Analysis for EURCAD
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I hope you are well
We have seen a strong uptrend over the past few months. This trend stopped in support of 1.4600 and we have had a chart without a trend in the price range of 1.4600 to 1.4900 for some time. But we seem to be done. Although we still have resistance from the chart in the range of 1.4880 to 1.4910 and it seems that we will face another correction in this range downwards, but after the break of this range, the upward trend will probably start.
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I hope you are well
We have seen a strong uptrend over the past few months. This trend stopped in support of 1.4600 and we have had a chart without a trend in the price range of 1.4600 to 1.4900 for some time. But we seem to be done. Although we still have resistance from the chart in the range of 1.4880 to 1.4910 and it seems that we will face another correction in this range downwards, but after the break of this range, the upward trend will probably start.
📣 Attention 📣
⚠️ 1. We publish this trading idea to help analysts, so if you have an idea that you think is right, do not be influenced by this idea.
⚠️ 2. All our analysis and signals are provided free of charge, so we have no obligation to make any profit or loss on our signals and analysis.
⚠️ 3. If you have an idea, write to us in the comments section, we will be happy to use your idea in our analysis.
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