Get started

Euro / Canadian Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

EURCAD trade ideas

EURCAD Trending Lower - Will It Drop To 1.54670?OANDA:EURCAD is currently trading within a descending channel, indicating a strong bearish structure. The price has broken below a key support zone, which has now flipped to resistance, aligning with a potential bearish continuation. The recent retest of this level held successfully, indicating strong seller interest and reinforcing the bearish outlook. With momentum favoring the downside, the next logical target is 1.54670, aligning with the lower boundary of the descending channel. As long as the price remains below the resistance zone, the bearish bias stays intact. Let me know your thoughts or any additional insights you might have!
Short
by DanieIM
17
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
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
EUR/CAD Forex Bank Heist Plan (Day / Swing Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑💰✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/CAD "Euro vs Loonie" Forex Bank. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The heist is on! Wait for the breakout (1.54200) then make your move - Bearish profits await!" however I advise placing Sell Stop Orders below the breakout MA or Place Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. I Highly recommended you to put alert in your chart. Stop Loss 🛑: Thief SL placed at 1.56000 (swing / Day Trade Basis) Using the 2H period, the recent / swing high or low level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 1.51600 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. EUR/CAD "Euro vs Loonie" Forex Bank Heist Plan (Scalping / Day Trade) is currently experiencing a bearishness,., driven by several key factors. 📰🗞️Get & Read the Fundamental, Macro, COT Report, On Chain Analysis, Sentimental Outlook, Intermarket Analysis, Future trend targets.. go ahead to check 👉👉👉 ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Short
by Thief_Trader
Bearish reversal off pulback resistance?EUR/CAD is rising towards the resistance level which is a pullback resistance that line sup with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.5548 Why we like it: There is a pullback resistance level that line sup with the 38.2% Fibonacci retracement. Stop loss: 1.5695 Why we like it: There is a pullback resistance level that line sup with the 71% Fibonacci retracement. Take profit: 1.5340 Why we like it: There is a pullback support 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.
Short
by VantageMarkets
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
EURCAD next move (expecting bearish move)(17-03-2025)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the mid term (17-03-2025) Current price- 1.56500 "if Price stays below 1.57200, then next target is 1.55200, 1.54000 and 1.53200 and above that 1.58500" -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk more than 1% of principal to follow any position. Support us by liking and sharing the post.
Short
by AnupZiddi
EUR/CAD LONG Investment OpportunityHello, I am Forex Trader Andrea Russo and today I want to talk to you about an interesting trade on EUR/CAD. In the world of Forex, every trade is a combination of analysis, strategy and intuition. Today I decided to open a buy position (BUY) on EUR/CAD based on the 4-hour timeframe. This choice comes from technical and fundamental signals that indicate potential favorable movements. The details of my trade: Entry Price (Entry Point): 1.53771 Stop Loss (SL): 1.52444 Take Profit (TP): 1.55621 I set the Stop Loss at 1.52444 to manage the risk effectively. It is essential to protect the capital, especially in a volatile market like the currency market. At the same time, the Take Profit is set at 1.55621, aiming to capture a significant positive movement. Why EUR/CAD? EUR/CAD has an interesting market dynamic influenced by European and Canadian economic factors. At the moment, technical indicators such as support and resistance, along with trend analysis and candlestick patterns, suggest a possible growth opportunity for the Euro against the Canadian Dollar. Conclusion Every trade is a step towards knowledge and experience. Although the outcome may vary, disciplined approach and risk management are always at the heart of every decision. I will update you on the results of this trade and continue to share my trading strategies and ideas.
Long
by Andrea_Russo_SwipeUP
EC updateCombining COT trends (assumed sustained Euro longs and CAD shorts from March 18 data), technical analysis (corrective dip toward 1.5272–1.5449, then upside), and sentiment, EURCAD appears likely to experience short-term bearish pressure toward 1.5400 or lower (1.5272–1.51564) in the next few days, followed by a bullish resumption if support holds. The pair could target 1.5800 again or higher, assuming no significant reversal in COT positioning or economic shocks. Key Levels to Watch: Downside: 1.5400, 1.5272–1.51564 (support zone for buyers). Upside: 1.5800 (recent resistance), with potential for higher if bullish momentum rebuilds. Monitor the March 21 COT release details for confirmation of speculative positioning and watch for economic releases impacting EUR or CAD. For now, the bias leans toward a dip-then-rise scenario over the coming days, with upside favored unless 1.5272 breaks.
Short
by D_Virtual
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