EUR/CAD Up 21 Pips On 4 Hour Chart, Moves Up For the 2nd Day In A Row; Price Base in Formation Over Past 30 Days
For additional context, note that price has gone up 6 out of the past 10 days.
EURCAD
(Last Updated April 7, 2020)
Hello! This is the news page for EURCAD. Below you’ll find our daily market updates. Here’s a summary of where things currently stand:
The Latest News On Trends by Moving Averages
Here is what the moving averages are indicating about the trend in the rate of EURCAD:
20 Day Moving Average Direction: bearish
50 Day Moving Average Direction: bullish
100 Day Moving Average Direction: bullish
200 Day Moving Average Direction: bullish
How the Current EURCAD Rate Fares Relative to the Past Year?
Yesterday saw the market for EURCAD close at a rate of 1.524. On a relative basis, that puts the pair closer to its 52 week high (currently at 1.59948) than its 52 week low (now at 1.42627).To dig deeper and get the latest news on EURCAD, try the links below. You can also visit the MarketWatch or Investing.com pages on EURCAD for more news as well.
EUR/CAD Down 12 Pips On 4 Hour Chart, Came Into Today Up For the 2nd Day In A Row; Doji Pattern Appearing on Chart
It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe.
EUR/CAD Down 57 Pips in Last 4 Hours, Price Base in Formation Over Past 14 Days; Pin Bar Pattern Appearing on Chart
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
EUR/CAD Up 3 Pips in Last 4 Hours, 2 Day Down Streak Snapped; in a Downtrend Over Past 14 Days
It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe.
EUR/CAD Up 1 Pips in Last 4 Hours, Crosses 20 Day Moving Average; Price Base in Formation Over Past 14 Days
If the price breaks the bottom line of the pattern, it will confirm a downward movement to 1.52000 and 1.48000 support zones….
EUR/CAD Up 9 Pips in Last 4 Hours, Crosses 20 Day Moving Average; Price Base in Formation Over Past 14 Days
Compared to its peers in the forex, eur/cad gave its buyers a return that ranked 37th in terms of percentage change since the previous day.
EUR/CAD Down 13 Pips On 4 Hour Chart, is Inching Close to 20 Day Average; Pin Bar Pattern Appearing on Chart
Or to simplify this another way, note that out of the past 14 days eur/cad’s price has gone up 8 them.
EUR/CAD Up 11 Pips in Last 4 Hours, Moves Up For the 5th Day In A Row; Pin Bar Pattern Appearing on Chart
Volatility for eur/cad has been contracting over the past two weeks relative to volatility over the past month.
EUR/CAD Up 34 Pips On 4 Hour Chart, Entered Today Up For the 3rd Day In A Row; Pin Bar Pattern Appearing on Chart
As for the rationale, technical traders seem to be citing the appearance of channel, fibonacci, head and shoulders, relative strength index and triangle technical patterns.