمت به سمت اهداف مشخص شده، تحلیل ادامه یافته و موقعیت جدید معامله بروزرسانی می‌شود. برای اطلاع از فرصت‌های معاملاتی کم ریسک، من را فالو کنید.
Short
by morteza_javidi
Bearish reversal off pullback resistance?EUR/CAD is rising towards the resistance level, which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.62549 Why we like it: There is a pullback resistance level that lines up with the 38.2% Fibonacci retracement. Stop loss: 1.6398 Why we like it: There is a swing high resistance level. Take profit: 1.60909 Why we like it: There is a pullback support level that is slightly below 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
Bullish bounce off?EUR/CAD has bounced off the pivot, which is a pullback support, and could rise to the 1st resistance. Pivot: 1.6186 1st Support: 1.6119 1st Resistance: 1.6306 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 ICmarkets
EUR/CAD LONG FROM SUPPORT Hello, Friends! EUR/CAD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 9H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.629 area. 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✅
Long
by EliteTradingSignals
1
EURCAD: Expecting Bearish Movement! Here is Why: Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURCAD pair which is likely to be pushed down by the bears so we will sell! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️ Please, support our work with like & comment! ❤️
Short
by UnitedSignals
1