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EURCAD

Forex Traders Focus on Trump’s Tariff NewsForex Traders Focus on Trump’s Tariff News As April 2 approaches—the date when Trump's international trade tariffs are set to take effect—traders are increasingly concentrating on this highly uncertain issue. Yesterday, the U.S. president stated that: → Tariffs on cars would be introduced "soon" (but not all possible tariffs would be imposed); → Some countries might receive exemptions; → Nations purchasing oil from Venezuela could face 25% tariffs. Following these remarks: → Oil prices rose; → U.S. stocks gained as Wall Street (according to Reuters) interpreted the comments as a sign of flexibility in trade negotiations. Given this backdrop, the EUR/CAD chart is particularly interesting, as both Europe and Canada frequently feature in news related to the White House's trade policies. EUR/CAD Exchange Rate Today As seen on the EUR/CAD chart, the pair has slightly declined at the start of the week, dipping towards 1.54450. However, market volatility remains high: → The pair has gained approximately 2.85% since early March; → The decline from March’s peak is around 2.6%. Technical Analysis of EUR/CAD The pair’s volatile price swings have formed a trend channel (marked in blue). Notably, the 1.57750 level has shifted from support to resistance, signalling bearish dominance. This is further reflected in the price movement within the red channel. If bears maintain control, EUR/CAD may drop towards a support zone, which includes: → The median of the blue channel; → The 1.54000 support level, drawn from early March’s local low. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
EUR_CAD SHORT SIGNAL| ✅EUR_CAD is going down Now and the pair made a Bearish breakout of the local Key level of 1.5580 which is now A resistance so we are locally Bearish biased and we will be Expecting a further move down So a short trade can be entered With the TP of 1.5480 and The SL of 1.5600 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅ 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 ProSignalsFx
1
EUR/CAD LONG FROM SUPPORT Hello, Friends! EUR/CAD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 3H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.566 area. 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
Bullish bounce off 50% Fibonacci support?EUR/CAD is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance. Pivot: 1.54200 1st Support: 1.53020 1st Resistance: 1.55988 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. 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.
Long
by ICmarkets
EURCAD Breakdown: Major Reversal Incoming? Watch This Setup!In this video, we analyze a high-probability trade setup on EURCAD, breaking down key market structure shifts and potential reversal zones. 📊 🔹 Massive impulse move into key resistance – Is a pullback coming? 🔹 Breakdown of bullish structure – Signs of a trend shift? 🔹 Key entry & exit points mapped out – Waiting for confirmation at 1.5595 🔹 Targeting major liquidity zones – Potential downside to 1.5523, 1.5400, and 1.5155 If price rejects our marked resistance zone, we could see a strong move downward, stopping out euphoric buyers and creating new trading opportunities. But what if it breaks above? We discuss both scenarios and how to react accordingly. 📍 Watch until the end for a full breakdown and trade execution strategy! 💬 Drop your thoughts in the comments! Do you see something different in this setup? Let’s discuss. 🚀 Like, share, and follow for more market insights!
