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Canadian Dollar/Euro

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CADEUR trade ideas

EURCAD Short from Premium Zone🔴 Type: Intraday Reversal Short ✅ Entry Zone: 1.4825-1.4850 (Bearish OB + Liquidity Pool). ✅ Stop Loss: 1.4875 (Above Institutional Order Block). ✅ Take Profits: 🎯 TP1: 1.4790 (First rejection point). 🎯 TP2: 1.4750 (Liquidity Grab Retest). 🎯 TP3: 1.4700 (Deeper Discount Zone). ✅ Confidence Level: HIGH (Multiple Smart Money Confluences). 📌 Execution Strategy: ✔ Wait for price to retrace into 1.4825-1.4850 zone. ✔ Look for rejection (bearish engulfing / wick rejections). ✔ Enter aggressively OR use a pending limit order.
Short
by jibkhan111
1
EURCADOn Friday, February 7, 2025, Canada released employment data showing: Employment Change: An increase of 76.0K jobs, significantly exceeding the forecast of 25.5K and lower than the previous 90.9K. Unemployment Rate: A decrease to 6.6%, better than the forecast of 6.8% and the previous 6.7%. Impact on EUR/CAD in the Coming Weeks: Bearish Candle Close: The week closing with a red bearish candle suggests initial selling pressure. Positive Canadian Data: The better-than-expected Canadian employment data could strengthen the CAD, potentially pushing EUR/CAD lower. A cooling economy could weaken the CAD. Technical Analysis: Technical analysis suggests a bullish to bearish outlook because we have a break out of monthly descending trend line and as well as break of monthly demand floor which could see more drop in EURCAD before rally in price..so we have a case of 50/50 ,be cautious. EUR/CAD Trade Directional Bias: Bearish Bias: Given the positive Canadian employment data, which is likely to strengthen the Canadian dollar, there could be a bearish bias for EUR/CAD in the coming weeks. Look for potential support and buy but keep in mind of the weekly bearish candle closed on on break of structure. Other Economic Data Prints Affecting EUR/CAD Direction: Eurozone Data: German ZEW Economic Sentiment and the broader ZEW Economic Sentiment for the Eurozone, which are indicators of investor sentiment and economic expectations, might impact the EURCAD. US Economic Data: Disappointing economic data and uncertainty around Federal Reserve policies in the U.S. may impact the EURCAD. Bank of Canada (BOC) Decisions: Keep an eye on the Bank of Canada's (BOC) interest rate decisions by Tiff Macklem who is the current Governor of the Bank of Canada. Crude Oil Prices: The decline of crude oil prices may impact the Canadian dollar. US Senate Confirmation: US retail sales headline economic data may impact EURCAD. US Interest Rates and Yield Spreads: US interest rates and yield spreads may impact EURCAD Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Trade at your own risk ,and apply proper risk management.
by Shavyfxhub
EURCAD Will Grow! Buy! Take a look at our analysis for EURCAD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.476. The above observations make me that the market will inevitably achieve 1.480 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURCAD Expected Growth! BUY! My dear friends, EURCAD looks like it will make a good move, and here are the details: The market is trading on 1.4823 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.4906 Recommended Stop Loss - 1.4770 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURCAD BULLISH FOR 100PIPSTechnical Analysis: Chart Patterns: A bullish pattern like an ascending triangle, bullish flag, or double bottom could suggest that EUR/CAD is poised for an upward movement. Support and Resistance: If the pair has recently bounced off a key support level and is approaching resistance, breaking through resistance could result in a 100-pip rise. Moving Averages: If short-term moving averages (like the 50-period MA) cross above longer-term moving averages (like the 200-period MA), it could signal bullish momentum. Indicators: Bullish indicators such as the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD) might also show a potential upward move. 2. Fundamental Factors: Eurozone Economic Data: Positive economic data from the Eurozone (such as GDP growth, employment figures, or inflation reports) could strengthen the Euro. Canadian Economic Data: Weakness in Canadian economic indicators (like poor GDP growth, falling oil prices, or weak inflation) could lead to the Canadian Dollar weakening. Interest Rate Differentials: If the European Central Bank (ECB) is expected to raise interest rates or signals tighter monetary policy while the Bank of Canada (BoC) remains dovish or cuts rates, the Euro could strengthen relative to the Canadian Dollar. 3. Sentiment & News: Risk Appetite: A positive shift in market sentiment (risk-on) might lead traders to buy the Euro as the Eurozone economy may be perceived as stable, especially if the CAD is correlated with commodities like oil. Geopolitical Events: News events affecting the Canadian economy (like a natural disaster or a disruption in oil production) might cause a temporary decline in the Canadian Dollar.
Long
by LORDOFTHETRADERS
EURCAD The Target Is UP! BUY! My dear subscribers, This is my opinion on the EURCAD next move: The instrument tests an important psychological level 1.4882 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.4964 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURCAD Aggressive Trade with Potential for Huge GainsI'll keep this short and to the point - Technical Outlook: Price recently hit a ceiling which has historically served as resistance (1.51750) , however we have been in an uptrend since late 2022. In Nov 2024 we saw bulls rally at strong levels of demand and continued to drive price upwards, creating a demand feed which price reacted off more recently (as shown on the chart). Once price reached the ceiling level, it took a nose dive UNTIL we saw it decelerate at the latest demand feed, which could potentially have a trove of resting orders ready to be filled. Trading Considerations: I will be keeping an eye on the 15m chart during London and NY sessions for bullish momentum to take hold. As it stands right now, a break above 1.49050 would be early signs to get involved. This can always change as new structure is formed on the LTF's but we are deep in discount territory. Watch for liquidity build up and volume to understand which LTF demand levels could hold during high volume sessions. Final Notes: As added confluence, this pair is currently oversold on the RSI. While navigating the LTF's make sure to adapt to changing conditions. Again, this is another trade which could potentially turn into a swing position (provided demand holds, we could see an upward move that finally breaks the ceiling). While the Euro continues to weaken against the USD, the Loonie should be able hold its own during this ongoing trade war (based on the fact that they've not just rolled over and do have some fight in them). We get to witness these scary times unfold - and it makes trading that much more exciting! Happy hunting predators! Apex out! OANDA:EURCAD FX:EURUSD OANDA:USDCAD
Long
by Apexfx_Alpha
1