Market Instrument: EURCAD
Timeframe: Weekly
Analysis: Technical
Structure: Support and Elliot Waves
Prediction: Bullish
EURCAD is on major weekly support where we have seen a good buying pressure formed at these price levels previously. For the moment price is respecting the support level formed on the lower timeframe while the bearish trend extended up to this level has already completed its 5 waves and I have a decent expectation of a reversal to form around this support to the upside.
Timeframe: Weekly
Analysis: Technical
Structure: Support and Elliot Waves
Prediction: Bullish
EURCAD is on major weekly support where we have seen a good buying pressure formed at these price levels previously. For the moment price is respecting the support level formed on the lower timeframe while the bearish trend extended up to this level has already completed its 5 waves and I have a decent expectation of a reversal to form around this support to the upside.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.