The clearest trend exists on the 30 day timeframe, which shows price moving up over that time.
The closest is the 100 day average, which is 10.8 pips away.
The closest is the 20 day average, which is 11.7 pips away.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
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.
Compared to its peers in the forex, eurcad gave its buyers a return that ranked 5th in terms of percentage change since the day prior.
It’s been a feast for bulls operating on an hourly timeframe, as eurcad has now gone up 4 of the past 5 hours.
Relative to other instruments in the forex asset class, eurcad ranked 21st the previous day in terms of percentage price change.
It should be noted, though, the 20 and 50 day simple moving averages turned upwards, which may be a bullish sign.
This is the 2nd consecutive hour eurcad has seen its price head down.