EUR/CAD Analysis: Potential Trend Reversal Ahead?As observed on the chart, a final gap movement followed by trend weakness suggests we might anticipate a trend reversal soon 🔄.
The divergence is clearly visible both on the chart and within the oscillator 📊. After breaking the identified support level, we could consider entering a position.
Additionally, the RSI oscillator shows a downtrend, approaching oversold territories, indicating potential for a bounce 📈. Remember, oscillators often lead the price, providing early signals of potential moves 🚀.
For a more accurate analysis, pay close attention to the formation of the end-of-trend movement on the higher timeframes 🕒.
🔍 Categories: Trend Analysis, Support and Resistance, Technical Indicators
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