Analysis of the USDCAD Currency Pair for 09.02.2026

Analytics of currency pairs based on modified wave analysis, Fibonacci levels, and price channels.

09.02.2026.     

EURCAD

       Trend is bearish. The currency pair is trading within the 365 and 135 EMA range. The ascending wave structure is truncated. The Awesome Oscillator shows bearish divergence, while the Stochastic Oscillator signals overbought conditions.

Trading idea:

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

Stop Loss: above the local high of the truncated ascending structure.

Target levels: 1.61306; 1.61060.