EURCAD at 2009 Highs – Is a Massive 1,000 Pip Sell-Off Imminent?It's been a while since my last idea! (Too busy traveling lately 😅)
Today, we're zeroing in on a high-probability short setup on EURCAD. This pair has surged strongly since the start of the year, fueled by all the Trump-related market chaos.
Once we smashed through 1.52—last year's key resistance
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.
EURCAD Is Going Down! Short!
Take a look at our analysis for EURCAD.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.591.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shor
EURCAD Approaching Major Resistance - Will Sellers Step In?OANDA:EURCAD is approaching a key resistance level, marked by significant selling pressure. This area has historically acted as a key supply zone, increasing the likelihood of a bearish reaction if sellers step in again.
The current market structure suggests that if the price confirms a rejection
EURCAD Long 4/23/2025EUR/CAD Long Setup – Doji Reversal off Daily Support + Clean Intraday Double Bottom
Looking to go long on EUR/CAD after a strong multi-timeframe confluence of structure, liquidity sweep, and bullish intent.
4H Chart:
A beautiful doji formed after a stop hunt, clearing out long-side liquidi
EURCAD Short 4/29/2025EUR/CAD Short – Multi-Week Weekly Rejection + Bearish Continuation Setting Up
Taking a short on EUR/CAD after sustained weekly rejection, daily structure shift, and intraday bearish continuation signs.
Weekly Chart:
Strong rejection off a key weekly supply level — multiple weeks confirming
EUR/CAD BEST PLACE TO SELL FROM|SHORT
EUR/CAD SIGNAL
Trade Direction: short
Entry Level: 1.575
Target Level: 1.525
Stop Loss: 1.608
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EUR/CAD: Potential Short Opportunity !!Hey Traders,
Price is showing signs of weakness after tapping into key supply zones.
Lower highs forming, potential for further downside. Watching for clean breakdown and continuation to the downside.
Not financial advice. Always do your own research and manage your risk!
#EURCAD #Forex #TradingV
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Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
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.
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.