Question 1

What do technical ratings mean?

Accepted Answer

Technical Ratings is a technical analysis tool that combines the ratings of several technical indicators to make it easier for traders and investors to spot profitable trades.
In addition to technical analysis, it's always best to use as much data as possible — to stay on top of everything that can potentially influence EURO REFERENCE RATE / CANADIAN DOLLAR exchange rate, keep an eye on related news.

Question 2

What are pivots in trading?

Accepted Answer

A pivot is an important price level, where traders expect price to either continue in the current direction or reverse course.

Question 3

What other indicators are used in calculations?

Accepted Answer

There are several indicators used to build our technical ratings, for instance, Ichimoku Cloud, MACD, and other. Read more about Technical Ratings.

Question 4

Should I buy EUXCAD?

Accepted Answer

Our technical rating for EUXCAD stock is strong buy today. Note that market conditions change all the time — according to our 1 week rating the buy trend is prevailing, and 1 month rating shows the buy signal. In addition to technical ratings, keep an eye on the EUXCAD chart to track rate dynamics.

Question 5

What are oscillators and what do they show?

Accepted Answer

An oscillator is a technical analysis tool that builds bands between two extreme values, high and low, and then builds a trend indicator that fluctuates within these values. Traders use it to see if the asset is oversold or overbought.
We've counted how many oscillators show the neutral, sell, and buy trends for EURO REFERENCE RATE / CANADIAN DOLLAR — the overall rating is buy.

Question 6

What are moving averages? Are they helpful?

Accepted Answer

Moving average is a price based, lagging (or reactive) indicator that displays the average price of an asset over a set period of time. A moving average is a good way to gauge momentum as well as to confirm trends, and define areas of support and resistance.
We've counted how many MAs show the neutral, sell, and buy trends for EURO REFERENCE RATE / CANADIAN DOLLAR — the overall rating is strong buy.

Question 7

How reliable is technical analysis?

Accepted Answer

Technical analysis only indicates the fulfillment of certain conditions of a set of individual indicators that may help the user to spot potentially favorable conditions for a transaction if this is consistent with their strategy. You should not make a decision based solely on these ratings, but try and see the full picture of how well the asset is doing using other available information. Try reading related ideas to see what other users think, or check out our Forex Screener.