-
- Interest Rate2.15
- Inflation Rate MoM0.7
- Inflation Expectations2.6
- Retail Sales MoM0
- GDP Growth Rate0.2
- GDP m/m
- Manufacturing PMI50.8
- Services PMI 51.9
- Unemployment Rate6.1
-
- 2.25Interest Rate
- 0.5Inflation Rate MoM
- 4.1Inflation Expectations
- 1.5Retail Sales MoM
- 0GDP Growth Rate
- 0GDP m/m
- 51Manufacturing PMI
- 46.5Services PMI
- 6.7Unemployment Rate
Day Trading
Short Term/Scalp Opportunity
Waiting for confirmations
Swing Trading
Long Term Opportunity
Waiting for confirmations
- 2026-03-17 01:00 UTCRISK-OFF: Investors become risk-averse, favoring safer assets during uncertain or negative market conditions
Risk-ON: Investors are willing to take risks, often seen during positive market sentiment. They may invest in higher-risk assets
MIX: Risky/Safe assets trades together
| R1: | S1: | ||
|---|---|---|---|
| R2: | S2: | ||
| R3: | S3: | ||
| R4: | S4: |
Daily:
H1:
M30:
M5:
Signal
Sell
Over Bought
Neutral
Sell
waiting...
Pivot Points
Pivot: 1.57183
S1: 1.56764
S2: 1.56126
S3: 1.55707
R1: 1.57821
R2: 1.58240
R3: 1.58878
EURCAD, Retail traders Sentiment
EURCAD, Retails Liquidity history
>Euro
Net Positions:
Previous 136,498
Current 105,144
Changes -31354 -23%>Canadian Dollar
Net Positions:
Previous 21,050
Current 36,159
Changes +15109 72%
Licensed User access
Base: EUR
Interest rate: 2.15%
Germany 10Y Bonds: 2.949 , chg: -0.028 (-0.940%)
Italy Bonds, Italy 10: 3.727 , chg: -0.074 (-0.940%)
Fundamental Bias: Bullish Weak
Fundamental Score: 16
COT POS: EUR: 105144 pos, last change: -23% (-31354 contracts)
Retail Short pos ratio: 40%
Retail trader Sell position: 0
Retail trader Sell volume: 0 lot
Distance to Resistance R4 (1.58397): 0.01110
Quote: CAD
Interest rate: 2.25%
Bonds, Canada 10Y: 3.435 , chg: 0.000 (0.000%)
Fundamental Bias: Bearish Weak
Fundamental Score: 7
COT POS: CAD: 36159 pos, last change: 72% (15109 contracts)
Retail Long pos ratio: 60%
Retail trader Long position: 0
Retail trader Buy volume: 0 lot
Distance to Support S4 (1.55647): 0.01640
Forecast by Ziwox AI
Bullish Weak
European Central Bank (ECB) rate: 2.15%
Monetary Policy: Dovish Last change: Jun 05, 2025 (-25bp)
Bearish Weak
Bank of Canada (BOC) rate: 2.25%
Monetary Policy: Dovish Last change: Oct 29, 2025 (-25bp)
Economic compare
-
- Interest Rate2.15
- CPI y/y1.9
- Inflation Rate MoM0.7
- Producer Prices Change0
- Core Inflation Rate MoM0.8
- Consumer Price Index CPI101
- Inflation Expectations2.6
- Retail Sales MoM0
- Core Producer Prices MoM
- GDP Growth Rate0.2
- GDP m/m
- Manufacturing PMI50.8
- Services PMI 51.9
- Non Manufacturing PMI
- Unemployment Rate6.1
- Employment Rate70.9
- Initial Jobless Claims
- Non Farm Payrolls
- Average Hourly Earnings
- ADP Employment Change
- Balance of Trade12624
- Consumer Confidence0
- Government Bond 10Y
- TOTAL SCORE6
-
- 2.25Interest Rate
- 1.8CPI y/y
- 0.5Inflation Rate MoM
- 5.4Producer Prices Change
- 0.4Core Inflation Rate MoM
- 165Consumer Price Index CPI
- 4.1Inflation Expectations
- 1.5Retail Sales MoM
- Core Producer Prices MoM
- 0GDP Growth Rate
- 0GDP m/m
- 51Manufacturing PMI
- 46.5Services PMI
- Non Manufacturing PMI
- 6.7Unemployment Rate
- 60.6Employment Rate
- Initial Jobless Claims
- 18240Non Farm Payrolls
- 38.49Average Hourly Earnings
- ADP Employment Change
- 0Balance of Trade
- 47.5Consumer Confidence
- Government Bond 10Y
- 2TOTAL SCORE
According to economic data, the base currency is outperforming the quote currency due to stronger economic indicators, encouraging traders to buy the pair. This positive outlook, driven by the base currency's strength versus the quote currency's weakness, increases the likelihood of buying activity to profit from this divergence.
