EURCAD trade ideas
EURCAD Long Idea 13-03-25Looking at the technical it is a 'Buy'. This combined with the indicators Fib Retracement and Bollinger there is a good support at the -0.13 line.
Entry- 1.56242
Tp1- 1.56442
Tp2- 1.57225
SL- 1.55834
EURCAD FORECASTToday guys! We are here again with another potential which is really developing nicely EURCAD looks better from the higher timeframe, what we only wait is structure formation from the lower timeframe as the continuation of the trend. Because the higher timeframe has already painted the picture of what price can do next
So guys I wish a good trading day and God Bless!
EURCAD Wave Analysis – 12 March 2025
- EURCAD reversed from the resistance area
- Likely to fall to support level 14.20
EURCAD currency pair recently reversed from the resistance area between the long-term resistance level 1.5800 (which has been reversing the price since the start of 2020) and the upper daily Bollinger Band.
The downward reversal from this resistance area stopped the previous upward impulse wave (3).
Given the strength of the resistance level 1.5800, EURCAD currency pair can be expected to fall to the next support level 14.20.
EURCAD - Weekly Forecast - Technical Analysis & Trading IdeasOANDA:EURCAD
💡 Daily Timeframe:
As forecasted by 4CastMachine AI, The Euro also reached our TP7 at 1.5777 by breaking the resistance at 1.5156.
The broken resistance area will serve as our new support area and Buy Zone.
As long as this area is not broken down, there is a possibility of a resumption of the uptrend.
If the price enters our new buy zone with a corrective wave and is rejected from it, we will enter with buy trades.
💡 H4 Timeframe:
The bearish wave is expected to continue as long as the price is below the strong resistance at 1.5857
💡 H1 Timeframe:
The uptrend is broken, and price is in an impulse wave.
1.5729 support is broken now. It will act as a Resistance now!
Forecast:
Correction wave toward the Sell Zone
Another Downward Impulse wave toward Lower TPs
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EURCAD is in the Up-TrendHello Traders
In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET
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EUR/CAD CREATES 240 WEEKS HIGH AFTER MARCH RATE CUTSeveral factors have influenced EUR/CAD in recent times. Despite last week’s rate cut, the pair continued to rally, driven by market sentiment and optimism about a potential shift in monetary policy. From Eurozone inflation, currently at 2.4%, which slightly eased from January’s 2.5%, which contributed to the ECB’s decision to cut rates in March 6th by 25bps, to escalating trade tensions between the U.S. and Canada, with the U.S. announcing plans to double tariffs on Canadian steel and aluminum to 50% in response to Ontario’s electricity surcharge each development has played a role in shaping price action.
Since June, the ECB has lowered rate for six times but offered no clear guidance on future policy during it last policy meeting, thereby leaving markets uncertain amid a period of heightened volatility, further exacerbated by the Trump administration’s challenge to established international cooperation.
Earlier today, the ECB president Christian Lagarde said "Our expectations have indeed been swept aside in the last few years, and in the last few weeks in particular, "She also said. "We have seen political decisions that would have been unthinkable only a few months ago." Therefore, "We can be clear about our reaction function, and notably how we are likely to be affected by changing circumstances and what kind of data we will look at,"
UPCOMING CATALYST
The Bank of Canada’s rate cut decision is set to be released today, March 12, at 5:45 PM GMT+4 (Dubai time), with the market already pricing in a 25bps cut.
Looking ahead, Canada’s inflation data is scheduled for release next Tuesday, March 18, followed by retail sales data on Friday the 14th. These key economic indicators have the potential to drive significant market volatility, making it crucial for traders and investors to stay alert for potential price movements.
TECHNICAL VIEW
The EUR/CAD maintained its bullish momentum, reaching a 240-week high of 1.5857 on March 11, 2025. However, the pair rebounded after encountering strong resistance at the psychological 1.5900 level. This pause suggests investors are taking profits while awaiting the Bank of Canada (BoC) rate decision later today and assessing the market impact of the newly imposed 50% U.S. tariffs on Canadian imports.
