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
Euro / Canadian Dollar
No trades
About Euro / Canadian Dollar
The Euro vs. the Canadian Dollar. The Euro is the second most popular reserve currency in the world and is considered to be very stable. The Canadian dollar is the seventh most commonly traded currency in the world and is highly dependent on Canada’s exporting of its natural resources, especially oil.
Related currencies
EURCAD SHORTMarket structure bearish on HTFs 3
Entry at both Weekly and Daily AOi DW
Weekly Rejection at AOi
Daily Rejection at AOi
Daily EMA retest
Previous Structure point Weekly
Round Psych Level 1.62000
H4 Candlestick rejection
TP: WHO KNOWS!
Entry 100%
REMEMBER : Trading is a Game Of Probability
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 – Sell Trade IdeaEURCAD – Sell Trade Idea 📉
I’m looking at a sell setup on EURCAD as downside momentum starts to build and price shows signs of weakness.
Why I’m bearish:
• Price is rejecting a key resistance area and struggling to push higher 🚫
• Lower highs are starting to form, hinting that sellers are stepping
EURCAD Will Go Down! Sell!
Please, check our technical outlook for EURCAD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.616.
Considering the today's price action, probabilities will be high to see a movement to 1.6
EURCAD: Another Bullish Pair 🇪🇺🇨🇦
EURCAD looks bullish to me too.
The price nicely reacted to the underlined horizontal support
and violated a strong intraday falling trend line.
The market will grow more now.
Goal - 1.618
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I am part of Trade Nation's Influencer program and
EUR/CAD BEARISH BIAS RIGHT NOW| SHORT
EUR/CAD SIGNAL
Trade Direction: short
Entry Level: 1.617
Target Level: 1.615
Stop Loss: 1.618
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1h
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
See all ideas
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 EURCAD is 1.61478 CAD — it has increased by 0.03% in the past 24 hours. See more of EURCAD rate dynamics on the detailed chart.
The value of the EURCAD pair is quoted as 1 EUR per x CAD. For example, if the pair is trading at 1.50, it means it takes 1.5 CAD to buy 1 EUR.
The term volatility describes the risk related to the changes in an asset's value. EURCAD has the volatility rating of 0.10%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The EURCAD showed a −0.05% fall over the past week, the month change is a −0.46% fall, and over the last year it has increased by 8.00%. Track live rate changes on the EURCAD 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.
EURCAD 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 EURCAD 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 EURCAD technical analysis. The technical rating for the pair is sell today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the EURCAD shows the buy signal, and 1 month rating is buy. See more of EURCAD technicals for a more comprehensive analysis.









