What are the latest trends in eurcad trading on TradingView?

3 answers

• Dec 16, 2021 · 3 years ago
  The eurcad pair on TradingView has been exhibiting a bullish trend in recent weeks. The euro has been strengthening against the Canadian dollar, driven by positive economic data from the Eurozone and a weaker Canadian dollar due to lower oil prices. Traders have been taking advantage of this trend by going long on eurcad and profiting from the upward price movement. However, it's important to note that trends can change quickly in the forex market, so it's crucial to stay updated with the latest news and analysis.
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• Dec 16, 2021 · 3 years ago
  In terms of technical analysis, the eurcad pair on TradingView has been trading within a well-defined uptrend channel. The pair has been consistently making higher highs and higher lows, indicating a strong bullish bias. Traders who follow technical analysis may use this information to identify potential entry and exit points for their trades. It's also worth noting that tradingview provides a wide range of technical indicators and charting tools that can help traders analyze the eurcad pair more effectively.
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• Dec 16, 2021 · 3 years ago
  According to the latest analysis on TradingView, the eurcad pair is expected to continue its upward trend in the near term. The eurozone economy has shown signs of recovery, while the Canadian economy is facing challenges due to the impact of lower oil prices. This has led to a favorable environment for the euro to appreciate against the Canadian dollar. Traders who are bullish on eurcad may consider taking long positions and setting profit targets based on their risk tolerance and trading strategy.
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