Analysis of the EURCAD Currency Pair for 22.01.2026

Currency Pair Analysis Based on Modified Wave Analysis, Fibonacci Levels, and Price Channels

22.01.2026.     

EURCAD

       The trend is bullish. The currency pair is trading within the range of the 365 and 135 EMAs on the H1 timeframe. The internal bearish wave structure is truncated. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator signals oversold conditions.

Trading Idea:

Buy on the formation of a bullish wave structure, where wave (A) breaks the inclined channel of the truncated bearish structure.

Stop Loss: 1.6150.

Target levels: 1.6172; 1.6220.