The EURCAD currency pair has reached a critical resistance levelThe EURCAD currency pair has reached a critical resistance level at 1.505, signaling an opportunity for selling.
From technical side
This pair has recently encountered strong resistance near the 1.500-1.505 area, where it has failed to break above these levels multiple times.
RSI has consistently been overbought territory above the 70 level. Euro is now overextended and due for a pullback.
From fundamental side
Recent economic data from the Eurozone has shown signs of slowing growth, with inflationary pressures remaining above the European Central Bank's target, potentially leading to a more dovish stance in future monetary policy.
On the other hand, Canada's economic outlook has been more resilient, with solid GDP growth, rising oil prices, and an increasingly hawkish tone from the Bank of Canada.
First Target: 1.498 area being 0.382 retracement level
Second Target: 1.493 area being 0.618 retracement level in conjunction with previous top
EURCAD trade ideas
#022 Trust The Process EURCAD Sell 1302SGT 25022025Selling EURCAD at the Major Resistance area as seen on the chart.
I bought the opposite is true on my other paper accounts on Oanda MT4.
1303SGT 25022025
Add : My ideas are drawn based on the 1 Minute Time Frame, but it doesn't matter actually as long as you can buy and sell. Don't need to fret the small stuff.
I can't post the idea based on 1 Minute Time Frame because " the resolution is too small ".
EURCAD BUY SETUPInstitutional Trade Plan
📌 Entry Strategy:
Ideal Buy Zone: 1.4950 – 1.4920 (discount zone).
Alternative Entry: If price reacts at 1.4975 FVG, a smaller position can be considered.
📌 Stop Loss (SL):
Safe SL: Below 1.4900 (institutional liquidity protection).
📌 Take Profit (TP) Targets:
TP1: 1.5050 (recent high).
TP2: 1.5100 (BSL zone).
TP3: 1.5150+ (breakout target).
📌 Confidence Level: MEDIUM
Reasons:
BOS confirms bullish intent.
Liquidity grab below recent lows supports bullish continuation.
📌 Trade Type: Intraday / Swing
If price reacts from 1.4950, it could be an intraday buy.
If price goes deeper into 1.4920, it may be a swing buy.
Final Institutional Decision
🚀 Conclusion: WAIT for price to retrace before entering a buy.
No need to chase price at highs.
Watch 1.4950–1.4920 for Smart Money reaction.
If price reaches 1.5050–1.5100, watch for potential reversal.
🔥 Final Play: Buy at Discount Zone → Target Buy-Side Liquidity Above 1.5050.
EURCAD My Opinion! SELL!
My dear subscribers,
This is my opinion on the EURCAD next move:
The instrument tests an important psychological level 1.5004
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.4918
My Stop Loss - 1.5061
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.
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WISH YOU ALL LUCK
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.
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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
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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.
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