EURCAD

(Last Updated May 28, 2020)

Hello! This is the news page for EURCAD. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

For EURCAD, we have to zoom out to the 90 day timeframe and beyond to see a clear trend; at that point, a very slight uptrend becomes apparent.

EURCAD Moving Averages

Nuances in the trend on EURCAD can be understood by observing the behavior of its moving averages. The 100 and 200 day averages suggest a bullish trend, as they are pointing upwards, in contrast to the downward-facing 20 and 50 day averages that imply a bearish trend. Ultimately, this suggests a bearish trend on shorter timeframes, compared to a bullish trend when observing more than 3 months of data.

The chart below illustrates.

As for correlation, In terms of correlations over the past week for EURCAD, it has been most correlated with EURSEK. Over the past 14 days, however, the asset showing the strongest correlation to EURCAD is CADCHF. On the flip side, USDJPY has been the asset least correlated with EURCAD — but if we observe the prior two weeks, EURSEK has been the asset least correlated with EURCAD. See the chart below to observe the recent price action in EURCAD versus those of assets it hasn’t been well correlated with.

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