EURCAD - 7 Jan 2018:- Poised to fall on the Daily TF.
It has passed the 50ema and currently testing the Weekly Support. The next level will be the 200, followed by the 800.
Triangular Direction Indicator (TDI) (not on the chart), shows market (yellow) has been gradually curving downwards, indicating downwards trend plus the RSI (green) is also below the Liquid 50 ...
6 Jan 2018 - Following it's healthy retracement to Fib 50% (12734.38) and a strong move above, I am expecting a good pullback to the 61.8% (14425.07) level before continuing further to 100% (19898.34) point.