E
E

EURCAD


XM Research

Technical Analysis – EURCAD builds uptrend; overbought signals strengthen

EURCAD has rallied by almost 10% since the plunge to a nine-and-a-half year low of 1.2874 in August, retracing more than half of its 2022 downtrend.

Technical Analysis – EURCAD confused ahead of key central bank decisions

EURCAD has been trending downwards since the strong rejection near February’s descending trendline and the 1.

Technical Analysis – EURCAD imprisoned in a very narrow range

EURCAD has been trapped in an extremely narrow range between 1.4500 and 1.4400 for a week now. The 50-period moving average (MA) on the four-hour chart is halting any advances, while the lower Bollinger band is preventing any declines.

US Open Note – Euro remains afloat above 1.14 after impressive NFP data; oil fires up

Euro survives NFP surprise The euro had been dancing to the ECB’s hawkish beats on Friday until the US nonfarm payroll report came to put the brakes on its dynamic rally, but the common currency managed to remain afloat.

Technical Analysis – EURCAD rockets to descending 200-day SMA

EURCAD’s bullish demeanour has strengthened significantly as the pair recently surged from the more than 5-year low of 1.

US Open Note – Inflation hits its fastest pace in four decades

Powell calms the markets Fears that the US economic expansion could be jeopardized by tighter monetary policy have been alleviated for now, as the Fed Chair Jerome Powell reassured investors that the central bank would bring down inflation without derailing the US economic recovery.

US Open Note – Stocks set for opening gains; Powell’s testimony in focus

Powell testimony in focus; Bundesbank’s new chief warns on inflation Markets are anticipating Fed Chair Jerome Powell’s renomination hearing in Congress later today, waiting to find out his current views on inflation ahead of the CPI data release on Wednesday.

US Open Note - Will the Fed’s policy decision rattle the markets?

FOMC decision in the spotlight Markets are on edge as the Federal Reserve’s final policy decision for 2021 will hit the markets today at 19:00 GMT.

EURCAD has been sloping downwards after its recent rally was rejected by the two-month high of 1.4552 in early December.

Technical Analysis – EURCAD at a make-or-break point; negative risks linger

EURCAD was hit by a sharp selling wave last week, erasing the sparkle from early April to meet the crucial support zone of 1.

Technical Analysis – EURCAD challenges familiar support zone

EURCAD is again seeking support around the 200-day simple moving average (SMA) following the recent pullback from a five-month high of 1.

Technical Analysis – EURCAD looking range bound; plots some gains

EURCAD today found footing on the 1.5127 level, that being the 50.0% Fibonacci retracement of the up leg from the 34-month low of 1.

Technical Analysis – EURCAD below moving averages and mid-Bollinger band in sideways market

EURCAD is currently stuck between the 200-period SMA of 1.5331 and the 1.5127 level, that being the 50.0% Fibonacci retracement of the up leg from the 34-month low of 1.

Technical Analysis – EURCAD undecided after pullback from 2-year high  

EURCAD is currently trading between the 50-period simple moving average (SMA) and the lower Bollinger band, with directional momentum evaporating.

Technical Analysis – EURCAD sets sight on peak despite recent correction

EURCAD continues to focus on the recent 23-month-peak of 1.5817 even after a pullback below the 1.5449 level, which is the 23.

Technical Analysis – EURCAD rises to 9-month peak above 1.5000

EURCAD stretched its two-week rally towards a nine-month high of 1.5032 earlier today. The market trend is likely to hold on the upside as long as the price holds far above its moving averages and the Ichimoku cloud.

Technical Analysis – EURCAD accelerates to 3-week high; bias cautiously positive

EURCAD is set to close strongly bullish after three consecutive negative weeks, with the pair accelerating from a three-year low of 1.

Technical Analysis – EURCAD breaks sideways pattern to the downside

EURCAD broke to the downside the medium-term sideways range that had been confining the price action in recent months, with an upper bound at 1.

Technical Analysis – EURCAD bounces on moving averages bullish cross; neutral bias in near term

EURCAD has been losing ground over the last four days but its sideways move since the end of August remains intact, keeping the short- and medium-term pictures neutral.



Conditions

Popular Assets

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.