EUR/CAD: Strong Intraday Bullish Price ActionThe EURCAD pair has recently broken and closed below a significant horizontal support level.
The price subsequently retested this broken support.
A resistance line of a falling wedge pattern was then violated with a strong bearish movement.
We are currently seeing a retest of this level.
It is
Canadian Dollar/Euro
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Related currencies
Bearish drop off?AUD/CHF is reacting off the resistance level, which is a pullback resistance and could drop from this level to our take profit.
Entry: 0.91626
Why we like it:
There is a pullback resistance level
Stop loss: 0.91861
Why we like it:
There is an overlap resistance level.
Take profit: 0.91181
Why we
EURCAD SHORTMarket structure bearish on HTFs DW
Entry at Weekly and Daily AOi
Weekly Rejection at AOi
Previous Weekly Structure Point
Daily Rejection at AOi
Previous Daily Structure Point
Daily EMA retest
Around Psychological Level 1.62000
H4 Candlestick rejection
TP: WHO KNOWS!
Entry 100%
REMEMBER : Tra
Potential bullish rise?EUR/CAD has bounced off the support level, which serves as a pullback support that aligns with the 38.2% Fibonacci retracement, and could rise from this level to our take-profit target.
Entry: 1.6133
Why we like it:
There is a pullback support that aligns witht he 38.2% Fibonacci retracement.
Stop
EURCAD Daily market outlookEUR/CAD Daily Outlook
On the daily chart, the previous support level has been broken and is now acting as resistance. Price is currently retesting this zone, which suggests a continuation of the bearish trend.
For today’s session, my bias remains to the downside, with an intraday target around 1.61
EURCAD – Bearish Structure Break & Pullback SetupEURCAD Market Structure Breakdown
EURCAD respected a support level from 23rd October for nearly 40 days. Last week, the price broke this support, indicating a bearish shift in character. The current pullback is entering a bearish order block. The 0.71 Fibonacci retracement is a key level to monitor
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of CADEUR is 0.61884 EUR — it has decreased by −0.06% in the past 24 hours. See more of CADEUR rate dynamics on the detailed chart.
The value of the CADEUR pair is quoted as 1 CAD per x EUR. For example, if the pair is trading at 1.50, it means it takes 1.5 EUR to buy 1 CAD.
The term volatility describes the risk related to the changes in an asset's value. CADEUR has the volatility rating of 0.23%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The CADEUR showed a 0.02% rise over the past week, the month change is a 0.32% rise, and over the last year it has decreased by −7.67%. Track live rate changes on the CADEUR chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
CADEUR is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade CADEUR right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with CADEUR technical analysis. The technical rating for the pair is buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the CADEUR shows the sell signal, and 1 month rating is sell. See more of CADEUR technicals for a more comprehensive analysis.









