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Euro / Canadian Dollar

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EURCAD trade ideas

EURCAD GONE !The EUR/CAD currency pair has recently shown an upward trend driven by divergent monetary policies, with the European Central Bank maintaining a hawkish stance while the Bank of Canada adopts a more cautious approach, increasing euro demand. Declines in oil prices have weakened the Canadian dollar, given Canada's reliance on oil exports. Technical indicators reveal breaches of key resistance levels, signaling sustained bullish momentum. Traders should monitor economic data, oil price trends, and central bank communications closely to adjust their strategies accordingly.
Long
by edl75
Heading into pullback resistance?EUR/CAD is rising towards the pivot and could reverse to the 1st support. Pivot: 1.48819 1st Support: 1.47444 1st Resistance: 1.49827 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.
Short
by ICmarkets
15-11 EURCAD15-11 EURCAD In October we already noticed a channel. The pair moves between 1.48 and 1.51. The last days the pair fell through the bottom of this channel, but it seems that the pair is coming back into the channel. The score of +7 of our signal system clearly indicates that there is an upside potential here. This +7 is formed by: Cot Data 2, Retail sentiment -1, Seasonality 1, Services PMI 1, Retail Sales 2, Inflation 2. All other fundamental values ​​are 0. We set a buy range starting from 1.48950.
Long
by Probeleg
EURCAD Will Explode! BUY! My dear subscribers, My technical analysis for EURCAD is below: The price is coiling around a solid key level - 1.4798 Bias -Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.4912 My Stop Loss - 1.4731 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURCAD FORECASTTraders, this pair is looking promising. The price shows that it has failed to continue pushing to the upside after failing to break the potential highs and closing above. It has given us the indication that it is likely to drop to the downside after breaking all lows impusively, guys whenever we have a failed continuation like this, the failed structure becomes a volume for the price to move to a long distance that's why we expect more of a selling momentum to come ahead.
Short
by Richard_Mkude
1
ECAD: Long or Short?As we all know, the market will do 1 of 2 things; buy or sell. My bias is a short, however, the market will need to pullback to the previous broken zone and show rejection, only then will I enter into a short position. If the market pulls back and breaks above the previous broken zone, I will enter a long position upon the market showing and holding a strong support at that zone. This idea will be invalid if the market creates a new zone of support and rejects it to the upside or if it breaks below that newly created zone. Stay tune for the results!
Short
by jonesc0803
3