The market overview lets you quickly compare price movements on different timescales.
The overview shows three gauges, for the price movement during the last 60 minutes, 24 hours, and 5 days.
Each gauge shows the current price in relation to the high-low range (with prices). A gauge which is
mostly blue means that the current price is towards the top end of the range; orange means that the price
is towards the lower end of the range. The inner bar then shows the open price for the period, and the
corresponding % change.
Below the gauges are three simple candle charts, letting you compare short-term market activity on
the M5, M15 and H1 timeframes.
The EURCAD is the abbreviation for the Euro against the Canadian Dollar and
it denotes how many Canadian Dollars are needed to purchase one Euro.
Crude oil is one of Canada's largest exports and as such, tends to be sensitive
to fluctuations in crude oil prices and global growth expectations. The Eurozone
is the largest monetary union in the world and one of the most popularly traded currencies
in FX. Throughout history there have been numerous times the euro has been used as a funding
currency during times of global economic uncertainty. The EURCAD typically has a slightly higher
average true range than the majors, offering more opportunities to intra-day traders as well as swing traders.
Challenges