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EURCAD

(Last Updated February 24, 2021)

Welcome to the news page for EURCAD (EURCAD). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:

Forex Calendar for EURCAD

metric_name reference_period asset_name asset_id date time forecast outcome
Euro Area ECB McCaul Speech NA Euro EUR 2021-02-24 13:45 GMT
European Union European Council Meeting NA Euro EUR 2021-02-25 08:00 GMT
Euro Area Consumer Confidence Final Feb 2021 Euro EUR 2021-02-25 10:00 GMT -14.8
Euro Area Economic Sentiment Feb 2021 Euro EUR 2021-02-25 10:00 GMT 92
Euro Area ECB Guindos Speech NA Euro EUR 2021-02-25 15:00 GMT

The Trend

On EURCAD, there is currently a downtrend on the 90, 30 and 14 day timeframes.

EURCAD Moving Averages

EURCAD’s moving averages tell a multi-facted story about its trend. Of the 20, 50, 100, and 200 day averages — three of them (all but the 200) — are bearish, implying a downward trend, save for a jump that occurred about 6 months ago.

Below is a chart showing EURCAD’s price with its moving averages.

Regarding EURCAD’s correlations over the past 7 days, it has demonstrated the strongest correlation with EURJPY. Over the past 14 days, however, the asset showing the strongest correlation to EURCAD is CADCHF. Alternatively, the asset least correlated with EURCAD over the past week has been GBPCAD, but over the past two weeks, USDNOK 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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The View From the Weekly Timeframe

At the time of this writing, EURCAD’s rate is up 6 pips (0.04%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 10 week timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on EURCAD. Given that we see downtrend on the 20 and 10 weekly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Looking further out, the moving averages on the weekly 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. The weekly chart below shows EURCAD’s price action over the past year.

EURCAD: The Monthly View

Clearest trend on the monthly is apparent at the 60 month timeframe.

EUR/CAD Down 22 Pips in Last Hour, Entered Today Up For the 2nd Consecutive Day; Breaks Above 20 Day Average

Categories Forex News Tags EURCAD
March 1, 2021

The closest is the 20 day average, which is 27.6 pips away.

EURCAD Down 2 Pips in Last Hour, Moves Up For the 2nd Consecutive Day; Crosses 20 Day Moving Average

Categories Forex News Tags EURCAD
March 1, 2021February 26, 2021

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down.

EURCAD Up 14 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; 2 Day Down Streak Snapped

Categories Forex News Tags EURCAD
February 26, 2021February 25, 2021

Or to simplify this another way, note that out of the past 10 days eurcad’s price has gone down 6 them.

EURCAD Up 3 Pips Over Past Hour, Came Into Today Down For the 2nd Day In A Row; in a Downtrend Over Past 14 Days

Categories Forex News Tags EURCAD
February 26, 2021February 24, 2021

Price action traders may also wish to note that we see a doji candlestick pattern on eurcad.

EURCAD Down 0 Pips Over Past Hour

Categories Forex News Tags EURCAD
February 25, 2021February 23, 2021

The closest is the 20 day average, which is 88.6 pips away.

EURCAD Up 2 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; is Inching Close to 20 Day Average

Categories Forex News Tags EURCAD
February 24, 2021February 22, 2021

The closest is the 20 day average, which is 51.7 pips away.

EURCAD Up 9 Pips Over Past Hour; Makes Big Move Relative to Two Week Trend

Categories Forex News Tags EURCAD
February 22, 2021February 19, 2021

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down.

EURCAD Up 4 Pips On Hourly Chart; Eyes 20 Day Average

Categories Forex News Tags EURCAD
February 19, 2021February 18, 2021

The closest is the 20 day average, which is 75.7 pips away.

EURCAD Up 1 Pips Over Past Hour; in a Downtrend Over Past 14 Days

Categories Forex News Tags EURCAD
February 19, 2021February 17, 2021

If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.

EURCAD Up 3 Pips On Hourly Chart, 2 Day Down Streak Ended; in a Downtrend Over Past 14 Days

Categories Forex News Tags EURCAD
February 17, 2021February 16, 2021

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time.

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