EUR/CAD - Weekly Analysis
"On Monthly:
200, 50 and 20 EMA are showing Bullish move as the overall move indicates.
Price moving back down to test 1.47140 another Psychological Support , but it didn't reach and pulled back up.
It seems it's moving up toward 1.52000 a psychological resistant.
-- On Weekly:
Two solid Bullish candle revered the bearish attempt and price is moving towards 1.5070. All three EMAs, 200, 50 and 20 (RGB) are on order supporting Bullish move.
--On Daily:
The inverted Head & Shoulders has broken neck and Bullish move is going full steam.
All three EMAs, 200, 50 and 20 (RGB) not sequentially, but they are supporting bullish move.
-- On Hourly:
it seems, it has created Rising Wedge, showing exhaustion of Bullish move.
Additionally, RSI is clearly showing a great Divergence for Bearish reversal despite the all three EMAs, 200, 50 and 20 (RGB) supporting Bullish move."
200, 50 and 20 EMA are showing Bullish move as the overall move indicates.
Price moving back down to test 1.47140 another Psychological Support , but it didn't reach and pulled back up.
It seems it's moving up toward 1.52000 a psychological resistant.
-- On Weekly:
Two solid Bullish candle revered the bearish attempt and price is moving towards 1.5070. All three EMAs, 200, 50 and 20 (RGB) are on order supporting Bullish move.
--On Daily:
The inverted Head & Shoulders has broken neck and Bullish move is going full steam.
All three EMAs, 200, 50 and 20 (RGB) not sequentially, but they are supporting bullish move.
-- On Hourly:
it seems, it has created Rising Wedge, showing exhaustion of Bullish move.
Additionally, RSI is clearly showing a great Divergence for Bearish reversal despite the all three EMAs, 200, 50 and 20 (RGB) supporting Bullish move."
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