Bullish points
Bullish points
Bearish points
- Dovish Monetary Policy
Bearish points
- Dovish Monetary Policy
The Euro (EUR) is the official currency of the Eurozone, consisting of 19 of the 27 European Union (EU) member countries. It is the second most traded currency in the world and serves as a symbol of European economic integration. The Euro was introduced in 1999, and its value is influenced by the economic stability of the Eurozone. Key points include its central role in global trade and finance, with the European Central Bank (ECB) being responsible for its monetary policy. The Euro often shows strong correlations with the USD and commodity prices due to the economic dynamics of Europe and the global trade market. The Euro’s price is driven by factors such as GDP growth, inflation rates, political stability within the EU, and interest rates set by the ECB. In times of geopolitical instability, the Euro may weaken, while a stable economic outlook in the Eurozone can lead to strengthening.
The Canadian Dollar (CAD) is the currency of Canada, and it is often referred to as the "Loonie" due to the loon bird depicted on the one-dollar coin. The CAD is heavily correlated with commodity prices, particularly oil, as Canada is one of the world’s largest oil exporters. The price of crude oil directly impacts the CAD’s value, making it a commodity-linked currency. The Bank of Canada (BoC) controls the monetary policy for the CAD. Other key price drivers for the CAD include interest rates, inflation data, and Canada’s trade balance. Economic growth in the US, as Canada’s primary trading partner, also affects the CAD, with stronger US demand often supporting a stronger Canadian Dollar. Fluctuations in global oil prices remain the most significant impact factor for the CAD.
EURCAD Analysis
Introduction
This pair is impacted by the Eurozone’s economic data and the price of oil, as Canada is a major oil exporter. The EUR/CAD is often driven by shifts in global trade and energy market conditions. It can be volatile, particularly when there is a divergence in economic growth between the Eurozone and Canada.
Fundamentals and Interest Rates
The European Central Bank policy is Dovish with the (ECB) current Interest rate 2.15%. Latest change was Jun 05, 2025 (-25bp)%.
On that side the Bank of Canada policy is Dovish and (BOC) has set its interest rate to 2.25% by latest change, Oct 29, 2025 (-25bp).
(BOC) Higher interest rates generally lead to higher returns on investments denominated in CAD. This tends to attract foreign capital into CAD assets.
Based on the economic and macro fundamental data, The Fundamental Bias of EUR is Weak Bullish and for the CAD is Weak Bearish.
Ziwox considering Weak Bullish bias for this asset and we anticipate long-term price increases.
Our Ziwox A, mid-term Fundamental Score for EUR is 16. and Fundamental Score for CAD is 7. So, base on the Fundamental Score, we predict mid-term upside price movement.
Market Overview & Performance
In the current trading session, "Sydney & Tokyo", Market risk sentiment is Risk-OFF. The Canadian Dollar and Switzerland Frank recorded the strongest performance, while the Yen and Australian dollar are weakest so far.
Currencies performance vs US dollar "USD"
Gold "XAU", recorded a -0.01% decrease against us dollar.
Euro "EUR", performance has been -0.01% down so far
Pond "GBP", performance has been -0.04% down as of now
Australian dollar "AUD", has dropped by -0.07%
New Zealand dollar "NZD", has dropped by -0.07%
Japanese YEN "JPY", experienced -0.07% fall
Swiss franc "CHF", experienced 0.01% rise so far
Canadian dollar "CAD", has gained 0.01%
Market Sentiment and Positioning
EUR COT (Commitments of Traders):
Institutions Net Position on >Euro is 105144 included 265686 long, 160542 short and -31354 position changed from last week.
So they mainly have a bullish view on this asset and bought EUR for higher prices in long-term.
Last week -31354 repositioning Indicates closing positions, short-term profit-taking, or a general pessimism about prices.
CAD COT (Commitments of Traders):
Institutions Net Position on >Canadian Dollar is 36159 included 93899 long, 57740 short and 15109 position changed from last week.
So they mainly have a bullish view on this asset and bought CAD for higher prices in long-term.
Last week 15109 repositioning Indicates that they are optimistic about higher prices in mid-term.
Retail Traders:
Crowd traders or Retail traders are bullish on the EURCAD with 60% 40% ratio. 0 long pos and 0 short position.
We generally adopt a contrarian approach towards crowd sentiment and we give probability EURCAD prices may decrease.
Technical Levels and Support/Resistance
The EURCAD pair is approaching a critical technical support level near 1.55647.
Technical trend is Sell, So If the pair continues to weaken, this support could become a significant area to watch for potential reversal or consolidation.
On the upside, there is key resistance near 1.58397. Technically, If the pair continues to the upside, this resistance level could become a significant area to watch for sell entery potential.
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Our forecasts, signals, and trade opportunities are provided to help you stay informed, but we do not take responsibility for any potential losses.
Additionally, we do not offer financial or investment advice in this section of the website.
Before engaging in foreign currency trading, its important to carefully consider your own investment goals, experience level, and risk tolerance.
We want to emphasize that we cannot be held liable for any loss or damage, including potential profit loss, that may result from using or relying on this information. Your decisions are ultimately your own, and we encourage you to approach trading with caution and awareness.
