Indicators
Indicators
Value
Direction
MACD(12,26,9)
-0.001
Sell
RSI(14)
45.046
Neutral
STOCH(KDJ)(9,3,3)
38.419
Sell
ATR(14)
0.006
High Vlolatility
CCI(14)
-150.974
Sell
Williams %R
64.002
Sell
TRIX(12,20)
-0.001
Sell
StochRSI(14)
36.906
Sell
Search
EUR/CAD
Add to Watchlist
1.603
+0.005+0.30%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D
Today
+0.30%
5 Days
-0.52%
1 Month
+0.00%
6 Months
-0.11%
Year to Date
-0.53%
1 Year
-2.06%
Key Data Points
Opening Price
1.598Previous Closing Price
1.598EUR/CAD Trading Strategy
Intraday
Short Term
Trading Strategy
The upside prevails as long as 1.6023 is support, with 1.6068 and 1.6080 as targets
Alternative scenario
below 1.6023, expect 1.6003 and 1.5990.
Comment
The upside prevails as long as 1.6023 is support, with 1.6068 and 1.6080 as targets
Fri, Oct 2
Source: Trading Central(Reference Only)
Recent
Analysis
Euro gains against Canadian Dollar ahead of Eurozone HICP data
EUR/CAD rises after posting modest losses in the previous day, trading around 1.6010 during the early European hours on Friday. Traders are turning their attention to the upcoming preliminary Eurozone Harmonized Index of Consumer Prices (HICP) data for September, set to be released later in the day.
FxstreetFri, Oct 2
Euro holds gains against Canadian Dollar despite weak German Retail Sales data
EUR/CAD inches higher after posting modest losses in the previous day, trading around 1.6100 during the European hours on Wednesday. The currency cross gains support as the Euro (EUR) remains resilient following mixed German consumer spending data for August.
FxstreetWed, Sep 30
Euro softens against Canadian Dollar amid ECB caution, oil strength
EUR/CAD halts its three-day winning streak, trading around 1.6100 during the European hours on Tuesday.
FxstreetTue, Sep 29
Euro gains against Canadian Dollar as ECB-BoC rate gap widens
EUR/CAD extends its gains for the third consecutive day, trading around 1.6110 during the European hours on Monday.
FxstreetMon, Sep 28
Euro holds gains against Canadian Dollar following German GfK Consumer Confidence
EUR/CAD gains ground for the second successive day, trading around 1.6110 during early European hours on Friday.
FxstreetFri, Sep 25
Euro gains against Canadian Dollar on upbeat German IFO Business Index
EUR/CAD gains ground after registering modest losses the previous day, trading around 1.6060 during European hours on Thursday. The Euro (EUR) is appreciating as markets react positively to better-than-expected economic sentiment data out of Germany.
FxstreetThu, Sep 24
Indicators
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
Strong sell
Moving Average
Indicators
Value
Direction
MA5
1.607
Sell
MA10
1.608
Sell
MA20
1.606
Sell
MA50
1.609
Sell
MA100
1.610
Sell
MA200
1.608
Sell
About EUR/CAD
Are there any specific risks associated with trading EURCAD?
As with any currency pair, trading EURCAD involves risks such as market volatility, political instability, and economic releases. Traders should implement risk management strategies to mitigate potential losses.
Can I use leverage when trading EURCAD?
Yes, leverage is commonly available for trading EURCAD, which allows traders to control larger positions with a smaller amount of capital. However, leverage also magnifies the potential for losses, so it should be used judiciously and with a clear understanding of the risks involved.
How do interest rate decisions by the European Central Bank (ECB) and the Bank of Canada (BoC) influence EURCAD?
Interest rate differentials are a primary driver of currency movements. If the ECB raises interest rates while the BoC keeps rates unchanged or cuts them, the EUR could strengthen against the CAD, leading to a higher EURCAD exchange rate.
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