EUR/CAD Price Analysis: Pair fell deeper, approaching last week's lows, indicators deep in negative territory
20.11.2024, 16:11

EUR/CAD Price Analysis: Pair fell deeper, approaching last week's lows, indicators deep in negative territory

  • EUR/CAD dropped 0.29% on Wednesday.
  • The cross fell deeper, reaching lows last seen in July, with technical indicators remaining deeply negative.
  • EUR/CAD might continue to shed more ground as it has room before oversold conditions.

The EUR/CAD fell by 0.29% on Wednesday, reaching a low of 1.4745, continuing its decline and reaching lows last seen in July. The bearish trend is supported by negative technical indicators, with the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicating selling pressure and bearish momentum.

The EUR/CAD is in a downtrend after touching a peak of 1.5170. Currently, the pair is approaching the level of 1.4740, where sellers are showing strength. The technical indicators point to heightened selling pressure, with the RSI at 31, near the oversold area, and the MACD red and rising.

The EUR/CAD pair continued its downtrend on Wednesday, reaching lows last seen in July. This move was supported by negative technical indicators, such as the RSI and MACD, indicating selling pressure and bearish momentum. The pair might continue to shed more ground as it has room before oversold conditions but bears might encounter a strong barrier at the 1.4700 area where the pair might encounter a rebound..

EUR/CAD daily chart

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik