EURCAD | Ziwox Terminal | Your Professional forex assistant

Symbols	Entry	SL/TP	OT/Duration	Status
EURCAD/Short	--	--	24 days and 4 h 7 min ago	Failed -6 pip
EURCAD/Long	--	--	25 days and 8 h 23 min ago	Failed -25 pip
EURCAD/Short	--	--	19 days and 4 h 20 min ago	Win 38 pip
EURCAD/Buy Limit	--	--	29 days and 5 h 28 min ago	Breakeven Hit 0 pip

Trades are for educational purposes only.

Day Trading

Short Term/Scalp Opportunity

Swing trading

Long Term Opportunity

Market Risk & Sentiment: Sydney Session

- 2023-12-04 22:58 GMT

VIX: 13.06 chg: %, Direction: Downside
US10Y: 4.257, chg: 0.033

Related performance by EUR

Daily pairs relation

Intraday performance

Strongest currency is the United States Dollar and the weakest currency is Switzerland Frank

Intraday performance relation

AUD: -0.66% NZD: -0.57% EUR: -0.45% GBP: -0.56% CAD: -0.26% JPY: -0.26% CHF: -0.37

Technical Data:

Statistical Sup/Res

R1:		S1:
R2:		S2:
R3:		S3:
R4:		S4:

Inteligent CCI

Daily:

H1:

M30:

M5:

Signal

Sell

Nutral

Sell

waiting...

-80 %

Pivot Points

Pivot: 1.46766

S1:

S2:

S3:

1.46176

1.45675

1.45085

R1:

R2:

R3:

1.47267

1.47857

1.48358

Money flow:

EURCAD Retail trader sentiment shows 69% of traders are net-long and 31% of them are net-short. The ratio of retails trader is 2.23
We generally adopt a contrarian approach towards crowd sentiment.In fact, with this rate, traders are net-long and we give probability EURCAD prices may decrease.

EURCAD, Retail traders Sentiment

EURCAD, Retail Traders Liquidity

Speculators NET positions (Smart money)

Heat Map

Commitment Of Traders (COT):

>Euro

Net Positions:

Previous: 129,654

Current 143,165

Changes +13511 10%

>Canadian Dollar

Net Positions:

Previous: -65,440

Current -63,242

Changes +2198 3%

COT History EUR

COT History CAD

COT Chart EUR

COT Chart CAD

EURCAD Forecast:

Forecast by Ziwox AI

Base Drivers:

Bonds, DEU 10Y: 2.343 chg: -0.008%

Interest rate: 4.5%

Fundamental Bias: Bearish Weak

COT POS: EUR: 143165 pos, change: 10%

Retail Short pos ratio: 31%

Retail trader Sell position: 2934

Retail trader Sell volume: 815.57 lots lot

Distance to Resistanc R4 (1.46872): 0.00167

Daily Trend: SELL

Quote Drivers:

Bonds, CAN 10Y: 3.478 chg: 0.029%

Interest rate: 5%

Fundamental Bias: Neutral --

Retail Long pos ratio: 69%

Retail trader Long position: 9390

Retail trader Buy volume: 1773.57 lots lot

Distance to Support S4 (1.46058): 0.00647

Bullish:

PREMIUM

Bearish:

PREMIUM

YIELD ratio: -1.135 | VIX: 13.06 Downside | COT chg ratio: +7%

Fundamental Bias:

Bearish Weak

European Central Bank (ECB) rate: 4.5%

Monetary Policy: Hawkish Last change: Sep 14, 2023 (25bp)

CPI (MoM) (Oct) 0.1%, prev: 0.3%
Core CPI (MoM) (Oct) 0.2%, prev: 0.2%
French CPI (YoY) 4.0%, prev: 4.9%

Spanish Unemployment Change 24.6K, prev: 36.9K
France Jobseekers Total 2,821.4K, prev: 2,812.2K
French Unemployment Rate (Q3) 7.4%, prev: 7.2%

ECB Interest Rate Decision (Oct) 4.50%, prev: 4.50%
ECB Interest Rate Decision (Sep) 4.50%, prev: 4.25%

HCOB Eurozone Composite PMI (Nov) 47.1, prev: 46.5
HCOB Eurozone Services PMI (Nov) 48.2, prev: 47.8
HCOB Eurozone Manufacturing PMI (Nov) 43.8, prev: 43.1

Neutral

Bank of Canada (BOC) rate: 5%

Monetary Policy: Hawkish Last change: Jul 12, 2023 (25bp)

Trimmed CPI (YoY) (Oct) 3.5%, prev: 3.7%
Common CPI (YoY) (Oct) 4.2%, prev: 4.4%
Core CPI (MoM) (Oct) 0.3%, prev: 0.1%

Employment Change (Oct) 17.5K, prev: 63.8K
Full Employment Change (Oct) -3.3K, prev: 15.8K
Part Time Employment Change (Oct) 20.8K, prev: 47.9K

BoC Interest Rate Decision 5.00%, prev: 5.00%
BoC Interest Rate Decision 5.00%, prev: 5.00%

Ivey PMI (Oct) 53.4, prev: 53.1
Ivey PMI n.s.a (Oct) 51.9, prev: 54.2
S&P Global Canada Manufacturing PMI (Oct) 48.6, prev: 47.5

Bullish points

Bearish points

EURCAD Trade idea

Recent Event/News

European Central Bank Interest rate pause?

