Posts tagged 'EURCAD'

Our Quarterly USDCAD view is a bullish one and is currently being driven by a weaker CAD across the board. That is reflected in positive moves last week in EURCAD and GBPCAD that confirmed a medium term bullish tone for these crosses.In EURCAD the spot price has been flirting with the 21 week displaced moving average... read more

Last week's gains in GBPCAD were more modest than the previous week's upside but they were enough to confirm a change in investor sentiment to bullish.This is because this improvement took GBPCAD above the 21 week moving average for the first time in 3 months. Importantly that break confirmed a similar 'golden' cross of our RSI... read more

Last week's EURCAD decline confirmed the negative RSI crossover of a few weeks ago but break below the 21 week moving average. That close was the first below the key line since April and provides a bearish tone for sentiment in the coming weeks.A positive trend had been indicated in March with 'golden' crosses of both... read more

This week has seen some significant buying of EURCAD at the 21 week moving average line. It was a positive break of that point in both spot and RSI that generated an outright bullish bias. That Trend Table bias has remained intact since.Gains of almost 9 big figures were posted up to May's EURCAD high (near... read more

A sharp decline in EURCAD in mid-November ended a period of volatile but trendless trading around the 13 and 21 week moving averages. That fresh negative bias for the cross yielded more than 5 big figures to this year's low. But the EURCAD decline was not an aggressive one but the rally from last month's bottom has... read more

EURCAD has been dominated by the post election upside reversal that sent the cross back below the 21 week moving average and, just as importantly, sending the RSI indicator below it's own moving average. That renewal of negative momentum took EURCAD to 18 month lows in December before the market attempted to rally. But two subsequent rally... read more

Last week's strong decline has changed EURCAD to bearish after the upside failed above a key Fibonacci retracement point.Since the bounce from June's low trading in EURCAD has been volatile but lacking a sustained follow through in either direction with the market fluctuating around the 21 week moving average and remaining within what has been a... read more

The positive move in EURCAD that we highlighted on these pages in September proved temporary. Sellers have returned over the last week and the focus has returned to the downside. The move above the 21 week moving average in the first week of last month confirmed the already bullish signals in the RSI indicator and subsequent upside took... read more

..Bearish signals were given in EURCAD in February. Firstly with a negative cross in RSI through it's moving average, with this trigger then confirmed by a corresponding 'dead' cross in the spot price. This move resulted in a sharp decline in April that confirmed the view and yielded the year's lows. But there was a lack of... read more

Our Trend Table longer term view on EURCAD turned to Bearish at the end of February. Spot prices moved below the 21 week moving average confirming a similar break in the RSI indicator the preceding week.EURCAD fell by almost 4 big figures to April's 1.4182 low, near the bottom of a negative Keltner channel.Price action since... read more