Analysis of the EURCAD currency pair for November 9, 2026

09.11.2026

Market Review

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

November 9, 2026

EURCAD

Downtrend. The currency pair is trading between the 365 EMA and 135 EMA. The upward wave structure is truncated. The Awesome Oscillator shows a bearish divergence, while the Stochastic Oscillator indicates an overbought condition.

Trading idea:

Sell upon the formation of a downward wave structure, where wave (A) breaks through the trendline (inclined channel) of the truncated upward structure.

Stop Loss: 1.5750.

Target levels: 1.5645; 1.5590.

Author: GC

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