Nordea's assessment remains that the bank has finished raising interest rates. The European Central Bank's July monetary policy meeting offered little guidance on what the ECB will do at its September...

2023-09-01 07:59:27
3 months 94 days ago

China PMIs remain downbeat

A further slowdown in the service sector recovery coupled with a slight moderation in manufacturing contraction does not amount to any meaningful improvement to the overall economic backdrop...

2023-08-31 14:46:04
3 months 95 days ago

The Bank of New Zealand's impending decision to hold interest rates at 5.5%

The Bank of New Zealand's impending decision to hold interest rates at 5.5% for the second consecutive meeting marks a turning point in the country's monetary policy outlook....

2023-08-16 10:01:50
3 months 110 days ago

US inflation boosts case for no further rate hikes

A second consecutive benign set of inflation prints adds to optimism that the Fed rate hike cycle is at an end and a soft landing is achievable for the US economy. We continue to have our concerns abo...

2023-08-10 15:03:56
3 months 116 days ago

Japan remains on the recovery path despite weaker industrial production

Industrial production retreated in May, but Japan's economic outlook remains reasonably optimistic. While Tokyo inflation showed cost-push inflation persisting, tight labour conditions could signal su...

2023-06-30 08:32:00
5 months 157 days ago

SNB hikes rates by 25bp and signals further tightening still to come

The Swiss National Bank raised its policy rate by 25 basis points as expected, while at the same time sending out a very hawkish signal. With the central bank expecting inflation to remain persistent ...

2023-06-22 12:24:26
5 months 165 days ago

The Bank of England raised its interest rate by 0.5% to 5%

The division of votes was 7 to 2 so two people were against the increase. The continuation of inflation requires further escalation. If there is evidence of more sustained pressures, then further ti...

2023-06-22 11:36:56
5 months 165 days ago

Bank of Japan keeps policy settings unchanged � for now

The BoJ has unanimously decided to maintain its ultra-easing monetary policy as it is still looking for clearer signs of sustainable inflation growth. We believe higher-than-expected inflation, a cont...

2023-06-16 17:28:46
5 months 171 days ago

The Commodities Feed: China Surprises with a Cut in short-term rates

The Energy Information Administration (EIA) estimates that US shale oil production could remain flat in July, with drilled but uncompleted wells (DUCs) inventory falling further in May. For metals, Ch...

2023-06-13 18:58:27
5 months 174 days ago

China cuts rates ahead of monthly activity data

While there has been some speculation about rate cuts, today's cut was not widely expected, and coming just ahead of the monthly activity data suggests that this set of numbers could be very weak...

2023-06-13 18:52:34
5 months 174 days ago

Eurozone PMI dropped in May due to manufacturing contraction

The composite PMI fell from 54.1 to 53.3 in May, which is the first decline since October last year. The divergence between services and manufacturing is growing, with services inflation accelerating ...

2023-05-24 12:55:07
6 months 194 days ago

May 24 economic calendar

German trade sentiment, European Central Bank chief Lagarde, and UK inflation numbers are in focus ahead of the FOMC meeting....

2023-05-24 12:23:32
6 months 194 days ago

German ZEW index adds to recent growth worries

The third drop in a row for the German ZEW index marks a turning point for the worse as any growth optimism from the start of the year evaporates...

2023-05-16 12:36:42
6 months 202 days ago

The FED raised interest rates by 0.25%

In a March statement, the Fed suggested there would be no rate cuts until 2024. However, the market began betting on a rate cut in September, and after today's announcement, the chances of a rate cut ...

2023-05-03 20:24:50
7 months 215 days ago

Australia: Reserve Bank surprises with 25bp hike

Despite falling inflation, RBA Governor, Philip Lowe, justified the latest hike by saying that it would take time to bring inflation down and hinted that more hikes might be necessary...

2023-05-02 22:05:14
7 months 216 days ago

Federal Deposit Insurance Corporation accepts JP Morgan's offer for First Republic Bank

This has been going on since the weekend. Completion of the auction/deal means that First Republic Bank offices will reopen as JP Morgan branches thereafter. This breakdown shows that First Republic B...

2023-05-01 08:39:24
7 months 217 days ago

Eurozone economy grew marginally in the first quarter of 2023, but divergence is high

The eurozone economy carries on along the rim of stagnation. A meagre 0.1% quarter-on-quarter GDP growth in the first quarter with high divergence across member states is better than feared � but cle...

2023-04-28 17:17:00
7 months 220 days ago

Bank of Japan stays on hold but policy adjustment is coming

Based on upbeat activity data and higher-than-expected inflation, we believe the BoJ will take steps to normalise policy by adjusting its yield curve control tool in the coming months ...

2023-04-28 17:12:22
7 months 220 days ago

Credit Suisse saw $69 billion in outflows at start of 2023

Credit Suisse Group AG reported 61.2 billion francs ($69 billion) of outflows in the first quarter and took a large writedown at its wealth management unit, underscoring the challenge for UBS Group AG...

2023-04-25 12:20:40
7 months 223 days ago

German Ifo improves marginally in April

An improving Ifo index is always good news. However, a weaker current assessment component and below-average expectations do little to take away the stagnation risk for this year ...

2023-04-24 14:40:29
7 months 224 days ago

Calendar Weekly: (GMT) 2023-12-04 22:58

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Trade offers are for educational purposes only.

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