This imputes a buy/sell ratio of 2.5, which is bullish.
Compared to its peers in the forex, eur/cad gave its buyers a return that ranked 24th in terms of percentage change since yesterday.
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.
For additional context, note that price has gone up 10 out of the past 14 days.
It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe.
This imputes a buy/sell ratio of 0.5, which is bearish.
As for the rationale, technical traders seem to be citing the appearance of channel, fibonacci and triangle technical patterns.
The closest is the 20 day average, which is 351.6 pips away.
This imputes a buy/sell ratio of 0.58, which is bearish.
This imputes a buy/sell ratio of 5, which is very bullish.