Analysis of the EURCAD Currency Pair for 29.01.2026

Currency pair analysis based on modified wave analysis, Fibonacci levels, and price channels.

29.01.2026.     

EURCAD

       The trend is bullish. The currency pair is trading within the range of the 365 and 135 EMAs and near the lower boundary of the ascending price channel. A bearish truncated wave structure has completed with a breakout of the descending channel. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator indicates oversold conditions.

Trading Idea:

Buy on a breakout above 1.62200.

Stop Loss: 1.61770.

Target levels: 1.62634; 1.63180.