As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
This move is a reversal from the hour prior, which saw price move up.
The closest is the 20 day average, which is 41 pips away.
Relative to other instruments in the forex asset class, eurcad ranked 33rd the day prior in terms of percentage price change.
The closest is the 200 day average, which is 103.8 pips away.
This is a reversal of the price action on the previous hour, in which price moved up.
The closest is the 20 day average, which is 52 pips away.
Price action traders may also wish to note that we see a doji candlestick pattern on eurcad.
A breakout above the sma could open the door to a material turn higher in the pair, reversing losses since the beginning of this year.
Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.