EURCAD/W/Upside seems immediate(500pips?)
Remarks:
+Weekly Uptrend
+US Oil looks over supplied due to geopolitics going around and COVID 19 Lockdowns. (Over the supply lower the price)Hence slight bears to CAD attached?
+EUR bidded slightly?
Technical Perspective:
The Major Move is to the upside. There is a strong push down going at the moment, now getting to the edge being accelerated down fast. If a prevent is happening the upside is immediate!
Lower Buy Limits will be tested IMO
Buy Levels
1.4873-1.4783
1.4704 area
SL preferred
Targets
1.5200 area
Previous Analysis
What do you think?? Comment Below.
I write this for my personal reference. Take Due Care!!
Demand and Supply Notes:
Higher the supply lower the price
Lower the supply higher the price
Higher the demand high the price
Lower the demand lower the price.
+Weekly Uptrend
+US Oil looks over supplied due to geopolitics going around and COVID 19 Lockdowns. (Over the supply lower the price)Hence slight bears to CAD attached?
+EUR bidded slightly?
Technical Perspective:
The Major Move is to the upside. There is a strong push down going at the moment, now getting to the edge being accelerated down fast. If a prevent is happening the upside is immediate!
Lower Buy Limits will be tested IMO
Buy Levels
1.4873-1.4783
1.4704 area
SL preferred
Targets
1.5200 area
Previous Analysis
What do you think?? Comment Below.
I write this for my personal reference. Take Due Care!!
Demand and Supply Notes:
Higher the supply lower the price
Lower the supply higher the price
Higher the demand high the price
Lower the demand lower the price.
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