Afterprime / Live Spreads / Forex / Trade EURCAD CFD

EURCAD Euro vs Canadian Dollar

CFD Forex

Forex

Minor Forex-Minor OTC
Sell EUR
Buy EUR

Why Trade EURCAD?

  • Spreads from 0.0pips
  • Fast Execution < 1ms
  • Full Trade Receipts
  • $0 Fee Deposits
  • Webtrader (MT4)
  • TradingView
  • TraderEvolution

What is Euro vs Canadian Dollar / EURCAD?

EURCAD is the ticker symbol for Euro vs Canadian Dollar. EURCAD is a Forex CFD. The EUR/CAD currency pairing is a representation of the amount of Canadian dollars (CAD) that can be bought for every Euro (EUR).

The standard contract size for EURCAD is 100000 with max lots of 1000 tradeable in 0.01 lot increments.

EURCAD Product Specification

Contract Size
100000
Margin Currency
EUR
Profile Currency
CAD
Pip Value
10
Asset Class
Sector
Minor
Sub-Sector
Forex-Minor
Expiry
Perpetual
Max Lots
1000
Minimum Size
0.01
Step
0.01
3-Day Swap
Wednesday
Product Specs

EURCAD Sessions

Exchange
OTC
Market Hours
24 Hrs
Expiry
Perpetual
Monday
00:01-23:59
Tuesday
00:01-23:59
Wednesday
00:01-23:59
Thursday
00:01-23:59
Friday
00:01-23:57
Saturday
Closed
Sunday
Closed
Time Zone
GMT +2 / GMT +3

EURCAD Platform Access

Price Feed
Desktop
Web
Mobile
FIX API
Scalping / News
Automated Trading
Day Trading

Popular EURCAD FAQs

What is the minimum trade size for EURCAD?

The minimum trade size for EURCAD is 0.01

What is the maximum trade size I can open on EURCAD?

1000 lots

How do you analyze EURCAD?

You analyze the EURCAD forex pair the same as any other market, by a combination of technical analysis, trend analysis, and any pertinent fundamental analysis or information that is available. You should think of the EUR as the "anti-CAD", as if the CAD is soft, it generally means that there is a strengthening EUR, and vice versa.

Is CFD trading risky?

CFD trading is extremely risky. Trading any leveraged product carries significant risk as you have the ability to open positions that are far larger than your account balance.

What leverage do we offer on Forex?

We offer competitive leverage rates which are determined by the Afterprime entity you register with.

What is the value of one Forex point?

One Forex point is normally = to 10 unit of base currency. For instance, one Forex point of EURCAD is = to 10 EUR.

EURCAD Trading Strategies

EURCAD is a currency pair that represents the value of the Euro against the Canadian Dollar. The Euro is the first currency in the pair, while the Canadian Dollar is the second. The pair is traded on the foreign exchange market and is used by traders to speculate on the relative strength of these two currencies.

There are a number of different strategies that can be used when trading EURCAD. Some common strategies include: buying on pullbacks, selling at resistance, and looking for Trend continuation/reversal patterns. Let's take a closer look at each of these strategies.

Buy on Pullbacks

A pullback is a temporary reversal in price that often occurs after a sustained move in one direction. When trading EURCAD, traders may look to buy on pullbacks as a way to enter into positions at more favorable prices. To do this, traders may use technical indicators such as Fibonacci retracements or moving averages to identify potential areas of support where prices are likely to reverse higher. Alternatively, traders may also place buy orders just above key levels of resistance that have been broken as part of the original move higher.

Sell at Resistance

Resistance is a level in the market where selling pressure is thought to be strong enough to offset buying pressure and stall an upward move. When trading EURCAD, traders may look to sell at resistance as a way to enter into positions ahead of a potential price decline. To do this, traders may use technical indicators such as Fibonacci retracements or moving averages to identify potential areas of resistance where prices are likely to reverse lower. Alternatively, traders may also place sell orders just below key levels of support that have been broken as part of the original move lower.

Trend Continuation/Reversal Patterns

Another common strategy that can be used when trading EURCAD is to look for trend continuation or reversal patterns. continuation patterns are graphical formations that tend to occur in the middle of a trend and signal that the existing trend is likely to continue. Some common continuation patterns include triangles, pennants, and flags. Reversal patterns, on the other hand, are graphical formations that tend to occur at the end of a trend and signal that the existing trend is likely to reverse. Some common reversal patterns include head and shoulders, double tops/bottoms, and triangles.

These are just a few examples of some common EURCAD trading strategies that can be used by traders when analyzing this currency pair. As with any other strategy, it's important to remember that no single approach will work all of the time and that different techniques may need to be employed in order to generate consistent profits over the long-term.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

EURCAD Trading Strategies.

The Afterprime liquidity mix for the forex market has been specially designed to cater for all forex trading styles. Enjoy trading on EURCAD with fast speeds and low costs.

Scalpers

Low Costs

News Traders

STP Execution

HFTs

Execution From < 1ms

Expert Advisers

No restrictions

Swing traders

Low financing

Large Traders

Deep sweepable liquidity

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Customer Notice

Trading CFDs and FX is high risk and not suitable for all investors. Losses can exceed your initial investment. Any Information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation, or needs. Our Risk Disclosures and Legal documents should be considered before deciding to enter into any derivative transactions.

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