EUR/CAD Down 14 Pips Over Past 4 Hours, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart

EUR/CAD 4 Hour Price Update

Updated July 23, 2020 09:23 AM GMT (05:23 AM EST)

The choppiness in the recent four-hour candle price action of EUR/CAD continues; to start the current 4 hour candle, it came in at a price of 1.5503, down 14 pips (0.09%) since the previous 4 hours. Compared to its peers in the Forex, EUR/CAD gave its buyers a return that ranked 25th in terms of percentage change since the previous 4 hours.

EUR/CAD End of Day Recap

Updated 00:30 GMT (04:30 EST)

The back and forth price flow continues for EUR/CAD, which started today off at 1.55189, down 3 pips 0.02% from the day prior. Compared to its peers in the Forex, EUR/CAD gave its buyers a return that ranked 34th in terms of percentage change since the day prior. Below is a price chart of EUR/CAD.

EUR/CAD Technical Analysis

Notably, EUR/CAD is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. 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 6 out of the past 10 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!