Created
: 2024.11.27
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
EUR/CAD Price Analysis: Pair finds resistance at 100-day SMA
World FX news
Breaking news
EUR/CAD Price Analysis: Pair finds resistance at 100-day SMA
New
2024.11.27 01:05
2024.11.27 01:05
2024.11.27 01:05
- EUR/CAD rose 0.69% on Tuesday to 1.4780.
- Sellers successfully defended the 100-day SMA, reversing the pair's advance to the seven-day high at 1.4980.
- Bulls may keep pushing the EUR/CAD higher if momentum persists and the 100-day SMA is breached.
The EUR/CAD witnessed a 0.40% uptick to 1.4740 on Tuesday, although bulls faced resistance at the 100-day Simple Moving Average (SMA) and retreated from the seven-day high of 1.4980.
The pair's two-day upward streak have created a promising technical outlook. The Relative Strength Index (RSI), currently at 44, suggests that buying pressure is recovering despite being in negative territory. The Moving Average Convergence Divergence (MACD) histogram's red and decreasing condition indicates a decline in selling pressure. These indicators point to a potential trend reversal.
The EUR/CAD pair is currently facing resistance at the 100-day SMA. If the pair breaks above, it could extend its recovery. However, sellers may keep pulling the pair lower if the pair fails to break above this resistance. For maintaining the recovery, bulls must defend 1.4900.
EUR/CAD daily chart
Last updated
: 2024.11.27
Related articles
US Dollar trades mixed after positive Consumer Confidence data
10 minutes agoMexican Peso tanks as Trump threatens 25% tariffs, USD/MXN soars
27 minutes agoFOMC Minutes: Looking for clues regarding a potential cut in December
51 minutes agoEUR/CAD Price Analysis: Pair finds resistance at 100-day SMA
2024.11.27 01:04US CB Consumer Confidence Index improves to 111.7 in October
2024.11.27 00:10GBP/NZD Price Forecast: Testing upper borderline of channel, attempting breakout
2024.11.26 23:53
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Dow Jones Industrial Average finds footing after a pullback from record highs
The Dow Jones Industrial Average (DJIA) fell back on Tuesday, shedding over 250 points at its lowest point.
New
2024.11.27 03:20US Dollar trades mixed after positive Consumer Confidence data
In Tuesday's session, the US Dollar Index (DXY) which measures the value of the Greenback against a basket of currencies, fluctuated near 107.00 following the release of key economic data.
New
2024.11.27 03:13Mexican Peso tanks as Trump threatens 25% tariffs, USD/MXN soars
The Mexican Peso collapsed against the Greenback after US President-elect Donald Trump said on Monday that he threatened to impose 25% tariffs on Mexico.
New
2024.11.27 02:56FOMC Minutes: Looking for clues regarding a potential cut in December
The Minutes of the US Federal Reserve's (Fed) November 6-7 monetary policy meeting will be released later on Wednesday at 19:00 GMT.
New
2024.11.27 02:31EUR/CAD Price Analysis: Pair finds resistance at 100-day SMA
The EUR/CAD witnessed a 0.40% uptick to 1.4740 on Tuesday, although bulls faced resistance at the 100-day Simple Moving Average (SMA) and retreated from the seven-day high of 1.4980.
New
2024.11.27 01:04US CB Consumer Confidence Index improves to 111.7 in October
Consumer sentiment in the US improved in November, with the Conference Board's (CB) Consumer Confidence Index rising to 111.7 from 109.6 in October.
New
2024.11.27 00:10Trump administration wants to swiftly implement measures to increase US oil and gas production - Commerzbank
According to two sources familiar with the matter, measures to increase US oil and gas production are to be taken just a few days after President-elect Trump takes office, Commerzbank's commodity analyst Carsten Fritsch notes.
New
2024.11.26 23:57GBP/NZD Price Forecast: Testing upper borderline of channel, attempting breakout
GBP/NZD tests the upper tramline of a channel it has been falling in during the month of November.
New
2024.11.26 23:53Oil price under pressure after strong weekly gain - Commerzbank
The Brent oil price came under pressure at the start of the week and fell by nearly 3% to $73 per barrel.
New
2024.11.26 23:52GBP/USD Price Forecast: Recovers after diving to 1.2500 on Trump's remarks
The Pound Sterling recovered some ground following remarks of US President-Elect Donald Trump late on Monday afternoon, in which he said that once he takes office on January 20, he would impose 25% tariffs on Canada and Mexico and 10% on all Chinese products.
New
2024.11.26 23:44Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
