EUR/CAD: breakdown to bearish reversal. Daily price for the pair is located above Ichimoku cloud for the primary bullish market condition with the secondary correction to be started. Chinkou Span line broke the price to below for good breakdown to be started and to be continuing in the near future, and Absolute Strength indicator is estimating the secondary correction to be started. The price broke two key support levels during the breakdown with 1.4940 support level as the target in this case for ...
EUR/CAD: bullish breakout. The pair is on bullish market condition since the beginning of Dec this year: price broke Ichimoku cloud from below to above together with Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart. The price was stopped by 1.5125 resistance and 1.5200 resistance levels together with ascending triangle pattern to be formed for the price to be started with the ranging market condition near and below those resistance ...
Recent Comments