Bearish Sentiment Ahead? EURCAD Technical Insights
EURCAD
Bearish Sentiment Ahead? EURCAD Technical Insights
1. Price Formation: The price has broken out from an inverted Reverse Cup &Handle price formation on a daily chart but one has to wait where it might close. Bearish sentiment.
2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA.
3. 200-day Moving Average is above the Price.
5. Relative Strength Index (RSI): The RSI is <than 50.
6. Price Target: 1,380
Bearish Sentiment Ahead? EURCAD Technical Insights
1. Price Formation: The price has broken out from an inverted Reverse Cup &Handle price formation on a daily chart but one has to wait where it might close. Bearish sentiment.
2. Moving Averages: The 7-day moving average (MA) is below the 21-day MA.
3. 200-day Moving Average is above the Price.
5. Relative Strength Index (RSI): The RSI is <than 50.
6. Price Target: 1,380
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.