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EURO REFERENCE RATE / CANADIAN DOLLAR

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EUXCAD trade ideas

EURCAD LONG SETUP H4: 28 JULY - 1 AUGUST 2025✅ EUR/CAD Trade Plan (4H Timeframe) 🔍 Bias: Bullish 🧠 Why Buy EUR/CAD? Reason Details 📊 COT Data Institutions are 66.9% long EUR and 80.19% short CAD 👥 Retail Sentiment 87% of retail traders are short (contrarian signal = bullish) 📈 Technical Setup Breakout + retest of descending trendline and resistance = bullish continuation setup 🔍 Technical Analysis Summary ✅ Trend & Price Action The pair broke out of a descending trendline, indicating a shift from a short-term downtrend to a potential uptrend. 📊 Key Levels 1. Resistance / Take Profit (TP) Target Zone: Around 1.61500 – 1.62000 Marked in red as the TP TARGET, this is a supply zone. The market may face selling pressure at this point. 2. Current Price Levels: Price is trading around 1.6088, slightly below the local resistance at 1.6108. 3. Support / Buy Zone: Between 1.60701 – 1.60884 This zone has previously acted as resistance and may now serve as support, aligning with the breakout retest. 4. Lower Support Levels: 1.59218 and 1.58883 are marked as potential deeper support if the breakout fails. 📈 Indicators and Patterns Trendline Breakout: The descending black trendline has been broken, suggesting bullish momentum. Pivot Levels (R1, R2, S1, etc.) are overlaid, providing additional confirmation of key support/resistance zones. --- 📌 Trading Plan (as per the chart) Bullish Bias: The breakout and retest imply a long entry from the BUY ZONE (1.607 – 1.6088). TP Target: Around 1.615 – 1.620 Invalidation Level: A break below 1.6070, or especially below 1.5921, may invalidate the setup and turn bias bearish. 📊 COT Data Analysis EUR (Euro): Long Positions: 66.9% Short Positions: 33.1% Δ Weekly: -1.11% (net longs reduced slightly) 🔎 Interpretation: Institutions are still heavily long on the Euro, showing confidence in its strength. However, there's a slight weekly decrease, possibly a bit of profit-taking or caution ahead of upcoming data. --- CAD (Canadian Dollar): Long Positions: 19.81% Short Positions: 80.19% Δ Weekly: +1.22% (shorts increased further) 🔎 Interpretation: Institutions are extremely bearish on the Canadian Dollar. The increase in short positions shows growing conviction that CAD will weaken. 🧮 Institutional Bias: Bullish on EUR/CAD: Institutions are net long EUR and net short CAD, meaning they expect EUR/CAD to rise. --- 👥 Retail Sentiment (EUR/CAD): Long: 13% Short: 87% 🔎 Interpretation: Retail traders are massively short on EUR/CAD. This is a contrarian signal: retail traders are often on the wrong side of the market. Smart money likely sees upside if retail is heavily short. 📌 Conclusion All signals — COT, retail sentiment, and technical structure — point toward a bullish EUR/CAD outlook. Institutions are buying EUR and shorting CAD, while retail traders are mostly short, potentially fueling a short squeeze if price rallies. Technically, the breakout and retest also support a bullish trade idea.
Long
by Pedro_07
EURCAD The Target Is DOWN! SELL! My dear subscribers, EURCAD looks like it will make a good move, and here are the details: The market is trading on 1.6089 pivot level. Bias - Bearish My Stop Loss - 1.6104 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.6061 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. 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
Short
by AnabelSignals
1
EURCAD Will Go Down! Short! Please, check our technical outlook for EURCAD. Time Frame: 15m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.608. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.607 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. 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
EUR-CAD Risky Short! Sell! Hello,Traders! EUR-CAD is trading in a Strong uptrend so we are Bullish biased long-term However a strong horizontal Resistance is ahead at 1.6110 And the pair is overbought So after the retest of the Resistance we will be Expecting a bearish correction Sell! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TopTradingSignals
1
EURCAD Wave Analysis – 24 July 2025- EURCAD reversed from support zone - Likely to rise to resistance level 1.6100 EURCAD currency pair earlier reversed up from the support zone between the key support level 1.5950 (former monthly high from April), 20-day moving average and the 38.2% Fibonacci correction of the upward impulse from May. The upward reversal from this support zone started the active minor impulse wave iii – which belongs to the intermediate impulse wave (3) from the end of 2024. Given the overriding daily uptrend, EURCAD currency pair can be expected to rise to the next resistance level 1.6100 (which stopped the previous impulse wave i in June).
