Downtrend in EURCADIt started exactly like the EURCAD downtrend analysis and showed areas where we were likely to react. We could be short this currency pair in the updates at the points mentioned.
EUXCAD trade ideas
EURCAD to resume bearishDaily candle closed with strong bearish.
i'm expecting another bearish bias today.
wait for retracement and confirmation in lower timeframe.
calculate your own risk & reward.
Good Luck
EURCAD Short ideaEURCAD
1. Bearish Divergence (Price vs RSI)
Price Action: Made a higher high.
RSI Indicator: Made a lower high.
This is a classic bearish divergence, which can signal weakening bullish momentum and a potential downside reversal
2. Potential Reversal Zone
Price recently hit 1.62413 (resistance) and rejected from that level.
There’s a bearish candle forming after that resistance test — this reinforces the idea of a possible short-term pullback
3. Support Levels to Watch
Immediate support near 1.61150.
If that breaks, next major zone lies around 1.6000 psychological level.
EURCAD Will Go Up! Buy!
Please, check our technical outlook for EURCAD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.605.
The above observations make me that the market will inevitably achieve 1.619 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.
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EUR/CAD🔹 Trading Outlook
Bullish Case (preferred if breakout holds):
Entry: On retest of 1.6050 – 1.6060 support (previous resistance).
Target 1: 1.6100
Target 2: 1.6140
Stop-loss: Below 1.6020
Bearish Case (if breakout fails):
Short on rejection back under 1.6040.
Target: 1.6000 – 1.6020
Stop-loss: Above 1.6100
EUR-CAD Will Go UP! Buy!
Hello,Traders!
EUR-CAD is trading in a
Local uptrend and the pair
Made a local correction
But will soon retest a
Horizontal support of 1.608
From where we will be expecting
A further move up as we
Are locally bullish biased
Buy!
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EUR/CAD Under PressureEUR/CAD is under pressure after failing to close above 1.6220 (50% Fibonacci extension), and lack of momentum to hold above 1.6050 (38.2% Fibonacci extension) may push the exchange rate toward 1.5950 (100% Fibonacci extension).
A move/close below 1.5830 (23.6% Fibonacci extension) brings the monthly low (1.5805) on the radar, with the next area of interest coming in around 1.5590 (78.6% Fibonacci extension).
At the same time, EUR/CAD may defend the advance from the start of August should it struggle to close below 1.6050 (38.2% Fibonacci extension) but need a close above 1.6220 (50% Fibonacci extension) to open up the June 2009 high (1.6326).
--- Written by David Song, Senior Strategist at FOREX.com
EURCAD: Market of Sellers
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!
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EURCAD Bearish PatternWe are looking for a bearish trade on EURCAD this week.
We will just wait for the breakout
Daily Order Block ReactionPrice is tapping into the daily order block.
We’ll be looking for buy opportunities above these zones.
EURCAD Wave Analysis – 27 August 2025
- EURCAD reversed from resistance zone
- Likely to fall to support level 1.6000
EURCAD currency pair recently reversed down from the resistance zone lying at the intersection of the upper daily Bollinger Band and the two daily up channels from July and May respectively.
The downward reversal from this resistance zone created the daily Bearish Engulfing – which stopped the previous wave 3.
Given the strength of the aforementioned resistance zone, EURCAD currency pair recently can be expected to fall to the next round support level 1.6000.
EURCAD - Looking To Sell Pullbacks In The Short TermH1 - Strong bearish move.
No opposite signs.
Expecting bearish continuation until the two Fibonacci resistance zones hold.
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EUR/CAD Sell ConfirmedHi Traders.
We saw a breakout from the ascending channel and LTF continuation developed.
Now we also see the breakout from the LTF continuation correction.
This is the confirmation for my setup, so i entered the trade.
EURCAD SELLING OPPORTUNITY AROUND 1.62200EURCAD made bullish flag and trying to reach on its destination.After reaching on daily fvg around 1.62200 . We will get sell opportunity.
Eurcad H1EURCAD is trying to approach to its support and H1 OB .... Here we can find a buying opportunity with short SL below the h1 OB ... just wait buying setup and go for buying.
EURCADPrice recently swept liquidity above the previous highs and immediately rejected, confirming a liquidity grab. This move also led to a market structure shift (MSS) to the downside.
Currently, EURCAD is pulling back towards the supply zone (grey box), where sellers are expected to step in. If price respects this area, we could see continuation to the downside in line with the bearish structure.
Key Points:
Liquidity sweep above highs.
Bearish market structure shift.
Retest of supply zone in progress.
Bearish continuation expected if rejection holds.
📉 Outlook: Bearish – potential downside targets lie towards 1.5950 – 1.5850 zone.
EUR/CAD LONG FROM SUPPORT
Hello, Friends!
It makes sense for us to go long on EUR/CAD right now from the support line below with the target of 1.611 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EURCAD – Potential Short OpportunityEURCAD is currently at a very good level for a short position.
If you spot a valid sell signal, you can consider entering.
In case the level breaks, a long position could also be possible — but you need to be very experienced to distinguish between a fake breakout and a real one.
EURCAD: Expecting Bullish Continuation! Here is Why:
The analysis of the EURCAD chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers.
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BUY EURCADEURCAD Buy Idea. We should see strong bullish movement on EURCAD heading into Wednesday. Later this week, EURCAD will continue the bearish trend. We buy for now.
EUR/CAD📉 EUR/CAD – Short Setup
Sell Stop: 1.6196
TP: 1.6162
SL: 1.6240
Rejection at channel top → targeting pullback
EURCAD Short Term Opportunity.I expect to retrace to 1.5990. Another good chance for short trade. 1.61-1.1650 zone is good to go..
