EURCAD
In the daily time frame, we reached a strong resistance level, and in the lower time frames, we see weakness in the current movement. This weakness can be seen in the negative divergence and we expect to see the price return to the specified area in these areas.
By checking the skewness coefficient, we realize that this weakness started from very low areas and became more obvious at the current peak.
According to the news on both the euro and the Canadian dollar, it is not unlikely that it will hold for a few hours in this area and it is better to wait for the failure of the red area.
By checking the skewness coefficient, we realize that this weakness started from very low areas and became more obvious at the current peak.
According to the news on both the euro and the Canadian dollar, it is not unlikely that it will hold for a few hours in this area and it is better to wait for the failure of the red area.
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