#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 st
Euro / Canadian Dollar
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The Euro vs. the Canadian Dollar. The Euro is the second most popular reserve currency in the world and is considered to be very stable. The Canadian dollar is the seventh most commonly traded currency in the world and is highly dependent on Canada’s exporting of its natural resources, especially oil.
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 th
Bearish reversal in play?EUR/CAD has rejected the pivot, which has been identified as an overlap resistance that aligns with the 61.8% Fibonacci retracement and could potentially drop toward the 1st support.
Pivot: 1.61595
1st Support: 1.60900
1st Resistance: 1.62067
Disclaimer:
The opinions given above constitute gener
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 Te
EURCAD downtrend and short bias with strong weekly supplyEURCAD weekly supply has been in control for weeks and is now dropping an printing new weekly and daily lows. There are new opportunities being created in the smaller timeframes to go short in this Forex major pair. You can use intraday and short-term forex strategies to go short on this pair.
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
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 lo
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 mark
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 b
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
The current rate of EURCAD is 1.61601 CAD — it has increased by 0.07% in the past 24 hours. See more of EURCAD rate dynamics on the detailed chart.
The value of the EURCAD pair is quoted as 1 EUR per x CAD. For example, if the pair is trading at 1.50, it means it takes 1.5 CAD to buy 1 EUR.
The term volatility describes the risk related to the changes in an asset's value. EURCAD has the volatility rating of 0.67%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The EURCAD showed a 0.84% rise over the past week, the month change is a −0.33% fall, and over the last year it has increased by 2.13%. Track live rate changes on the EURCAD chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
EURCAD is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade EURCAD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with EURCAD technical analysis. The technical rating for the pair is buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the EURCAD shows the strong buy signal, and 1 month rating is buy. See more of EURCAD technicals for a more comprehensive analysis.









