Bulls may note that this suggests a buy/sell ratio that is infinite.
Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
Compared to its peers in the forex, eurcad gave its buyers a return that ranked 38th in terms of percentage change since the day prior.
Compared to its peers in the forex, eurcad gave its buyers a return that ranked 34th in terms of percentage change since the day prior.
This imputes a buy/sell ratio of 2, which is bullish.
It should be noted, though, that a trend in the opposite direction, going up, exists on the 30 day timeframe.
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.
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
This is a reversal of the price action on the previous hour, in which price moved up.
Relative to other instruments in the forex asset class, eurcad ranked 37th the day prior in terms of percentage price change.