EURCAD trade ideas
EURCAD – Bullish Continuation Toward 1.49730OANDA:EURCAD has broken above a key resistance zone around 1.49000, which has now flipped to support, aligning with a potential bullish continuation. The recent retest of this level held successfully, indicating strong buyer interest and reinforcing the bullish outlook.
With momentum favoring the upside, the next logical target is 1.49730, aligning with the upper boundary of the ascending channel. As long as the price remains above the 1.49000 support, the bullish bias stays intact.
If you agree with this analysis or have additional insights, feel free to share your thoughts here!
BUY EURCAD - OIL weak = weak CADTrader Tom, a technical analyst with over 16 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
We are proud to be an OFFICIAL Trading View partner so please support the channel by using the link below and unleash the power of trading view today!
www.tradingview.com
EUR-CAD Will Keep Growing! Buy!
Hello,Traders!
EUR-CAD is trading in an
Uptrend and the pair made
A retest of the horizontal
Support level of 1.4879
And then went up sharply
So we are bullish biased
And we will be expecting
A further bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
EURCAD is heading towards the 1.4684 support levelThe EURCAD pair has resumed its short-term decline after reaching a 3-month high at 1.5173. Economic tensions between Donald Trump's United States and Canada play a significant role in strengthening the Canadian currency, which had been depreciating against major currencies for several months. The postponement of the U.S. threats to increase tariffs by 25% has been a great help, but for how long?
From a technical perspective, the pair has just broken below a trendline on daily timeframes, reinforcing the bearish momentum. As long as 1.4684 has not been reached, selling on bullish corrections should be prioritized. Buying should only be considered if prices bounce off the support level.
EUR/CAD Short Opportunity ?I'm looking for a short opportunity on EUR/CAD, as I see a clear bearish price action, with the price poised to sweep the lows toward the range bottom. Personally, I’ll wait for a possible spike into the FVG gap candle and look for a reaction before entering a sell position. Let me know what you think.
LTF Execution.With Cyclicty of Phase 1(Trend) and Phase 2(Pullback/Retest) as cycles.
D1 - High TF( HTF)
H4 - Intermediate TF
H1 - Lower TF (LTF)
Entry :
=======================================
Taken trade at Start of Phase 1 in Intermediate TF and in LTF cross of 8 below 20 EMA and Bearish Engulfing at the Key Resistance.
SL : Recent high
TP : Risk:Reward = 1:2
Bullish bounce?EUR/CAD has bounced off the pivot and could rise to the 1st resistance.
Pivot: 1.4800
1st Support: 1.4745
1st Resistance: 1.4895
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.
Bullish rise?EUR/CAD has bounced off the support level which is an overlap support and could potentially rise from this level to our take profit.
Entry: 1.48004
Why we like it:
There is an overlap support level.
Stop loss: 1.4743
Why we like it:
There is a pullback support level.
Take profit: 1.4894
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.
EUR/CAD - 1H Trade Setup Must Follow🔹 Pair: EUR/CAD
🔹 Timeframe: 1H
🔹 Analysis Type: Break & Retest
📊 Market Structure:
The price was respecting an ascending trendline but has now broken below it, indicating a possible trend reversal.
A bearish break of structure has occurred, confirming a shift to the downside.
Key Supply Zone around 1.48775, acting as resistance.
Key Demand Zone around 1.47516, a potential target area.
📉 Trade Setup (Short Position):
✅ Entry: After the break of the trendline and a bearish retest near 1.48400 - 1.48775.
📍 Stop Loss: Above the recent high (1.48775).
🎯 Take Profit: 1.47516, aligning with the next demand zone.
📏 Risk-Reward Ratio: 1:2
⚠️ Confirmation Checklist:
✅ Break & Retest of trendline
✅ Rejection from Supply Zone
✅ Momentum shift to bearish
📌 Keep an eye on price action around 1.48400; if price shows rejection with bearish confirmations, this setup remains valid.
🚀 Good luck & trade safe!
EURCAD SELL SETUP📌 Institutional Trade Plan – Swing Trade (Bearish)
✅ Entry Zone: 1.4850 - 1.4900 (Premium Zone, Bearish OB).
✅ Stop Loss (SL): Above 1.4950 (Safe from stop hunts).
✅ Take Profits (TPs):
TP1: 1.4750 (First liquidity pool).
TP2: 1.4700 (Major SSL target).
TP3: 1.4650 (Final institutional target).
✅ Trade Type: Reversal (Distribution).
✅ Confidence Level: HIGH (Smart Money Confirmation).