As the price retreats, the 1.5581 level emerges as a minor support to watch, aligning with the 23.6% Fibonacci retracement level. On the overall, the pair remains bullish, extending its gains from the previous week. If buying momentum persists, the price may attempt another push toward the 1.5900 resistance and a break above could potentially target 1.6000 in the coming weeks. However, if sellers gain control following the BoC rate decision, the decline could extend towards key Fibonacci levels: 1.5581 (23.6%), 1.5410 (38.2%), 1.5271 (50.0%), and 1.5133 (61.8%), with the latter being a particularly strong support zone which was broken on the 3rd of March.
The RSI momentum has also remained above the 70 overbought level since late February, signaling a possible market correction as per technical analyst.
Could the price drop from here?EUR/CAD has reacted off the pivot and could drop to the 1st support level which acts as an overlap support.
Pivot: 1.5866
1st Support: 1.5545
1st Resistance: 1.5995
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EURCAD BUY!So far Euro is in strong uptrend and presents a good buying oppurtunity against weak canadian dollar.....
Buy when 4hr candle closes above horizental line....
Please like and share your ideas...
(IMP: TODAY IS USI CPI NEWS)
EURCAD Bullish EURCAD is showing bullish trend, the trend is expected to be continued as we can see there are series of higher high and higher lows and there is no divergence at RSI. We can enter into the trade after the break of HH, keeping the last HL as stop loss.
The way forward for the EURCAD currency pairThe EURCAD price trend after the current upward trend is in the range of 1.58, even with partial downward corrections!
Please note that the chart is on the weekly time frame.
In addition, the analysis performed on this chart does not consider the trading entry position and is only considered to express the price target.
Good luck.
MJ.REZAEI
short. extremely overdone.. wick highs = reshorts.short. extremely overdone.. wick highs = reshorts.
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Not as refined as our direct trade setups. More for advanced active traders.
information created and published doesn't constitute investment advice!
NOT financial advice
EURCAD resistance zoneEURCAD is close to the multi-year resistance zone from where we could have a good opportunity for a pullback and a return to the bearish side.
Bullish Continuation Pattern (Bullish Flag)Bullish Continuation Pattern, Bullish Flag
🔹 Bullish Flag – The price had a strong upward move, followed by a slight consolidation. If it breaks above resistance, it could continue the uptrend.
📊 Key Levels to Watch:
Target 1.57000
Stop Loss 1.55300
Support: Around 1.555
Resistance: Around 1.561 - 1.565
If price breaks above resistance with volume, it could indicate a strong bullish move! 🚀
⚠️ Risk Management: Always use 1-2% risk per trade to protect capital.
📌 Trade Wisely & Stick to Plan! 🚀
EURCAD - Falling wedgeThe pair has shown sign of bearihsness on 1H TF. It formed bearish divergence on RSI and falling wedge chart pattern . A short position can be taken after the wedge is brojen by price and the last los is taken out.
EURCAD chart shows a Bullish Flag PatternThis EURCAD chart shows a **Bullish Flag Pattern**, as indicated on the chart.
**Key Observations:**
- **Bullish Flag Pattern**: This is a continuation pattern that typically signals a potential upward breakout after consolidation.
- **Resistance Zone**: Around **1.56200 - 1.56400**.
- **Support Zone**: Around **1.55600 - 1.55700**.
- **Moving Averages**: Price is trading above the moving averages, indicating bullish momentum.
- **Volume Analysis**: Increased volume on the breakout suggests strong buying pressure.
### **Trading Plan:**
- **Entry**: If price retraces to support and shows bullish confirmation, a buy trade can be placed near **1.55700 - 1.55800**.
- **Stop Loss (SL)**: Below **1.55400** to minimize risk.
- **Take Profit (TP)**: Around **1.57000 - 1.57500** in case of a breakout.
EURCAD, Short, 1D✅ EURCAD is overbought and is expected to move lower toward the key support at 1.51700
SHORT 📉
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EURCAD H1We have a strong demand zone if the price come back to it and show as confirmation we take long to the next high
LR
Is CAD tariff premium overpriced?Will Trump really go with 25% tariffs for Canada?
Still days before Feb 1st and too much uncertainty
with current info available it does not justify tariff premium to be priced as such, waiting for EURCAD breakdown for a short
always wait for market to show u the signs and only enter with LTF confirmation
Note this is counter trend mean reversion trade idea so be mindful of potential pip and ATR range.
