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Canadian Dollar/Euro

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#EURCAD: 800+ PIPS Selling Setup, Wait For Further Confirmation🔺EURCAD has changed its character and is now extremely bearish. We are awaiting a price retest. Once the price has retested the area the entry will become clearer. There is a swing entry zone where entering can yield a potential gain of 800 pips. 🔺There are two target zones for take profit. The stop loss can be placed above the selling zone. Please use appropriate risk management when trading forex and other financial instruments.
Short
by Setupsfx_
1
EURCAD TRADE IDEA BASED ON FUNDAMENTAL DATA1- Euro right now is fundamentally bullish than Canadian Dollar. 2- European Central Bank in their last meeting had a hawkish tone as well and Canadian Central Bank had a dovish tone in their last meeting because Canada is more focused on their economy right now. 3- Right Now we are waiting for this Friday's Euro CPI data and if that data came out higher than expected EURCAD can move up to its daily 61 Fibonacci Level and the next major data which can damage this trade will be on 17 August 2026 which is Canadian CPI.
Long
by Wildcard7623
1
EURCAD Will Buy From SupportHello Traders In This Chart EURCAD HOURLY Forex Forecast By FOREX PLANET today EURCAD analysis 👆 🟢This Chart includes_ (EURCAD market update) 🟢What is The Next Opportunity on EURCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
Key resistance ahead?EUR/CAD is rising to the resistance level, which acts as an overlap resistance and could reverse from this level to our take profit. Entry: 1.60565 Why we like it: There is an overlap resistance level. Stop loss: 1.6114 Why we like it: There is an overlap resistance level. Take profit: 1.6013 Why we like it: There is an overlap support 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.
Short
by Vantage
Bullish bounce off in play?EUR/CAD has bounced off the pivot, which acts as a pullback support and could potentially rise towards the overlap resistance, which aligns with the 50% Fibonacci retracement. Pivot: 1.60146 1st Support: 1.59502 1st Resistance: 1.61133 Disclaimer: The opinions given above 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 to be informative only, and are not advice, a recommendation, research, a record of our trading prices, 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, or 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.
Long
by IC Markets
Heading towards 50% Fib resistance?EUR/CAD is rising to the resistance level, which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.61342 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 1.62045 Why we like it: There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement. Take profit: 1.60543 Why we like it: There is a pullback support 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.
Short
by Vantage
EURCAD Range Trap: 77-Retest Ceiling in Play, Stacked Liquidity 🚨 ▪️ EURCAD H2 SNAPSHOT — EXECUTIVE SUMMARY ▪️ the EuroCAD is grinding near 1.00000, testing the top of a heavy demand cluster after leaking lower. Buyers are being asked to defend. ▪️ Primary outlook is bullish — the response at — is the tell. Strong overhead liquidity will get targets by the bulls. final target is 6140. ▪️ Key resistance zone: 1.59640, capped 22 times. Above that sits 1.60040, then 1.60290. ▪️ Major defense line: 1.60980 — a very strong level at 77 retests, the backbone of the demand stack. ▪️ Primary downside targets: the demand stack below, where liquidity is heavily layered. ▪️ Major liquidity magnet below: 1.60040–1.59640 — anchored by strong demand; expect a reaction on the first tag. ▪️ Bullish scenario: A daily close back above 1.59640 flips the tape and targets 1.60040, then 1.61970. ▪️ KEY LEVELS RESISTANCEs ▪️ 1.61970 — ★ 4.9 Weak · 72 retests ▪️ 1.61650 — ★ 5.6 Weak · 70 retests ▪️ 1.61420 — ★★ 6.3 Moderate · 92 retests ▪️ 1.60980 — ★★★★ 8.4 Very Strong · 77 retests SUPPORTs ▪️ 1.60290 — ★★★ 7.5 Strong · 16 retests ▪️ 1.60040 — ★★★★ 8.1 Very Strong · 11 retests ▪️ 1.59640 — ★ 5.0 Weak · 22 retests ▪️ ProjectSyndicate Levels Desk — Overview of key S/R zones for FX, indices, metals, NVDA, NQ, ES & GC traders every week. Subscribe to stay up to date with the latest levels.
Long
by ProjectSyndicate
1
EURCAD Trading Opportunity! BUY! My dear friends, Please, find my technical outlook for EURCAD below: The instrument tests an important psychological level 1.6014 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.6043 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EUR/CAD – Buy-Side Liquidity at the 0.618 Fibonacci Level **EUR/CAD – Buy-Side Liquidity at the 0.618 Fibonacci Level 📉** EUR/CAD remains in a **bearish market structure** and is currently consolidating. An interesting area to watch is the **0.618 Fibonacci retracement**, where **buy-side liquidity** is resting. An optimal scenario would be for price to sweep that liquidity first before showing a bearish reaction. If the market rejects the **0.618 Fibonacci level** with bearish price action, a continuation of the downtrend becomes a realistic scenario. As always, I don't predict the market—I prepare for scenarios and wait for confirmation through price action before considering an entry. #Trading #Forex #EURCAD #ICT #PriceAction #Liquidity #BuySide #Fibonacci #SmartMoney #MarketStructure #DayTrading
Long
by ShaboS
EURCAD H1 | Bearish Reaction Off Pullback ResistanceMomentum: Bearish Price is currently below the ichimoku cloud. Sell entry: 1.60559 - Pullback resistance - 71% Fib retracement - Fair value gap Stop Loss: 1.60798 - Swing high resistance Take Profit: 1.60238 - Swing low support High Risk Investment Warning Stratos Markets Limited (fxcm.com/uk), Stratos Europe Ltd (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (fxcm.com/en): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. 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. 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 TFA Global Pte Ltd. Stratos Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au
Short
by FXCM
EUR/CAD – 1H – Bullish structure, watching support retestStructure shifted from bearish to bullish — HH's and HL's confirmed from Jun 27 onward after the Jun 26 LL. Price retraced into the support zone + H4 FVG confluence (~1.6165–1.6190). Wick swept through, reversed sharp — looks like a liquidity grab, not a clean retest. Waiting for H1/M15 alligator to open bullish before pulling the trigger. Execution planned on M15. Entry: 1.61961 SL: 1.61636 (below FVG/HL) TP1: 1.62299 (~1:1) TP2: 1.62610 (~1:2) — main target, TP1 isn't worth much on its own Invalidation: Close below 1.6164 kills the bullish structure, downtrend likely resumes.
