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Canadian Dollar/Euro

0.64435EURR
−0.00948−1.45%
As of today at 16:09 GMT
EUR
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CADEUR trade ideas

EURCAD Poised for a Rebound From The Support ZoneEURCAD Poised for a Rebound From The Support Zone Yesterday, the price broke down from a Head and Shoulders pattern, moving down nearly 100 pips. EURCAD is about to test a strong support zone near 1.4700 - 1.4720. The support zone and an empty Economic Calendar could provide an advantage for the price to rise again, as shown on the chart. Targets based on the structure zone are: 🎯 1.4765 🎯 1.4792 🎯 1.4830 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
4
EURCAD: Bearish Momentum in PlayHello Traders, Trust trading has been awesome for you. Please find below my analysis of the EURCAD currency pair from H4 perspective. Trend & Sentiment The pair remains bearish, forming lower highs and lows. Sellers maintain control, though the current consolidation suggests temporary indecision, even though price is facing resistance around the 1.48591. Key Levels: Resistance: 1.48591 Support: 1.47211 Possible Movement A break below the equilibrium at 1.47993 could accelerate bearish momentum toward 1.47211 and 1.45831. A short-term pullback to the resistance at 1.48591 is possible (as we saw the buyers temporarily pushed above this region and closed back below it) but likely to face renewed selling pressure. Short-Term Target: 1.47800 Medium-Term Target: 1.47211 Long-Term Target: 1.45831. This trade may last from now till 22nd November or beyond to fully unfold. Conclusion The bias remains bearish, with a focus on the downside targets unless the price breaks above 1.48898 to challenge the trend. Cheers and happy trading!
Short
by Samuel124
#004 DCA EURCAD SHORTI just woke up from my hour-long nap and I was awoken from the alert that I set on TradingView regarding my TP level getting hit. It was on a previous trade on the GBPCHF short which netted me about 40cents SGD. After the alert, I began looking for setups passively, and scrolling through the Daily Time Frame somewhat, and I saw that EURCAD was dumping, I checked if the 4H, 1H and 15 minutes are aligned with the 60SMA and they are all aligned. Infact, the 15 Minutes Time Frame's current candle is dumping and I entered on a sell market immediately for 100 units (0.001 lot) with no stop loss. I proceeded to set all my other sell limit orders for if price goes against me, so that I could sell into my losses. I am an agent, if someone wants to offload their goods and I can handle that load, I'll do it. LIkewise, if I am offloading and someone on the other end is able to handle it, they will take over my goods. Of course, all is subject to availability of agents, as well as commissions that would affect our final price. I think, taking strong dumps or pumps are better than taking price action that is lukewarm like GBPCHF, even though I took profit with it quickly with as little pain as possible, however, I still prefer price action that moves strongly. So, for now, this is it. I am going to prepare to go out and get my dough through food delivery apps. 1743SGT 19112024
Short
by ProfessionalDuckHunter
EURCAD Wave Analysis 19 November 2024 - EURCAD reversed from resistance level 1.4885 - Likely to fall to support level 1.4750 EURCAD currency pair recently reversed down from the resistance level 1.4885 (which is the lower border of the wide sideways price range inside which the pair has been trading from July, acting as the resistance after it was broken earlier). The downward reversal from the resistance level 1.4885 stopped the previous intermediate ABC correction (2) from the end of last week. Given the strongly bearish euro sentiment seen today, EURCAD currency pair can be expected to fall to the next support level 1.4750.
Short
by FxProGlobal
1
EURCADHello Traders, Here is my analysis for this pair. Please feel free to leave any questions or comments below. I'm happy to engage with you! The entry will only be considered once all your trading rules are satisfied. I recommend adding this pair to your watchlist and monitoring it closely. If the conditions of your strategy align, then it could present a potential opportunity. Pro Tip: One of the best ways to improve your trading is by learning from others. Whether it's predictions, market analysis, or trade set-ups based on clear market conditions, studying ideas will help enhance your skills and refine your strategies. Good luck and happy trading!
Short
by PerryD_FX
EUR/CADOn Monthly, it made a Bearish Engulfing Candle at the 1.47140 Support and 200,50 and 20 EMA are below the price. On Weekly, it made a Hammer Candle and it's above 200,50 and 20 EMA. On Daily, it formed a Doji close to Hammer candle formationright after passing through 1.4800 Resistant. on 1Hour chart, it semms price is consolidating and contracting . It's not clear if it's going Bullish as Daily and Weekly shows, OR Bearish as Monthly chart shows. Just watch and see what will happen.
by Ha-Lion