EUR/CAD Price Recap
EUR/CAD is down 59 pips (0.41%) since yesterday (with its current price near 1.45017), marking the 2nd day in a row a decrease has occurred. The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was up 12.44% from the day prior, but down 9.62% from the same day the week before. Out of the 40 instruments in the Forex asset class, EUR/CAD ended up ranking 26th for the day in terms of day-over-day price change. The price chart of EUR/CAD below illustrates.
EUR/CAD Technical Analysis
Coming into today the current price of EUR/CAD is sitting close to its 20, 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Volatility for EUR/CAD has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 15 out of the past 30 days.