Long
by R_Akbar
1
Can EUR/CAD Reshape Global Forex Strategies?The EUR/CAD currency pair increasingly commands institutional attention across global capital markets. Macro traders view this pair as a powerful macroeconomic barometer. The Euro meets a commodity-backed Canadian Dollar during periods of global uncertainty. Consequently, institutional portfolios actively trade this dynamic cross to hedge systemic risk. Macroeconomic Divergence and Interest Rates The monetary policy split between Europe and Canada drives sharp exchange rate movements. The Bank of Canada holds its policy rate at 2.25 percent. Meanwhile, the European Central Bank maintains its deposit facility near 2.00 percent. Central bank governors balance persistent inflation against fragile domestic economic growth. Interest rate differentials directly influence multi-billion-dollar sovereign bond flows. Capital aggressively shifts between Frankfurt and Ottawa based on these relative yields. Geopolitics and Transatlantic Geostrategy Geopolitical disruptions drastically alter global trade routes and raw commodity prices. Middle East energy shocks impact international oil benchmarks and chemical supply chains. Canada benefits directly as a major net exporter of energy resources. Conversely, European manufacturing hubs face persistent imported energy costs and trade drags. The Comprehensive Economic and Trade Agreement strengthens bilateral trade channels despite headwinds. Foreign exchange markets quickly price in these distinct geopolitical realities. Technology, Cybersecurity, and High-Tech Trading Modern forex trading relies entirely on hyper-fast execution and advanced cybersecurity. High-frequency algorithmic systems process millions of EUR/CAD transactions per second. Quantitative funds utilize predictive machine learning to spot subtle price anomalies. Moreover, financial institutions deploy zero-trust architecture to protect cross-border settlement channels. Encrypted messaging networks shield corporate treasuries from malicious cyberattacks during transfers. High-tech infrastructure keeps transatlantic liquidity flowing continuously without operational interruption. Cross-Industry Impact: Pharma and Biotech Corridors Transatlantic trade extends far beyond raw energy commodities and heavy industrial machinery. European pharmaceutical giants export specialized medical therapies and biotech equipment directly to Canada. Currency fluctuations significantly alter export revenues and research budgets for biopharma firms. Corporate treasurers implement automated hedging models to lock in predictable profit margins. Furthermore, intellectual property licensing and clinical trial funding require seamless currency conversion. Stable exchange corridors ensure steady healthcare supply chains and reliable operational funding. Business Models and Leadership Innovation Corporate leadership teams completely redefine foreign exchange risk management in modern treasuries. Chief Financial Officers abandon outdated static hedging practices for real-time dynamic algorithms. Executive teams actively evaluate supply chain locations based on long-term currency trajectories. Companies establish nearshoring facilities to reduce foreign exchange transaction friction across borders. Strategic leadership transforms FX volatility from a passive risk into a competitive advantage. Innovative business models thrive by mastering cross-border currency dynamics. Bank of Canada Rate Decision Analysis This report highlights the Bank of Canada's monetary policy stance, offering crucial insight into the interest rate differentials and economic forces shaping the Canadian Dollar against major global currencies like the Euro.
Short
by the5erstrading
EURCAD: Support Snapped, Draw to COANDA:EURCAD has experienced a major structural shift after failing to push past the heavy red resistance zone near the 1.6250 level. Following a clear rejection at the Wave B high, sellers stepped in aggressively, forcing a clean breakdown through both the long-term ascending trendlines and the key grey S&R support zone (1.6130–1.6170). This decisive daily close below these levels completely invalidates the previous bullish trend structure. With those major barriers giving way, the path of least resistance is firmly pointing downward. The market is now actively drawing toward the pink "ABC Target" box sitting between 1.5970 and 1.6010, which represents the completion of the bearish Wave C leg. The breakout below the S&R zone acts as a clear signal that sellers are in control and are seeking out deeper pools of liquidity. Ultimately, this breakdown represents a classic shift in market environment. After multiple failed attempts by buyers to penetrate the overhead red ceiling, the aggressive breach of both diagonal and horizontal support suggests a major distribution phase is complete. Going forward, the old grey S&R level should act as solid overhead resistance as the market continues its clear draw toward the downside target.
Short
by SmellyTaz