Get started
AlkalineFX

EURCAD - Stepping Down

Short
Euro / Canadian Dollar (FX:EURCAD)  
AlkalineFX  
FX:EURCAD   Euro / Canadian Dollar
Trend Analysis Technical Indicators Wave Analysis EURCAD eurcadshort Technical Analysis DXY
1
0
trendanalysis indicator waveanalysis eurcad eurcadshort technicalanalysis dxy
As you can see above price is stepping down nicely and respecting structure whilst doing it. This pair has recently broken the respected ascending trend line marked, we could now see a potential pullback before a continued sell-off as illustrated.

According to COT data source - 47% short

Related Ideas

AlkalineFX
USDCAD - Inverse H&S
AlkalineFX
AUDNZD - Daily Resistance
AlkalineFX
GOLD - Idea Update
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.