Second hedgepoint setupsmacro traders will know what announcement we waiting for
second stacked hedge point after our shared eurusd
short hedges
same thing LTF breakdown or a wick up crash
already in hedge flow zone
Check out our socials for some nice insights.
Let us know if there're any pair you like to see or if this is something you like.
information created and published doesn't constitute investment advice!
NOT financial advice
EURCAD Daily Trade Setup – Targeting Buy-Side Liquidity! 🔹 Daily FVG Mitigation: Price is currently in a Fair Value Gap (FVG) on the daily timeframe, indicating potential institutional interest.
🔹 Change of Character (ChoCH) on Daily: A bullish shift in structure suggests that smart money may be accumulating positions for an upward move.
🔹 Liquidity Target: The next expected move is towards Buy-Side Liquidity, where stop-loss clusters and pending orders reside.
📊 Trade Plan:
✅ Entry Confirmation: Lower timeframe (H4/M15) Break of Structure (BOS) + Order Block (OB) Retest
✅ Stop Loss: Below the last swing low or OB for proper risk management
✅ Take Profit: Buy-side liquidity level / Key resistance zones
✅ Risk-to-Reward Ratio: Minimum 1:3 to maximize potential gains
🔍 Key Considerations:
📈 Volume Confirmation: Institutional volume alignment (POC, HVN) for strong confirmation
⏳ London & NY Sessions: Best execution timings for high-probability moves
📅 Upcoming News Events: Watch for high-impact events that may influence EUR or CAD
⚠️ Risk Disclaimer: This is for educational purposes only, not financial advice. Manage your risk accordingly!
📊 What’s your bias on EURCAD? Comment below! 👇💬
#EURCAD #SmartMoneyConcepts #SMC #ICT #ForexTrading #LiquidityHunt #OrderBlocks #FairValueGap #ForexAnalysis 🚀📉
EURCAD NEW SELL PLAN (UPDATED)📌 EUR/CAD TRADE ANALYSIS & EXECUTION PLAN 🎯
🔥 Primary Sell Trade – High-Conviction Institutional Setup
🔹 Entry Zone 1: Sell Limit at 1.5500 (Liquidity Grab + Supply Zone).
🔹 Entry Zone 2: Sell Limit at 1.5550 (Final liquidity sweep before rejection).
🔹 Confirmation Entry (H1/H4):
✅ H4 Bearish Engulfing Bar (Major sign of institutional selling).
✅ M30/H1 Bearish Divergence (Momentum weakening at highs).
✅ Volume Spike at Highs (Liquidity grab & Smart Money distribution).
📍 Stop Loss & Take Profits:
✅ Ultra-Safe SL: Above 1.5600 (Liquidity grab invalidation).
✅ Safe SL: Above 1.5570 (Structure invalidation).
✅ TP1: 1.5350 (First reaction zone – move SL to breakeven).
✅ TP2: 1.5250 (Institutional demand zone).
✅ TP3: 1.5150 (Full move completion).
🎯 Confidence Level: ✅✅✅✅ (80-90%) – High Probability Trade
📍 Why This Sell Setup?
🔹 H4 Bearish Engulfing Bar: Strong rejection with institutional sell momentum at highs.
🔹 Bearish Divergence (M30/H1): Momentum exhaustion as price made higher highs while RSI/MACD failed to confirm.
🔹 Liquidity Grab Above 1.5450: Stop hunts triggered before a selloff, confirming Smart Money involvement.
🔹 Key Resistance Zone (1.5500-1.5550): Historical supply area where previous reversals occurred.
🔹 Overextended Rally: Price surged from 1.4900 to 1.5500 with no proper retracement – high probability for correction.
🚨 Trade Invalidation Criteria:
❌ Close above 1.5600 (Ultra-Safe SL hit).
❌ H4 bullish structure shift (Break & close above 1.5620+).
❌ Fundamental shift favoring EUR strength (Major news event).
📢 H4 engulfing bar + M30/H1 divergence confirm Smart Money selling! Watch for reaction at 1.5500-1.5550! 🚀
