EUR/CAD
EUR/CAD market insights
Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.
If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.
Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.
When you trade your FOREX.com account on TradingView.com, you benefit from sharing ideas with their community of over 50 million traders, investors, and analysts in addition to their industry-leading charts and tools.
Whether you are new to trading or a seasoned investor, TradingView delivers on our joint mission to help anyone succeed in financial markets.
When it comes to trading, it’s just as important to assess your own behaviours as well as the market’s. More than a modern-day trading journal, simply log into our trading platform and select the Performance Analytics tab for in-depth insights on your strengths and weaknesses.
Economic calendar
EUR/CAD details
The EUR/CAD forex pair is made up of the euro as the base currency and the Canadian dollar as the quote currency, meaning the value of EUR/CAD denotes how many Canadian dollars equal one euro.
The currency pair’s value is affected by all economic influences experienced in the Eurozone, as well as those unique to CAD such as crude oil prices, a major export of Canada.
The Eurozone market is Canada’s second-largest trading partner after the United States, making EUR/CAD a good economic indicator for Canada.
| Margin from | 5.0 % |
| Min trade size | 1,000 |
| Long | -0.76 |
| Short | -0.95 |
| Min stop distance | 0.0 Points |
| Guaranteed order minimum | 0.0015 Points |
Spreads
| Spreads from | 0.00039 Points |
Margins
| 0 - 32,000,000 | 5.0 % |
| 32,000,000 - 160,000,000 | 7.0 % |
| 160,000,000 + | 10.0 % |
Dealing
| Spreads from | 0.00039 Points |
Margins
| 0 - 32,000,000 | 5.0 % |
| 32,000,000 - 160,000,000 | 7.0 % |
| 160,000,000 + | 10.0 % |
Forex news
Forex explained
What is forex?
Forex trading has grown ever more popular with retail traders like you. But what is forex and how do you trade it?
How to trade forex
Want to know what a forex trade looks like? This section details how to place a forex trade on our platform.
Start forex trading
To begin forex trading with FOREX.com, simply follow our three-step guide to open an account and you could be placing your first forex trade in minutes.