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EURO REFERENCE RATE / CANADIAN DOLLAR

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EURCAD: Swing HIGHLet’s discuss what the kids have been up to. The AUD, CHF, and JPY were quiet last week. Canada had slight growth with their consumer price. This growth has little to no major impact on their inflation and creates the possibility for them to trim their central bank rate. However EURO didn’t have much to say. The European Central Bank President spoke but didn’t give insight on the ECB’s intentions for their central bank meeting this week. The manufacturing and services purchasing managers index wasn’t insightful either with slight and stationary growth. GBP yearly consumer price remained the same while their flash manufacturing and services didn’t grow past 50 signaling the UK may still be in contraction and NZD quarterly CPI grew to 1% indicating that it more then likely will increase the economies inflation. It’s still unclear how these numbers will affect these currencies and their central bank decisions. Lastly is our favorite Economy…The United States Dollar The USD was unsurprisingly chatty sharing their consumer price index which was reported lower than expectations and purchasing managers index that grew slightly. These numbers may just encourage the FOMC to lower the interest rate at the meeting this week since prices are going down while businesses activity may just be picking up. With the amount of uncertainty surrounding this economy it’s hard to say what will happen. The market appears to still be in Fear so I guess we will just have to wait and see what happens 🤷🏽‍♀️.
Long
by NKE_TheAn0maly
EURCAD On the daily timeframe, the market shows a clear bullish structure, characterized by a consistent sequence of higher highs and higher lows, confirming that bullish momentum remains dominant. The overall price action reflects strong buying pressure and structural integrity, suggesting a continuation of the upward trend. After identifying this directional bias, I scaled down to the 2-hour timeframe (H2) to look for a precise entry confirmation aligned with the main bullish structure. On this lower timeframe, a clear confirmation setup appeared — including a minor structure break, mitigation of the last point of interest, and signs of bullish volume entering the market. These confluences validated the continuation of the move in favor of the higher-timeframe trend. The trade was planned with a 1:3 risk-to-reward ratio, ensuring efficient risk management while maximizing potential profit if the bullish impulse continues. The Take Profit (TP) was set at the projected extension of the impulsive leg, while the Stop Loss (SL) was placed just below the last relevant swing low to maintain structural consistency and protect the position. In summary, this trade idea combines a higher-timeframe bullish structure, a lower-timeframe confirmation entry, and solid risk management, aiming to capitalize on the continuation of institutional order flow in the bullish direction.
Long
by jchavez10_
EURCAD: Another Trend Line Based Opportunity 🇪🇺🇨🇦 EURCAD may continue rising after a test of a solid rising trend line on a daily. A formation of a double bottom pattern accompanied by a bullish Change of Character on an hourly time frame indicates a strong buying interest. Goal - 1.6305 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
5
EURCAD EUR/CAD 4H chart shows a bullish setup after a strong corrective move into a key demand zone. Price is currently rebounding from support around 1.6220–1.6250, suggesting potential for an upside continuation. A clean break and retest of the mid-zone could trigger momentum toward the 1.6400 resistance area — the marked target level. Buyers are expected to step in from the current demand zone, maintaining the bullish structure for a potential rally continuation. "Thank you for your support! If you found this idea valuable or learned something new, please consider liking and leaving a comment. I’d really appreciate hearing your feedback and thoughts.