Long
by FxProGlobal
EURCAD Buyers In Panic! SELL! My dear friends, My technical analysis for EURCAD is below: The market is trading on 1.6005 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.5956 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. 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
Short
by AnabelSignals
1
EURCAD - Follow the Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈EURCAD has been overall bearish , trading within the falling red channel and it is currently retesting the upper bound of the channel. Moreover, it is rejecting a weekly resistance marked in blue. 📚 As per my trading style: As #EURCAD is around the red circle zone, I will be looking for trend-following sell setups on lower timeframes. (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TheSignalyst
13
EUR/CAD BULLISH BIAS RIGHT NOW| LONG Hello, Friends! Previous week’s red candle means that for us the EUR/CAD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 1.600. 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 (SMC BASED)TRADE SETUP EXPLANATION (SMC BASED): PAIR: EURCAD TIMEFRAME: 2H Chart (Entry Confirmation on 15M / 5M) SETUP LOGIC (SMC STRATEGY): BOS (Break of Structure) Confirmed — market is in bullish structure. Price is retracing towards: IMB (Imbalance zone) POI 1H (Point of Interest - Demand Zone) Liquidity (LIQ-$$$$) Sweep Expected Before Reaction. TRIGGER CONDITION FOR ENTRY: ✅ After price enters the POI 1H Demand Zone, wait for: → CHoCH (Change of Character) confirmation on 15 min or 5 min timeframe. → CHoCH indicates buyers taking control after sweep and mitigation. ENTRY PLAN: 🔹 Enter BUY trade after 15M / 5M CHoCH. 🔹 Stop Loss (SL) below POI zone. 🔹 Target previous high marked near 1.60296. RISK-REWARD: 🎯 Aim for minimum 1:3 RR as visible on the chart. KEY NOTES: No entry directly at POI. Entry only after confirmation (CHoCH) in lower timeframe. Trade respects Smart Money Concepts (SMC) rules of BOS, Liquidity sweep, and POI reaction.
Long
by Lihasuu
EUR/CAD make a fakeout and will soon decide its next trend.EURCAD recently made a faekout at the marked candle. The candlestick pattern we can see is a Shooting Star. Yes, it does have a small wick at the bottom, but more or less looks like a Shooting Star. After that, it fell right back into the channel. It's good to see that the channel is being respected. Now, there's two possibilities that we're looking at for a trade. Firstly, if we look at the Top Red trendline and the Green Trendline, we can see that there is a triangle formation. The price will decide if it wants to stay in the channel or not depending on how it reacts at the end of that triangle. Next thing we look at is (assuming price respects the channel and continues down) that the price will start respect the big channel (Top Red trendline and Bottom Red Trendline) as it has been doing for a while now... It's time to wait now and understand where price is going. In both possibilities, we have a trade which can be taken, but we must ensure that we have our rules and confluences in check before taking the trade.
by Nikladon
EURCAD looks great for buysOn the monthly timeframe, price recently broke and closed above a key resistance level, showing clear bullish direction in the bigger picture. The weekly chart confirms this bullish bias with a clean rejection of a strong Fibonacci support zone and weekly pivot area, highlighting solid buyer interest. On the 4-hour chart, the pair broke out from a descending channel pattern, retested the breakout zone around the weekly pivot area, and bounced strongly. This re-test confirms buyer interest. Additionally, price is trading above both the 50 and 200 SMAs, indicating a strong bullish sentiment on lower timeframes.
Long
by fxtraderkristina
BUY EURCAD now for 4h time frame bullish trend continuationBUY EURCAD now for 4h time frame bullish trend continuation ............... STOP LOSS: 1.5933 This buy trade setup is based on hidden bullish divergence trend continuation trading pattern ... Always remember, the trend is your friend, so whenever you can get a signal that the trend will continue, then good for you to be part of it TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything... Remember to risk only what you are comfortable with... trading with the trend, patient and good risk management is the key to success here
Long
by BALE_FX
EURCAD Forming Bullish ContinuationEURCAD has recently respected a key demand zone and is now beginning to show early signs of bullish continuation. After a clean breakout above the 1.5900 resistance level earlier this month, price retested this structure and held strongly, creating a textbook bullish rejection wick. This price behavior suggests the pair is gearing up for another impulsive leg to the upside. I'm watching for follow-through momentum targeting the 1.6390–1.6400 zone in the coming weeks, aligning with the risk-to-reward setup visible on the chart. From a fundamental perspective, the euro remains relatively supported following recent ECB comments signaling a more patient stance on future rate cuts. While inflation in the Eurozone has shown some signs of easing, policymakers remain cautious, especially with energy prices fluctuating again. On the other side, the Canadian dollar has been under pressure due to weaker-than-expected domestic growth and the Bank of Canada’s more dovish tone. Crude oil, which typically supports CAD, has been consolidating with no strong bullish drive lately, limiting CAD’s upside potential. Technically, the current structure favors bullish continuation. The clean rejection from the previous resistance-turned-support, combined with bullish price action forming a higher low, reinforces the bullish setup. As long as the 1.5900 zone holds, this remains a high-probability long trade setup with potential to deliver strong profits in alignment with the trend. Watch for daily closures above 1.6000 to confirm the next leg higher. Momentum indicators are flattening, and with liquidity sweeping both sides recently, it’s primed for a move. EURCAD remains on my radar for a swing buy opportunity, with the setup offering excellent technical confluence and favorable fundamental backing.
Long
by AndrewsMarket-Mastery