FX:EURCAD   Euro / Canadian Dollar
So after seeing signs of bearish divergence ( trend line on indicator and on chart) we saw a large bearish move down. Now price has had the third tap onto the ascending trend line and as of now rejects the 50ema on the 4 hour time frame - another confluence being how it is sat on the 61.8 fib level which it is starting to push beyond. Stocastic oscillator also remains under 20 which indicates oversold conditions - indicating price may move upwards. Stop loss below 1.53000 - this was an area of resistance that I know could be support.


This is great mate! Brilliant analysis description
joerenshaw Jack_L96
@Jack_L96, thank you mate - shame about euro weakness today.. fundamentals blue this trade.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out