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EURCAD trade ideas

EURCAD INTRADAY Uptrend breakout supported at 1.5030The EURCAD price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the rising support trendline zone. The key trading level is at 1.0530 level, the consolidation price range zone. A corrective pullback from the current levels and a bullish bounce back from the 1.0530 level could target the upside resistance at 1.5080 followed by the 1.5093 and 1.5122 levels over the longer timeframe. Alternatively, a confirmed loss of the 1.5030 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 1.5013 support level followed by 1.4974. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
EUR/CAD Breakout – Trend Reversal or Bull Trap?OANDA:EURCAD Technical Analysis – February 26, 2025 Hello traders, this is Fuinvest, and today we’ll break down the EUR/CAD pair on the 4-hour timeframe, using a combination of Price Action and key indicators. Let’s get started! 1. Trend & Market Structure Looking at the chart, EUR/CAD has made a strong breakout past its previous resistance levels and is currently trading around 1.5045. Earlier, price cleared all three key EMAs: 34 EMA (gray) – 1.4916 89 EMA (yellow) – 1.4893 200 EMA (red) – 1.4890 💡 Key Observations: After consolidating around 1.4850 – 1.4900, price exploded upward with high momentum and strong volume. The 34 EMA has crossed above the 89 EMA, signaling potential bullish continuation. A decisive break above the 200 EMA could indicate a trend shift from bearish to bullish. 2. Key Support & Resistance Levels 📍 Support Zones: 1.4916 – 1.4930 (34 & 89 EMA support zone) → A key area to watch if price pulls back. 1.4890 (200 EMA support) → If price retests and holds, the bullish trend remains intact. 📍 Resistance Zones: 1.5050 – 1.5070 → Current price region; a key test for bulls. 1.5100 – 1.5150 → If this breaks, expect further upside movement. 3. Price Action & Key Insights Strong breakout above the 200 EMA with high volume → Bulls are in control. Bullish Marubozu candle indicates strong buying pressure. Increased trading volume during the breakout → Likely institutional interest. 💡 What this means: If price stays above the 34 & 89 EMA, expect continued bullish momentum. If price rejects 1.5050 and forms a reversal pattern, we may see a short-term pullback. 4. Suggested Trading Strategies ✅ Trend-Following Buy Setup (Higher Probability) 🔹 Entry: Look for a pullback to 1.4916 – 1.4930 with a bullish confirmation. 🔹 Stop Loss: Below 1.4890 (under 200 EMA). 🔹 Target 1: 1.5050 – 1.5070. 🔹 Target 2: 1.5100 – 1.5150. 📌 Confirmation Needed: Bullish candlestick formation or price action indicating strong buyer interest. ❌ Short-Term Countertrend Sell Setup (Riskier Play) 🔹 Entry: If price struggles at 1.5050 – 1.5070 and forms a bearish reversal pattern. 🔹 Stop Loss: Above 1.5080 to avoid stop hunts. 🔹 Target: 1.4930 (89 EMA, dynamic support). 📌 Caution: This is a countertrend trade and carries higher risk. Execute only if clear bearish signals emerge. 5. Conclusion & Action Plan 🔹 The bullish breakout above the 200 EMA suggests a potential trend shift. 🔹 If price holds above 1.4930 – 1.4950, expect continuation toward 1.5100 – 1.5150. 🔹 A pullback to the 34 or 89 EMA could offer a strong buying opportunity. 🔹 If price fails at 1.5050, watch for possible bearish rejection signals. 💡 Final Advice: Don’t trade on emotions! Always have a clear risk management plan and wait for market confirmation before entering a trade. 📢 Follow Fuinvest for Daily Market Analysis! If you found this analysis helpful, FOLLOW Fuinvest to receive daily technical insights and market updates. Stay ahead of the game and never miss a trading opportunity! 🚀 🔥 Trade safe and stay profitable! 🔥
Long
by fuinvest
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
Short
by SWTCapitalTrading
1
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.
Long
by jibkhan111
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. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
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!
Long
by DanieIM
3
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.
Short
by Traderscope