(Last Updated July 4, 2022 1:38 GMT)
At the moment, EURCAD’s rate is up 8 pips (0.06%) from the hour prior. The hourly chart shows that EURCAD has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
EURCAD End of Day Recap
Updated 00:30 GMT (04:30 EST)
The back and forth price flow continues for EURCAD, which started today off at 1.3436, down 59 pips 0.44% from yesterday. Relative to other instruments in the Forex asset class, EURCAD ranked 22nd yesterday in terms of percentage price change. Below is a price chart of EURCAD.
EURCAD Technical Analysis
The first thing we should note is that EURCAD is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 14 days EURCAD’s price has gone up 7 them.