Short
by BlueOceanFxAcademy
A possible short-term bullish set-up on EURCAD?Well, it seems that FX_IDC:EURCAD could be forming either a bullish pennant, or a falling wedge pattern in the near-term. Both patterns tend to result in a bullish breakout. However, we still require a confirmation. Without it, there is still a chance to see a move lower. MARKETSCOM:EURCAD Let us know what you think in the comments below. Thank you. 74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
by Marketscom
Could the price bounce from here?EUR/CAD is falling towards the support level which is an overlap support that is slightly above the 38.2% Fibonacci retracement and also slightly below the 61.8% Fibonacci projection and could bounce from this level to our take profit. Entry: 1.5548 Why we like it: There is an overlap support level that is slightly above the 38.2% Fibonacci retracement. Stop loss: 1.5415 Why we like it: There is a pullback support level that lines up with the 50% Fibonacci retracement. Take profit: 1.5697 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 VantageMarkets
EURCAD Will Go Lower! Short! Take a look at our analysis for EURCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.562. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.534 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. 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
EURCAD - Weekly Forecast - Technical Analysis & Trading IdeasOANDA:EURCAD 💡 Daily Timeframe: As forecasted by 4CastMachine AI, The Euro also reached our TP7 at 1.5777 by breaking the resistance at 1.5156. The broken resistance area will serve as our new support area and Buy Zone. As long as this area is not broken down, there is a possibility of a resumption of the uptrend. If the price enters our new buy zone with a corrective wave and is rejected from it, we will enter with buy trades. 💡 H4 Timeframe: The bearish wave is expected to continue as long as the price is below the strong resistance at 1.5857 💡 H1 Timeframe: The uptrend is broken, and price is in an impulse wave. 1.5729 support is broken now. It will act as a Resistance now! Forecast: Correction wave toward the Sell Zone Another Downward Impulse wave toward Lower TPs __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . . . . Hit the 'BOOST' button 👍 . . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) 🙏 Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
Short
by ForecastCity
15
EURCAD is in the Up-TrendHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
1
Could the price drop from here?EUR/CAD has reacted off the pivot and could drop to the 1st support level which acts as an overlap support. Pivot: 1.5866 1st Support: 1.5545 1st Resistance: 1.5995 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. 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 ICmarkets
Bullish Continuation Pattern (Bullish Flag)Bullish Continuation Pattern, Bullish Flag 🔹 Bullish Flag – The price had a strong upward move, followed by a slight consolidation. If it breaks above resistance, it could continue the uptrend. 📊 Key Levels to Watch: Target 1.57000 Stop Loss 1.55300 Support: Around 1.555 Resistance: Around 1.561 - 1.565 If price breaks above resistance with volume, it could indicate a strong bullish move! 🚀 ⚠️ Risk Management: Always use 1-2% risk per trade to protect capital. 📌 Trade Wisely & Stick to Plan! 🚀
Long
by elitetrader9090
EURCAD chart shows a Bullish Flag PatternThis EURCAD chart shows a **Bullish Flag Pattern**, as indicated on the chart. **Key Observations:** - **Bullish Flag Pattern**: This is a continuation pattern that typically signals a potential upward breakout after consolidation. - **Resistance Zone**: Around **1.56200 - 1.56400**. - **Support Zone**: Around **1.55600 - 1.55700**. - **Moving Averages**: Price is trading above the moving averages, indicating bullish momentum. - **Volume Analysis**: Increased volume on the breakout suggests strong buying pressure. ### **Trading Plan:** - **Entry**: If price retraces to support and shows bullish confirmation, a buy trade can be placed near **1.55700 - 1.55800**. - **Stop Loss (SL)**: Below **1.55400** to minimize risk. - **Take Profit (TP)**: Around **1.57000 - 1.57500** in case of a breakout.
Long
by elitetrader9090
EURCAD Daily Trade Setup – Targeting Buy-Side Liquidity! 🔹 Daily FVG Mitigation: Price is currently in a Fair Value Gap (FVG) on the daily timeframe, indicating potential institutional interest. 🔹 Change of Character (ChoCH) on Daily: A bullish shift in structure suggests that smart money may be accumulating positions for an upward move. 🔹 Liquidity Target: The next expected move is towards Buy-Side Liquidity, where stop-loss clusters and pending orders reside. 📊 Trade Plan: ✅ Entry Confirmation: Lower timeframe (H4/M15) Break of Structure (BOS) + Order Block (OB) Retest ✅ Stop Loss: Below the last swing low or OB for proper risk management ✅ Take Profit: Buy-side liquidity level / Key resistance zones ✅ Risk-to-Reward Ratio: Minimum 1:3 to maximize potential gains 🔍 Key Considerations: 📈 Volume Confirmation: Institutional volume alignment (POC, HVN) for strong confirmation ⏳ London & NY Sessions: Best execution timings for high-probability moves 📅 Upcoming News Events: Watch for high-impact events that may influence EUR or CAD ⚠️ Risk Disclaimer: This is for educational purposes only, not financial advice. Manage your risk accordingly! 📊 What’s your bias on EURCAD? Comment below! 👇💬 #EURCAD #SmartMoneyConcepts #SMC #ICT #ForexTrading #LiquidityHunt #OrderBlocks #FairValueGap #ForexAnalysis 🚀📉
Long
by twb1122