The end of
the month is near and it is a good idea to watch the EUR/CAD pair, because
based on how the pair is developing on the smaller time frames on the monthly
one could form a pin bar.
On the W1,
D1 and even H4 time frame the pair has signals for a move to the upside.
On the D1
time frame the next target of the rally should be around 1.5250 - 1.5270. If the pair breaks out above that
resistance level I think we could expect for the rally to continue in the long
term to the upper part of the trend channel around 1.70+.
In the
alternative scenario there will be a drop to the support trend line of the
channel around 1.4500, but this scenario appears less probable.
Taking note on your assessment.
ReplyDeleteThat's good to know, thank you.
ReplyDeleteVery helpful and insightful analysis, excellent.
ReplyDeleteGood insight.
ReplyDeleteExcellent Analysis!
ReplyDeleteI fully agree with your view.
Well spotted! I'll keep it in mind.
ReplyDeleteExcellent analysis.
ReplyDelete