EURCAD Will Grow! Long!
Please, check our technical outlook for EURCAD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.602.
The above observations make me that the market will inevitably achieve 1.609 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.
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EUXCAD trade ideas
EUR/CAD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are going long on the EUR/CAD with the target of 1.607 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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Bearish drop?EUR/CAD is reacting off the resistance level, which is a pullback resistance, and could drop from this level to our take-profit target.
Entry: 1.61074
Why we like it:
There is a pullback resitance.
Stop loss: 1.61335
Why we like it:
There is a multi swing high resistance.
Take profit: 1.60537
Why we like it:
There is a pullback support that iss lightly below the 50% Fibonacci retracement.
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EurcadLooking for 4h fresh ranges of price that has the 1h range looking in sync. First we see 1h sellers stopped out buyers, then made a new leg to the upside breaking structure (creating new high) while leaving liquidity and imbalance from the push. Waited for price to pullback to clear out all the early buyers in the range, and to come back to the last time sellers were in control (fresh demand). Once sellers come back and match our demand level, I then will look for opportunity's on the 15 minute for execution in order to get a better risk to reward. Clean cut. 4h/1h money trapped, cycle completes, continuation for entry to take out range high.
EURCAD SHORT ✅ Why This Could Be the Next Move
1. Wave Structure Integrity
- If the current price action shows a completed Wave A (impulsive down) and Wave B (corrective up), then Wave C is likely next.
- Wave C typically mirrors Wave A in length and momentum — a classic zigzag.
2. Market Context
- If EURCAD recently hit resistance near 1.68–1.69 and failed to break higher, that’s a textbook B-wave top.
- The current price at 1.67736 suggests it’s hovering near the B peak — ripe for reversal.
3. Momentum Divergence
- If MACD or RSI shows bearish divergence at B, it signals weakening bullish momentum — a precursor to Wave C.
- Your MACD Tango logic could confirm this with a fading histogram and apex crossover.
4. Fibonacci Confluence
- If Wave B retraced ~61.8% of Wave A, and price is now rejecting that level, it’s a strong signal.
- You can project Wave C using the 100% or 127.2% extension of Wave A from B — a common Elliott target.
5. Volume & Volatility
- If volume peaked during Wave A and faded in Wave B, it supports the corrective nature of B.
- A sudden spike in volatility (ATR or candle % filter) could mark the start of Wave C.
🔧 How to Trade It (If Confirmed)
- Entry: Below B with confirmation (e.g., bearish engulfing or MACD crossover).
- Stop Loss: Above B, buffered by ATR.
- Take Profit: Projected C target — ideally near 1.6650 or lower, depending on Wave A length.
EURCAD MAJOR BREAKOUT! BULLISH CONTINUATION CONFIRMED!Price just broke above the major resistance! This new development is a confirmation that more bullish momentum is to develop in this market therefore, we’d be looking for BUY OPPORTUNITIES in this asset. Technically, we can spot the ascending trend line and a bullish wedge pattern that confirms that buyers Strength remains strong.
EURCADPrice action trading is a methodology where traders make decisions based on the interpretation of actual price movements on a chart, rather than relying primarily on lagging indicators. It involves observing and analyzing candlestick patterns, trend lines, support and resistance levels, and volume to identify potential trading opportunities and manage risk. The focus is on understanding the story the market is telling through its price behavior.
EUR/CAD Possible Triple Top SetupWe’re watching EUR/CAD closely as price action is testing a potential triple top. Momentum is elevated and starting to hook, which could signal a shift. Next, we’ll be watching to see if the other VMS factors align before considering a trade.
Patience is key — strong setups come from full confirmation, not anticipation.
EUR-CAD Resistance Ahead! Sell!
Hello,Traders!
EUR-CAD keeps going up
But the pair will retest a
Horizontal resistance
Of 1.6124 and from there
A local bearish correction
Is to be expected
Sell!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EUR/CAD on Track to Test July HighEUR/CAD climbs to a fresh monthly high (1.6088) as it breaks out of the range bound price action carried over from last week, with a close above 1.6050 (38.2% Fibonacci extension) bringing the July high (1.6124) on the radar.
A breach of the 2018 high (1.6153) opens up 1.6220 (50% Fibonacci extension), with the next area of interest coming in around 1.6350 (78.6% Fibonacci retracement) to 1.6390 (61.8% Fibonacci extension).
However, lack of momentum to hold/close above 1.6050 (38.2% Fibonacci extension) may push EUR/CAD back toward 1.5950 (100% Fibonacci extension), with a breach of the July low (1.5768) opening up the June low (1.5574).
--- Written by David Song, Senior Strategist at FOREX.com
EURCAD selling Opportunity.Looking @ the current market structure of SAXO:EURCAD , The price is trying telling a very sweet stories, so i have tried packaging the info that i was able to come up with while making my analysis, which i have already shared on this video Combining both daily, H4 and H2 Timeframe to make up this trade ideas. All the best.
EUR/CAD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
Previous week’s green candle means that for us the EUR/CAD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.598.
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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eurcadPrice consolidating after a strong bullish move
Support at 1.5965, resistances at 1.6020 / 1.6054 / 1.6098
📈 If price breaks above 1.6020:
Target 1 → 1.6054
Target 2 → 1.6098
📉 If price breaks below 1.5965:
Target 1 → 1.5940
Target 2 → 1.5900
📌 No entries inside the range — waiting for a clear breakout with confirmation
Strong move likely after this consolidation.
EURCAD: Long Trade with Entry/SL/TP
EURCAD
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy EURCAD
Entry - 1.6016
Stop - 1.6005
Take - 1.6037
Our Risk - 1%
Start protection of your profits from lower levels
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EURCAD: Another Bullish Confirmation?! 🇪🇺🇨🇦
Earlier last week, I already shared my bullish outlook for EURCAD
and a highly probable bullish continuation to 1.61.
I see another bullish confirmation today - a confirmed breakout
of a falling trend line on a 4H.
I guest that the pair will continue rising soon.
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I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.