EUR/CAD Down 13 Pips in Last Hour; Entered Today Down For the 2nd Straight Day
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
EURCAD
January 19, 2022 12:51 GMT
EURCAD Hourly View
Over the past 91 days, the trend for EURCAD’s price has been choppy and unclear. It has oscillated between $1.4151 and $1.459.
EURCAD Daily View
Over the past 135 days, EURCAD’s price has been in a clear downtrend, falling by about $0.00 per day.
EURCAD Weekly View
EURCAD’s price has moved down $0.05 over the prior 33 weeks.
EURCAD Monthly View
EURCAD has a price of $1.4151, down 1.35% from its value 19 days prior.
What is EURCAD Correlated With?
+ Strongest correlations over previous 30 days within its asset class: USDCAD, NZDCAD, and CADCHF
+ Weakest correlation over previous 30 days within its asset class: AUDCHF
EUR/CAD Down 4 Pips On Hourly Chart, Came Into Today Up For the 2nd Consecutive Day; in a Downtrend Over Past 14 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
EUR/CAD Up 10 Pips in Last Hour, Moves Down For the 4th Consecutive Day; in a Downtrend Over Past 14 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
EUR/CAD Up 3 Pips in Last Hour, Crosses 50 Day Moving Average; Price Base in Formation Over Past 30 Days
Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
EUR/CAD Down 1 Pips Over Past Hour, Crosses 50 Day Moving Average; in a Downtrend Over Past 14 Days
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
EUR/CAD Up 6 Pips in Last Hour, Moves Up For the 2nd Straight Day; in a Downtrend Over Past 90 Days
This imputes a buy/sell ratio of 3, which is bullish.
EUR/CAD Up 13 Pips Over Past Hour, Eyes 20 Day Average; Pin Bar Pattern Appearing on Chart
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down.
EUR/CAD Up 9 Pips in Last Hour, Moves Down For the 5th Day In A Row; Eyes 20 Day Average
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time.
EUR/CAD Up 10 Pips On Hourly Chart, Entered Today Down For the 4th Day In A Row; Eyes 20 Day Average
This imputes a buy/sell ratio of 0.8, which is neutral.
EUR/CAD Up 12 Pips Over Past Hour, in a Downtrend Over Past 90 Days; Price Base in Formation Over Past 14 Days
Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.