Long
by Pintu_sahu01
4
EURCAD Looking Bullish Trend to wardsThe EUR/CAD pair is currently in a bullish trend, consolidating after a recent pullback toward a key support zone. The euro has established a strong support area, indicating that buyers may soon regain control. Although price is currently showing signs of a temporary decline, the broader trend remains upward. A bullish reaction from the current support area could trigger a rebound. However, traders should watch for a possible false breakout below the support before the next upward move If the price successfully reacts from the current level, the next resistance zone is expected between 1.6350 and 1.6500. You may find more details in the chart. Trade wisely best of Luck. Ps; Support with like and comments for better analysis thanks for Supporting
Long
by MrMartin_11
13
EURCAD - Bounce Play at the Rail!EURCAD has been respecting its ascending channel beautifully , bouncing between the rails like clockwork. And right now, price is once again retesting the lower trendline, where buyers have consistently stepped in before launching new bullish waves. 🏹As long as this trendline and minor support around 1.62 hold firm, I’ll be watching closely for bullish rejections or reversal patterns to confirm a fresh leg upward. A clean bounce from here could send price back toward the orange structure zone around 1.6350, followed by a potential push toward 1.64+ if momentum builds up. ⚔️However, a break and close below 1.6180 would invalidate the setup and could shift control back to the bears — but until that happens, the path of least resistance remains to the upside. In short, I’m expecting EURCAD to trap late sellers and fuel another rebound from the channel’s base, the kind of move that rewards patience and precision. 📊 All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
3
EURCAD – Watching Key 4H SupportEURCAD is approaching a strong support level on the 4H chart after making a semi-impulsive move down. This level has been tested several times already. Key observations: ✅ Price at multi-test support zone ✅ Momentum under 50, with potential to hook upward or form divergence ✅ Volume not yet aligned — we’ll be waiting for confirmation This is not a trade yet — but it’s one to watch closely. For a valid VMS setup, we’ll need to see momentum confirmation and volume spike into alignment at this level. ⚠️ For educational purposes only. This is not financial advice. #Forex #EURCAD #VMSStrategy #TradingView
by darlwright
22.10.25 EUR/CAD DailyDaily: We are clearly in an uptrend. There’s a Rally-Base-Rally structure that looks original and is not a reaction to another demand zone. 4-Hour: The Rally-Base-Rally is covered by the daily structure. The pair was stair-stepping into the supply zone and then broke through it with a big, explosive candle. This move turned the supply into a demand zone — a flip zone. I’ve set a buy limit order. Once we reach 4R, I will move my stop loss to break-even. When the target is hit, I’ll close 75% of the position and trail the stop on the remaining 25%.
Long
by felixpip86
EURCAD → Retest of liquidity pool before growth FX:EURCAD is forming a correction to the key liquidity zone amid a global and fairly strong bullish trend. Will the bulls enter the game in the 1.6173 zone? The euro is forming a correction to the strong support zone of 1.16, which is provoking a decline in the currency pair. The key area that the currency pair is striving for is 1.6173. The trend is bullish. A reaction from the bulls is possible... A false breakout of resistance is forming a correction. However, the price is still within the trading range of 1.64 - 1.6173. The price is heading towards support for a retest, and the indicated zone is likely to stop the correction... Resistance levels: 1.633, 1.64 Support levels: 1.6173, 1.603 A liquidity pool below 1.62 - 1.617 could change the game in favor of buyers. Remember, the trend is bullish, and this will be a clear advantage for players. A false breakdown of support and the absence of a downward momentum could trigger growth. Best regards, R. Linda!
Long
by RLinda
7
EURCAD INTRADAY (15m)TECHNICAL SNAPSHOT Pair: EUR/CAD Timeframe: 15m Trend: Bearish drift; lower highs with momentum push down into green buy-zone. 🔴 STOP / RESISTANCE (top-down) • 1.62700 — Sell Stop/Invalidation (overhead pivot) • 1.62650 — Sell Limit (prior supply shelf) • 1.62600 — Take-profit magnet for counter-trend bounces 🎯 ENTRIES & TARGETS (top-down) • 1.62500 — TP (bounce fade) • 1.62346 — Buy Stop (break-back above micro structure) • 1.62250 — Buy Limit (first demand) • 1.62200 — Buy Limit (deeper demand) • 1.62130 — Stretch TP / reload zone • 1.62100 — Final TP / exhaust probe 🟢 SUPPORT (top-down) • 1.62346 — Intraday support/flip line • 1.62250 — Demand 1 • 1.62200 — Demand 2 • 1.62130 — Deep demand • 1.62100 — Extreme demand Indicators: Price below recent swing mid; momentum bars expanding red; wicks show sell pressure into the green zone. Notes: • Structure: sequence of lower highs; blue midlines = prior TP/rotation marks. • Tactics: Look for rejection near 1.6250–1.6265 to continue short; watch 1.6220–1.6213 for responsive bids.
Long
by ProfessorCEWard
1
Falling towards major support?EUR/CAD is falling towards the support level which is a multi-swing low support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.61790 Why we like it: There is a multi-swing low support that aligns with the 61.8% Fibonacci retracement. Stop loss: 1.61235 Why we like it: There is a pullback support that aligns with the 78.6% Fibonacci retracement. Take profit: 1.63069 Why we like it: There is a pullback 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! BUY! My dear friends, Please, find my technical outlook for EURCAD below: The instrument tests an important psychological level 1.6247 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.6323 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. 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
Long
by AnabelSignals
1
Potential bearish drop?EUR/CAD is reacting off the pivot which is a pullback resistance and could drop to the multi swing low support. Pivot: 1.62744 1st Support: 1.61635 1st Resistance: 1.63349 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.
Short
by IC Markets