EUR/CAD – 2H – BUY

2026-08-17 16:00 UTC · 7 hours ago

BUY

100%

▲ BUY

VERY STRONG

Intraday

Prognose: 61% historisch

⚡ Confluence +60%

▲ Bullish 100% (31.23) ▼ Bearish 0% (0.00)

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Signal evolution

Events for EUR/CAD

Full calendar

08:00TomorrowEURBalance of Trade (Jun)●●○Forecast -€6.3BPrevious -€8.24Bin 8h
09:00TomorrowEURZEW Economic Sentiment Index (Aug)●●●Forecast 21.5Previous 26.3in 9h
09:00TomorrowEURZEW Economic Sentiment Index (Aug)●●●Forecast 20Previous 23.4in 9h

All times UTC.

Signals Fired

	Signals Fired	Category	Weight
▲	Fibonacci Retreat UpTrend (79%)	fibonacci	2.73
▲	MA Retreat Up	indicator	2.70
▲	MIDPOINT Retreat Up	indicator	2.58
▲	DEMA Retreat Up	indicator	2.49
▲	HT TRENDLINE Retreat Up	indicator	2.47
▲	EMA Retreat Up	indicator	2.46
▲	MAMA PRICE Retreat Up	indicator	2.34
▲	Support Level Retreat Up	sr	2.26
▲	STOCHF KD Cross Up	indicator	2.19
▲	BOP Zero Cross Up	indicator	2.06
▲	HT PHASOR Inphase Cross Up	indicator	1.57
▲	MAMA Cross Up	indicator	1.37
▲	Spinning Top Bullish	candlestick	1.10

Trend Context

15M

UPChoppy / sideways

30M

UPChoppy / sideways

UPTrend forming

UPChoppy / sideways

UPTrend forming

DOWNTrend forming

12H

DOWNTrend forming

DOWNChoppy / sideways

Analysis

🎯 Key Takeaways

Strong bullish signal cluster on the 2H chart, with multiple indicators turning up.
Trend is bullish on lower timeframes (15m to 4H) but bearish on higher timeframes (8H to 1D).
Key resistance at 1.60949, support at 1.60388.
This could be a counter-trend bounce within a larger downtrend.

The EUR/CAD 2H chart has fired a dense cluster of bullish signals, including BOP Zero Cross Up, STOCHF KD Cross Up, DEMA Retreat Up, EMA Retreat Up, HT TRENDLINE Retreat Up, MA Retreat Up, MAMA Cross Up, and MAMA PRICE Retreat Up, along with additional signals from support/resistance, candlestick, and Fibonacci groups. This confluence suggests strong buying pressure at current levels, with momentum and trend indicators aligning to support a move higher.

Across timeframes, the trend is bullish from the 15m up to the 4H, with the 1H and 4H showing trend formation. However, higher timeframes (8H, 12H, 1D) remain bearish, indicating that this is a counter-trend rally within a larger downtrend. The nearest resistance is at 1.60949, which is the immediate upside target, while support sits at 1.60388. A break above resistance could open the door for further gains, but the bearish higher timeframes suggest caution.

Catalysts

▲ Confluence of multiple bullish signals (BOP, STOCHF, DEMA, EMA, MA, MAMA) all pointing up.
▲ Trend alignment across lower timeframes (15m to 4H) supports the bullish move.
▲ Price is holding above support at 1.60388, with Fibonacci and support/resistance signals adding confluence.
▲ Strong signal strength (very strong) and high probability (100%).

Risk Factors

▼ Higher timeframes (8H, 12H, 1D) are bearish, which could cap upside or reverse the move.
▼ Resistance at 1.60949 is nearby; failure to break could lead to a pullback.
▼ Momentum may fade if price stalls at resistance, especially given choppy conditions on 2H.
▼ Watch for a close below support at 1.60388 as invalidation of the bullish bias.